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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Garden apartment buildings
670 Maxey Rd 211 Houston, TX 77013-5894
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2895437
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
FRAME
Total area
5,373 SF
Lot
9.51 ac (414,443 SF)
APN
432110000031
UPID
US82-2895437
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
-
Federal trabajo Apartment Building
-
AriasPhillips Cleaning painting and remodeling Commercial Cleaning Service
-
El alero Cars and trucks wash Car Wash
-
Rollingwood Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$504k
Blend (final)
Blend
$565k
Owner & transaction history
2013 Houston Maxey LLC · 13 yrs held
2013 Houston Maxey LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$545,000
+61.7%
Auto repair, garage
$490,000
+46.0%
Retail stores
$395,000
+18.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$545,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$375,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$345,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$105 / 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
$347,101
Tax year 2022
Assessed value
$13,087,267
Assessed 2024
Previous assessed
$17,227,486
-24.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$2,072,215
Assessed improvement
$11,015,052
Land market value
$2,072,215
Improvement market value
$11,015,052
Total market value
$13,087,267
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
24
Stories
2
Rooms
2
Bathrooms
2
Total area
5,373 SF
Lot
9.51 ac (414,443 SF)
APN
432110000031
UPID
US82-2895437
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
RESTAURANT
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$490,000
RETAIL STORES
Est. value
$395,000
OFFICE BUILDING
Est. value
$375,000
MEDICAL BUILDING
Est. value
$345,000
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
24
Rooms
2
Bathrooms
2
Lot
9.51 ac
Current owner
From public records · entity-resolved
2013 Houston Maxey LLC
Entity
Mailing address
1108 LAVACA ST #110348, AUSTIN, TX 78701-2172
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Aug 25, 2022
—
2013 Houston Maxey LLC
—
Deed
related
$12,750,000 · Merchants Bank Of Indiana
Nov 1, 2019
—
2013 Houston Maxey LLC
—
Deed
related
$9,450,000 · Miscellaneous Ins Co
Jun 18, 2013
—
2013 Houston Maxey LLC
Blue Valley Apartments INC
Grant Deed
$4,042,000 · Iberiabank
Aug 7, 2012
—
Blue Valley Apartments INC
Federal Natl Mtg Assn Fnma
Grant Deed
related
—
Mar 11, 1997
—
Southwest Rollingwood Partners
Shivers Trusts Of 1981
Grant Deed
$2,700,000 · Column Financial INC
—
—
2013 Houston Maxey LLC
—
Deed Of Trust
related
$9,450,000 · Miscellaneous Ins Co
—
—
2013 Houston Maxey LLC
—
Deed Of Trust
related
$6,591,000 · Arbor Com'l Fndg
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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