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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Garden apartment buildings
5045 Crenshaw Rd Pasadena, TX 77505-3049
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0187764
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
FRAME
Total area
32,736 SF
Lot
15.98 ac (695,954 SF)
APN
461640000119
UPID
US82-0187764
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
-
Brianna's Mobile Notary Service Law Firm
-
Broadwater Real Estate Agency
-
Pasadena Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$3.06M
Owner & transaction history
Jennifer V Than · 5 yrs held
Jennifer V Than
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+102.7%
Auto repair, garage
$2.8M
+25.6%
Restaurant
$2.7M
+21.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,210,000
Current use
COMMERCIAL (GENERAL)
$4,475,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,770,000
Change: +26% · Conversion: Difficult
RESTAURANT
$2,675,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$2,440,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$1,910,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±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
$93 / 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
$409,259
Tax year 2022
Assessed value
$31,251,160
Assessed 2024
Previous assessed
$36,001,032
-13.2% YoY
Effective rate
1.31%
On assessed value
Assessed land
$4,175,724
Assessed improvement
$27,075,436
Land market value
$4,175,724
Improvement market value
$27,075,436
Total market value
$31,251,160
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
3
Total area
32,736 SF
Lot
15.98 ac (695,954 SF)
APN
461640000119
UPID
US82-0187764
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
$2.2M
COMMERCIAL (GENERAL)
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE 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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
13
Lot
15.98 ac
Current owner
From public records · entity-resolved
Jennifer V Than
Individual
Mailing address
639 E OCEAN AVE STE #309, BOYNTON BEACH, FL 33435-5016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
—
Jennifer V Than
Jason N Bradley
Warranty Deed
$188,000 · Gulf Coast Educators FCU
Feb 28, 2020
—
Broadwater Prop Hldgs LLC
—
Deed
related
$26,000,000 · Citibank
Feb 1, 2011
—
Broadwater Prop Holdings LLC
USA Broadwater Dst
Quit Claim Deed
related
$13,357,000 · Holliday Fenoglio Fowler LP
Apr 22, 2005
—
USA Broadwater Dst
Broadwater Apartments Ltd
Quit Claim Deed
related
$15,000,000 · Pnc Bank
—
—
Broadwater Prop Holdings LLC
—
Deed Of Trust
related
$20,580,000 · Holliday Fenoglio Fowler
—
—
Broadwater Prop Hldgs LLC
—
Deed Of Trust
related
$26,000,000 · Citibank
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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