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    Property profile & analytics

    16110 Kuykendahl Rd, Unit 137 Houston, TX 77068-3343

    • Garden apartment buildings
    • 4,624 SF
    • 5.33 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    6.3%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US82-7407418
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hampton Park Apartments by TOKI / Apartment Complex

    Property Details for 16110 Kuykendahl Rd

    Year built
    2009
    Construction
    BRICK
    Lot size
    5.33 lot acres
    Property size
    4,624 SF
    Property type
    Garden apartment buildings
    APN
    1441990010001
    APU
    1441990010001

    Description

    This exceptional 52-unit apartment complex, Hampton Park Apartments, presents a compelling investment opportunity in Houston, Texas. Completed in 2024, this property boasts ten buildings situated on approximately 2.87 acres along the high-traffic Kuykendahl Road (50,000-60,000 vehicles daily), offering excellent visibility and accessibility. Conveniently located about eight minutes west of I-45 and fifteen minutes west of George Bush Intercontinental Airport, the property benefits from a strong population base: 317,148 residents within a five-mile radius and nearly 1,000,000 within ten miles. Currently in the lease-up phase, Phase I comprises 52 units averaging 759 square feet, with rents averaging $1,369 per unit ($1.80 per square foot). The property is offered fee-simple and free and clear. A significant advantage is the inclusion of complete plans and permits for Phase II, which will add 80 more units across four buildings on an additional 2.5 acres, presenting substantial future development potential. This is a rare opportunity to acquire a high-performing asset with immediate income and significant upside. The property's prime location, strong occupancy rates, and expansion potential make it an attractive investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $835,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $875,000
      6.5%
      $805,000
      7%
      $750,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.465
    Latitude
    30.0116
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $49,623
    $1,119,735
    $4,729,235
    $5,848,970
    -
    $1,119,735
    $4,729,235
    $5,848,970

    Comparable in this City

    • Value Estimation
      $805,000
      31,224 SF

      14723 T C Jester Blvd, Unit 312

      GARDEN APT, COURT APT (5+ UNITS) • 31,224 SF
      14723 T C Jester Blvd, Houston, TX 77068-2152
      View Details
    • Value Estimation
      $505,000
      11,288 SF

      2431 Cypress Crk Pkwy, Unit 354

      GARDEN APT, COURT APT (5+ UNITS) • 11,288 SF
      2431 Cypress Crk Pkwy, Houston, TX 77068-3710
      View Details
    • Value Estimation
      $835,000
      32,265 SF

      4200 Cypress Crk Pkwy, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 32,265 SF
      4200 Cypress Crk Pkwy, Houston, TX 77068-3432
      View Details
    • Value Estimation
      $220,000
      12,784 SF

      16700 Kuykendahl Rd, Unit 286

      GARDEN APT, COURT APT (5+ UNITS) • 12,784 SF
      16700 Kuykendahl Rd, Houston, TX 77068-2221
      View Details
    • Value Estimation by Request
      0.01 Acres

      2314 Cypress Crk Pkwy

      VACANT COMMERCIAL LAND • 0.01 Acres
      2314 Cypress Crk Pkwy, Houston, TX 77068-3702
      View Details
    • Value Estimation by Request
      0.10 Acres

      4224 Cypress Crk Pkwy Ste, Unit 1004

      VACANT COMMERCIAL LAND • 0.10 Acres
      4224 Cypress Crk Pkwy Ste, Houston, TX 77068-3462
      View Details

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      Retail space available for lease in Houston, Texas.
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    Houston, TX 77068-3343
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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
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