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Property profile & analytics
OFF-MARKET
Garden apartment buildings
3402 Preston Ave 252 Pasadena, TX 77505-2000
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0352834
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
4,640 SF
Lot
10.84 ac (472,199 SF)
APN
342010000039
UPID
US82-0352834
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
-
Big Red Box Custom Hats Custom T-Shirt Store
-
Willow Springs Apartments Real Estate Agency
-
Salinas Cleaning Hardware & Home Improvement
-
Property Solutions Real Estate Agency
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
Ws Pasadena Partners LLC · 7 yrs held
Ws Pasadena Partners LLC
since 2018
7 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 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
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
$345,829
Tax year 2022
Assessed value
$24,234,426
Assessed 2024
Previous assessed
$30,421,293
-20.3% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,124,896
Assessed improvement
$22,109,530
Land market value
$2,124,896
Improvement market value
$22,109,530
Total market value
$24,234,426
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
21
Stories
2
Rooms
1
Bathrooms
1
Total area
4,640 SF
Lot
10.84 ac (472,199 SF)
APN
342010000039
UPID
US82-0352834
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
21
Rooms
1
Bathrooms
1
Lot
10.84 ac
Current owner
From public records · entity-resolved
Ws Pasadena Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
30242 ESPERANZA, RANCHO SANTA MARGARITA, CA 92688-2121
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
Oct 22, 2025
—
David Paul Faircloth
—
Deed
related
$145,400 · Trustmark National Bank
Aug 19, 2025
—
Comunidad De Fe
—
Deed
related
$417,000 · Southtrust Bank NA
Sep 30, 2024
—
Ws Pasadena Partners LLC
—
Deed
related
$36,548 · Berkadia Commercial Mortgage LLC
Nov 28, 2023
—
Ws Pasadena Partners LLC
—
Deed
related
$140,876 · Berkadia Commercial Mortgage LLC
Oct 3, 2018
—
Ws Pasadena Partners LLC
Omninet Southeast LP
Grant Deed
related
—
Feb 12, 2016
—
Omninet Southeast LP
Vr Lb Willow Springs LP
Grant Deed
$15,580,000 · Greystone Svcg
Dec 6, 2006
—
Arnold L Porath
Willow Springs Associates Ltd
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.
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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