Residential Income Property with Smart
For Sale
$429,990
5916 Shelburne St, Humble, TX 77396
The 2026-built property includes ENERGY STAR-qualified appliances, electric ceiling fans, and a smart thermostat.
Property Size2,182 SF
Price / SF$197.06
Days on Market23
Property Features for 5916 Shelburne St
General Information
Standard status
Active
Size
2,182 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
RA Brokers
(281) 804-2288
Listed By:
Anthony Vu
(281) 804-2288
Source:
Exprealty
Added: Aug 1
Changed: Aug 23
Last Checked: Aug 23 at 4:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RA Brokers
Investment Insights
Based on property information with market context.
This residential income property at 5916 Shelburne Street was built in 2026 and includes electric ceiling fans, a smart thermostat, and ENERGY STAR-qualified appliances such as a microwave and dishwasher. The property also features paved exterior improvements.
The property is located in Harris County in Humble, Texas. Access is available from I-69 via Eastex Fwy Rd and exit 137B, with travel continuing along Tidwell Road to Pembrook Street.
The property is located in Harris County in Humble, Texas. Access is available from I-69 via Eastex Fwy Rd and exit 137B, with travel continuing along Tidwell Road to Pembrook Street.
Key Highlights
- Built in 2026
- ENERGY STAR‑qualified appliances include a microwave and dishwasher
- Smart thermostat included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,340
$289.3K
Cap Rate 7%
$206,671
$206.7K
Cap Rate 9%
$160,744
$160.7K
Market Conditions
NOI Build-Up for 2,182 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.1K $13.32/SF
− Vacancy
−$2.8K −$1.27/SF
EGI
$26.3K $12.05/SF
− OpEx
−$11.8K −$5.42/SF
NOI
$14.5K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,340
Cap Rate 7%
$206,671
Cap Rate 9%
$160,744
Alternative Uses
Best Use
Apartment 5plus
$206.7K
$180.8K – $241.1K
NOI $14,467 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$595.8K
$521.3K – $695.1K
NOI $41,706 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 77396, TX
61,058
Population
20,532
Households
3
Avg Household Size
32
Median Age
25%
College-Educated
83%
High-School Grad
24.9 sq mi
ZIP Area
2,452
Density / Sq Mi
$76,506
Median Household Income
$45,385
Median Earnings
$1,459
Median Rent
$234,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The 2026-built property includes ENERGY STAR-qualified appliances, electric ceiling fans, and a smart thermostat.
Where is this residential income property located?
The property is located at 5916 Shelburne St Humble, TX.
What is the asking price?
The asking price for this property is $429,990.
What are key features of this property?
This property features: Built in 2026; ENERGY STAR‑qualified appliances include a microwave and dishwasher; Smart thermostat included
