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Property profile & analytics
OFF-MARKET
Garden apartment buildings
9200 Bissonnet St 272 Houston, TX 77074-1412
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1547230
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
BRICK
Total area
3,218 SF
Lot
7.94 ac (345,871 SF)
APN
430640000013
UPID
US82-1547230
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
-
Diaz1231paint General Contractor Renovation Specialist
-
Mary's Cleaning Team Hardware & Home Improvement
-
Williamstown Apartments Apartment Complex
-
HECM Loans Loan Service Bank
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
Happy Town LLC · 11 yrs held
Happy Town LLC
since 2015
7 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
—
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
$191,312
Tax year 2022
Assessed value
$14,031,300
Assessed 2024
Previous assessed
$16,686,433
-15.9% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,766,960
Assessed improvement
$11,264,340
Land market value
$2,766,960
Improvement market value
$11,264,340
Total market value
$14,031,300
Applied tax rate
8.0000
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
24
Stories
2
Rooms
1
Bathrooms
6
Total area
3,218 SF
Lot
7.94 ac (345,871 SF)
APN
430640000013
UPID
US82-1547230
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
24
Rooms
1
Bathrooms
6
Lot
7.94 ac
Current owner
From public records · entity-resolved
Happy Town LLC
Entity
Mailing address
5710 HEART PNE WAY, KATY, TX 77494-0504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
—
Happy Town LLC
—
Deed
related
$7,500,000 · Arbor Com'l Fndg I LLC
Jan 7, 2015
—
Happy Town LLC
Forebes Home LLC
Grant Deed
related
—
Dec 12, 2013
—
Forebes Home LLC
Optimum Williamstown LLC
Grant Deed
$2,500,000 · Goodwell Town INC
May 31, 2012
—
Optimum Williamstown LLC
Abtahi,khosrow
Grant Deed
related
—
Jan 10, 2012
—
Khosrow Abtahi
Abtahi,ali R
Quit Claim Deed
related
—
Jan 10, 2012
$3,001
Ali Abtahi
Constable Of Harris County
Trustees Deed
—
Sep 21, 2009
—
Optimum Williamstown LLC
Diep Residential LLC
Warranty Deed
related
—
Jun 8, 2009
—
Diep Residential LLC
Creekstone Holdings I LLC
Warranty Deed
$6,000,000 · Metrobank
Sep 25, 2007
—
Creekstone Holdings I LLC
Juniper 9200 Bissonnet Ltd
Grant Deed
related
$6,650,772 · Banc Of America Commercial Mtg
Nov 21, 2002
—
Juniper 9200 Bissonnet Ltd
Tvo Southwest Partners LP
Grant Deed
$5,675,000 · Bank Of America
—
—
Forebes Home LLC
—
Deed Of Trust
related
$5,000,000 · American First Nat'l Bk
—
—
Happy Town LLC
—
Deed Of Trust
related
$7,500,000 · Arbor Com'l Fndg I LLC
—
—
Juniper 9200 Bissonnet Ltd
—
Deed Of Trust
related
$6,800,000 · Bank Of America
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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