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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
High-rise multifamily apartments
7500 Kirby Dr 362 Houston, TX 77030-4300
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2961678
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1994
Construction
FRAME
Total area
25,446 SF
Lot
9.22 ac (401,558 SF)
APN
1177480000001
UPID
US82-2961678
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
-
Furnished Apartments | Medical Center | Houston | H.C.H Vacation Rental
-
Finding Rai Bodyworks Inc. Alternative Medicine Practice Spa & Massage Center
-
TMC | Furnished Apt. Medical Center Vacation Rental
-
Comfy Living Arrangements Vacation Rental Real Estate Agency
-
Kim Justin MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.31M
Owner & transaction history
Strata Kirby LLC · 11 yrs held
Strata Kirby LLC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+172.2%
Restaurant
$2.6M
+94.9%
Auto repair, garage
$2.4M
+79.9%
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
COMMERCIAL (GENERAL)
$3,595,000
Change: +172% · Conversion: Moderate
RESTAURANT
$2,570,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,375,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,875,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$1,770,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$1,575,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±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
$91 / 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
$1,483,825
Tax year 2022
Assessed value
$60,248,187
Assessed 2024
Previous assessed
$73,645,849
-18.2% YoY
Effective rate
2.46%
On assessed value
Assessed land
$34,132,430
Assessed improvement
$26,115,757
Land market value
$34,132,430
Improvement market value
$26,115,757
Total market value
$60,248,187
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
19
Stories
4
Rooms
1
Bathrooms
6
Total area
25,446 SF
Lot
9.22 ac (401,558 SF)
APN
1177480000001
UPID
US82-2961678
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
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
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
1994
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
19
Rooms
1
Bathrooms
6
Lot
9.22 ac
Current owner
From public records · entity-resolved
Strata Kirby LLC
Entity
Mailing address
5728 LYNDON B JOHNSON FWY STE #400, DALLAS, TX 75240-6357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
Kv Kimpton Apartments LLC
—
Deed
related
$192,000,000 · Invesco Cmi Investments LP
Mar 24, 2015
—
Strata Kirby LLC
Gs Kirby Place I LP
Grant Deed
$49,010,000 · Holliday Fenoglio Fowler
Sep 7, 2007
—
Kirby Place I Gs
Eqr-watson General Ptshp
Deed Of Trust
related
$35,500,000 · Hartford Life Insurance Co
Oct 24, 1997
—
Watson General Ptshp Eqr
Apt Ind/apts Realty INC
Grant Deed
related
—
—
—
Gs Kirby Place I LP
—
Deed Of Trust
related
$42,490,000 · M & T Realty Capital Corp
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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