Entity Owned Property summary
AI-generated overview
This exceptional multifamily investment opportunity in Porter, Texas, presents 136 units across 15 buildings, boasting a remarkable 95% occupancy rate. Built in phases between 1984 and 2000, this complex comprises a mix of one- and two-bedroom apartments ranging from 624 to 886 square feet. The property sits on a 7.24-acre lot and features three on-site laundry facilities and a recreation center for residents. Individual utility metering is in place, with services provided by Porter MUD and Porter SUD. Located within the highly sought-after New Caney ISD, the complex enjoys convenient access to major thoroughfares, including easy access to Loop 494, I-69 (Hwy 59), and FM 1314, with Hwy 99 (Grand Pkwy) within three miles. Commuting is simplified by its proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 17 minutes away. Nearby amenities include Valley Ranch Town Center, Northpark Marketplace, and the Grand Texas Entertainment District, offering residents a wealth of shopping, dining, and entertainment options. The property is being sold "As Is Where Is." Appointments are required for viewing.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
6,126 SF
Lot
1.16 ac (50,617 SF)
Zoning code
5
APN
9509-00-08500
UPID
US83-2376331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Complex Apartment Building
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
Zoning & alternative use
5 · Porter, TX
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Estimated value / SF
$55 / SF
Confidence
Property data
88
Comparable evidence
60
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,126 SF
Lot area
1.16 ac
Year built
1984
APN
9509-00-08500
Zoning
5
Assessed value
$424,692
Annual tax
$5,669
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$425k
Move the market yield to see immediate price impact.
Value / SF
$69
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$27k
$535k
$382k
$297k
$30k
$595k
$425k
$330k
$33k
$654k
$467k
$363k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,669
Tax year 2024
Assessed value
$424,692
Assessed 2024
Previous assessed
$246,720
+72.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$202,468
Assessed improvement
$222,224
Land market value
$202,468
Improvement market value
$222,224
Total market value
$424,692
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Bathrooms
4
Total area
6,126 SF
Lot
1.16 ac (50,617 SF)
Zoning code
5
APN
9509-00-08500
UPID
US83-2376331
Jurisdiction
MONTGOMERY
Zoning & alternative use
5 · Porter, TXZoning 5 · permitted uses
5 · Porter, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Bathrooms
4
Lot
1.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
5
Jurisdiction
Porter, TX
Recorded code
5
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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