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Property profile & analytics
OFF-MARKET
Garden apartment buildings
9802 Forum Park Dr 708, Houston, TX 77036-8207
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4268289
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Construction
FRAME
Total area
10,788 SF
Lot
24.12 ac (1,050,785 SF)
APN
1121370000013
UPID
US82-4268289
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
-
The Reserve at Westwood (back entrance) Apartment Complex
-
The Reserve At Westwood. Apartment Complex
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
Westwood Houston Owner LLC · 1 yrs held
Westwood Houston Owner LLC
since 2025
3 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
$821,650
Tax year 2022
Assessed value
$66,666,694
Assessed 2024
Previous assessed
$71,665,223
-7.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$12,609,408
Assessed improvement
$54,057,286
Land market value
$12,609,408
Improvement market value
$54,057,286
Total market value
$66,666,694
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
58
Stories
2
Rooms
3
Bathrooms
1
Total area
10,788 SF
Lot
24.12 ac (1,050,785 SF)
APN
1121370000013
UPID
US82-4268289
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
58
Rooms
3
Bathrooms
1
Lot
24.12 ac
Current owner
From public records · entity-resolved
Westwood Houston Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
745 5TH AVE FL, NEW YORK, NY 10151-0099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Westwood Houston Owner LLC
Edcouch Community Housing Finance C
Deed
—
Apr 5, 2023
—
Westwood Houston Owner LLC
—
Deed
related
$66,518,170 · Arbor Realty SR INC
Apr 29, 2022
—
Westwood Bissonnet Houston Borrower
—
Deed
related
$65,700 · Arbor Realty SR INC
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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