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    Miriam Ramirez, Spring, TX

    License ID: 0526512
    Texas Prominent Realty Inc
    Years of Experience
    20

    Service Locations

    Contact details

    Phone:
    (832) 628-5950

    Performance

    Listings
    10
    Total transactions
    118
    Total transactions amount
    $32M
    Price range
    $181k - 407k
    Average price
    $271k

    Listings

    For Sale (7)

    View map
    • $80,000

      Residential Lot Near I-69

      6,195 sq ft lot near I-69 and Downtown Houston.
      6519 Rosemary Ln, Houston, TX 77016
      View Details
    • $64,000

      Waterfront Lot Near Downtown Huntsville

      Waterfront lot with community amenities, near downtown Huntsville.
      196 N Forest Dr, Huntsville, TX 77340
      View Details
    • $950,000

      Versatile Property with Warehouse & Homes

      1.22 acres with warehouse and mobile homes for sale.
      113 Pin Oak Dr, Highlands, TX 77562
      View Details
    • $349,000
      1,200 SF

      Versatile Flex Space in Magnolia

      Functional flex space with roll-up door in prime location.
      5432 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $450,000

      Chappell Hill Income-Generating Property

      3.684-acre property with rental income potential near historic downtown.
      2201 Hendrickson Ln, Chappell Hill, TX 77426
      View Details
    • $1,700,000
      4,108 SF

      Turn-Key Mechanic Shop For Sale

      Mechanic shop on fenced lot near major roads.
      21123 Rhodes Rd, Spring, TX 77388
      View Details
    • $499,000
      1,900 SF

      Baytown Retail Property For Sale

      Retail property available for purchase in Baytown, Texas.
      2915 Market St, Baytown, TX 77520
      View Details

    For Lease (3)

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    • $2,000 /Mo
      2,746 SF

      Prime Retail/Office Space Available

      Highly accessible retail or office space in a bustling neighborhood.
      11611 Homestead Rd, Houston, TX 77016
      View Details
    • $9 SF/Yr
      4,000 SF

      Houston Flex Space For Rent

      4,000 sq ft flex space in prime Houston location.
      6107 W 34Th St, Houston, TX 77092
      View Details
    • $3,500 /Mo
      1,566 SF

      Remodeled Office Building Near Airport

      Gated office building with modern amenities, convenient location.
      5905 Treaschwig Rd, Spring, TX 77373
      View Details

    Leases and Sales on Map

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    • For Lease

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    Miriam Ramirez, Spring, 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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