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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Garden apartment buildings
905 Ashland Blvd 123 Channelview, TX 77530-2628
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0974800
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Construction
WOOD FRAME
Total area
7,368 SF
Lot
3.52 ac (153,331 SF)
APN
760590040017
UPID
US82-0974800
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
-
Casa de Grande Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$750k
Owner & transaction history
Chelsea Ents LP · 9 yrs held
Chelsea Ents LP
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+132.0%
Auto repair, garage
$665,000
+46.7%
Restaurant
$640,000
+40.5%
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 Channelview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Channelview 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
$750,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$455,000
Current use
OFFICE BUILDING
$1,055,000
Change: +132% · Conversion: Moderate
AUTO REPAIR, GARAGE
$665,000
Change: +47% · Conversion: Difficult
RESTAURANT
$640,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$470,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$102 / 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
$61,387
Tax year 2022
Assessed value
$7,371,907
Assessed 2024
Previous assessed
$8,428,946
-12.5% YoY
Effective rate
0.83%
On assessed value
Assessed land
$459,993
Assessed improvement
$6,911,914
Land market value
$459,993
Improvement market value
$6,911,914
Total market value
$7,371,907
Applied tax rate
6.0000
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
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
2
Rooms
2
Bathrooms
1
Total area
7,368 SF
Lot
3.52 ac (153,331 SF)
APN
760590040017
UPID
US82-0974800
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
$455,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$665,000
RESTAURANT
Est. value
$640,000
RETAIL STORES
Est. value
$620,000
MEDICAL BUILDING
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$470,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Rooms
2
Bathrooms
1
Lot
3.52 ac
Current owner
From public records · entity-resolved
Chelsea Ents LP
Entity
Mailing address
1207 COUNTY RD 216, WEIMAR, TX 78962-3759
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2016
—
Chelsea Ents LP
—
Deed
related
$3,100,000 · Pinnacle Bk
—
—
Chelsea Ents LP
—
Deed Of Trust
related
$2,220,000 · Industrial Alliance Pacific In
—
—
Chelsea Ents LP
—
Deed Of Trust
related
$3,100,000 · Pinnacle Bk
—
—
Chelsea Ents
—
Deed Of Trust
related
$2,362,500 · Lasalle National 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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