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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
High-rise multifamily apartments
2222 Smith St 152 Houston, TX 77002-8735
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2411979
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2003
Construction
BRICK
Total area
182,240 SF
Lot
1.44 ac (62,509 SF)
APN
1226500010001
UPID
US82-2411979
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
2222 Smith Apartment Building Apartment Complex
-
Act Personnel Employment Agency
-
Jacks Car Wash Car Wash
-
Lessons In Your Home Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.08M
Owner & transaction history
Mri Midtown Ltd · 7 yrs held
Mri Midtown Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$6 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$529,788
Tax year 2022
Assessed value
$22,323,845
Assessed 2024
Previous assessed
$26,294,658
-15.1% YoY
Effective rate
2.37%
On assessed value
Assessed land
$6,250,900
Assessed improvement
$16,072,945
Land market value
$6,250,900
Improvement market value
$16,072,945
Total market value
$22,323,845
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2003
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
182,240 SF
Lot
1.44 ac (62,509 SF)
APN
1226500010001
UPID
US82-2411979
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Mri Midtown Ltd
Individual
Mailing address
3000 RICHMOND AVE, HOUSTON, TX 77098-3102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2019
—
Mri Midtown Ltd
—
Deed
related
$12,700,000 · Miscellaneous Ins Co
Nov 26, 2018
—
Mri Midtown Ltd
—
Deed
related
$12,300,000 · Compass Bk
Dec 8, 2016
—
Mri Midtown Ltd
—
Deed
related
$10,195,825 · Compass Bk
—
—
Mri Midtown Ltd
—
Loan Modification
related
$12,300,000 · Compass Bk
—
—
Mri Midtown Ltd
—
Deed Of Trust
related
$12,700,000 · Miscellaneous Ins Co
—
—
Mri Midtown Ltd
—
Deed Of Trust
related
$12,300,000 · Compass Fed'l S&l
—
—
Mri Midtown Ltd
—
Loan Modification
related
$10,195,825 · Compass Bk
—
—
Mri Midtown Ltd
—
Deed Of Trust
related
$14,350,000 · Deutsche Bank Berkshire Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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