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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Garden apartment buildings
2701 Pasadena Blvd 120 Pasadena, TX 77502-3272
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2101515
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Construction
BRICK
Total area
14,468 SF
Lot
7.22 ac (314,460 SF)
APN
572180000039
UPID
US82-2101515
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
-
Las Brisas Apartments Apartment Building
-
Jasmine Park Apartments Apartment Building Apartment Complex
-
Z Pressure Washing Services Hardware & Home Improvement
-
YottaReal Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$875k
Owner & transaction history
Pedda Chandra Corp · 27 yrs held
Pedda Chandra Corp
since 1999
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+58.1%
Medical building
$1.1M
+18.8%
Retail stores
$1.0M
+14.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$885,000
Current use
AUTO REPAIR, GARAGE
$1,400,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$1,055,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$1,015,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,010,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$870,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$60 / 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
$97,164
Tax year 2022
Assessed value
$7,645,783
Assessed 2024
Previous assessed
$8,547,148
-10.5% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,138,328
Assessed improvement
$5,507,455
Land market value
$2,138,328
Improvement market value
$5,507,455
Total market value
$7,645,783
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
2
Rooms
1
Bathrooms
8
Total area
14,468 SF
Lot
7.22 ac (314,460 SF)
APN
572180000039
UPID
US82-2101515
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
$885,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
8
Rooms
1
Bathrooms
8
Lot
7.22 ac
Current owner
From public records · entity-resolved
Pedda Chandra Corp
Entity
Mailing address
4420 CYPRESS CRK PKWY STE #224, HOUSTON, TX 77068-3411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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
Jun 26, 2019
—
Pedda Chandra Corp
—
Deed
related
$6,825,000 · Hunt Mtg Cap LLC
Jul 20, 1999
—
Pedda Chandra Corp
Wmfmt Real Estate LP
Grant Deed
$1,800,000 · Woodforest National Bank
Jun 9, 1997
—
Wmfmt Real Estate LP
—
Deed Of Trust
related
—
Jan 7, 1997
$1,574,761
Wmfmt Real Estate LP
Las Brisas Ltd
Trustees Deed
—
—
—
Pedda Chandra Corp
—
Deed Of Trust
related
$6,825,000 · Hunt Mtg Cap LLC
—
—
Pedda Chandra Corp
—
Deed Of Trust
related
$2,200,000 · Lonestar Investments Jv
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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