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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Garden apartment buildings
8787 Hammerly Blvd 234 Houston, TX 77080-6608
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3579190
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
BRICK
Total area
17,832 SF
Lot
9.79 ac (426,548 SF)
APN
432220000065
UPID
US82-3579190
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
-
Zocalo Apartments Apartment Complex
-
CinemaAnywhere Event Planning Wedding Service
-
Silva Fx (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Next Generation English | Tutoring, Writing, Editing, ESL Tutoring Service
-
WRX LLC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$880k
Owner & transaction history
8787 Hammerly LLC · 9 yrs held
8787 Hammerly LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+55.2%
Office building
$1.2M
+49.5%
Medical building
$1.1M
+37.2%
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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$830,000
Current use
RETAIL STORES
$1,285,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,240,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$1,140,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,060,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$294,784
Tax year 2022
Assessed value
$24,718,810
Assessed 2024
Previous assessed
$27,960,737
-11.6% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,005,455
Assessed improvement
$21,713,355
Land market value
$3,005,455
Improvement market value
$21,713,355
Total market value
$24,718,810
Applied tax rate
25.0000
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
2
Rooms
10
Bathrooms
1
Total area
17,832 SF
Lot
9.79 ac (426,548 SF)
APN
432220000065
UPID
US82-3579190
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
$830,000
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Rooms
10
Bathrooms
1
Lot
9.79 ac
Current owner
From public records · entity-resolved
8787 Hammerly LLC
Entity
Mailing address
610 COLOMA ST STE #730, SAUSALITO, CA 94965-1572
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
8787 Hammerly LLC
—
Deed
related
$500,000 · Manufacturers Bank
Jan 21, 2020
—
8787 Hammerly LLC
—
Deed
related
$2,378,652 · Iberiabank
Mar 1, 2017
—
8787 Hammerly LLC
—
Deed
related
$13,600,000 · Iberiabank
Oct 19, 2016
—
8787 Hammerly LLC
Marvky Corp
Grant Deed
related
—
Aug 14, 2009
—
Marvky Corp
—
Trustees Deed
related
$3,312,547 · Collateral Mortgage Ltd
Jul 1, 1997
$3,575,893
Wmfmt Real Estate LP
Village Park II
Trustees Deed
—
Mar 21, 1997
—
Wmfmt Real Estate LP
Village Park II
Grant Deed
related
—
—
—
8787 Hammerly LLC
—
Deed Of Trust
related
$2,378,652 · Iberiabank
—
—
8787 Hammerly LLC
—
Loan Modification
related
$13,600,000 · Iberiabank
—
—
Marvky Corp
—
Deed Of Trust
related
$3,500,000 · Icon Bank Of Texas
—
—
8787 Hammerly LLC
—
Deed Of Trust
related
$13,600,000 · Iberiabank
—
—
Marvky Corp
—
Deed Of Trust
related
$3,290,636 · Federal National Mortgage Assn
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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