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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Garden apartment buildings
510 William Ave 69 Baytown, TX 77520-2761
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0501095
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
BRICK
Total area
16,902 SF
Lot
1.89 ac (82,150 SF)
APN
700850070006
UPID
US82-0501095
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.74M
Owner & transaction history
Azul Apartments Ltd · 10 yrs held
Azul Apartments Ltd
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+129.1%
Industrial (general)
$2.1M
+69.4%
Auto repair, garage
$1.8M
+45.8%
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 Baytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baytown 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%
$1,870,000
6.5%
$1,725,000
7%
$1,600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,220,000
Current use
COMMERCIAL (GENERAL)
$2,795,000
Change: +129% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,070,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,780,000
Change: +46% · Conversion: Difficult
RESTAURANT
$1,760,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,680,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$1,575,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±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
$103 / 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
$34,519
Tax year 2022
Assessed value
$5,568,072
Assessed 2024
Previous assessed
$6,450,995
-13.7% YoY
Effective rate
0.62%
On assessed value
Assessed land
$205,375
Assessed improvement
$5,362,697
Land market value
$205,375
Improvement market value
$5,362,697
Total market value
$5,568,072
Applied tax rate
16.0000
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
1965
Construction
BRICK
Heating
NONE
Cooling
NONE
Buildings
5
Stories
2
Rooms
1
Bathrooms
2
Total area
16,902 SF
Lot
1.89 ac (82,150 SF)
APN
700850070006
UPID
US82-0501095
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1965
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Rooms
1
Bathrooms
2
Lot
1.89 ac
Current owner
From public records · entity-resolved
Azul Apartments Ltd
Individual
Mailing address
4771 SWEETWATER BLVD #262, SUGAR LAND, TX 77479-3121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Azul Apartments Ltd
—
Deed
related
—
Oct 15, 2015
—
Azul Apartments Ltd
Ib Property Holdings LLC
Grant Deed
related
—
Dec 27, 2013
—
Azul Apartments Ltd
—
Trustees Deed
related
$1,300,000 · Relative Lndg LLC
Nov 5, 2010
—
Azul Apartments Ltd
Ib Property Holdings LLC
Grant Deed
related
—
May 11, 2010
$599,000
Ib Property Holdings LLC
Dasigenis Sandy
Trustees Deed
related
—
Aug 3, 2009
—
510 Williams LLC
Beniks Trust
Warranty Deed
related
—
Sep 27, 2007
—
Beniks Trust
Khachatourian,nelson
Warranty Deed
related
—
Jul 31, 2006
—
Nelson Khachatourian
Bluebird Apartments INC
Special Warranty Deed
$847,500 · Kuhlmann Commercial Capital INC
—
—
Azul Apartments Ltd
—
Deed Of Trust
related
$500,000 · Icon Bk/tx NA
—
—
Azul Apartments Ltd
—
Deed Of Trust
related
$4,800,000 · Cbre Cap Markets
—
—
Bluebird Apartments INC
—
Deed Of Trust
related
$675,000 · Abn Amro Mortgage Group INC
—
—
Azul Apartments Ltd
—
Deed Of Trust
related
$1,950,000 · Icon Bk/tx NA
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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