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

    1015 Country Pl Dr, Unit 122 Houston, TX 77079-4744

    • Garden apartment buildings
    • 10,642 SF
    • 5.77 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3879758
    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

    • Country Place / Apartment Complex / Property Management Company
    • BPDsquared / Crisis Center / Medical Clinic
    • The Arden Terrace / Real Estate Agency
    • Arden Terrace / Apartment Complex / Apartment Building

    Property Details for 1015 Country Pl Dr

    Year built
    1975
    Construction
    FRAME
    Lot size
    5.77 lot acres
    Property size
    10,642 SF
    Property type
    Garden apartment buildings
    APN
    402240000072
    APU
    402240000072

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $790,000
      Market price range: $228k - $790k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $570,000
      Current use
      RESTAURANT
      $980,000
      Change: +72% Conversion: Difficult
      MEDICAL BUILDING
      $680,000
      Change: +19% Conversion: Moderate
      RETAIL STORES
      $655,000
      Change: +15% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $545,000
      Change: -5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $520,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5997
    Latitude
    29.7776
    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
    $186,566
    $3,767,505
    $10,938,142
    $14,705,647
    -
    $3,767,505
    $10,938,142
    $14,705,647

    Comparable in this City

    • Value Estimation
      $605,000
      8,943 SF

      935 Wilcrest Dr, Unit 18

      GARDEN APT, COURT APT (5+ UNITS) • 8,943 SF
      935 Wilcrest Dr, Houston, TX 77079-3530
      View Details
    • Value Estimation
      $1,235,000
      13,874 SF

      15815 Memorial Dr, Unit 104

      GARDEN APT, COURT APT (5+ UNITS) • 13,874 SF
      15815 Memorial Dr, Houston, TX 77079-4111
      View Details
    • Value Estimation
      $585,000
      9,818 SF

      14814 Perthshire Rd, Unit 190

      GARDEN APT, COURT APT (5+ UNITS) • 9,818 SF
      14814 Perthshire Rd, Houston, TX 77079-7650
      View Details
    • Value Estimation
      $665,000
      5,478 SF

      14800 Memorial Dr, Unit 300

      GARDEN APT, COURT APT (5+ UNITS) • 5,478 SF
      14800 Memorial Dr, Houston, TX 77079-5206
      View Details
    • Value Estimation
      $1,855,000
      20,640 SF

      600 Nottingham Oaks Trl, Unit 200

      GARDEN APT, COURT APT (5+ UNITS) • 20,640 SF
      600 Nottingham Oaks Trl, Houston, TX 77079-6214
      View Details
    • Value Estimation
      $2,750,000
      31,215 SF

      11601 Katy Fwy Ste, Unit 118

      GARDEN APT, COURT APT (5+ UNITS) • 31,215 SF
      11601 Katy Fwy Ste, Houston, TX 77079-1816
      View Details

    Similar Nearby for Sale

    • $289,500

      Updated Townhome in Memorial

      Updated 3-bedroom townhome/condo in Memorial, convenient location.
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      Condo in Memorial Plaza Subdivision

      Condo near City Centre with community amenities and low HOA.
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      2,726 SF

      Upgraded Townhome in Houston Community

      Turnkey townhome with modern upgrades in a welcoming Houston community.
      14708 Perthshire Rd, Houston, TX 77079
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    • $250,000
      2,274 SF

      Memorial Townhome Near City Center

      Conveniently located townhome near pool, City Center, and major highways.
      832 Wax Myrtle Ln, Houston, TX 77079
      View Details

    Similar Nearby for Lease

    • $2,550 /Mo

      Updated Townhome in Energy Corridor

      Spacious, updated 4-bedroom townhome with modern amenities and community features.
      14293 Misty Meadow Ln, Houston, TX 77079
      View Details
    • $18 SF/Yr
      120,510 SF

      Prime Katy Fwy Office Space

      Houston Office Building - Multiple Suites Available
      11777 Katy Fwy, Houston, TX 77079
      View Details
    • Contact for pricing
      104,887 SF

      Memorial Dr Retail Space

      Houston Retail Opportunity: 3,502 SF Available
      14000 Memorial Dr, Houston, TX 77079
      View Details
    • $24 SF/Yr
      324 SF

      Katy Freeway Office Space Available

      Office spaces available for lease on Katy Freeway.
      13501 Katy Fwy, Houston, TX 77079
      View Details
    • $9 SF/Yr
      12,600 SF

      Houston Warehouse Space Available

      12,600 SF warehouse space for lease in Houston, TX.
      6102 Brittmoore Rd, Houston, TX 77079
      View Details
    • $19 SF/Yr
      117,261 SF

      The Westchester: Houston Office Space

      Prestigious Houston office suites, various sizes.
      11451 Katy Fwy, Houston, TX 77079
      View Details
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    Houston, TX 77079-4744
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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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