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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Garden apartment buildings
403 Garner Rd 52 Pasadena, TX 77502-2182
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US83-2917282
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Construction
FRAME
Total area
4,894 SF
Lot
2.53 ac (110,229 SF)
APN
751770000008
UPID
US83-2917282
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
-
Garner Park Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
403 Garner Rd Spe LLC
403 Garner Rd Spe LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+137.4%
Auto repair, garage
$475,000
+58.1%
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
$740,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Change: +137% · Conversion: Moderate
AUTO REPAIR, GARAGE
$475,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$154 / 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
$35,528
Tax year 2022
Assessed value
$2,999,978
Assessed 2024
Previous assessed
$3,125,284
-4.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$661,374
Assessed improvement
$2,338,604
Land market value
$661,374
Improvement market value
$2,338,604
Total market value
$2,999,978
Applied tax rate
21.0000
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
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
2
Rooms
2
Bathrooms
1
Total area
4,894 SF
Lot
2.53 ac (110,229 SF)
APN
751770000008
UPID
US83-2917282
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
COMMERCIAL (GENERAL)
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$475,000
COMMERCIAL (GENERAL)
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
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
9
Rooms
2
Bathrooms
1
Lot
2.53 ac
Current owner
From public records · entity-resolved
403 Garner Rd Spe LLC
Entity
Mailing address
4613 BRIARBEND DR, HOUSTON, TX 77035-5007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
403 Garner Rd Spe LLC
Bella Sol LLC
Warranty Deed
$2,849,000 · Lument Real Estate Capital LLC
May 23, 2019
—
Bella Sol LLC
—
Deed
related
$2,250,000 · Cbre Cap Markets
May 21, 2019
—
Bella Sol LLC
Cwc 403 Garner LLC
Warranty Deed
$2,250,000 · Cbre Cap Markets
Feb 28, 2014
—
Cwc 403 Garner LLC
403 Garner LLC
Quit Claim Deed
related
$1,080,000 · Readycap Commercial LLC
Jun 27, 2011
—
403 Garner LLC
Oasis Bk Ssb
Grant Deed
$765,000 · Oasis Bank Ssb
May 10, 2011
$890,740
Oasis Bk Ssb
Garner Villa Suites LLC
Trustees Deed
related
—
Feb 3, 2011
$900,337
Oasis Bk Ssb
Cribbs,f P JR
Trustees Deed
related
—
Jan 3, 2008
—
Garner Villa Suites LLC
—
Trustees Deed
related
$42,000 · Lantzman Mortgage Fund
Sep 28, 2007
—
Garner Villa Suites LLC
Lotus Investments INC
Grant Deed
$1,275,000 · Lantzman Mortgage Fund
—
—
Garner Villas Suites LLC
—
Deed Of Trust
related
$459,000 · Lantzman Mortgage Fund
—
—
Bella Sol LLC
—
Deed Of Trust
related
$2,250,000 · Cbre Cap Markets
—
—
Cwc 403 Garner LLC
—
Deed Of Trust
related
$1,300,000 · Pinnacle Bk
—
—
Garner Villa Suites LLC
—
Deed Of Trust
related
$37,990 · Tax Ease Funding LP
—
—
Garner Villa Suites LLC
—
Deed Of Trust
related
$910,000 · Oasis Bank Ssb
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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