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    4521 San Felipe St, Unit 1203 Houston, TX 77027

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    High-rise condo in River Oaks with stunning views and amenities.

    Property Features for 4521 San Felipe St

    General Information

    Standard status
    Active
    Exterior features
    Deck, Patio, Electric Dryer Hookup
    Interior features
    Security System, Central Air, Central, Electric, Zoned, Convection Oven, Dryer, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Oven, Washer, Instant Hot Water, Refrigerator

    Building Details

    Year built
    2018

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    Listing Contact
    Trey Young
    Source: Kw

    Listing Agency: Keller Williams Realty Houston Metropolitan Listing Agent: Trey Young

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    River Oaks High Rise Condo

    This high-rise unit, situated in the River Oaks District, features floor-to-ceiling windows that provide natural sunlight and views. The open floor plan is suitable for entertaining. The kitchen is equipped with Gaggenau and Thermador stainless steel appliances and Eggersmann cabinetry, including a gas cooktop, large island, and walk-in pantry. The primary bedroom includes an en suite bathroom with a large shower and deep soaking tub, as well as a custom-fitted closet. The secondary bedroom features large windows and space. A full-size washer and dryer are included. Arabella amenities include full-service valet, concierge, two swimming pools (a heated lap pool and an outdoor infinity pool), hot tub, fire pit, private lounge, fitness center, steam room, sauna, dog salon, and an outdoor summer kitchen. A guest pied-a-terre suite is available for visitors. The unit has 1573 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arabella Condominium Complex ChargePoint Charging Station Electric Vehicle Charging Station

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Real Estate Agency Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.453764
    Latitude
    29.746596

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    FAQs

    What type of property is this?
    Apartment building - High-rise condo in River Oaks with stunning views and amenities.
    Where is this apartment building located?
    The property is located at 4521 San Felipe St, Unit 1203 Houston, TX.
    What are key features of this property?
    This property features: - Prime location in the affluent River Oaks District.; - Breathtaking views and abundant natural light through floor-to-ceiling windows.; - High-end kitchen with Gaggenau & Thermador stainless steel appliances and Eggersmann cabinetry.
    Request Owner's contact information
    4521 San Felipe St, Unit 1203 Houston, TX 77027
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    Houston, TX 77027
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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.

    More about this property
    4521 San Felipe St, Unit 1203 Houston, TX 77027
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