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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Garden apartment buildings
3700 Garth Rd 256 Baytown, TX 77521-3136
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3546314
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
BRICK
Total area
8,308 SF
Lot
12.93 ac (563,048 SF)
APN
451440020275
UPID
US83-3546314
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
-
Reserve on Garth Apartment Complex
-
Bold Boutique Clothing & Fashion Store
-
Trade Chimney Services General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$640k
Owner & transaction history
Urban Logans Apartments Baytow · 12 yrs held
Urban Logans Apartments Baytow
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$995,000
+113.7%
Medical building
$840,000
+80.8%
Restaurant
$630,000
+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
$680,000
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$465,000
Current use
INDUSTRIAL (GENERAL)
$995,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$840,000
Change: +81% · Conversion: Moderate
RESTAURANT
$630,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$505,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$470,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$470,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$77 / 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
$85,560
Tax year 2022
Assessed value
$12,017,181
Assessed 2024
Previous assessed
$15,989,814
-24.8% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,504,400
Assessed improvement
$7,512,781
Land market value
$4,504,400
Improvement market value
$7,512,781
Total market value
$12,017,181
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
26
Stories
2
Rooms
1
Bathrooms
1
Total area
8,308 SF
Lot
12.93 ac (563,048 SF)
APN
451440020275
UPID
US83-3546314
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
$465,000
INDUSTRIAL (GENERAL)
Est. value
$995,000
MEDICAL BUILDING
Est. value
$840,000
RESTAURANT
Est. value
$630,000
OFFICE BUILDING
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$470,000
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
26
Rooms
1
Bathrooms
1
Lot
12.93 ac
Current owner
From public records · entity-resolved
Urban Logans Apartments Baytow
Individual
Mailing address
600 N SHEPHERD DR STE #200, HOUSTON, TX 77007-1326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2014
—
Urban Logans Apartments Baytow
Blue Valley Apartments INC
Grant Deed
$8,000,000 · Keybank USA
Oct 4, 2011
—
Federal Natl Mtg Assn Fnma
Glanowski,mark
Trustees Deed
related
—
Aug 22, 2008
—
E2 Real Estate Ptrs III LLC
Aleka Investments LLC
Grant Deed
$7,475,300 · Arbor Commercial Funding LLC
Sep 26, 2006
—
Aleka Investments LLC
Bhagya Ltd
Grant Deed
$5,200,000 · Mers
Dec 31, 1996
—
Bhagya Ltd
State Street Bank & Trust Ttee
Grant Deed
$3,400,000 · Coastal Banc Savings Assn
—
—
Aleka Investments LLC
—
Deed Of Trust
related
$6,100,000 · Graham Mortgage Corp
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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