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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
High-rise multifamily apartments
3833 Cummins St 271 Houston, TX 77027-5871
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US82-3077673
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2006
Construction
BRICK
Total area
333,426 SF
Lot
3.63 ac (158,123 SF)
APN
1155390000012
UPID
US82-3077673
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
-
Camden Plaza Apartments Real Estate Agency
-
H-Town Epoxy Floors General Contractor Renovation Specialist
-
Stephanie Orozco Counselor
-
National Corperate Housing Housing Authority
-
Plaza Housing Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
Plaza Dev Camden · 20 yrs held
Plaza Dev Camden
since 2006
4 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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$1,198,727
Tax year 2022
Assessed value
$55,040,292
Assessed 2024
Previous assessed
$59,495,774
-7.5% YoY
Effective rate
2.18%
On assessed value
Assessed land
$19,765,375
Assessed improvement
$35,274,917
Land market value
$19,765,375
Improvement market value
$35,274,917
Total market value
$55,040,292
Applied tax rate
1.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
4
Total area
333,426 SF
Lot
3.63 ac (158,123 SF)
APN
1155390000012
UPID
US82-3077673
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
Building & site characteristics
From public records
Year built
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
3
Lot
3.63 ac
Current owner
From public records · entity-resolved
Plaza Dev Camden
Individual
Mailing address
PO BOX 27329, HOUSTON, TX 77227-7329
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2009
—
Plaza Dev Camden
—
Trustees Deed
related
$23,000,000 · Red Mortgage Capital INC
Jan 27, 2006
—
Plaza Dev Camden
Camden Property Trust
Quit Claim Deed
related
$8,643,419 · Camden Mezz Lender LP
Nov 17, 2004
—
Southwest Freeway Retail Cente
Camden Property Trust
Deed Of Trust
related
$8,660,000 · International Bank Of Commerce
Jun 11, 1997
—
Crescent Real Estates Equities
New Lamar Plaza
Grant Deed
related
—
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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