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    Blanca R.garza, Houston, TX

    License ID: 774653
    Keller Williams Realty
    Association
    Houston Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (713) 461-9393
    Office Address:
    7777 Katy Fwy Ste 272, Houston, TX, 77024

    Performance

    Listings
    9

    Listings

    For Sale (8)

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    • $2,100,000
      10,325 SF

      Houston Retail/Industrial Corner Property

      High-visibility commercial property in Houston's Galleria/Uptown area.
      3361 Fountain View Dr, Houston, TX 77057
      View Details
    • $2,900,000
      137,400 SF

      Improved Industrial Land For Sale

      3.1543 acres of improved industrial land ready for immediate use.
      2510 Sakowitz St, Houston, TX 77020
      View Details
    • Contact for pricing

      Splendora Food Truck Opportunity

      Prime commercial lot for food trucks with interstate access.
      24900 Hill And Dale Ave, Splendora, TX 77372
      View Details
    • Contact for pricing

      Truck Parking Facility on 13 Acres

      13-acre truck parking facility with easy access to major thoroughfares.
      8735 Howton St, Houston, TX 77028
      View Details
    • Contact for pricing
      4,889 SF

      Houston Mixed-Use Property for Sale

      Mixed-use property available in Houston, Texas, with 4889 square feet.
      Canal Ct, Houston, TX 77011
      View Details
    • Contact for pricing
      17,000 SF

      10330 Eastex Fwy, Houston, TX 77093-4902, Houston, TX 77093

      Retail space • 17,000 SF
      10330 Eastex Fwy, Houston, TX 77093
      View Details
    • Contact for pricing
      1,322 SF

      Humble Office Space Available

      Office property for sale in Humble, Texas, totaling 1,322 square feet.
      620 Atascocita Rd, Humble, TX 77396
      View Details
    • Contact for pricing
      4,200 SF

      Houston Industrial Property Available

      Industrial property with 4,200 square feet of space in Houston.
      E Mount Houston Rd, Houston, TX 77044
      View Details

    For Lease (1)

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    • Contact for pricing

      Prime End Cap Unit Available

      End cap unit near Highway 6, ready for occupancy.
      16316 Fm 529 Rd, Houston, TX 77095
      View Details

    Leases and Sales on Map

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    • For Lease

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    Blanca R.garza, Houston, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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