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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Garden apartment buildings
2424 Voss Rd 810 Houston, TX 77057-4102
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2549186
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
WOOD FRAME
Total area
26,367 SF
Lot
19.81 ac (863,072 SF)
APN
1032060000002
UPID
US82-2549186
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
-
MoneyGram Bank Credit Union
-
Binocular Affairs Private Investigation Law Firm Security Service
-
The Park at Voss Apartment Complex
-
Park at Voss Apartment Complex Apartment Building
-
massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.01M
Owner & transaction history
2424 Voss LLC · 12 yrs held
2424 Voss LLC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+62.2%
Retail stores
$1.3M
+44.5%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$910,000
Current use
WAREHOUSE, STORAGE
$1,480,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$1,315,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$38 / 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
$1,654,272
Tax year 2022
Assessed value
$63,000,000
Assessed 2024
Previous assessed
$82,105,571
-23.3% YoY
Effective rate
2.63%
On assessed value
Assessed land
$12,946,080
Assessed improvement
$50,053,920
Land market value
$12,946,080
Improvement market value
$50,053,920
Total market value
$63,000,000
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
1971
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
28
Stories
3
Rooms
1
Bathrooms
5
Total area
26,367 SF
Lot
19.81 ac (863,072 SF)
APN
1032060000002
UPID
US82-2549186
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
$910,000
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1971
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
28
Rooms
1
Bathrooms
5
Lot
19.81 ac
Current owner
From public records · entity-resolved
2424 Voss LLC
Entity
Mailing address
11422 JONSTONE PAISLEY CT #905, RICHMOND, TX 77407-2178
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
2424 Voss LLC
—
Deed
related
$5,250,000 · Northmarq Cap Fin
Sep 15, 2017
—
2424 Voss LLC
—
Deed
related
$6,965,000 · Northmarq Cap Fin
Nov 22, 2013
—
2424 Voss LLC
At Voss Apartments LP Park
Warranty Deed
$36,500,000 · Amerisphere Multifamily Fin Ll
—
—
2424 Voss LLC
—
Deed Of Trust
related
$5,250,000 · Northmarq Cap Fin
—
—
At Voss Apartments LP Park
—
Deed Of Trust
related
$24,000,000 · Bank Of America
—
—
2424 Voss LLC
—
Deed Of Trust
related
$6,965,000 · Northmarq Cap Fin
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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