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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Garden apartment buildings
2700 Ward Rd 290 Baytown, TX 77520-3998
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3140819
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
FRAME
Total area
8,154 SF
Lot
19.1 ac (832,118 SF)
APN
410250010275
UPID
US82-3140819
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
-
Wolf Recovery Systems, Inc Security Service
-
KO Concrete Construction Company General Contractor
-
Watermark at Baytown Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$840k
Owner & transaction history
2016 Baytown Ward Road LLC · 10 yrs held
2016 Baytown Ward Road LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+129.1%
Industrial (general)
$995,000
+69.4%
Auto repair, garage
$860,000
+45.8%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$590,000
Current use
COMMERCIAL (GENERAL)
$1,350,000
Change: +129% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$995,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$860,000
Change: +46% · Conversion: Difficult
RESTAURANT
$850,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$760,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$103 / 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
$100,377
Tax year 2022
Assessed value
$15,307,560
Assessed 2024
Previous assessed
$18,758,992
-18.4% YoY
Effective rate
0.66%
On assessed value
Assessed land
$2,080,295
Assessed improvement
$13,227,265
Land market value
$2,080,295
Improvement market value
$13,227,265
Total market value
$15,307,560
Applied tax rate
16.0000
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
21
Stories
2
Rooms
5
Bathrooms
1
Total area
8,154 SF
Lot
19.1 ac (832,118 SF)
APN
410250010275
UPID
US82-3140819
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
$590,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES
Est. value
$860,000
RESTAURANT
Est. value
$850,000
MEDICAL BUILDING
Est. value
$810,000
OFFICE BUILDING
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
21
Rooms
5
Bathrooms
1
Lot
19.1 ac
Current owner
From public records · entity-resolved
2016 Baytown Ward Road LLC
Entity
Mailing address
1108 LAVACA ST #110348, AUSTIN, TX 78701-2172
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 19, 2018
—
2016 Baytown Ward Road LLC
—
Deed
related
$12,382,000 · Keybank USA
Feb 8, 2016
—
2016 Baytown Ward Road LLC
Mosaic Marina LP
Grant Deed
$11,575,000 · Iberiabank
Dec 8, 2010
—
Jaw Boardwalk Of Baytown LLC
—
Deed Of Trust
related
$7,000,000 · Arbor Realty SR INC
—
—
2016 Baytown Ward Road LLC
—
Deed Of Trust
related
$12,382,000 · Keybank USA
—
—
Jaw Breckenridge Court LLC
—
Deed Of Trust
related
$9,471,765 · Arbor Realty SR 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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