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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Garden apartment buildings
3802 Nasa Pkwy 89 El Lago, TX 77586-6303
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3968663
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
11,920 SF
Lot
3.5 ac (152,460 SF)
APN
410080080024
UPID
US83-3968663
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
$820k
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.16M
Owner & transaction history
Pelican Reef Seabrook Tx LLC · 4 yrs held
Pelican Reef Seabrook Tx LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+132.0%
Commercial (general)
$1.4M
+94.5%
Restaurant
$1.2M
+58.3%
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 El Lago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Lago 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
$820,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$735,000
Current use
OFFICE BUILDING
$1,705,000
Change: +132% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,430,000
Change: +95% · Conversion: Moderate
RESTAURANT
$1,165,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,080,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$810,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$785,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$735,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$97 / 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
$97,462
Tax year 2022
Assessed value
$5,769,474
Assessed 2024
Previous assessed
$7,609,396
-24.2% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,219,680
Assessed improvement
$4,549,794
Land market value
$1,219,680
Improvement market value
$4,549,794
Total market value
$5,769,474
Applied tax rate
27.0000
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
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Rooms
2
Bathrooms
1
Total area
11,920 SF
Lot
3.5 ac (152,460 SF)
APN
410080080024
UPID
US83-3968663
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
$735,000
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$810,000
MEDICAL BUILDING
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Rooms
2
Bathrooms
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Pelican Reef Seabrook Tx LLC
Entity
Mailing address
PO BOX 495, MOUND, MN 55364-0495
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
Pelican Reef Seabrook Tx LLC
First Avanti Seabrook LLC
Venders Lien
$100,000 · Washington Federal NA
Feb 24, 2020
—
First Avanti Seabrook LLC
—
Deed
related
$5,165,000 · Bancorp Bk
Aug 27, 2015
—
Broadreach Seabrook LLC
Bem LLC
Grant Deed
$3,490,000 · Cbre Cap Markets
Nov 14, 2011
—
Bem LLC
Blue Valley Apartments INC
Grant Deed
related
—
Oct 19, 2007
—
Dta Properties LLC
Emerald Shores Apartments LLC
Grant Deed
related
—
Jan 31, 2007
—
Emerald Shores Apartments LLC
Emerald Shores Associates
Quit Claim Deed
related
$2,856,250 · Wells Fargo Bank
Dec 17, 1996
—
Emerald Shores Assoc
Pyzyk,jon M
Grant Deed
related
—
—
—
Bem LLC
—
Deed Of Trust
related
$1,900,000 · Arbor Commercial Funding LLC
—
—
First Avanti Seabrook LLC
—
Deed Of Trust
related
$5,165,000 · Bancorp 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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