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Property profile & analytics
OFF-MARKET
Apartment buildings
706 Harris Ave 8 Pasadena, TX 77506-4655
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1677822
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1943
Total area
1,586 SF
Lot
0.92 ac (40,001 SF)
APN
650330000014
UPID
US82-1677822
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Faraz Khursheed · 5 yrs held
Faraz Khursheed
since 2021
7 recorded transactions
Zoning & alternative use
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,515
Tax year 2022
Assessed value
$1,211,267
Assessed 2024
Previous assessed
$1,040,936
+16.4% YoY
Effective rate
0.87%
On assessed value
Assessed land
$400,010
Assessed improvement
$811,257
Land market value
$400,010
Improvement market value
$811,257
Total market value
$1,211,267
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1943
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
5
Bathrooms
2
Total area
1,586 SF
Lot
0.92 ac (40,001 SF)
APN
650330000014
UPID
US82-1677822
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
Building & site characteristics
From public records
Year built
1943
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
5
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Faraz Khursheed
Individual
Mailing address
12495 STONEWAY CT, DAVIE, FL 33330-1214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Faraz Khursheed
Vallejo Properties LLC
Warranty Deed
$577,500 · Randolph Brooks FCU
Jun 25, 2019
—
Vallejo Properties LLC
Vallejo,edward III
Quit Claim Deed
related
$650,000 · First Fin'l Bk&tr
Jul 14, 2017
—
Edward Valiejo III
Aguiniga,norma
Warranty Deed
related
—
Mar 11, 2016
—
Norma Aguiniga
Aguiniga,jorge
Quit Claim Deed
related
—
Sep 24, 2010
—
Normex Investments INC
Aguiniga,jorge
Warranty Deed
related
—
Dec 16, 2004
—
Jorge Aguiniga
Barrera,jose C & Orfelina
Warranty Deed
related
—
Sep 11, 2001
—
Jose Barrera
—
Trustees Deed
related
$16,700 · Us Small Business Admn
Sep 27, 1999
—
Jose Barrera
Gonzalez,filiberto & Jane
Grant Deed
$50,000 · Individual
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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