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Property profile & analytics
OFF-MARKET
Estimated value
$4,955,000
High-rise multifamily apartments
3255 Las Palmas St 325 Houston, TX 77027-5774
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-6387466
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2013
Construction
BRICK
Total area
313,433 SF
Lot
2.88 ac (125,305 SF)
APN
1164320010001
UPID
US82-6387466
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
-
Aria at Willowick Park Apartment Complex
-
Texas Yoga Association Association / Organization
-
Camden Highland Village Apartment Building
-
FOX Corporate Housing Vacation Rental
-
SuperPro Home Services - Chimney, Air Duct, Garage Door, Roofing, Gutter, Dryer Vent, Insulation, Home Sidings General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.96M
Owner & transaction history
Camden Property Trust · 6 yrs held
Camden Property Trust
since 2019
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
$16 / 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
$1,550,931
Tax year 2022
Assessed value
$66,477,381
Assessed 2024
Previous assessed
$76,976,478
-13.6% YoY
Effective rate
2.33%
On assessed value
Assessed land
$10,650,925
Assessed improvement
$55,826,456
Land market value
$10,650,925
Improvement market value
$55,826,456
Total market value
$66,477,381
Applied tax rate
1.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2013
Construction
BRICK
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
313,433 SF
Lot
2.88 ac (125,305 SF)
APN
1164320010001
UPID
US82-6387466
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
2013
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Lot
2.88 ac
Current owner
From public records · entity-resolved
Camden Property Trust
Trust
Free & Clear · 6 yrs held
Mailing address
11 GREENWAY PLZ STE #2400, HOUSTON, TX 77046-1124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 19, 2019
—
Camden Property Trust
Willowick Venture Ltd
Grant Deed
related
—
Nov 14, 2016
—
Willowick Venture Ltd
—
Deed
related
$92,000,000 · Cbre Multifamily Cap
Nov 16, 2012
—
Willowick Land Venture Ltd
Willowick Venture Ltd
Quit Claim Deed
related
$99,900,000 · Jp Morgan Chase Bk
Sep 9, 2011
—
Willowick Venture Ltd
Willowick Place At Riv Oaks LP
Quit Claim Deed
related
$19,000,000 · Jp Morgan Chase Bk
—
—
Willowick Land Venture Ltd
—
Loan Modification
related
$130,000 · Jp Morgan Chase Bk
—
—
Willowick Venture Ltd
—
Deed Of Trust
related
$92,000,000 · Cbre Multifamily Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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