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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Garden apartment buildings
3201 Red Blf Rd 138 Pasadena, TX 77503-2630
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2093727
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1961
Construction
BRICK
Total area
7,852 SF
Lot
3.59 ac (156,424 SF)
APN
855970000235
UPID
US82-2093727
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
-
Fieldstone Apartments Apartment Building
-
Quality Flooring & Remodel Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$715k
Owner & transaction history
Pasadena 22 Twins LLC · 4 yrs held
Pasadena 22 Twins LLC
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+136.5%
Auto repair, garage
$800,000
+71.3%
Restaurant
$670,000
+43.7%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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)
$465,000
Current use
COMMERCIAL (GENERAL)
$1,105,000
Change: +137% · Conversion: Moderate
AUTO REPAIR, GARAGE
$800,000
Change: +71% · Conversion: Difficult
RESTAURANT
$670,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$570,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$475,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$91 / 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
$114,852
Tax year 2022
Assessed value
$10,001,024
Assessed 2024
Previous assessed
$10,001,024
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,251,392
Assessed improvement
$8,749,632
Land market value
$1,251,392
Improvement market value
$8,749,632
Total market value
$10,001,024
Applied tax rate
21.0000
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
1961
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
2
Rooms
2
Bathrooms
1
Total area
7,852 SF
Lot
3.59 ac (156,424 SF)
APN
855970000235
UPID
US82-2093727
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
$465,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$800,000
RESTAURANT
Est. value
$670,000
RETAIL STORES
Est. value
$595,000
MEDICAL BUILDING
Est. value
$570,000
OFFICE BUILDING
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1961
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
12
Rooms
2
Bathrooms
1
Lot
3.59 ac
Current owner
From public records · entity-resolved
Pasadena 22 Twins LLC
Entity
Mailing address
106 E 6TH ST STE #900, AUSTIN, TX 78701-3665
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
Pasadena 22 Twins LLC
C&w Management LLC
Special Warranty Deed
$15,400,000 · Arbor Realty SR INC
Jul 12, 2021
—
C&w Management LLC
Gary Brummer
Special Warranty Deed
$16,869,396 · Gary Brummer Etux
Sep 23, 2020
—
Gary Brummer
Cpec Exchange 43843 LLC
Grant Deed
related
—
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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