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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Garden apartment buildings
301 Tri City Bch Rd 44 Baytown, TX 77520-7323
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2028214
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
BRICK
Total area
10,150 SF
Lot
2 ac (87,120 SF)
APN
410210010014
UPID
US82-2028214
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
-
Kimisha Jones Apartment Building
-
Theresa Drive2U Baytown Notary Services Home Decor Store Department Store
-
Forest View Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.03M
Owner & transaction history
Roco-forest View LLC · 9 yrs held
Roco-forest View LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+129.1%
Industrial (general)
$1.2M
+69.4%
Auto repair, garage
$1.1M
+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%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$735,000
Current use
COMMERCIAL (GENERAL)
$1,680,000
Change: +129% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,240,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,070,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,070,000
Change: +46% · Conversion: Difficult
RESTAURANT
$1,060,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,010,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$945,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$101 / 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
$13,720
Tax year 2022
Assessed value
$2,631,192
Assessed 2024
Previous assessed
$2,564,074
+2.6% YoY
Effective rate
0.52%
On assessed value
Assessed land
$217,800
Assessed improvement
$2,413,392
Land market value
$217,800
Improvement market value
$2,413,392
Total market value
$2,631,192
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
1965
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
2
Rooms
1
Bathrooms
3
Total area
10,150 SF
Lot
2 ac (87,120 SF)
APN
410210010014
UPID
US82-2028214
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
$735,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$945,000
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
1965
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Rooms
1
Bathrooms
3
Lot
2 ac
Current owner
From public records · entity-resolved
Roco-forest View LLC
Entity
Mailing address
26711 NORTHWESTERN HWY STE #150, SOUTHFIELD, MI 48033-2150
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
Nov 6, 2017
—
Roco-forest View LLC
—
Loan Modification
related
$200,000,000 · Federal Hm Ln Mtg
Mar 3, 2017
—
Roco-forest View LLC
—
Loan Modification
related
$175,000,000 · Federal Hm Ln Mtg
Sep 30, 2016
—
Roco-forest View LLC
Forest View United LLC
Quit Claim Deed
related
$100,000,000 · Federal Hm Ln Mtg
Nov 23, 2010
—
Real Forest View Apartments Ll
Forest View LLC
Quit Claim Deed
related
$945,000 · Frost National Bank
—
—
Roco-forest View LLC
—
Loan Modification
related
$102,815,954 · Federal Hm Ln Mtg
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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