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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Garden apartment buildings
9701 Meyer Frst Dr 345 Houston, TX 77096-4314
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0496844
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1993
Construction
FRAME
Total area
26,832 SF
Lot
11.01 ac (479,748 SF)
APN
1175190000001
UPID
US82-0496844
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
-
Meyer Forest Apartment Building Apartment Complex
-
printop.store (Bike/Boat/Book/etc) Store Printing Service
-
Steam Cleaning Houston Water Damage Restoration Service Carpet Cleaning Service
-
On the Rocks Beauty Co. Cosmetic Store
-
Brand Reps Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$980k
Owner & transaction history
Meyer Houston Property LLC · 4 yrs held
Meyer Houston Property LLC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+49.0%
Warehouse, storage
$1.3M
+43.8%
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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$915,000
Current use
RETAIL STORES
$1,360,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,315,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$37 / 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
$1,107,340
Tax year 2022
Assessed value
$50,490,982
Assessed 2024
Previous assessed
$54,959,990
-8.1% YoY
Effective rate
2.19%
On assessed value
Assessed land
$4,797,480
Assessed improvement
$45,693,502
Land market value
$4,797,480
Improvement market value
$45,693,502
Total market value
$50,490,982
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
14
Stories
3
Rooms
2
Bathrooms
1
Total area
26,832 SF
Lot
11.01 ac (479,748 SF)
APN
1175190000001
UPID
US82-0496844
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
$915,000
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
14
Rooms
2
Bathrooms
1
Lot
11.01 ac
Current owner
From public records · entity-resolved
Meyer Houston Property LLC
Entity
Mailing address
2121 ROSECRANS AVE STE #4325, EL SEGUNDO, CA 90245-4744
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 14, 2022
—
Meyer Houston Property LLC
Meyer Park Apartments LLC
Special Warranty Deed
$49,340,000 · Loancare Capital Credit Reit LLC
Nov 21, 2016
—
Meyer Park Apartments LLC
Triden Meyer Park LLC
Quit Claim Deed
$28,175,000 · Berkeley Point Cap
Feb 5, 2008
—
Triden Meyer Park LLC
USA Meyer Park I LLC
Grant Deed
$20,120,000 · Capmark Bank
—
—
Triden Meyer Park LLC
—
Deed Of Trust
related
$22,991,000 · Prudential Affordable Mtg
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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