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Property profile & analytics
OFF-MARKET
Estimated value
$29,715,000
High-rise multifamily apartments
510 20th St 152 Houston, TX 77008-3392
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0981766
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Construction
METAL FRAME
Total area
317,595 SF
Lot
3.11 ac (135,472 SF)
APN
1500600010001
UPID
US82-0981766
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
-
Ellison Heights Real Estate Agency
-
VIDA Market Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.52M
Blend (final)
Blend
$29.72M
Owner & transaction history
Jp Morgan Chase Bk NA · 8 yrs held
Jp Morgan Chase Bk NA
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$41.4M
+77.5%
Restaurant
$39.6M
+69.6%
Retail stores
$33.4M
+43.3%
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
APARTMENT HOUSE (5+ UNITS)
$23,340,000
Current use
AUTO REPAIR, GARAGE
$41,420,000
Change: +77% · Conversion: Difficult
RESTAURANT
$39,575,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$33,435,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$24,095,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$22,735,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$22,210,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$29.72M
Range $26.74M – $32.69M · ±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
$94 / 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
$2,768,769
Tax year 2022
Assessed value
$123,818,986
Assessed 2024
Previous assessed
$137,420,800
-9.9% YoY
Effective rate
2.24%
On assessed value
Assessed land
$16,256,640
Assessed improvement
$107,562,346
Land market value
$16,256,640
Improvement market value
$107,562,346
Total market value
$123,818,986
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
2020
Construction
METAL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
317,595 SF
Lot
3.11 ac (135,472 SF)
APN
1500600010001
UPID
US82-0981766
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
$23.3M
AUTO REPAIR, GARAGE
Est. value
$41.4M
RESTAURANT
Est. value
$39.6M
RETAIL STORES
Est. value
$33.4M
OFFICE BUILDING
Est. value
$24.1M
WAREHOUSE, STORAGE
Est. value
$22.7M
MEDICAL BUILDING
Est. value
$22.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2020
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
3.11 ac
Current owner
From public records · entity-resolved
Jp Morgan Chase Bk NA
Individual
Free & Clear · 8 yrs held
Mailing address
750 BERING DR STE #200, HOUSTON, TX 77057-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 7, 2017
—
Jp Morgan Chase Bk NA
Leonard P Kasowski
Grant Deed
related
—
Jul 9, 2014
—
Leonard P Kasowski
Elaine E Teas
Warranty 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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