Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Garden apartment buildings
401 Mcdermott St 149 Deer Park, TX 77536-4759
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4037413
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
BRICK
Total area
11,986 SF
Lot
6.62 ac (288,367 SF)
APN
572290000013
UPID
US83-4037413
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
-
Avery at Deer Park Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.16M
Owner & transaction history
Cr Deer Park LP · 4 yrs held
Cr Deer Park LP
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+140.5%
Restaurant
$1.4M
+91.2%
Auto repair, garage
$1.1M
+46.7%
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 Deer Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deer Park 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%
$1,325,000
6.5%
$1,225,000
7%
$1,135,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$740,000
Current use
COMMERCIAL (GENERAL)
$1,775,000
Change: +140% · Conversion: Moderate
RESTAURANT
$1,415,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,085,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$1,010,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$790,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$307,853
Tax year 2022
Assessed value
$15,008,561
Assessed 2024
Previous assessed
$17,078,402
-12.1% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,441,835
Assessed improvement
$13,566,726
Land market value
$1,441,835
Improvement market value
$13,566,726
Total market value
$15,008,561
Applied tax rate
2.0000
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
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
19
Stories
2
Rooms
1
Bathrooms
1
Total area
11,986 SF
Lot
6.62 ac (288,367 SF)
APN
572290000013
UPID
US83-4037413
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
$740,000
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$900,000
MEDICAL BUILDING
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
19
Rooms
1
Bathrooms
1
Lot
6.62 ac
Current owner
From public records · entity-resolved
Cr Deer Park LP
Entity
Mailing address
8343 DOUGLAS AVE STE #350, DALLAS, TX 75225-5886
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Cr Deer Park LP
401 Mcdermott LLC
Venders Lien
$16,887,000 · Voya Investment Management LLC
Jun 24, 2015
—
401 Mcdermott LLC
Fpa Deer Glen LLC
Grant Deed
—
Aug 29, 2014
—
Fpa Deer Glen LLC
Fpa Deer Glen Associates LP
Quit Claim Deed
related
$9,000,000 · Holliday Fenoglio Fowler
Aug 1, 2006
—
Fpa Deer Glen Associates LP
Casitas Yorba Linda Ltd
Venders Lien
$5,525,000 · Dba Db Berkshire Mortgage INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 401 Mcdermott St, Unit 149?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
