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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Garden apartment buildings
7610 Fallbrook Dr 144 Houston, TX 77086-2527
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US82-0191134
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
BRICK
Total area
11,588 SF
Lot
5.19 ac (226,076 SF)
APN
471270000030
UPID
US82-0191134
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
-
Express Payday Loans Loan Service
-
Prima Apartment Complex
-
Coronado Park Apartments Apartment Complex Apartment Building
-
tacos de canasta estilo DF Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.09M
Owner & transaction history
Mbs-cedar Pointe Ltd · 29 yrs held
Mbs-cedar Pointe Ltd
since 1996
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+66.5%
Restaurant
$1.2M
+61.0%
Retail stores
$820,000
+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)
$725,000
Current use
AUTO REPAIR, GARAGE
$1,205,000
Change: +66% · Conversion: Difficult
RESTAURANT
$1,165,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$820,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$740,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$94 / 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
$8,578
Tax year 2022
Assessed value
$11,131,369
Assessed 2024
Previous assessed
$10,355,338
+7.5% YoY
Effective rate
0.08%
On assessed value
Assessed land
$904,304
Assessed improvement
$10,227,065
Land market value
$904,304
Improvement market value
$10,227,065
Total market value
$11,131,369
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
2
Rooms
3
Bathrooms
1
Total area
11,588 SF
Lot
5.19 ac (226,076 SF)
APN
471270000030
UPID
US82-0191134
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
$725,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$820,000
OFFICE BUILDING
Est. value
$805,000
MEDICAL BUILDING
Est. value
$740,000
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
11
Rooms
3
Bathrooms
1
Lot
5.19 ac
Current owner
From public records · entity-resolved
Mbs-cedar Pointe Ltd
Individual
Mailing address
PO BOX 690847, HOUSTON, TX 77269-0847
Ownership since
1996
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
Nov 27, 2019
—
Wharton V LLC
—
Deed
related
$6,175,000 · Arbor Com'l Fndg I LLC
Oct 28, 1996
—
Mbs-cedar Pointe Ltd
Bankers Trust Co NA Trustee
Grant Deed
$1,750,000 · Univest Mortgage Capita LLC
—
—
Wharton V LLC
—
Deed Of Trust
related
$6,175,000 · Arbor Com'l Fndg I LLC
—
—
Wharton V LLC
—
Deed Of Trust
related
$4,100,000 · Arbor Com'l Mtg
—
—
Wharton V Ltd
—
Deed Of Trust
related
$3,000,000 · Everbank
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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