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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Garden apartment buildings
6705 Fairway Dr 30 Houston, TX 77087-2269
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0308113
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1955
Construction
BRICK
Total area
9,520 SF
Lot
0.55 ac (24,002 SF)
APN
590880000003
UPID
US82-0308113
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
-
Sunset Valley Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$525k
Owner & transaction history
Reginald Riley · 13 yrs held
Reginald Riley
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$870,000
+65.2%
Office building
$850,000
+61.4%
Medical building
$610,000
+15.4%
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 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
RETAIL STORES
$870,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: +61% · Conversion: Moderate
MEDICAL BUILDING
$610,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$565,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$55 / 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
$19,400
Tax year 2022
Assessed value
$1,298,935
Assessed 2024
Previous assessed
$962,846
+34.9% YoY
Effective rate
1.49%
On assessed value
Assessed land
$168,000
Assessed improvement
$1,130,935
Land market value
$168,000
Improvement market value
$1,130,935
Total market value
$1,298,935
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
1955
Construction
BRICK
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Rooms
1
Bathrooms
6
Total area
9,520 SF
Lot
0.55 ac (24,002 SF)
APN
590880000003
UPID
US82-0308113
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
$525,000
RETAIL STORES
Est. value
$870,000
OFFICE BUILDING
Est. value
$850,000
MEDICAL BUILDING
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1955
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Rooms
1
Bathrooms
6
Lot
0.55 ac
Current owner
From public records · entity-resolved
Reginald Riley
Individual
Free & Clear · 13 yrs held
Mailing address
3080 W LAKESIDE DR, BEAUMONT, TX 77707-1462
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Nov 29, 2012
—
Reginald Riley
Us Bank NA Series 2007-3
Grant Deed
related
—
Dec 6, 2011
$340,000
Us Bank NA Series 2007-3
Smith,jeffrey M
Trustees Deed
related
—
Mar 30, 2007
—
Ludin Rodriguez
Seals,arthur & Gloria
Warranty Deed
$580,000 · Greenpoint Mortgage Funding
May 4, 2004
—
Arthur Seals
Trident Homes INC
Grant Deed
$359,000 · New Century Mortgage
Oct 30, 2001
—
Sv Partners Ltd
Connection & Secondary Corp
Grant Deed
$459,000 · Central Bank & Trust
Dec 19, 2000
—
Connection & Secondary Corp
Sunset Valley INC
Grant Deed
related
—
—
—
Sunset Valley INC
—
Deed Of Trust
related
$258,000 · Southern National Bank Texas
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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