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Property profile & analytics
OFF-MARKET
Garden apartment buildings
3131 Hayes Rd 312 Houston, TX 77082-2661
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3496188
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Construction
BRICK
Total area
10,832 SF
Lot
10.47 ac (456,139 SF)
APN
1144110050002
UPID
US83-3496188
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
-
Grabber Building Supply Industrial Manufacturer
-
The Hudson at Westchase Apartment Complex Apartment Rental Agency
-
Trailside Park Park
-
Kreative Kreationz braiding Hair Salon
-
Foxcitytowingservices Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mediterra LLC · 16 yrs held
Mediterra LLC
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$269,753
Tax year 2022
Assessed value
$20,172,600
Assessed 2024
Previous assessed
$21,640,604
-6.8% YoY
Effective rate
1.34%
On assessed value
Assessed land
$9,122,760
Assessed improvement
$11,049,840
Land market value
$9,122,760
Improvement market value
$11,049,840
Total market value
$20,172,600
Applied tax rate
8.0000
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
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
22
Stories
2
Rooms
4
Bathrooms
1
Total area
10,832 SF
Lot
10.47 ac (456,139 SF)
APN
1144110050002
UPID
US83-3496188
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
Building & site characteristics
From public records
Year built
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
22
Rooms
4
Bathrooms
1
Lot
10.47 ac
Current owner
From public records · entity-resolved
Mediterra LLC
Entity
Mailing address
2909 HAYES RD, HOUSTON, TX 77082-2605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Jul 21, 2016
—
Fpa4 Mediterra LLC
—
Deed
related
$18,380,000 · Berkadia Com'l Mtg
Aug 4, 2009
—
Mediterra LLC
3131 Hayes LLC
Grant Deed
$7,125,000 · Northmarq Capital INC
Nov 9, 2007
—
3131 Hayes LLC
Wdop Sub I
Grant Deed
related
—
Mar 1, 2000
—
Wdop Sub I LP
Walden/drever Operating Ptshp
Grant Deed
related
—
—
—
Fpa4 Mediterra LLC
—
Deed Of Trust
related
$18,380,000 · Berkadia Com'l Mtg
—
—
Mosaic Venture X-mw LP
—
Deed Of Trust
related
$2,000,000 · Northmarq Capital 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.
Try Rey
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