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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Garden apartment buildings
6060 Fairmont Pkwy 300 Pasadena, TX 77505-4049
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US82-3359976
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1997
Construction
BRICK
Total area
21,308 SF
Lot
14.61 ac (636,211 SF)
APN
341990000305
UPID
US82-3359976
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
-
Total Aerial Imaging Inc Video Editing Service Building Inspector
-
The Park at Fairmont Apartment Complex Apartments
-
Open for business March 15 , 2018 Property Management Company
-
Ride Guaranteed Handicapped Transportation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$2.05M
Owner & transaction history
Christina L Graciano · 26 yrs held
Christina L Graciano
since 2000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+102.7%
Auto repair, garage
$1.8M
+25.6%
Restaurant
$1.7M
+21.2%
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
APARTMENT HOUSE (5+ UNITS)
$1,435,000
Current use
COMMERCIAL (GENERAL)
$2,915,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,805,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,740,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,585,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$1,245,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±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
$96 / 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
$467,724
Tax year 2022
Assessed value
$36,505,561
Assessed 2024
Previous assessed
$41,143,983
-11.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,817,266
Assessed improvement
$32,688,295
Land market value
$3,817,266
Improvement market value
$32,688,295
Total market value
$36,505,561
Applied tax rate
21.0000
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
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
3
Rooms
1
Bathrooms
1
Total area
21,308 SF
Lot
14.61 ac (636,211 SF)
APN
341990000305
UPID
US82-3359976
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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
15
Rooms
1
Bathrooms
1
Lot
14.61 ac
Current owner
From public records · entity-resolved
Christina L Graciano
Individual
Mailing address
PO BOX 27058, HOUSTON, TX 77227-7058
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
—
Park At Fairmont Apartments LP
—
Deed
related
$17,215,000 · Berkadia Com'l Mtg
Apr 26, 2013
—
Acg 3021 LP
—
Deed Of Trust
related
$45,500,000 · Bank Of America
Feb 21, 2000
—
Christina L Graciano
Bryant,billy R & Frances L
Grant Deed
$56,000 · Seller
Jan 27, 2000
—
Investment Properties Cavender
Cavender,james R
Quit Claim Deed
related
—
Jul 16, 1999
—
H E Butt Grocery Co
John O Harris Interests LP
Grant Deed
related
—
Sep 30, 1998
—
Jose N Ramirez
Houston Tong Services INC
Grant Deed
$250,000 · Seller
Aug 28, 1998
—
Felipe Montemayor
Stanley,ellen A
Grant Deed
$84,366 · Nationsbank
Nov 15, 1996
—
Texcan Properties INC
Bryant,billy R & Frances L
Grant Deed
$350,000 · Seller
—
—
Park At Fairmont Apartments LP
—
Deed Of Trust
related
$17,215,000 · Berkadia Com'l Mtg
—
—
Park At Fairmont Apartments LP
—
Deed Of Trust
related
$14,200,000 · Holliday Fenoglio Fowler LP
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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