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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Garden apartment buildings
3400 Shady Hl Dr 1 Baytown, TX 77521-3601
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2722671
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
BRICK
Total area
11,880 SF
Lot
9.59 ac (417,736 SF)
APN
1030400000002
UPID
US83-2722671
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
-
The Park At Sorrento Apartment Homes Apartment Complex
-
Cypress Bend Apartments Apartment Building
-
MRS GEORGE BRAIDS Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$849k
Blend (final)
Blend
$875k
Owner & transaction history
Cp 3400 Baytown LLC · 8 yrs held
Cp 3400 Baytown LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+113.7%
Medical building
$1.2M
+80.8%
Restaurant
$900,000
+35.5%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
INDUSTRIAL (GENERAL)
$1,420,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$1,200,000
Change: +81% · Conversion: Moderate
RESTAURANT
$900,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$675,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$74 / 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
$68,076
Tax year 2022
Assessed value
$11,319,462
Assessed 2024
Previous assessed
$12,722,401
-11.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,291,432
Assessed improvement
$10,028,030
Land market value
$1,291,432
Improvement market value
$10,028,030
Total market value
$11,319,462
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
1976
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
18
Stories
2
Rooms
1
Bathrooms
6
Total area
11,880 SF
Lot
9.59 ac (417,736 SF)
APN
1030400000002
UPID
US83-2722671
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
$665,000
INDUSTRIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$900,000
OFFICE BUILDING
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1976
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
18
Rooms
1
Bathrooms
6
Lot
9.59 ac
Current owner
From public records · entity-resolved
Cp 3400 Baytown LLC
Entity
Mailing address
3917 RIGA BLVD, TAMPA, FL 33619-1345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
—
Cp 3400 Baytown LLC
Shady Hill LP
Grant Deed
$9,450,000 · Jones Lang Lasalle Multifamily
Jun 14, 2016
—
3400 Shady Hill LP
—
Deed
related
$6,900,000 · Arbor Com'l Fndg
Jun 4, 2013
—
3400 Shady Hill LP
Bt Cypress Holdings LLC
Venders Lien
$4,975,000 · Happy State Bank
—
—
3400 Shady Hill LP
—
Deed Of Trust
related
$6,900,000 · Arbor Com'l Fndg
—
—
Gbl Cypress Bend Ltd
—
Deed Of Trust
related
$3,593,627 · Audley Properties Ltd
—
—
Bt Cypress Holdings LLC
—
Deed Of Trust
related
$3,685,000 · Green Bank
—
—
Gbl Cypress Bend Ltd
—
Deed Of Trust
related
$818,610 · Charles F Thomas
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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