Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Garden apartment buildings
7500 Pinemont Dr 296 Houston, TX 77040-6421
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4041527
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
10,710 SF
Lot
8.39 ac (365,460 SF)
APN
1077660000002
UPID
US82-4041527
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
-
Shadow Creek Apartments & Townhomes Apartment Complex Apartment Building
-
C&G Remodeling Construction Company General Contractor
-
SHINE AWAY CLEANING Hardware & Home Improvement
-
Burns Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$525k
Owner & transaction history
Gladsheim Re LLC · 4 yrs held
Gladsheim Re LLC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+95.4%
Restaurant
$720,000
+91.5%
Medical building
$685,000
+81.4%
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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$375,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +95% · Conversion: Difficult
RESTAURANT
$720,000
Change: +91% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +81% · Conversion: Moderate
RETAIL STORES
$600,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$365,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$49 / 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
$284,453
Tax year 2022
Assessed value
$21,097,960
Assessed 2024
Previous assessed
$21,866,189
-3.5% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,923,680
Assessed improvement
$18,174,280
Land market value
$2,923,680
Improvement market value
$18,174,280
Total market value
$21,097,960
Applied tax rate
4.0000
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
23
Stories
2
Rooms
5
Bathrooms
1
Total area
10,710 SF
Lot
8.39 ac (365,460 SF)
APN
1077660000002
UPID
US82-4041527
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
$375,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RESTAURANT
Est. value
$720,000
MEDICAL BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$365,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
23
Rooms
5
Bathrooms
1
Lot
8.39 ac
Current owner
From public records · entity-resolved
Gladsheim Re LLC
Entity
Mailing address
2718 FT CANEY DR, RICHMOND, TX 77406-9201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 17, 2022
—
Gladsheim Re LLC
—
Deed
related
$23,100,000 · Bds IV Mortgage Capital G LLC
Dec 3, 2018
—
Shadow Creek Houston LLC
—
Deed
related
$17,306,000 · Arbor Com'l Fndg I LLC
—
—
Shadow Creek Houston LLC
—
Deed Of Trust
related
$17,306,000 · Arbor Com'l Fndg I LLC
—
—
Am Shadow Creek LLC
—
Loan Modification
related
$2,335,000 · Citibank NA
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 7500 Pinemont Dr, Unit 296?
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.
