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Property profile & analytics
OFF-MARKET
Estimated value
$22,915,000
High-rise multifamily apartments
8333 Braesmain Dr 286 Houston, TX 77025-2940
Individually Owned
14-yr Hold
Free & Clear
Property ID
US82-2917256
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2006
Construction
WOOD FRAME
Total area
288,834 SF
Lot
5.19 ac (226,007 SF)
APN
1275760010001
UPID
US82-2917256
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
-
Houston Plant Market Event Planning Wedding Service
-
Monaco at Main Apartments Apartment Complex
-
D&M Distribution Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.63M
Blend (final)
Blend
$22.92M
Owner & transaction history
8333 Braesmain Apartments Hold · 14 yrs held
8333 Braesmain Apartments Hold
since 2012
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$37.9M
+189.1%
Restaurant
$31.8M
+142.4%
Auto repair, garage
$27.3M
+108.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$37,875,000
Change: +189% · Conversion: Moderate
RESTAURANT
$31,755,000
Change: +142% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,265,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$20,090,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$18,435,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$17,955,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,925,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$22.92M
Range $20.62M – $25.21M · ±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
$79 / 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
$1,148,049
Tax year 2022
Assessed value
$51,847,158
Assessed 2024
Previous assessed
$56,980,500
-9.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$13,560,360
Assessed improvement
$38,286,798
Land market value
$13,560,360
Improvement market value
$38,286,798
Total market value
$51,847,158
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
2006
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
4
Total area
288,834 SF
Lot
5.19 ac (226,007 SF)
APN
1275760010001
UPID
US82-2917256
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
$37.9M
RESTAURANT
Est. value
$31.8M
AUTO REPAIR, GARAGE
Est. value
$27.3M
OFFICE BUILDING
Est. value
$20.1M
MEDICAL BUILDING
Est. value
$18.4M
RETAIL STORES
Est. value
$18.0M
WAREHOUSE, STORAGE
Est. value
$15.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2006
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
4
Lot
5.19 ac
Current owner
From public records · entity-resolved
8333 Braesmain Apartments Hold
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2012
—
8333 Braesmain Apartments Hold
Braesmain Apartments LP
Quit Claim Deed
related
—
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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