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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Golf courses & driving ranges
5500 Genoa Red Blf Rd 2 Pasadena, TX 77505-5707
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-8571963
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1950
Construction
FRAME
Total area
16,568 SF
Lot
142.23 ac (6,195,565 SF)
APN
410030000036
UPID
US82-8571963
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
$765k
Owner & transaction history
Vr Baywood I LP · 7 yrs held
Vr Baywood I LP
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+43.5%
Apartment house (5+ units)
$1.1M
+29.9%
Office building
$965,000
+12.4%
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
RECREATIONAL/ENTERTAINMENT (GENERAL)
$860,000
Current use
MEDICAL BUILDING
$1,235,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$965,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$925,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$46 / 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
$35,991
Tax year 2022
Assessed value
$3,120,211
Assessed 2024
Previous assessed
$3,166,002
-1.4% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,086,391
Assessed improvement
$33,820
Land market value
$3,086,391
Improvement market value
$33,820
Total market value
$3,120,211
Applied tax rate
20.0000
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
16,568 SF
Lot
142.23 ac (6,195,565 SF)
APN
410030000036
UPID
US82-8571963
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$860,000
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$925,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
142.23 ac
Current owner
From public records · entity-resolved
Vr Baywood I LP
Entity
Mailing address
3773 RICHMOND AVE STE #580, HOUSTON, TX 77046-1140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 9, 2019
—
Vr Baywood I LP
Baywood Project Ltd
Quit Claim Deed
related
—
Jul 31, 2015
—
Baywood Jv II Ltd
Baywood Newco LP
Quit Claim Deed
related
—
Jan 15, 2009
—
Baywood Commercial LLC
C & L Financial Group INC
Grant Deed
$550,000 · Trustmark National Bank
Aug 28, 1997
—
C & L Financial Group INC
Baywood Country Club
Grant Deed
related
$1,280,000 · First National Bank
—
—
Baywood Newco LP
—
Loan Modification
related
$810,000 · Trustmark Nat'l Bk
—
—
Baywood Newco LP
—
Deed Of Trust
related
$900,000 · Trustmark National Bank
—
—
Baywood Newco LP
—
Deed Of Trust
related
$900,000 · Trustmark National Bank
—
—
Baywood Jv II Ltd
—
Deed Of Trust
related
$17,250,000 · Miscellaneous Ins Co
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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