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Property profile & analytics
OFF-MARKET
Apartment buildings
902 Herbert Ave 8 Pasadena, TX 77506-4737
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0209099
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
FRAME
Total area
5,808 SF
Lot
0.26 ac (11,221 SF)
APN
701290030001
UPID
US82-0209099
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
-
Herbert Place Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pietto Vasco · 2 yrs held
Pietto Vasco
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,821
Tax year 2022
Assessed value
$614,707
Assessed 2024
Previous assessed
$600,012
+2.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$112,200
Assessed improvement
$502,507
Land market value
$112,200
Improvement market value
$502,507
Total market value
$614,707
Applied tax rate
21.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1957
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
2
Rooms
1
Bathrooms
1
Total area
5,808 SF
Lot
0.26 ac (11,221 SF)
APN
701290030001
UPID
US82-0209099
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
Building & site characteristics
From public records
Year built
1957
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Rooms
1
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Pietto Vasco
Individual
Mailing address
2814 GEORGETOWN ST, HOUSTON, TX 77005-3026
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 2, 2024
—
Pietto Vasco
Kl Raye Properties LLC
Venders Lien
$450,000 · Legions Capital INC
Mar 14, 2005
—
Chacko Bijou
James K Davis
Warranty Deed
$29,000 · Silver Hill Financial LLC
May 22, 2003
—
James K Davis
Red Rock Family Partner Ltd
Grant Deed
$176,000 · Bank Of America
Jun 22, 1999
—
Jason Edwards
Park,steve
Grant Deed
related
—
—
—
Jason Edwards
—
Deed Of Trust
related
$150,000 · First Choice 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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