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Property profile & analytics
OFF-MARKET
Estimated value
$37,380,000
High-rise multifamily apartments
2455 Dunstan Rd 379 Houston, TX 77005-2305
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6511336
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2011
Construction
BRICK
Total area
443,194 SF
Lot
4.69 ac (204,427 SF)
APN
1303110010001
UPID
US82-6511336
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
-
The Travel Butler Travel Agency
-
Blink Charging Station Electric Vehicle Charging Station
-
Purple Songs Can Fly Charitable Organization Social Service Agency
-
why dwell living Real Estate Agency
-
Hanover Rice Village Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.01M
Blend (final)
Blend
$37.38M
Owner & transaction history
Rv Apartments LLC · 15 yrs held
Rv Apartments LLC
since 2011
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$61.1M
+134.9%
Restaurant
$44.8M
+72.1%
Auto repair, garage
$41.4M
+58.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,030,000
Current use
COMMERCIAL (GENERAL)
$61,140,000
Change: +135% · Conversion: Moderate
RESTAURANT
$44,800,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$41,365,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$34,815,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$28,285,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$22,910,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$37.38M
Range $33.64M – $41.12M · ±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
$84 / 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
$2,301,501
Tax year 2022
Assessed value
$132,250,802
Assessed 2024
Previous assessed
$114,229,146
+15.8% YoY
Effective rate
1.74%
On assessed value
Assessed land
$22,486,970
Assessed improvement
$109,763,832
Land market value
$22,486,970
Improvement market value
$109,763,832
Total market value
$132,250,802
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2011
Construction
BRICK
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
6
Total area
443,194 SF
Lot
4.69 ac (204,427 SF)
APN
1303110010001
UPID
US82-6511336
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
$26.0M
COMMERCIAL (GENERAL)
Est. value
$61.1M
RESTAURANT
Est. value
$44.8M
AUTO REPAIR, GARAGE
Est. value
$41.4M
RETAIL STORES
Est. value
$34.8M
MEDICAL BUILDING
Est. value
$28.3M
OFFICE BUILDING
Est. value
$22.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2011
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
6
Buildings
4
Lot
4.69 ac
Current owner
From public records · entity-resolved
Rv Apartments LLC
Entity
Mailing address
1780 S POST OAK LN, HOUSTON, TX 77056-3748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2017
—
Rv Apartments LLC
—
Deed
related
$90,240,000 · Pnc Bk
Jul 15, 2011
—
Rv Apartments LLC
Lamesa Village Ltd
Grant Deed
$51,038,357 · Pacific Life Insurance Co
—
—
Rv Apartments LLC
—
Deed Of Trust
related
$90,240,000 · Pnc Bk
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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