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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Garden apartment buildings
600 Medical Ctr Blvd 530 Webster, TX 77598-4349
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2840640
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1992
Construction
BRICK
Total area
12,454 SF
Lot
29.63 ac (1,290,596 SF)
APN
1166250000002
UPID
US83-2840640
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$875k
Owner & transaction history
Br,everwood Dst Trust · 6 yrs held
Br,everwood Dst Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$990,000
+9.7%
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 Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Webster 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
COMMERCIAL (GENERAL)
$990,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$850,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$770,000
Change: -15% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: -18% · Conversion: Moderate
RESTAURANT
$735,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$70 / 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
$651,266
Tax year 2022
Assessed value
$58,763,980
Assessed 2024
Previous assessed
$74,941,695
-21.6% YoY
Effective rate
1.11%
On assessed value
Assessed land
$12,905,960
Assessed improvement
$45,858,020
Land market value
$12,905,960
Improvement market value
$45,858,020
Total market value
$58,763,980
Applied tax rate
27.0000
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
1992
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
39
Stories
3
Rooms
1
Bathrooms
1
Total area
12,454 SF
Lot
29.63 ac (1,290,596 SF)
APN
1166250000002
UPID
US83-2840640
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
$905,000
COMMERCIAL (GENERAL)
Est. value
$990,000
OFFICE BUILDING
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$770,000
MEDICAL BUILDING
Est. value
$745,000
RESTAURANT
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
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
1992
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
39
Rooms
1
Bathrooms
1
Lot
29.63 ac
Current owner
From public records · entity-resolved
Br,everwood Dst Trust
Trust
Mailing address
1345 AVE OF THE AMERICAS, NEW YORK, NY 10105-0302
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
Br,everwood Dst Trust
Preserve Apartments LLC
Grant Deed
$47,405,000 · Keybank USA
Jun 30, 2016
—
Preserve Apartments LLC
Roc II Tx Preserve LLC
Quit Claim Deed
related
$42,560,000 · Mercantil Commercebank
Aug 30, 2013
—
Roc II Tx Preserve LLC
Us Housing Partners Viii LP
Trustees Deed
$29,000,000 · Wells Fargo Bk
Sep 26, 2011
—
Us Housing Partners Viii LP
—
Deed Of Trust
related
$20,850,000 · Bank Of America
Jul 1, 2008
$11,900,000
Us Housing Partners Viii
Marshall Mccaleb
Trustees Deed
related
—
—
—
Roc II Tx Preserve LLC
—
Deed Of Trust
related
$38,730,000 · Wells Fargo Bk
—
—
Mbs-the Windward Ltd
—
Deed Of Trust
related
$16,750,000 · Pnc Bank
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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