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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Garden apartment buildings
2310 Cres Park Dr 436 Houston, TX 77077-6753
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3199128
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
FRAME
Total area
11,178 SF
Lot
14.33 ac (623,997 SF)
APN
1049280000031
UPID
US82-3199128
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
-
QUELLGIVESCASH Employment Agency
-
H&G PROFESSIONAL CLEANING SERVICE Hardware & Home Improvement
-
avalon at royal oaks Apartment Building
-
The Aubrey Real Estate Agency
-
Wright's House Keeping Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$555k
Owner & transaction history
Tbb Crescent Park Drive LLC · 2 yrs held
Tbb Crescent Park Drive LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$785,000
+119.9%
Medical building
$715,000
+100.4%
Warehouse, storage
$545,000
+53.7%
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
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$355,000
Current use
AUTO REPAIR, GARAGE
$785,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +100% · Conversion: Moderate
WAREHOUSE, STORAGE
$545,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$495,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$50 / 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
$992,294
Tax year 2022
Assessed value
$39,236,366
Assessed 2024
Previous assessed
$49,250,000
-20.3% YoY
Effective rate
2.53%
On assessed value
Assessed land
$4,991,976
Assessed improvement
$34,244,390
Land market value
$4,991,976
Improvement market value
$34,244,390
Total market value
$39,236,366
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
46
Stories
2
Rooms
1
Bathrooms
1
Total area
11,178 SF
Lot
14.33 ac (623,997 SF)
APN
1049280000031
UPID
US82-3199128
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$355,000
AUTO REPAIR, GARAGE
Est. value
$785,000
MEDICAL BUILDING
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$545,000
RETAIL STORES
Est. value
$495,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
46
Rooms
1
Bathrooms
1
Lot
14.33 ac
Current owner
From public records · entity-resolved
Tbb Crescent Park Drive LLC
Entity
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 4, 2024
$41,706,132
Tbb Crescent Park Drive LLC
Aubrey 436 Holdings LLC
Foreclosure
related
—
Oct 11, 2021
—
Aubrey 436 Holdings LLC
Avalon LP
Special Warranty Deed
$39,400,000 · The Bancorp Bank
Oct 2, 2019
—
S2 Avalon LP
—
Deed
related
—
Nov 8, 2017
—
S2 Avalon LP
Avalon 436 Units Prop Owner Ll
Quit Claim Deed
related
$26,900,000 · Rcc R/e
Sep 20, 2016
—
Avalon 436 Units Prop Owner Ll
Rosewood Ventu
Grant Deed
$20,000,000 · Greystone Svcg
—
—
Tx Crescent2012 LLC
—
Deed Of Trust
related
$13,650,000 · Pillar Multifamily LLC
—
—
Tx Crescent2012 LLC
—
Deed Of Trust
related
$13,650,000 · Pillar Multifamily LLC
—
—
S2 Avalon LP
—
Deed Of Trust
related
—
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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