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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Garden apartment buildings
9402 Synott Rd 108 Houston, TX 77083-6279
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2501437
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
BRICK
Total area
11,742 SF
Lot
3.95 ac (172,136 SF)
APN
471340000033
UPID
US82-2501437
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
-
Synott Square Apartment Complex Property Management Company
-
Yolani House Cleaners General Contractor
-
Blume innovations Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Social Cubes Charitable Organization Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$1.03M
Owner & transaction history
Wga Legacy Properties LLC · 9 yrs held
Wga Legacy Properties LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+103.0%
Commercial (general)
$1.0M
+74.3%
Auto repair, garage
$900,000
+54.1%
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 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
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
RESTAURANT
$1,185,000
Change: +103% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$900,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$750,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$88 / 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
$79,171
Tax year 2022
Assessed value
$9,767,909
Assessed 2024
Previous assessed
$11,109,326
-12.1% YoY
Effective rate
0.81%
On assessed value
Assessed land
$602,476
Assessed improvement
$9,165,433
Land market value
$602,476
Improvement market value
$9,165,433
Total market value
$9,767,909
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
2
Rooms
1
Bathrooms
3
Total area
11,742 SF
Lot
3.95 ac (172,136 SF)
APN
471340000033
UPID
US82-2501437
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
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$900,000
OFFICE BUILDING
Est. value
$815,000
MEDICAL BUILDING
Est. value
$750,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
8
Rooms
1
Bathrooms
3
Lot
3.95 ac
Current owner
From public records · entity-resolved
Wga Legacy Properties LLC
Entity
Mailing address
4015 WINDMILL CRK DR, RICHMOND, TX 77407-3239
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2016
—
Wga Legacy Properties LLC
Mbcky Corp
Grant Deed
$4,737,000 · Greystone Svcg
Jun 28, 2016
—
Mbcky Corp
—
Deed
related
$1,554,250 · Icon Bk/tx NA
—
—
Mbcky Corp
—
Loan Modification
related
$1,642,320 · Icon Bk/tx NA
—
—
Mbcky Corp
—
Loan Modification
related
$1,554,250 · Icon Bk/tx NA
—
—
Mbcky Corp
—
Deed Of Trust
related
$1,750,000 · Icon Bk/tx 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.
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