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Property profile & analytics
OFF-MARKET
Investment properties
2329 Ella Blvd Houston, TX 77008-2707
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3743493
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Construction
FRAME
Total area
2,163 SF
Lot
0.2 ac (8,520 SF)
APN
561650000466
UPID
US83-3743493
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lazy River Properties LLC · 11 yrs held
Lazy River Properties LLC
since 2015
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,310
Tax year 2022
Assessed value
$563,149
Assessed 2024
Previous assessed
$610,964
-7.8% YoY
Effective rate
2.19%
On assessed value
Assessed land
$468,600
Assessed improvement
$94,549
Land market value
$468,600
Improvement market value
$94,549
Total market value
$563,149
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
5
Bathrooms
2
Total area
2,163 SF
Lot
0.2 ac (8,520 SF)
APN
561650000466
UPID
US83-3743493
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
1945
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Lazy River Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2245 TEXAS DR STE #300, SUGAR LAND, TX 77479-1468
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2015
—
Lazy River Properties LLC
Sibrian Hilda L
Grant Deed
related
—
Mar 10, 2011
—
Christopher M Gray
Troung,dieu-ly
Warranty Deed
$228,000 · Wells Fargo Bank
Aug 11, 2003
—
Deiu-ly Troung
Schusterman,mark A & Barbara C
Grant Deed
related
—
May 18, 2001
—
Mark A Schusterman
Bayliwix INC
Grant Deed
$275,000 · Wells Fargo Bank Texas NA
Jan 23, 1998
—
Bayliwix INC
Experience Hawaii INC
Grant Deed
related
—
—
—
Mark A Schusterman
—
Deed Of Trust
related
$270,000 · Wells Fargo Bank Texas NA
—
—
Mark A Schusterman
—
Deed Of Trust
related
$270,000 · Wells Fargo Fin'l Texas INC
—
—
Mark A Schusterman
—
Deed Of Trust
related
$204,000 · Wells Fargo Bank Texas NA
—
—
Dieu-ly Truong
—
Deed Of Trust
related
$170,500 · Commonwealth United Mtg Co
—
—
Dieu-ly Truong
—
Deed Of Trust
related
$166,500 · First Franklin Financial Corp
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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