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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Garden apartment buildings
6924 Stella Link Rd 37 Houston, TX 77025-1164
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US83-3749914
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
FRAME
Total area
16,186 SF
Lot
0.43 ac (18,766 SF)
APN
811740000001
UPID
US83-3749914
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
-
Medical Center apartments Apartment Complex
-
Tree Vaello - Houston Make-Up Artist and Hair Cosmetic Store
-
Labadora Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$610k
Owner & transaction history
Goshen Texas Props III LLC · 14 yrs held
Goshen Texas Props III LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+37.1%
Warehouse, storage
$890,000
+21.6%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$735,000
Current use
RETAIL STORES
$1,005,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$890,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$38 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$37,759
Tax year 2020
Assessed value
$2,007,587
Assessed 2024
Previous assessed
$2,180,022
-7.9% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,219,725
Assessed improvement
$787,862
Land market value
$1,219,725
Improvement market value
$787,862
Total market value
$2,007,587
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
2
Rooms
1
Bathrooms
1
Total area
16,186 SF
Lot
0.43 ac (18,766 SF)
APN
811740000001
UPID
US83-3749914
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
$735,000
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Rooms
1
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Goshen Texas Props III LLC
Entity
Mailing address
PO BOX 35311, HOUSTON, TX 77235-5311
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2012
—
Goshen Texas Props III LLC
Speedway Holdings LLC
Grant Deed
$1,440,000 · Smart Financial Cu
Jan 12, 2012
—
Speedway Holdings LLC
—
Deed Of Trust
related
$1,100,000 · Prosperity Bank
Jun 6, 2005
—
Speedway Holdings LLC
Armando Rodriguez
Warranty Deed
$1,340,000 · Wells Fargo Bank NA
Jun 15, 2004
—
Armando Rodriguez
Medical Center Apartments Ltd
Warranty Deed
$1,040,000 · Southern National Bank Texas
Nov 3, 1998
—
Medical Center Apartments INC
Wong,liong J & Wendy L
Grant Deed
$660,000 · Southern National Bank Texas
—
—
Goshen Texas Props III LLC
—
Deed Of Trust
related
$1,440,000 · Smart Financial Cu
—
—
Goshen Texas Props III LLC
—
Deed Of Trust
related
$2,900,000 · Other Institutional Lenders
—
—
Medical Center Apartments INC
—
Deed Of Trust
related
$30,935 · Southern National Bank Texas
—
—
Medical Center Apartments INC
—
Deed Of Trust
related
$170,000 · Emory W Clark
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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