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    Property profile & analytics

    18120 Bellfort Richmond, TX 77407

    • Warehouses
    • 5,950 SF
    For Sale
    View listing
    $965,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jack it Up Foundation Specialists / General Contractor
    • Trans-American AC Supply Richmond, TX / Hardware & Home Improvement / Home Appliance Store
    • The Volleyball School / Training Center
    • US CARGO SERVICES / Shipping Company / Freight Service
    • ARG Dynamics / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 18120 Bellfort

    Year built
    2024
    Property size
    5,950 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.702
    Latitude
    29.6611

    Comparable in this City

    • Value Estimation by Request
      5,940 SF

      18120 Bellfort

      Refrigerated & Cold Storage • 5,940 SF
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      4,050 SF

      10621 Clodine Rd

      WAREHOUSE, STORAGE • 4,050 SF
      10621 Clodine Rd, Richmond, TX 77407-8523
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      9,600 SF

      19707 Fm 1093rd Rd

      WAREHOUSE, STORAGE • 9,600 SF
      19707 Fm 1093rd Rd, Richmond, TX 77407-8547
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    • Value Estimation by Request
      7,410 SF

      10621 Clodine Rd

      WAREHOUSE, STORAGE • 7,410 SF
      10621 Clodine Rd, Richmond, TX 77407-8523
      View Details
    • Value Estimation by Request
      21.60 Acres

      Grand Mission Blvd

      Land • 21.60 Acres
      0 Grand Mission Blvd, Richmond, TX 77407
      View Details
    • Value Estimation by Request
      1.30 Acres

      5150 Mdw Rnch Pkwy

      Land • 1.30 Acres
      5150 Mdw Rnch Pkwy, Richmond, TX 77407
      View Details

    Similar Nearby for Sale

    • $965,000
      5,950 SF

      Richmond Flex/Warehouse Investment Opportunity

      New 2024 Construction, Vacant, High Cap Rate
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    • Contact for pricing
      1.30 Acres

      Grand Meadows II Commercial Land

      1.3-Acre Shovel-Ready Commercial Lot
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    • $21,900,000
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      Grand Mission Blvd Land - 21.6 Acres

      Prime Commercial/Industrial Land in Richmond, TX
      0 Grand Mission Blvd, Richmond, TX 77407
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    • $1,500,000

      Commercial Land on Bellaire Boulevard

      Unrestricted commercial land with frontage on Bellaire Blvd and N Park Dr.
      Bellaire Blvd, Richmond, TX 77407
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      Unrestricted Land with Approved Plans

      Unrestricted land with approved shopping center plans and off-site detention.
      W Bellfort St, Richmond, TX 77407
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    • Contact for pricing

      Corner Land Parcel on Bellaire

      Unrestricted corner land with high traffic and easy access.
      Bellaire Blvd, Richmond, TX 77407
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
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      Grand Bellfort Building I

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      18120 Bellfort, Richmond, TX 77407
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      4,232 SF

      Richmond Flex Space For Lease

      Flex space in Richmond, TX, delivering Q3 2025.
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      39,175 SF

      Long Meadow Farms II Retail Space

      Richmond, TX Retail Center: High-traffic, prime location.
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      688,364 SF

      Richmond Retail Opportunity

      High-traffic retail space available
      7 Fm 1464 Rd, Richmond, TX 77407
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      1,575 SF

      Richmond Retail Center For Lease

      9,460 SF multi-tenant retail center in Richmond, Texas.
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      2,996 SF

      Prime Restaurant Space w/ Drive-Thru

      Freestanding building, 2996 sq ft, high traffic location.
      5410 Tx-99, Richmond, TX 77407
      View Details
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    18120 Bellfort
    Richmond, TX 77407
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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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