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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Garden apartment buildings
7100 Smiling Wood Ln 229 Houston, TX 77086-3148
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2037598
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
9,168 SF
Lot
8 ac (348,480 SF)
APN
1153920000010
UPID
US82-2037598
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
-
Oscar Martinez Painting Painting Service General Contractor
-
Donation center Charitable Organization
-
Alfredo Condominium Complex
-
Park at Willowbrook Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$859k
Blend (final)
Blend
$885k
Owner & transaction history
Apo Park At Willowbrook LLC · 5 yrs held
Apo Park At Willowbrook LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$955,000
+66.5%
Restaurant
$925,000
+61.0%
Retail stores
$645,000
+12.9%
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
APARTMENT HOUSE (5+ UNITS)
$575,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +66% · Conversion: Difficult
RESTAURANT
$925,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$585,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$97 / 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
$18,435
Tax year 2022
Assessed value
$19,795,764
Assessed 2024
Previous assessed
$22,253,880
-11.0% YoY
Effective rate
0.09%
On assessed value
Assessed land
$1,742,400
Assessed improvement
$18,053,364
Land market value
$1,742,400
Improvement market value
$18,053,364
Total market value
$19,795,764
Applied tax rate
17.0000
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
18
Stories
2
Rooms
1
Bathrooms
1
Total area
9,168 SF
Lot
8 ac (348,480 SF)
APN
1153920000010
UPID
US82-2037598
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
$575,000
AUTO REPAIR, GARAGE
Est. value
$955,000
RESTAURANT
Est. value
$925,000
RETAIL STORES
Est. value
$645,000
OFFICE BUILDING
Est. value
$640,000
MEDICAL BUILDING
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
18
Rooms
1
Bathrooms
1
Lot
8 ac
Current owner
From public records · entity-resolved
Apo Park At Willowbrook LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3210 S WATERFRONT DR, CHANDLER, AZ 85248-3569
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
—
Apo Park At Willowbrook LLC
Sam Willowbrook LLC
Grant Deed
related
—
Dec 24, 2014
—
Sam Willowbrook LLC
Kmr-park At Willowbrook LLC
Grant Deed
$10,033,000 · Greystone Svcg
Nov 13, 2014
—
Kmr-park At Willowbrook LLC|ray Scott
Kmr-park At Willowbrook LLC
Quit Claim Deed
related
—
Jun 3, 1998
—
Fsf Pca Portfolio LP
Pca Portfolio LP
Quit Claim Deed
related
—
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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