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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Garden apartment buildings
920 Houston Ave 360 Pasadena, TX 77502-2221
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2842228
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Construction
BRICK
Total area
8,656 SF
Lot
9.59 ac (417,915 SF)
APN
513370000097
UPID
US83-2842228
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
-
Emerald Pointe Apartments Apartment Building Apartment Complex
-
Argueta autospa Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$785k
Owner & transaction history
Aptep LLC · 8 yrs held
Aptep LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+137.4%
Restaurant
$1.1M
+99.9%
Auto repair, garage
$840,000
+58.1%
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
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
APARTMENT HOUSE (5+ UNITS)
$530,000
Current use
COMMERCIAL (GENERAL)
$1,260,000
Change: +137% · Conversion: Moderate
RESTAURANT
$1,060,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$630,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$610,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$520,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$305,880
Tax year 2022
Assessed value
$23,798,279
Assessed 2024
Previous assessed
$26,907,141
-11.6% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,089,573
Assessed improvement
$21,708,706
Land market value
$2,089,573
Improvement market value
$21,708,706
Total market value
$23,798,279
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
29
Stories
2
Rooms
1
Bathrooms
3
Total area
8,656 SF
Lot
9.59 ac (417,915 SF)
APN
513370000097
UPID
US83-2842228
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
$530,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$840,000
MEDICAL BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$610,000
OFFICE BUILDING
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
1964
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
29
Rooms
1
Bathrooms
3
Lot
9.59 ac
Current owner
From public records · entity-resolved
Aptep LLC
Entity
Mailing address
2205 AVE I STE #117, ROSENBERG, TX 77471-2651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jan 28, 2020
—
Aptep LLC
—
Deed
related
$2,000,000 · Donald L Poarch INC
Apr 9, 2019
—
Aptep LLC
—
Grant Deed
related
$20,000,000 · Dmp Gatesco LLC
Feb 16, 2018
—
Aptep LLC
Amg Emerald Pointe LLC
Grant Deed
$14,500,000 · Green Bk
Jun 7, 2016
—
Amg Emerald Pointe LLC
Sca Emerald Pointe LP
Grant Deed
$10,600,000 · Green Bk
Dec 31, 2014
—
Sca Emerald Pointe LP
Cc Multifamily Investors LP
Trustees Deed
$7,450,000 · Wells Fargo Bk
Jul 7, 2009
—
Cc Multifamily Investors
Cathay Holdings 2 LLC
Grant Deed
$5,550,000 · Cathay Bk
Dec 28, 2007
—
Cathay Holdings LLC
E Pointe Properties I Ltd
Grant Deed
related
—
—
—
Cc Multifamily Investors LP
—
Loan Modification
related
$5,228,176 · Cathay Bank
—
—
Aptep LLC
—
Deed Of Trust
related
$2,000,000 · Donald L Poarch INC
—
—
Cc Multifamily Investors LP
—
Loan Modification
related
$4,956,122 · Cathay Bk
—
—
Cc Multifamily Investors LP
—
Loan Modification
related
$4,991,517 · Cathay Bk
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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