Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1515 Lakeville Dr Humble, TX 77339
    Back to Search
    Property profile & analytics

    1515 Lakeville Dr, Humble, TX 77339

    View on Map
    • Warehouses
    • 6,780 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PRECISION Instrument Manifolds, brought to you by Dynamic Controls & Sensors, Inc. / Factory / Industrial Manufacturer
    • Gates in Motion, Inc. / General Contractor / Construction Company
    • Home Air Conditioning and Heating / HVAC Service / General Contractor
    • Staybright Electric / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • Madd Air Heating & Cooling / HVAC Service / General Contractor

    Property Details for 1515 Lakeville Dr

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 6,780-square-foot warehouse in Harris County offers a single-tenant occupancy opportunity. The property boasts impressive features including a 16'8" clear height, a 19'6" roof height, and 17' eave height, providing ample vertical space for storage and operations. Loading is facilitated by one grade-level and one dock-high loading dock, ensuring efficient handling of goods. Security is enhanced by a gated entry with ample parking for employees and visitors. The warehouse is equipped with 3-phase electrical service, catering to a variety of industrial needs. An optional 0.57-acre laydown yard is available for additional storage or operational space. Strategically located just north of the main Kingwood entrance, this property offers unparalleled accessibility to major transportation arteries, including Hwy 59/I-69, FM 1960, Beltway 8, the Grand Parkway, and Intercontinental Airport. The address is 1515 Lakeville Dr, accessed via Russell Palmer Rd. This prime location and comprehensive features make this warehouse an ideal solution for businesses seeking efficient and well-connected industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2331
    Latitude
    30.054

    Comparable in this City

    • Value Estimation by Request
      5.24 Acres

      1664 Northpark Dr

      MINI-WAREHOUSE, STORAGE
      1664 Northpark Dr, Kingwood, TX 77339
      View Details
    • Value Estimation
      $985,000
      10,800 SF

      2702 Grn Oak Dr

      WAREHOUSE, STORAGE
      2702 Grn Oak Dr, Humble, TX 77339
      View Details
    • Value Estimation by Request
      15,831 SF

      1615 Lakeville Dr

      WAREHOUSE, STORAGE
      1615 Lakeville Dr, Humble, TX 77339-2397
      View Details
    • Value Estimation by Request
      4,000 SF

      22422 Loop 494

      WAREHOUSE, STORAGE
      22422 Loop 494, Humble, TX 77339-2816
      View Details
    • Value Estimation by Request
      2,652 SF

      1730 Waterview Dr, Unit 6

      WAREHOUSE, STORAGE
      1730 Waterview Dr, Humble, TX 77339-2020
      View Details
    • Value Estimation by Request
      12,435 SF

      800 Russell Palmer Rd

      WAREHOUSE, STORAGE
      800 Russell Palmer Rd, Humble, TX 77339-1619
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      5.3 Acres of Land

      5.3 acres of land available in Houston, TX.
      Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing

      Land Tracts in Kingwood, TX

      Two commercial land tracts available in Kingwood, Texas.
      Kingwood Executive Dr, Humble, TX 77339
      View Details
    • Contact for pricing
      415,650 SF

      Land with Frontage on Northpark

      Land with frontage on Northpark Drive and Sorters McClellan Road.
      Northpark Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Land Near Bush Airport

      Land suitable for retail, office, multi-family, or assisted living.
      26345 Sorters Mcclellan Rd, Kingwood, TX 77339
      View Details
    • Contact for pricing
      306,270 SF

      Land Near Bush Airport

      Commercial land with frontage on future Winford Square Drive.
      Winford Square Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Land Near Bush Airport

      Land with frontage on Woodford Place Drive, Houston, Texas.
      Woodford Place Dr, Kingwood, TX 77339
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,923 SF

      Executive Suite in Kingwood

      Executive suite with shared amenities in a growing community.
      2300 Green Oak Dr, Humble, TX 77339
      View Details
    • Contact for pricing
      860 SF

      Kingwood Drive Office Space Available

      Office space for lease on Kingwood Drive, Humble, TX.
      1075 Kingwood Dr, Humble, TX 77339
      View Details
    • Contact for pricing
      29,690 SF

      Medical Office Center For Rent

      29,690 SF medical office center in Kingwood, TX.
      201 Kingwood Medical Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing
      2,333 SF

      Kingwood Medical Office Space Available

      Former medical space in well-maintained building with convenient highway access.
      600 Rockmead Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing
      1,200 SF

      Kingwood Commercial Space Available

      Commercial space available for rent in Kingwood, Texas.
      24510 Eastex Fwy, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Medical Building Near HCA Kingwood

      Freestanding medical building with flexible spaces for lease.
      19701 Kingwood Dr, Kingwood, TX 77339
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Lakeville Dr
    Humble, TX 77339
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1515 Lakeville Dr, Humble, TX, 77339
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!