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Property profile & analytics
OFF-MARKET
Garden apartment buildings
38 Burwick St Sugar Land, TX 77479-2997
Individually Owned
20-yr Hold
Property ID
US83-0423669
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1990
Total area
651 SF
Lot
0.35 ac (15,456 SF)
APN
2419-01-001-0090-907
UPID
US83-0423669
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
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
Lewis,anthony & Pamela · 20 yrs held
Lewis,anthony & Pamela
since 2005
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 Sugar Land submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sugar Land 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,854
Tax year 2023
Assessed value
$781,479
Assessed 2024
Previous assessed
$710,435
+10.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$131,560
Assessed improvement
$679,744
Land market value
$131,560
Improvement market value
$679,744
Total market value
$811,304
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
1990
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
651 SF
Lot
0.35 ac (15,456 SF)
APN
2419-01-001-0090-907
UPID
US83-0423669
Jurisdiction
FORT BEND
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
1990
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.35 ac
Current owner
From public records · entity-resolved
Lewis,anthony & Pamela
Individual
Mailing address
38 BURWICK ST, SUGAR LAND, TX 77479-2997
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2017
—
Anthony Lewis
—
Deed
related
$498,190 · Wells Fargo Bk
Jun 7, 2016
—
Anthony Lewis
—
Deed
related
$498,190 · Wells Fargo Bank NA
Dec 27, 2005
—
Lewis,anthony & Pamela
Hinkle,john W & Cynthia P
Warranty Deed
$356,800 · Texas Dow Emp Cu
Apr 28, 2000
—
John W Hinkle
Kontrimas,andrius R & Tamara D
Grant Deed
related
—
—
—
Anthony Lewis
—
Deed Of Trust
related
$119,000 · J P Morgan Chase Bank
—
—
John W Hinkle
—
Deed Of Trust
related
$50,000 · Comerica Bank Texas
—
—
John W Hinkle
—
Deed Of Trust
related
$55,000 · Comerica Bank
—
—
Anthony Lewis
—
Loan Modification
related
$498,190 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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