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Property profile & analytics
OFF-MARKET
Estimated value
$22,495,000
High-rise multifamily apartments
4139 Bellaire Blvd 270 Houston, TX 77025-1048
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-1431053
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
FRAME
Total area
283,001 SF
Lot
4.22 ac (183,928 SF)
APN
1362920010001
UPID
US83-1431053
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
-
Elite Garage Door Expert Building Supply General Contractor
-
Sinclair Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.27M
Blend (final)
Blend
$22.50M
Owner & transaction history
Br Bellaire Blvd Owner LLC · 7 yrs held
Br Bellaire Blvd Owner LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$37.1M
+189.1%
Restaurant
$31.1M
+142.4%
Auto repair, garage
$26.7M
+108.1%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$37,110,000
Change: +189% · Conversion: Moderate
RESTAURANT
$31,115,000
Change: +142% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,710,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$19,685,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$18,060,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$17,595,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,605,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$22.50M
Range $20.25M – $24.74M · ±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
$79 / 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
$1,010,145
Tax year 2022
Assessed value
$63,248,013
Assessed 2024
Previous assessed
$67,540,154
-6.4% YoY
Effective rate
1.60%
On assessed value
Assessed land
$15,633,880
Assessed improvement
$47,614,133
Land market value
$15,633,880
Improvement market value
$47,614,133
Total market value
$63,248,013
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
2016
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
4
Total area
283,001 SF
Lot
4.22 ac (183,928 SF)
APN
1362920010001
UPID
US83-1431053
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
$37.1M
RESTAURANT
Est. value
$31.1M
AUTO REPAIR, GARAGE
Est. value
$26.7M
OFFICE BUILDING
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$18.1M
RETAIL STORES
Est. value
$17.6M
WAREHOUSE, STORAGE
Est. value
$15.6M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2016
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
3
Lot
4.22 ac
Current owner
From public records · entity-resolved
Br Bellaire Blvd Owner LLC
Entity
Mailing address
5214 68TH ST STE #402, LUBBOCK, TX 79424-1523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
4139 Bellaire Houston LLC
—
Deed
related
$31,000,000 · Acre Credit Fund II Bs LLC
Apr 12, 2019
—
Br Bellaire Blvd Owner LLC
Br Bellaire Blvd LLC
Quit Claim Deed
related
$28,800,000 · Invesco Cmi Invs LP
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
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