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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Garden apartment buildings
7615 Grahamcrest Dr 49 Houston, TX 77061-1600
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2942703
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
BRICK
Total area
3,618 SF
Lot
1.37 ac (59,860 SF)
APN
780710010002
UPID
US83-2942703
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
-
The Bianca Apartments Apartment Complex
-
Grahamcrest Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Houston Portfolio 180 LLC · 5 yrs held
Houston Portfolio 180 LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$485,000
+161.9%
Auto repair, garage
$395,000
+112.1%
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
$655,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$485,000
Change: +162% · Conversion: Moderate
AUTO REPAIR, GARAGE
$395,000
Change: +112% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$178 / 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
$76,171
Tax year 2022
Assessed value
$3,145,283
Assessed 2024
Previous assessed
$3,780,571
-16.8% YoY
Effective rate
2.42%
On assessed value
Assessed land
$239,444
Assessed improvement
$2,905,839
Land market value
$239,444
Improvement market value
$2,905,839
Total market value
$3,145,283
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
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
1973
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Rooms
1
Bathrooms
1
Total area
3,618 SF
Lot
1.37 ac (59,860 SF)
APN
780710010002
UPID
US83-2942703
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
$485,000
AUTO REPAIR, GARAGE
Est. value
$395,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1973
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Rooms
1
Bathrooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Houston Portfolio 180 LLC
Entity
Mailing address
7010 LK HVN CT, SUGAR LAND, TX 77479-4804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
—
Houston Portfolio 180 LLC
F&s Grahamcrest LLC
Venders Lien
—
Oct 3, 2017
—
F & S Grahamcrest LLC
—
Deed
related
$1,400,000 · Hunt Mtg Ptrs LLC
Jan 31, 2017
—
F & S Grahamcrest LLC
7615 Grahamcrest LLC
Grant Deed
$1,400,000 · Integrity Bk Ssb
Nov 25, 2014
—
7615 Grahamcrest LLC
Blue Valley Apartments INC
Grant Deed
$875,000 · Graham Mtg
Jun 3, 2014
—
Federal Natl Mtg Assn
Glanowski Mark
Trustees Deed
related
—
Dec 17, 2007
—
Grahamcrest Apartments LLC
Christensen,roger S & Sarah F
Warranty Deed
$1,280,000 · Arbor Commercial Funding LLC
—
—
Roger S Christensen
—
Deed Of Trust
related
$525,000 · Secore Financial Corp
—
—
F & S Grahamcrest LLC
—
Deed Of Trust
related
$1,400,000 · Hunt Mtg Ptrs LLC
—
—
Roger S Christensen
—
Deed Of Trust
related
$715,000 · World Savings 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.
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