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    1007 Dumont St South Houston, TX 77587
    Property profile & analytics

    1007 Dumont St, South Houston, TX 77587

    View on Map
    • Warehouses
    • 28,480 SF
    • 0.98 lot acres
    Off-Market
    Last Sale May 25, 2021
    Property ID
    US82-7607238
    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.
    Value Estimations
    $1,315,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1007 Dumont St

    Year built
    2005
    Construction
    METAL FRAME
    Lot size
    0.98 lot acres
    Property type
    Warehouses
    APN
    341660290001
    APU
    341660290001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 25, 2021 — G D28 Industrial LLC Jim Caffey Venders Lien $1.6M · Jim Caffey Etux
    Nov 19, 2019 — Jim Caffey — Deed · related $95k · Texas Citizens Bk NA
    Apr 22, 2019 — Caffey Ents INC — Deed · related $500k · Comerica Bk
    Oct 13, 2017 — Jim Caffey — Deed · related $800k · Comerica Bk
    Jun 1, 2017 — Jim Caffey — Deed · related $500k · Comerica Bk
    — — Caffey Ents INC — Loan Modification · related $500k · Comerica Bk
    — — Jim Caffey — Deed Of Trust · related $95k · Texas Citizens Bk NA
    — — Jim Caffey — Deed Of Trust · related $800k · Comerica Bk
    — — Jim Caffey — Deed Of Trust · related $200k · Comerica Bank
    — — Jim Caffey — Deed Of Trust · related $500k · Comerica Bk
    — — Jim Caffey — Deed Of Trust · related $565k · Comerica Bank
    — — Jim Caffey — Loan Modification · related $800k · Comerica Bk
    — — Jim Caffey — Deed Of Trust · related $565k · Comerica Bank
    — — Jim Caffey — Deed Of Trust · related $557k · Comerica Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,710,000
      Market price range: $1.41M - $2.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,635,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,115,000
      Change: +29% Conversion: Difficult
      MEDICAL BUILDING
      $1,875,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    South Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2372
    Latitude
    29.6664
    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
    2023
    $23,185
    $511,200
    $1,336,216
    $1,847,416
    -
    $511,200
    $1,336,216
    $1,847,416

    Comparable in this City

    • Value Estimation by Request
      1,518 SF

      1301 Illinois St

      WAREHOUSE, STORAGE
      1301 Illinois St, South Houston, TX 77587-5418
      View Details
    • Value Estimation
      $7,345,000
      93,660 SF

      1402 Spencer Hwy

      MINI-WAREHOUSE, STORAGE
      1402 Spencer Hwy, South Houston, TX 77587-3814
      View Details
    • Value Estimation by Request
      2,552 SF

      1406 Virginia St, Unit 31

      MINI-WAREHOUSE, STORAGE
      1406 Virginia St, South Houston, TX 77587-3952
      View Details
    • Value Estimation by Request
      1,700 SF

      528 Virginia St

      WAREHOUSE, STORAGE
      528 Virginia St, South Houston, TX 77587-3451
      View Details
    • Value Estimation
      $555,000
      9,664 SF

      1023 Dallas St

      WAREHOUSE, STORAGE
      1023 Dallas St, South Houston, TX 77587-3906
      View Details
    • Value Estimation by Request
      6,300 SF

      1308 Illinois St

      WAREHOUSE, STORAGE
      1308 Illinois St, South Houston, TX 77587-5419
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,410 SF

      South Houston Industrial Warehouse

      Insulated 10,410 SF warehouse with shop and office space.
      513 Illinois St, South Houston, TX 77587
      View Details
    • Contact for pricing

      South Houston Industrial Portfolio

      Three-property industrial portfolio in South Houston totaling ±10,860 SF.
      1309 Illinois St, South Houston, TX 77587
      View Details
    • $500,000

      South Houston Industrial Warehouse

      4,000 SF insulated building near I-45 and Hobby Airport.
      1304 Washington St, South Houston, TX 77587
      View Details
    • Contact for pricing
      4,550 SF

      Single Tenant Warehouse For Sale

      4,550 SF single tenant warehouse with two overhead doors.
      1408 Illinois St, South Houston, TX 77587
      View Details
    • Contact for pricing
      3,750 SF

      South Houston Industrial Portfolio

      Three-property industrial portfolio in South Houston totaling ±10,860 SF.
      1309 Illinois St, South Houston, TX 77587
      View Details
    • Contact for pricing
      38,500 SF

      Industrial Opportunity in South Houston

      38,500 SqFt industrial property on 1.42 acres for sale.
      1509 Alabama St, South Houston, TX 77587
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Functional Industrial Facility in South Houston

      9,340 SF industrial facility on 1.3 acres for lease.
      1502 Galveston St, South Houston, TX 77587
      View Details
    • Contact for pricing
      29,492 SF

      Retail Space on Spencer Highway

      Retail property available for lease on Spencer Highway.
      1402-1404 Spencer Hwy S, South Houston, TX 77587
      View Details
    • $9 SF/Yr

      South Houston Building For Lease

      Lease includes recent updates and corner location.
      813 Dumont St, South Houston, TX 77587
      View Details
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    South Houston, TX 77587
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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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