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Property profile & analytics
OFF-MARKET
Estimated value
$380,000
Garden apartment buildings
2415 Creektrail Ln Richmond, TX 77406-2982
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-1419365
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Total area
1,120 SF
Lot
0.94 ac (41,164 SF)
APN
9303-01-001-0350-901
UPID
US82-1419365
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
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$380k
Owner & transaction history
Matthew L Jeter · 9 yrs held
Matthew L Jeter
since 2017
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$380k
Range $342k – $418k · ±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
$339 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,780
Tax year 2023
Assessed value
$727,972
Assessed 2024
Previous assessed
$661,793
+10.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$110,094
Assessed improvement
$819,413
Land market value
$110,094
Improvement market value
$819,413
Total market value
$929,507
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
2007
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
1,120 SF
Lot
0.94 ac (41,164 SF)
APN
9303-01-001-0350-901
UPID
US82-1419365
Jurisdiction
FORT BEND
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
2007
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.94 ac
Current owner
From public records · entity-resolved
Matthew L Jeter
Individual
Mailing address
2415 CREEKTRAIL LN, RICHMOND, TX 77406-2982
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Oct 28, 2020
—
Matthew L Jeter
—
Deed
related
$393,900 · Grazak Food Svcs INC
Aug 1, 2019
—
Matthew L Jeter
—
Deed
related
$119,533 · Amerant Bk NA
Feb 2, 2017
—
Matthew L Jeter
William D Stahl
Warranty Deed
$422,000 · Prospect Mortgage LLC
May 3, 2012
—
National Resid Nominee Svcs In
Frohock,dale & Gabrielle Z
Warranty Deed
$224,500 · Wells Fargo Bank NA
Apr 30, 2010
—
Dale Frohock
Texas Classic Builder LP
Venders Lien
$417,000 · Network Funding LP
Aug 6, 2007
—
Texas Classic Builders
Westcreek Partners Ltd
Warranty Deed
$787,900 · Amegy Mortgage Co LLC
—
—
Matthew L Jeter
—
Deed Of Trust
related
$119,533 · Amerant Bk NA
—
—
Matthew L Jeter
—
Deed Of Trust
related
$393,900 · Grazak Food Svcs INC
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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