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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Garden apartment buildings
8400 Broadway St 210 Houston, TX 77061-1812
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0515890
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
BRICK
Total area
12,656 SF
Lot
6.65 ac (289,853 SF)
APN
402390000002
UPID
US82-0515890
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
-
Broadway Villaje apartamens Apartment Complex
-
Woodlen Place Apartment Building
-
8400Broadway Village Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.16M
Owner & transaction history
Apt Broadway Village LLC · 8 yrs held
Apt Broadway Village LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+161.9%
Auto repair, garage
$1.4M
+112.1%
Restaurant
$1.3M
+96.6%
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)
$1,705,000
Change: +162% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,380,000
Change: +112% · Conversion: Difficult
RESTAURANT
$1,280,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$810,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$800,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$264,184
Tax year 2022
Assessed value
$10,865,221
Assessed 2024
Previous assessed
$13,112,122
-17.1% YoY
Effective rate
2.43%
On assessed value
Assessed land
$1,449,265
Assessed improvement
$9,415,956
Land market value
$1,449,265
Improvement market value
$9,415,956
Total market value
$10,865,221
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
18
Stories
2
Rooms
1
Bathrooms
1
Total area
12,656 SF
Lot
6.65 ac (289,853 SF)
APN
402390000002
UPID
US82-0515890
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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$880,000
MEDICAL BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$800,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
18
Rooms
1
Bathrooms
1
Lot
6.65 ac
Current owner
From public records · entity-resolved
Apt Broadway Village LLC
Entity
Mailing address
2205 AVE I STE #117, ROSENBERG, TX 77471-2651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2018
—
Apt Broadway Village LLC
—
Grant Deed
related
$20,000,000 · Dmp Gatesco LLC
Aug 25, 2017
—
Apt Broadway Village LLC
Hobby Village Apartment LLC
Grant Deed
related
—
Jun 16, 2005
—
Apartments Of Woodlen Place LLC
Davis Brothers Prop Dev LLC
Grant Deed
$3,375,000 · Imperial Capital Bank
—
—
Apt Broadway Village LLC
—
Deed Of Trust
related
$2,985,300 · Private Individual
—
—
Apt Broadway Village LLC
—
Loan Modification
related
$2,985,300 · Private Individual
—
—
Aptbp LLC
—
Loan Modification
related
$3,477,500 · Amg Texas Capital LLC
—
—
Apt Broadway Village LLC
—
Loan Modification
related
$2,790,000 · Amg Texas Cap LLC
—
—
Apt Broadway Village LLC
—
Loan Modification
related
$2,985,300 · Amg Texas Capital
—
—
Aptbc LLC
—
Deed Of Trust
related
$5,500,000 · Arbor Agcy Lndg LLC
—
—
Apthz LLC
—
Loan Modification
related
$1,040,000 · Amg Texas Capital LLC
—
—
Apt Broadway Village LLC
—
Deed Of Trust
related
$30,500,000 · Starwood Mtg Cap
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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