Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    4840 Jarmese St Houston, TX 77033

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gosection8 / Apartment Complex

    Property Details for 4840 Jarmese St

    Property type
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3521
    Latitude
    29.6765

    Comparable in this City

    • Value Estimation
      $255,000
      3,030 SF

      4830 Wilmington St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,030 SF
      4830 Wilmington St, Houston, TX 77033-4157
      View Details
    • Value Estimation by Request

      7315 Iwo Jima Rd

      Multifamily properties
      7315 Iwo Jima Rd, Houston, TX 77033
      View Details
    • Value Estimation
      $260,000
      2,888 SF

      7560 Jutland Rd, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 2,888 SF
      7560 Jutland Rd, Houston, TX 77033-2756
      View Details
    • Value Estimation
      $280,000
      2,760 SF

      5110 Wilmington St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 2,760 SF
      5110 Wilmington St, Houston, TX 77033-4158
      View Details
    • Value Estimation
      $290,000
      4,096 SF

      4836 Reed Rd, Unit 7

      APARTMENT HOUSE (5+ UNITS) • 4,096 SF
      4836 Reed Rd, Houston, TX 77033-4038
      View Details
    • Value Estimation
      $390,000
      10,352 SF

      4906 Mallow St, Unit 10

      APARTMENT HOUSE (5+ UNITS) • 10,352 SF
      4906 Mallow St, Houston, TX 77033-4053
      View Details

    Similar Nearby for Sale

    • $800,000

      Multifamily Asset Near Downtown Houston

      Fully occupied multifamily property with value-add potential near Downtown Houston.
      5022 Mallow St, Houston, TX 77033
      View Details
    • $650,000

      Houston Multifamily Investment Opportunity

      Fully occupied 7-unit property in a desirable Houston location.
      5122 Clover St St, Houston, TX 77033
      View Details
    • $585,000

      New Construction Duplex in Sunnyside

      New construction duplex, ready October 2025, ideal for investors.
      9005 Noel St, Houston, TX 77033
      View Details
    • $265,000

      Houston Duplex Investment Opportunity

      Remodeled duplex in Houston's inner loop, tenant occupied.
      8142 Herschelwood St, Houston, TX 77033
      View Details
    • $425,000

      New Construction Duplex Near Medical Center

      Modern duplex with designer finishes, ideal for investors or owner-occupants.
      8201 Calhoun St, Houston, TX 77033
      View Details
    • $629,000

      New Construction Duplex in Houston

      New construction duplex with modern finishes, ideal for investors.
      5000 Higgins St, Houston, TX 77033
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      900 SF

      Updated Two-Bedroom Unit in Sunnyside

      Modern two-bedroom unit with stainless appliances, near Medical Center.
      4735 Redbud St, Houston, TX 77033
      View Details
    • $1,600 /Mo

      New Three-Bedroom Duplex Unit

      New 3-bedroom, 2.5-bath duplex unit near Medical Centre.
      5602 Hirondel St, Houston, TX 77033
      View Details
    • $19 SF/Yr
      5,236 SF

      Retail Space on Martin Luther

      Retail space available for lease on Martin Luther King.
      7506 Martin Luther King Blvd, Houston, TX 77033
      View Details
    • Contact for pricing

      Houston Land: Calhoun Rd Opportunity

      Prime 0.5-acre commercial lot in Houston.
      8303 Calhoun Rd, Houston, TX 77033
      View Details
    • Contact for pricing
      119,805 SF

      New Class A Distribution Facility

      New 119,805 SF distribution facility for lease in South Houston.
      5415 South Loop E, Houston, TX 77033
      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.
    4840 Jarmese St
    Houston, TX 77033
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.