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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Garden apartment buildings
316 2nd St 89, La Porte, TX 77571-5131
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1924046
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
BRICK
Total area
4,608 SF
Lot
2.44 ac (106,400 SF)
APN
232050820001
UPID
US82-1924046
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$334k
Blend (final)
Blend
$510k
Owner & transaction history
Apo Gateway LLC · 4 yrs held
Apo Gateway LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+252.9%
Auto repair, garage
$460,000
+96.2%
Retail stores
$360,000
+53.9%
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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Change: +253% · Conversion: Moderate
AUTO REPAIR, GARAGE
$460,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$360,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$111 / 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
$37,865
Tax year 2022
Assessed value
$5,135,875
Assessed 2024
Previous assessed
$5,557,835
-7.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$532,000
Assessed improvement
$4,603,875
Land market value
$532,000
Improvement market value
$4,603,875
Total market value
$5,135,875
Applied tax rate
20.0000
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
11
Stories
2
Rooms
1
Bathrooms
1
Total area
4,608 SF
Lot
2.44 ac (106,400 SF)
APN
232050820001
UPID
US82-1924046
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
COMMERCIAL (GENERAL)
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$460,000
RETAIL STORES
Est. value
$360,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
11
Rooms
1
Bathrooms
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Apo Gateway LLC
Entity
Mailing address
5850 SAN FELIPE ST STE #500, HOUSTON, TX 77057-8003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Apo Gateway LLC
Brotamonte Asset 1 LLC
Venders Lien
$5,191,000 · Arbor Agency Lending LLC
Aug 7, 2015
—
Brotamonte Asset 1 LLC
Lnc Sylvan Beach LLC
Grant Deed
related
$2,862,000 · B & E Apartments
Apr 29, 2014
—
Lnc Sylvan Beach LLC
Plainscapital Bk
Grant Deed
$1,638,525 · Integrity Bank
Sep 5, 2013
—
Natl Bk First
Smith L David
Trustees Deed
related
—
Jun 20, 2013
—
A F Properties LLC
Armet,james
Grant Deed
related
—
Nov 6, 2009
—
James Armet
First Natl Bk
Grant Deed
$1,661,800 · First National Bank
Oct 9, 2009
$1,022,000
Natl Bk First
Tormey Mark J
Trustees Deed
related
—
Dec 13, 2006
$1,065,000
Sla Investments
Commissioner Of Harris Couny
Trustees Deed
$550,000 · Jle Investors INC
May 1, 2006
—
Patricia Moore
Green Oaks Community Dev Corp
Warranty Deed
—
Apr 16, 1999
—
Green Paks Port Ltd
Arete Real Estate & Dev
Grant Deed
$700,000 · Laredo National Bank
—
—
Sla Investments
—
Deed Of Trust
related
$985,000 · Us Small Business Admn
—
—
Sla Investments
—
Deed Of Trust
related
$1,000,000 · First National Bank
—
—
Sla Investments
—
Deed Of Trust
related
$985,496 · First National Bank
—
—
Sla Investments
—
Deed Of Trust
related
$1,000,000 · First National Bank
—
—
James Armet
—
Deed Of Trust
related
$6,500,000 · First National Bank
—
—
Brotamonte Asset 1 LLC
—
Deed Of Trust
related
$3,870,000 · Sabal Capital LLC Sabal Capital LLC
—
—
Sla Investments
—
Deed Of Trust
related
$1,000,000 · First National Bank
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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