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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Garden apartment buildings
2900 Baker Rd 276 Baytown, TX 77521-2060
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0814146
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Construction
FRAME
Total area
14,086 SF
Lot
12.44 ac (541,834 SF)
APN
451440010004
UPID
US82-0814146
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
-
Cedar Ridge Apartment Complex
-
Mariana's Cleaning Solution LLC Hardware & Home Improvement
-
Prospecting Legends Department Store
-
Diamond Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$945k
Owner & transaction history
Rockstar Cedar Ridge LLC · 10 yrs held
Rockstar Cedar Ridge LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+80.8%
Restaurant
$1.1M
+35.5%
Office building
$855,000
+8.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
MEDICAL BUILDING
$1,425,000
Change: +81% · Conversion: Moderate
RESTAURANT
$1,070,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$800,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$795,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$67 / 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
$130,052
Tax year 2022
Assessed value
$21,060,727
Assessed 2024
Previous assessed
$24,304,731
-13.3% YoY
Effective rate
0.62%
On assessed value
Assessed land
$2,167,328
Assessed improvement
$18,893,399
Land market value
$2,167,328
Improvement market value
$18,893,399
Total market value
$21,060,727
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
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
26
Stories
2
Rooms
1
Bathrooms
1
Total area
14,086 SF
Lot
12.44 ac (541,834 SF)
APN
451440010004
UPID
US82-0814146
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
$790,000
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
26
Rooms
1
Bathrooms
1
Lot
12.44 ac
Current owner
From public records · entity-resolved
Rockstar Cedar Ridge LLC
Entity
Mailing address
600 N SHEPHERD DR STE #200, HOUSTON, TX 77007-1326
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
Jun 10, 2016
—
Rockstar Cedar Ridge LLC
Sunstone Cedar Ridge Apartment
Grant Deed
$15,525,000 · Berkeley Point Cap
May 5, 2016
—
Sunstone Cedar Ridge Apartment
—
Trustees Deed
related
$600,000 · Wells Fargo Bk
Aug 29, 2014
—
Sunstone Cedar Ridge Apartment
Veard-baytown LP
Trustees Deed
$10,500,000 · Wells Fargo Bk
Nov 1, 1996
—
Veard-baytown LP
Cedar Ridge Partners LP
Grant Deed
$5,400,000 · Mitchell Mortgage Co
—
—
Veard-baytown
—
Deed Of Trust
related
$6,166,000 · Not Available Not Available
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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