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Property profile & analytics
OFF-MARKET
Apartment buildings
2607 Perez Rd 4 Pasadena, TX 77502-4666
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0815519
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
FRAME
Total area
3,861 SF
Lot
0.16 ac (7,148 SF)
APN
923420000017
UPID
US82-0815519
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
Emilio Zarate · 24 yrs held
Emilio Zarate
since 2002
5 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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$2,512
Tax year 2022
Assessed value
$259,266
Assessed 2024
Previous assessed
$221,000
+17.3% YoY
Effective rate
0.97%
On assessed value
Assessed land
$42,888
Assessed improvement
$216,378
Land market value
$42,888
Improvement market value
$216,378
Total market value
$259,266
Applied tax rate
21.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Rooms
1
Bathrooms
1
Total area
3,861 SF
Lot
0.16 ac (7,148 SF)
APN
923420000017
UPID
US82-0815519
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
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Emilio Zarate
Individual
Mailing address
1312 DANDRIDGE AVE, PASADENA, TX 77502-4307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2002
—
Emilio Zarate
Aigedion,macpherson & Evelyn
Grant Deed
$92,250 · Principal Residential Mtg
Nov 17, 1997
—
Macpherson Aigbedian
Chaudier,brenda L
Grant Deed
$592,500 · New Century Mortgage
—
—
Emilio Zarate
—
Deed Of Trust
related
$66,400 · C U Members Mortgage
—
—
Macpherson Algbedion
—
Deed Of Trust
related
$65,800 · New Century Mortgage
—
—
Emilio Zarate
—
Deed Of Trust
related
$37,679 · C U Members Mortgage
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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