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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Garden apartment buildings
6860 Shady Ln Richmond, TX 77406-8774
Individually Owned
7-yr Hold
Property ID
US82-0265614
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Total area
1,288 SF
Lot
3 ac (130,636 SF)
Zoning code
A
APN
0075-00-000-0275-901
UPID
US82-0265614
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$515k
Owner & transaction history
Angela Denise Warren · 7 yrs held
Angela Denise Warren
since 2019
7 recorded transactions
Zoning & alternative use
A · Richmond, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$400 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,774
Tax year 2023
Assessed value
$1,006,006
Assessed 2024
Previous assessed
$914,551
+10.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$394,054
Assessed improvement
$636,122
Land market value
$394,054
Improvement market value
$636,122
Total market value
$1,030,176
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
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
1,288 SF
Lot
3 ac (130,636 SF)
Zoning code
A
APN
0075-00-000-0275-901
UPID
US82-0265614
Jurisdiction
FORT BEND
Zoning & alternative use
A · Richmond, TXZoning A · permitted uses
A · Richmond, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
3 ac
Current owner
From public records · entity-resolved
Angela Denise Warren
Individual
Mailing address
6860 SHADY LN, RICHMOND, TX 77406-8774
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 24, 2019
—
Angela Denise Warren
Mockingbird Residential Care Homes
Warranty Deed
$756,500 · Envoy Mortgage Ltd
Apr 27, 2018
—
That Mockingbird Resdential Care Ho
—
Deed
related
$758,400 · Residential Care Homes LLC
Sep 21, 2007
—
Carroll D Stroud
—
Trustees Deed
related
$543,000 · Amegy Mortgage Co LLC
Feb 12, 2007
—
Carroll D Stroud
—
Trustees Deed
related
$99,525 · Amegy Bank NA
Jun 29, 2006
—
Douglas Stroud Carroll
Phillip J Rangel
Warranty Deed
$312,000 · Baker Mortgage Co INC
Jun 10, 2005
—
Phillip J Rangel
Rangel,phillip J & Sylvia D
Quit Claim Deed
related
$248,925 · Quicken Loans INC
—
—
Carroll D Stroud
—
Deed Of Trust
related
$540,000 · Navy FCU
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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