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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Garden apartment buildings
7329 Carrie Ln 191, Deer Park, TX 77536-5966
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2101906
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
BRICK
Total area
15,416 SF
Lot
9.25 ac (403,043 SF)
APN
211570000026
UPID
US82-2101906
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
-
Deer Park Gardens Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.49M
Owner & transaction history
Mansion Partners Ltd · 28 yrs held
Mansion Partners Ltd
since 1998
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+140.5%
Restaurant
$1.8M
+91.2%
Auto repair, garage
$1.4M
+46.7%
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 Deer Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deer Park 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%
$1,705,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$950,000
Current use
COMMERCIAL (GENERAL)
$2,285,000
Change: +140% · Conversion: Moderate
RESTAURANT
$1,815,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,395,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$1,300,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,155,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$1,015,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$182,129
Tax year 2022
Assessed value
$11,522,770
Assessed 2024
Previous assessed
$10,103,761
+14.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$2,015,215
Assessed improvement
$9,507,555
Land market value
$2,015,215
Improvement market value
$9,507,555
Total market value
$11,522,770
Applied tax rate
2.0000
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
1976
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
20
Stories
2
Rooms
4
Bathrooms
6
Total area
15,416 SF
Lot
9.25 ac (403,043 SF)
APN
211570000026
UPID
US82-2101906
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
$950,000
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1976
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
20
Rooms
4
Bathrooms
6
Lot
9.25 ac
Current owner
From public records · entity-resolved
Mansion Partners Ltd
Entity
Mailing address
2807 EASTGROVE LN, HOUSTON, TX 77027-5209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
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
Apr 1, 2019
—
Falls Of Deer Park LP
—
Deed
related
$15,200 · Greystone Svcng Corp
Dec 23, 2002
—
Prudential Multifamily Mtg INC
—
Deed Of Trust
related
$10,118,000 · Federal National Mortgage Assn
May 21, 1998
—
Mansion Partners Ltd
Rector,tony K
Grant Deed
$2,900,000 · Column Financial INC
—
—
Falls Of Deer Park LP
—
Deed Of Trust
related
$15,200 · Greystone Svcng Corp
—
—
Mansion Partners Ltd
—
Deed Of Trust
related
$6,400,000 · Rialto Mtg Fin
—
—
Intergroup Casa Maria INC
—
Deed Of Trust
related
$10,118,000 · Prudential Multifamily Mtg INC
—
—
Mansion Partners Ltd
—
Deed Of Trust
related
$4,700,000 · Column Financial INC
—
—
Mansion Partners Ltd
—
Deed Of Trust
related
$4,559,099 · First Boston Mtg Secs Corp #20
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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