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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Garden apartment buildings
3635 Shaver St 300 Pasadena, TX 77504-1332
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0128209
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1955
Construction
BRICK
Total area
14,037 SF
Lot
12.35 ac (537,844 SF)
APN
610870030235
UPID
US82-0128209
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
-
Veranda Village Apartment Building Apartment Rental Agency
-
RM Multiservice & GiGi's Creations Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.24M
Owner & transaction history
Wpv Tic I LLC · 8 yrs held
Wpv Tic I LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+41.4%
Auto repair, garage
$1.2M
+35.6%
Restaurant
$1.2M
+32.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$910,000
Current use
COMMERCIAL (GENERAL)
$1,290,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,235,000
Change: +36% · Conversion: Difficult
RESTAURANT
$1,205,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$915,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$875,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$830,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$88 / 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
$238,722
Tax year 2022
Assessed value
$16,492,186
Assessed 2024
Previous assessed
$20,999,459
-21.5% YoY
Effective rate
1.45%
On assessed value
Assessed land
$2,151,376
Assessed improvement
$14,340,810
Land market value
$2,151,376
Improvement market value
$14,340,810
Total market value
$16,492,186
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
1955
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
2
Rooms
1
Bathrooms
1
Total area
14,037 SF
Lot
12.35 ac (537,844 SF)
APN
610870030235
UPID
US82-0128209
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
$910,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$915,000
RETAIL STORES
Est. value
$875,000
OFFICE BUILDING
Est. value
$855,000
MEDICAL BUILDING
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
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
1955
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Rooms
1
Bathrooms
1
Lot
12.35 ac
Current owner
From public records · entity-resolved
Wpv Tic I LLC
Entity
Mailing address
143 MNR LK ESTS DR, SPRING, TX 77379-3722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Verenda 2021 LLC
—
Deed
related
$10,000,000 · Dlp Income & Growth Fund L LLC
Jan 10, 2023
—
Verenda 2021 LLC
—
Deed
related
$31,561,000 · Independent Bank
Jan 19, 2021
—
Verenda 2021 LLC
—
Deed
related
$15,637,500 · Independent Bk
Dec 19, 2017
—
Wpv Tic I LLC
West Point Village LLC
Grant Deed
$13,600,000 · Greystone Svcg
Jun 17, 2013
—
West Point Village LLC
—
Deed Of Trust
related
$5,619,425 · Thorofare Asset Based Lndg Fun
Jan 27, 2005
—
Wpva LP
The Ridges Loan Consolidation LLC
Venders Lien
—
Jan 5, 2005
$750,000
Eq Financial Services INC
Johnson,robert L III
Trustees Deed
related
—
Jan 5, 2005
—
Ridges Loan Consolidation LLC
Johnson,robert L III
Trustees Deed
related
—
—
—
Wpva
—
Deed Of Trust
related
$496,076 · Tax Ease Funding LP
—
—
Wpva
—
Deed Of Trust
related
$9,420,000 · Imperial Capital Bank
—
—
L P Rdg
—
Deed Of Trust
related
$134,000 · Equity Global Holdings INC
—
—
Verenda 2021 LLC
—
Deed Of Trust
related
$15,637,500 · Independent Bk
—
—
Rdg LP
—
Deed Of Trust
related
$193,000 · Equity Global Holdings INC
—
—
Wpva
—
Deed Of Trust
related
$149,440 · Tax Ease Funding LP
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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