The Grove at Pinemont

7200 Pinemont Dr , Houston, TX 77040

The Grove at Pinemont is a renovated 411-unit multifamily community located in the Fairbanks-Northwest Crossing submarket of Houston, TX. The property was originally built in 2 phases, 1977 and 1978. It was renovated in 2018, and is comprised of 39 two-story apartment buildings of wood frame construction with hardie plank siding. Six spacious one- and two-bedroom floor plans are offered that range from 550 to 1217 square feet. Amenities may vary by unit and include fully equipped kitchens with tile backsplashes, hardwood-style flooring, and washer and dryer connections. The grounds are well-manicured and span 20.9 acres. Common areas include two resort-style swimming pools, a fitness center, and laundry facilities.  


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Highlights

  • Attractive assumable loan at 4.99% due in Nov 2030. Alternatively, Buyer may attain new financing.
  • Community of the Year - 2022 - Houston Apartment Association
  • Central location in northwest Houston along the U.S. 290 corridor between the 610 Loop and Beltway 8, providing convenient access to Houstons major hubs for employment, dining and entertainment. Close proximity to established Spring Branch, Oak Forest and Garden Oaks neighborhoods.
  • Substantial upside potential in rents through continued interior upgrades. 57 units have been fully remodeled; ~327 units have been partially upgraded and the remaining ~27 units are classic. Collectively, the average rental rates appear to be $150-$200 lower than fully renovated peers.
  • Washer/Dryer connections in all 2-bedroom floor plans, which consist of 144 units. New owner could add W/D connections to the remaining 267 units for an additional $50/ month rent increase. In-suite machines are not currently provided, which is an amenity that could increase Other Income further as well as incorporating valet trash service.
  • Clean, well-maintained community. Seller has completed over $8MM in renovations since 2016.
  • 8 non-revenue units are currently used for the following: 4 employee units; 2 model units and 2 units for a Kids Club.

Contacts

broker

Abraham Garza III

GREA

(713) 595-9582

broker

Jordon Emmott

GREA

(713) 595-9584

broker

Shayan Hasnain

(713) 595-9580

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent

  • Transit Score ®

    22/100 Minimal Transit

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Houston, TX
  • Neighborhood Fairbanks - Northwest Crossing
  • Zip Code 77040
  • Market Houston

Points of Interest

  • Northline Transit Center/HCC

    7.18 miles

  • Melbourne/North Lindale

    7.66 miles

  • Lindale Park

    7.84 miles

  • Cavalcade

    8.03 miles

  • Moody Park

    8.33 miles

  • Quitman/Near Northside

    8.85 miles

  • Fulton/North Central

    8.87 miles

  • Houston

    9.12 miles

  • Theater District (eastbound)

    9.37 miles

  • Burnett Transit Center

    9.38 miles

  • Shell

    0.42 miles

  • Chevron

    0.46 miles

  • Chevron

    0.55 miles

  • Valero

    0.65 miles

  • Chevron

    0.69 miles

  • Exxon

    0.82 miles

  • Shell

    0.90 miles

  • Exxon

    0.93 miles

  • Shell

    0.94 miles

  • Shell

    1.27 miles

  • West Little York Park & Ride

    4.02 miles

  • Northwest Transit Center Parking

    4.56 miles

  • Memorial City Mall Overflow Parking

    4.97 miles

  • Memorial City Plaza Parking Garage

    5.12 miles

  • North Shepherd Park & Ride

    5.49 miles

  • Omni Houston Hotel Parking Garage

    5.79 miles

  • WFT parking

    6.00 miles

  • Seton Lake Park & Ride

    6.19 miles

  • Northline Transit Center Parking

    7.15 miles

  • Shell Woodcreek Garage 1

    7.33 miles

  • Grand Tuscany Hotel

    0.27 miles

  • Regency Inn & Suites

    0.32 miles

  • Hampton Inn Houston-Brookhollow

    0.36 miles

  • Crestwood Suites of NW Houston

    0.40 miles

  • TownePlace Suites Houston Central/Northwest Freeway

    0.42 miles

  • Red Roof Inn Houston - Brookhollow

    0.44 miles

  • Econo Lodge

    0.46 miles

  • Sleep Inn & Suites

    0.46 miles

  • Quality Inn & Suites Hwy 290 - Brookhollow

    0.52 miles

  • Platinum Inn and Suites

    0.54 miles

  • Twin Peaks

    0.36 miles

  • Jimmy John's

    0.37 miles

  • Denny's

    0.38 miles

  • Dunkin'

    0.39 miles

  • Wendy's

    0.45 miles

  • Logan's Roadhouse

    0.49 miles

  • El Tiempo

    0.51 miles

  • Fuddruckers

    0.53 miles

  • IHOP

    0.54 miles

  • Chili's

    0.57 miles

  • Panda Path School

    0.76 miles

  • Clifton Middle School

    1.05 miles

  • Hollibrook Elementary School

    1.11 miles

  • Benbrook Elementary School

    1.16 miles

  • Holbrook Elementary School

    1.32 miles

  • Edgewood Elementary School

    1.51 miles

  • Saint Jerome School

    1.54 miles

  • Scarborough High School

    1.65 miles

  • YES Prep White Oak Campus

    1.65 miles

  • Landrum Middle School

    1.66 miles

  • KinderCare Learning Center

    3.29 miles

  • Super Kids Academy

    3.36 miles

  • Laugh N' Discover

    3.54 miles

  • Fairbanks KinderCare

    3.99 miles

  • Early Learning Campus of the Awty International School

    4.29 miles

  • The Kenworthy School

    5.21 miles

  • The Goddard School of Houston

    5.46 miles

  • Ages & Stages Child Care Center

    5.54 miles

  • Houston Heights Day Care

    6.51 miles

  • Kolbe Kids’ Early Childhood Program

    6.59 miles

Frequently Asked Questions

What is the total square footage of The Grove at Pinemont?

The Grove at Pinemont totals 318,772 square feet.

When was this property built?

The Grove at Pinemont was built in 1977.

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