Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Garden apartment buildings
7367 Kingsway Dr 40 Houston, TX 77087-6133
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3504588
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
BRICK
Total area
9,192 SF
Lot
1.36 ac (59,242 SF)
APN
410120010009
UPID
US83-3504588
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
-
Tropicana Apartments Apartment Complex Apartment Building
-
Princess House Nayeli Rubio Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$680k
Owner & transaction history
Michael Giuliano · 18 yrs held
Michael Giuliano
since 2008
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$945,000
+86.2%
Auto repair, garage
$930,000
+83.1%
Retail stores
$840,000
+65.2%
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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
RESTAURANT
$945,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +61% · Conversion: Moderate
MEDICAL BUILDING
$585,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$545,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$74 / 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
$35,909
Tax year 2022
Assessed value
$1,726,222
Assessed 2024
Previous assessed
$1,782,263
-3.1% YoY
Effective rate
2.08%
On assessed value
Assessed land
$414,694
Assessed improvement
$1,311,528
Land market value
$414,694
Improvement market value
$1,311,528
Total market value
$1,726,222
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
1964
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
2
Rooms
5
Bathrooms
1
Total area
9,192 SF
Lot
1.36 ac (59,242 SF)
APN
410120010009
UPID
US83-3504588
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
$510,000
RESTAURANT
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$930,000
RETAIL STORES
Est. value
$840,000
OFFICE BUILDING
Est. value
$820,000
MEDICAL BUILDING
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1964
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Rooms
5
Bathrooms
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Michael Giuliano
Individual
Mailing address
3535 INLAND EMPIRE BLVD, ONTARIO, CA 91764-4908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Feb 27, 2008
—
Michael Giuliano
Buffington,daniel R
Warranty Deed
$1,144,000 · Indymac Commercial Lending
Sep 12, 2006
—
Kim O T Vu
Vu,xuan T
Quit Claim Deed
related
$1,080,000 · Silver Hill Financial LLC
—
—
Tropicana Apartments LLC
—
Deed Of Trust
related
$1,000,000 · Bankfinancial NA
—
—
Tropicana Apartments LLC
—
Deed Of Trust
related
$920,000 · Wells Fargo Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7367 Kingsway Dr, Unit 40?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
