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

    10070 Westpark Dr, Unit 324 Houston, TX 77042-5700

    • Garden apartment buildings
    • 10,260 SF
    • 11.00 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3463507
    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

    • Ojiaku Ezenwa D / Physician
    • Legacy at Westchase / Apartment Complex / Apartment Building
    • Harbour Apartments / Apartment Building
    • Antilles / Apartment Building
    • The Flying Tech Pig / Travel Agency

    Property Details for 10070 Westpark Dr

    Year built
    1977
    Construction
    FRAME
    Lot size
    11.00 lot acres
    Property size
    10,260 SF
    Property type
    Garden apartment buildings
    APN
    1088570000002
    APU
    1088570000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $665,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $396,000
      Market price range: $215k - $397k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $755,000
      MEDICAL BUILDING
      $655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5435
    Latitude
    29.7237
    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
    2022
    $403,847
    $9,583,200
    $20,390,861
    $29,974,061
    -
    $9,583,200
    $20,390,861
    $29,974,061

    Comparable in this City

    • Value Estimation by Request
      16,604 SF

      3620 Woodchase Dr, Unit 288

      GARDEN APT, COURT APT (5+ UNITS) • 16,604 SF
      3620 Woodchase Dr, Houston, TX 77042-5647
      View Details
    • Value Estimation by Request
      6,088 SF

      3030 Elmside Dr, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 6,088 SF
      3030 Elmside Dr, Houston, TX 77042-3935
      View Details
    • Value Estimation by Request
      9,746 SF

      9900 Richmond Ave, Unit 304

      GARDEN APT, COURT APT (5+ UNITS) • 9,746 SF
      9900 Richmond Ave, Houston, TX 77042-4535
      View Details
    • Value Estimation
      $1,955,000
      143,069 SF

      10100 Westpark Dr, Unit 174

      GARDEN APT, COURT APT (5+ UNITS) • 143,069 SF
      10100 Westpark Dr, Houston, TX 77042-5432
      View Details
    • Value Estimation by Request
      10,332 SF

      1251 Wilcrest Dr, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 10,332 SF
      1251 Wilcrest Dr, Houston, TX 77042-1764
      View Details
    • Value Estimation by Request
      11,772 SF

      9940 Richmond Ave, Unit 224

      GARDEN APT, COURT APT (5+ UNITS) • 11,772 SF
      9940 Richmond Ave, Houston, TX 77042-4560
      View Details

    Similar Nearby for Sale

    • $179,000

      Stylish Condo with Modern Design

      2-bedroom, 2.5-bath condo with updated kitchen in prime location.
      9800 Pagewood Ln, Houston, TX 77042
      View Details
    • $99,900

      Gated Condo with Community Amenities

      Spacious 2-bedroom condo with pools and tennis courts.
      10049 Westpark Dr, Houston, TX 77042
      View Details
    • $89,000

      Condo Near Memorial City

      Move-in ready condo with two bedrooms and two bathrooms.
      10137 Waterstone Dr, Houston, TX 77042
      View Details
    • $115,000

      Charming Condo with Two Balconies

      Comfortable 2-bedroom condo with courtyard views and modern amenities.
      3100 Walnut Bend Ln, Houston, TX 77042
      View Details
    • $141,999

      Condo in Gated Community

      Charming 2-bedroom, 2-bath condo near Houston's Energy Corridor.
      9707 Richmond Ave, Houston, TX 77042
      View Details
    • $99,900

      Move-In Ready Condo in Houston

      Charming 2-bedroom condo with remodeled bathroom and community pool.
      3900 Woodchase Dr Dr, Houston, TX 77042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Condo in Gated Community

      One-bedroom condo with amenities and convenient location.
      10047 Westpark Dr, Houston, TX 77042
      View Details
    • $15 SF/Yr
      124,954 SF

      SilverStone Office: Westchase Gem

      Class B Office Space, Westchase District
      2900 Wilcrest Dr, Houston, TX 77042
      View Details
    • Contact for pricing
      1,100 SF

      Westheimer Road Retail Space Available

      Recently renovated retail space for lease at Westheimer Road.
      11820 Westheimer Rd, Houston, TX 77042
      View Details
    • $19 SF/Yr
      118,259 SF

      Westchase Office Building For Lease

      Houston office building with renovated amenities and convenient location.
      11000 Richmond Ave, Houston, TX 77042
      View Details
    • Contact for pricing

      Westheimer Land For Rent

      Land available for rent on Westheimer in Houston, Texas.
      10236 Westheimer Rd, Houston, TX 77042
      View Details
    • Contact for pricing
      26,079 SF

      Office Space Near Sam Houston Parkway

      Office space with convenient access to Sam Houston Parkway.
      2930 W Sam Houston Pkwy N, Houston, TX 77042
      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.
    10070 Westpark Dr, Unit 324
    Houston, TX 77042-5700
    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.