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Property profile & analytics
OFF-MARKET
Apartment buildings
5218 Farmer St 4 Houston, TX 77020-4652
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-2031526
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
BRICK
Total area
2,160 SF
Lot
0.09 ac (3,751 SF)
APN
620400050009
UPID
US82-2031526
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5218 Farmer LLC · 2 yrs held
5218 Farmer LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,754
Tax year 2022
Assessed value
$200,715
Assessed 2024
Previous assessed
$186,321
+7.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$75,000
Assessed improvement
$125,715
Land market value
$75,000
Improvement market value
$125,715
Total market value
$200,715
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Construction
BRICK
Heating
NONE
Cooling
NONE
Buildings
1
Stories
2
Rooms
1
Total area
2,160 SF
Lot
0.09 ac (3,751 SF)
APN
620400050009
UPID
US82-2031526
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
Building & site characteristics
From public records
Year built
1961
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
5218 Farmer LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 27330, HOUSTON, TX 77227-7330
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
5218 Farmer LLC
—
Deed
related
$392,000 · Deephaven Mortgage LLC
Sep 12, 2023
—
5218 Farmer LLC
—
Deed
related
$378,000 · Vontive INC
Jul 28, 2023
—
5218 Farmer LLC
Eric R Sayles
Warranty Deed
—
Nov 3, 2022
—
Jaclyn Clark
Eric Ramon Sayles
Transfer On Death Deed
—
Sep 16, 2022
—
Eric R Sayles
—
Deed
related
$100,000 · Deephaven Mortgage LLC
Jun 5, 2013
—
Eric R Sayles
Sayles Oliver L
Quit Claim Deed
related
—
Nov 13, 1997
—
Oliver L Sayles
Griffin,margaret R
Grant Deed
related
—
Jun 4, 1997
—
Margaret R Griffin
Calhoun,peter
Grant 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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