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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Garden apartment buildings
3600 Shaver St 75 South Houston, TX 77587-5228
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3933667
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
FRAME
Total area
10,604 SF
Lot
3.16 ac (137,867 SF)
APN
341070110001
UPID
US83-3933667
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
-
Shaver Food Store Grocery & Convenience Store Food Market
-
ATM (ATM Link, Inc.) Atm
-
La Bella Vista Apartments Apartment Complex
-
Fit for Life Academy Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.05M
Owner & transaction history
Shaver Holding LLC · 7 yrs held
Shaver Holding LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+92.8%
Auto repair, garage
$1.5M
+87.6%
Retail stores
$1.1M
+39.6%
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 South Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
Method
Estimation
Statistic approach
by Request
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$785,000
Current use
OFFICE BUILDING
$1,515,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,475,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +40% · Conversion: Difficult
RESTAURANT
$970,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$99 / 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
$90,303
Tax year 2022
Assessed value
$5,259,596
Assessed 2024
Previous assessed
$7,318,264
-28.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,102,936
Assessed improvement
$4,156,660
Land market value
$1,102,936
Improvement market value
$4,156,660
Total market value
$5,259,596
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
2
Rooms
2
Bathrooms
1
Total area
10,604 SF
Lot
3.16 ac (137,867 SF)
APN
341070110001
UPID
US83-3933667
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
$785,000
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$970,000
MEDICAL BUILDING
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1964
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
8
Rooms
2
Bathrooms
1
Lot
3.16 ac
Current owner
From public records · entity-resolved
Shaver Holding LLC
Entity
Mailing address
143 MNR LK ESTS DR, SPRING, TX 77379-3722
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
—
Shaver Holding LLC
Vista2016 LLC
Grant Deed
$5,810,000 · Southwestern Nat'l Bk
May 9, 2016
—
Vista2016 LLC
2012 Multi-family R/e Fund III
Grant Deed
$4,375,000 · Spirit Of Tx Bk Ssb
Mar 5, 2014
—
2012 Multi Family R & E Fund III
—
Trustees Deed
related
$2,600,000 · Scott I Bassin
Mar 1, 2013
—
Ge 4506 LLC
Gp Crossing LLC
Grant Deed
related
—
Mar 19, 2010
—
Gp Crossing LLC
Texas Lone Star Apartments II
Warranty Deed
related
—
Dec 20, 2005
—
Texas Lone Star Apartments II
Ib Property Holdings LLC
Grant Deed
$1,992,707 · Citizens Federal Bank Fsb
Aug 15, 2005
$1,253,600
Ib Property Holdings LLC
Dasigenis,sandra L
Trustees Deed
related
—
—
—
2012 Multi-family R & E Fund III
—
Deed Of Trust
related
$2,600,000 · Icon Bk/tx NA
—
—
Vista2016 LLC
—
Deed Of Trust
related
$4,350,000 · Wallis St Bk
—
—
Tc Dev LLC
—
Deed Of Trust
related
$122,850 · Central Bank & Trust
—
—
Tc Dev LLC
—
Deed Of Trust
related
$70,699 · Central Bank & Trust
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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