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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
High-rise multifamily apartments
909 Texas St 308 Houston, TX 77002-3197
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2858729
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1913
Construction
BRICK
Total area
438,553 SF
Lot
1.06 ac (46,130 SF)
APN
10570000009
UPID
US82-2858729
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
-
Chipotle Mexican Grill Restaurant
-
Kraft Kennedy Business Management Consultant
-
OmniForce Solutions, LLC Employment Agency
-
TheAmberSmoke Theater & Performing Art Venue Nightclub
-
Mamajuana Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Ch Realty Mf Houston Rice Vi LP · 3 yrs held
Ch Realty Mf Houston Rice Vi LP
since 2023
6 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$5 / 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
$1,279,405
Tax year 2022
Assessed value
$63,454,905
Assessed 2024
Previous assessed
$63,500,000
-0.1% YoY
Effective rate
2.02%
On assessed value
Assessed land
$13,839,000
Assessed improvement
$49,615,905
Land market value
$13,839,000
Improvement market value
$49,615,905
Total market value
$63,454,905
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
1913
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
18
Rooms
1
Bathrooms
2
Total area
438,553 SF
Lot
1.06 ac (46,130 SF)
APN
10570000009
UPID
US82-2858729
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
1913
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
18
Buildings
2
Rooms
1
Bathrooms
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Ch Realty Mf Houston Rice Vi LP
Entity
Mailing address
3323 NE 163RD ST STE #308, NORTH MIAMI BEACH, FL 33160-5596
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2023
—
Ch Realty Mf Houston Rice Vi LP
Houston Housing Finance Corporation
Ground Lease
related
$48,870,000 · Mc Ca Aleq Sub Trust
Feb 4, 2021
—
Ch Realty Mf Houston Rice Vi LP
—
Deed
related
$48,870,000 · Arescre Lender LLC
May 25, 2018
—
Ch Retail Fund II Of Spring Louet
—
Grant Deed
related
$200,000,000 · Miscellaneous Ins Co
Dec 21, 1999
—
Anthony J Piazza 1993 Ltd
Piazza,johanna T
Quit Claim Deed
related
—
Feb 28, 1997
—
Houston Housing Finance Corp
Redevelopment Agency Houston
Quit Claim Deed
related
—
—
—
Ch Realty Of Mf Houston Rice Vi L
—
Loan Modification
related
$62,485,000 · Hsbc Bk USA NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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