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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1005 1st St Humble, TX 77338-4919

    • Retail space
    • 6,755 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2044032
    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

    • Letty's Authentic Mexican Cocina / Mexican Restaurant / Caterer

    Property Details for 1005 1st St

    Year built
    1970
    Construction
    WOOD FRAME
    Lot size
    0.65 lot acres
    Property size
    6,755 SF
    Property type
    Retail space
    APN
    431500130046
    APU
    431500130046

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $242,000
      Market price range: $168k - $587k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $350,000
      Current use
      WAREHOUSE, STORAGE
      $320,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2567
    Latitude
    29.9995
    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
    2020
    $4,718
    $155,727
    $378,798
    $534,525
    -
    $155,727
    $378,798
    $534,525

    Comparable in this City

    • Value Estimation
      $430,000
      25,716 SF

      20465 Hwy 59th N

      RETAIL STORES (PERSONAL SERVICES) • 25,716 SF
      20465 Hwy 59th N, Humble, TX 77338-2275
      View Details
    • Value Estimation by Request
      4,128 SF

      4821 Fm 1960th W Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,128 SF
      4821 Fm 1960th W Rd, Humble, TX 77338-3345
      View Details
    • Value Estimation
      $265,000
      12,001 SF

      20155 Hwy 59th N

      RETAIL STORES (PERSONAL SERVICES) • 12,001 SF
      20155 Hwy 59th N, Humble, TX 77338-2315
      View Details
    • Value Estimation
      $425,000
      8,184 SF

      3435 Fm 1960th E Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,184 SF
      3435 Fm 1960th E Rd, Humble, TX 77338-5319
      View Details
    • Value Estimation
      $245,000
      1,255 SF

      514 1st St

      RETAIL STORES (PERSONAL SERVICES) • 1,255 SF
      514 1st St, Humble, TX 77338-4605
      View Details
    • Value Estimation
      $285,000
      4,240 SF

      1301 1st St

      RETAIL STORES (PERSONAL SERVICES) • 4,240 SF
      1301 1st St, Humble, TX 77338-4925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      High-Visibility Humble Retail Pad

      30,000 SF Retail Space - Prime Location
      59 & Will Clayton Pkwy, Humble, TX 77338
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      13,600 SF

      Retail Center Near IAH Airport

      New retail center with frontage on FM 1960.
      7715 Byp Rd W, Humble, TX 77338
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    • $430,000
      3,500 SF

      Retail Building on Main Street

      Retail property on Main Street, previously a flower shop.
      311-313 E Main St, Humble, TX 77338
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    • $1,294,525
      51,781 SF

      Humble Corner Commercial Property

      High-traffic retail/office/multifamily
      0 W & Richey Rd, Humble, TX 77338
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    • Contact for pricing

      Humble Commercial Land Investment

      ±4 Acres, Prime Harris County Location
      9435 Fm 1960 Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      36,825 SF

      Humble Office Complex: Prime Location

      Two-building office complex, 36,825 SF, vacant.
      1722 Treble Dr, Humble, TX 77338
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,375 SF

      Retail Space Available For Rent

      1,375 SF retail space with ample parking and pylon sign.
      7815 Fm 1960 Bypass Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      22,800 SF

      Deerbrook Hwy 59 Retail Shops

      Prime Humble Retail Space Available
      20465 Us-59, Humble, TX 77338
      View Details
    • $26 SF/Yr
      1,375 SF

      Retail Space Available For Lease

      Retail space available for lease, featuring 1375 square feet.
      7815 Byp Rd West, Humble, TX 77338
      View Details
    • $3,200 /Mo
      1,900 SF

      Humble Office/Retail Building For Rent

      Renovated office/retail building in the heart of Humble, Texas.
      1010 1St St E, Humble, TX 77338
      View Details
    • Contact for pricing
      3,010 SF

      Freestanding Retail Building For Rent

      Freestanding retail building on major arterial near I-69.
      1205 N Houston Ave, Humble, TX 77338
      View Details
    • $21 SF/Yr
      1,879 SF

      Humble Office Building For Lease

      Four-story office building in Northeast Houston, near IAH Airport.
      8811 Fm 1960 Bypass Rd W, Humble, TX 77338
      View Details
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    1005 1st St
    Humble, TX 77338-4919
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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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