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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Garden apartment buildings
3420 Federal Rd 32 Pasadena, TX 77504-1757
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-0370296
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
BRICK
Total area
18,096 SF
Lot
1.53 ac (66,429 SF)
APN
610870000223
UPID
US82-0370296
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
-
Townhomes at Vista Gardens Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$675k
Owner & transaction history
Townhomes At Vista Gardens LLC · 3 yrs held
Townhomes At Vista Gardens LLC
since 2023
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
Method
Estimation
Statistic approach
by Request
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,100,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$1,070,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$37 / 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
$33,410
Tax year 2022
Assessed value
$2,865,580
Assessed 2024
Previous assessed
$2,938,923
-2.5% YoY
Effective rate
1.17%
On assessed value
Assessed land
$332,145
Assessed improvement
$2,533,435
Land market value
$332,145
Improvement market value
$2,533,435
Total market value
$2,865,580
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
1968
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
2
Bathrooms
1
Total area
18,096 SF
Lot
1.53 ac (66,429 SF)
APN
610870000223
UPID
US82-0370296
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
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
MEDICAL 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
1968
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
2
Bathrooms
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Townhomes At Vista Gardens LLC
Entity
Mailing address
3420 FEDERAL RD, PASADENA, TX 77504-1757
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
—
Townhomes At Vista Gardens LLC
Mpm Assets IV LLC
Venders Lien
$2,500,000 · Firstbank Southwest
Sep 30, 2015
—
A V Apartments LLC
Alta Vista Apartments LLC
Grant Deed
$1,254,000 · Greystone Svcg
Dec 1, 2009
—
Alta Vista Apartments LLC
Tritex R/e Advisors INC
Grant Deed
$500,000 · Taylor 2001 Family Ptshp Ltd
Aug 4, 2009
$750,000
Fannie Mae
Staas David
Trustees Deed
related
—
Aug 4, 2009
—
Tritex R/e Advisors INC
Fannie Mae
Grant Deed
related
—
Aug 10, 2007
—
Schwartz Stephanie M Trust
Cj First LLC
Warranty Deed
related
—
Mar 2, 2004
—
Cj First LLC
Ldp Investments LP
Grant Deed
related
$620,000 · Abn Amro Mortgage Group INC
Nov 13, 1998
—
Alta Vista Townhomes Ltd
George,rajan K
Grant Deed
$372,000 · Lasalle Bank Fsb
—
—
Alta Vista Apartments LLC
—
Deed Of Trust
related
$780,000 · Community National Bank
—
—
Alta Vista Apartments LLC
—
Deed Of Trust
related
$600,000 · Taylor 2001 Family Ptshp Ltd
—
—
Alta Vista Apartments LLC
—
Deed Of Trust
related
$780,000 · Bpi INC
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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