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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
High-rise multifamily apartments
5151 Edloe St 419 Houston, TX 77005-1102
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US82-2028134
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1998
Construction
WOOD FRAME
Total area
11,824 SF
Lot
8.87 ac (386,338 SF)
APN
1194260000001
UPID
US82-2028134
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
-
Darren Lynch Fitness Gym & Fitness Center
-
A&S Genesis Neurology, PLLC Physician Medical Clinic
-
SITUS Apartment Complex
-
Village at West University Real Estate Agency
-
NatureWay (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$695k
Owner & transaction history
LP Finvest II
LP Finvest II
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+58.9%
Retail stores
$930,000
+33.8%
Medical building
$755,000
+8.7%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$610,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$580,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$59 / 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
$1,869,444
Tax year 2022
Assessed value
$74,820,521
Assessed 2024
Previous assessed
$86,958,549
-14.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$38,633,800
Assessed improvement
$36,186,721
Land market value
$38,633,800
Improvement market value
$36,186,721
Total market value
$74,820,521
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
1998
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
16
Stories
4
Rooms
1
Bathrooms
1
Total area
11,824 SF
Lot
8.87 ac (386,338 SF)
APN
1194260000001
UPID
US82-2028134
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
$695,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$930,000
MEDICAL BUILDING
Est. value
$755,000
OFFICE BUILDING
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1998
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
16
Rooms
1
Bathrooms
1
Lot
8.87 ac
Current owner
From public records · entity-resolved
LP Finvest II
Entity
Mailing address
730 TOWN AND COUNTRY BLVD STE #800, HOUSTON, TX 77024-4675
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
LP Finvest II
—
Deed Of Trust
related
$30,500,000 · Newton County Loan & Savings
—
—
Finvest II LP
—
Deed Of Trust
related
$34,750,000 · Northmarq Cap Fin
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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