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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Garden apartment buildings
300 Vis Dr 296 Houston, TX 77073-5211
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1598011
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
WOOD FRAME
Total area
18,676 SF
Lot
8.46 ac (368,361 SF)
APN
1148360000210
UPID
US82-1598011
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
-
R & R construction and renovations Construction Company
-
La Esencia Apartment Complex
-
Apache Springs Apartments Apartment Building
-
Third Eye Tattoo Studio Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.82M
Owner & transaction history
Aldo Novoa · 3 yrs held
Aldo Novoa
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+107.6%
Restaurant
$1.9M
+61.7%
Auto repair, garage
$1.5M
+26.4%
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 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)
$1,170,000
Current use
COMMERCIAL (GENERAL)
$2,425,000
Change: +108% · Conversion: Moderate
RESTAURANT
$1,890,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,475,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,300,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$1,190,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±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
$97 / 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
$145,764
Tax year 2022
Assessed value
$17,471,886
Assessed 2024
Previous assessed
$18,998,485
-8.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,946,888
Assessed improvement
$14,524,998
Land market value
$2,946,888
Improvement market value
$14,524,998
Total market value
$17,471,886
Applied tax rate
24.0000
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
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
21
Stories
2
Rooms
1
Bathrooms
2
Total area
18,676 SF
Lot
8.46 ac (368,361 SF)
APN
1148360000210
UPID
US82-1598011
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
21
Rooms
1
Bathrooms
2
Lot
8.46 ac
Current owner
From public records · entity-resolved
Aldo Novoa
Individual
Free & Clear · 3 yrs held
Mailing address
3029 TURNSTONE TRCE, SPRING HILL, TN 37174-4109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 3, 2022
—
Aldo Novoa
Texas Esencia 2019 LLC
Special Warranty Deed
—
Sep 4, 2019
—
Texas Esencia 2019 LLC
Amg La Esencia LLC
Trustees Deed
$14,500,000 · Arbor Realty SR
May 11, 2017
—
Amg La Esencia LLC
300 United LLC
Special Warranty Deed
—
Dec 20, 2013
—
300 United LLC
Rre Apache Holdings LLC
Grant Deed
$6,640,000 · Arbor Realty SR
Jan 29, 2010
—
Rre Apache Holdings LLC
2001-ck1 Apache Acquisition LP
Grant Deed
related
—
Nov 21, 1997
—
Ij Portfolio LP Alliance
Vista Apache LP
Grant Deed
$5,402,961 · Lehman Capital Corp
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.
Try Rey
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