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

    10422 Gulf Bank Rd Houston, TX 77040-3128

    • Warehouses
    • 39,279 SF
    • 2.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 13, 2024
    Value Estimations
    $2,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3719207
    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

    • MCM Oil Tools / Industrial Manufacturer / Production Facility
    • Allied Plastic Supply / Industrial Manufacturer / Big Box & Wholesale Store

    Property Details for 10422 Gulf Bank Rd

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    2.17 lot acres
    Property size
    39,279 SF
    Property type
    Warehouses
    APN
    1067200000005
    APU
    1067200000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,102,000
      Market price range: $666k - $2.10M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,700,000
      RESTAURANT
      $2,645,000
      MEDICAL BUILDING
      $2,505,000
      RETAIL STORES
      $2,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5528
    Latitude
    29.8797
    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
    $44,985
    $566,472
    $5,590,676
    $6,157,148
    -
    $566,472
    $5,590,676
    $6,157,148

    Comparable in this City

    • Value Estimation by Request
      16.66 Acres

      Houston Rd

      Distribution properties • 181,040 SF
      0 Houston Rd, Houston, TX 77040
      View Details
    • Value Estimation
      $2,325,000
      37,200 SF

      15120 Nwnw Fwy

      WAREHOUSE, STORAGE • 37,200 SF
      15120 Nwnw Fwy, Houston, TX 77040-3200
      View Details
    • Value Estimation
      $565,000
      13,805 SF

      8278 Warren Rd

      WAREHOUSE, STORAGE • 13,805 SF
      8278 Warren Rd, Houston, TX 77040-2602
      View Details
    • Value Estimation
      $2,775,000
      49,018 SF

      17495 Vlg Grn Dr

      WAREHOUSE, STORAGE • 49,018 SF
      17495 Vlg Grn Dr, Jersey Village, TX 77040-1004
      View Details
    • Value Estimation
      $2,615,000
      48,880 SF

      7701 Little York Rd

      WAREHOUSE, STORAGE • 48,880 SF
      7701 Little York Rd, Houston, TX 77040-5398
      View Details
    • Value Estimation
      $3,750,000
      65,275 SF

      10241 Little York Rd

      WAREHOUSE, STORAGE • 65,275 SF
      10241 Little York Rd, Houston, TX 77040-3271
      View Details

    Similar Nearby for Sale

    • $1,750,000
      5,257 SF

      Houston Flex Warehouse - $1.75M

      Modern 5,257 SF flex space; excellent location.
      14730 Hempstead Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      16.66 Acres

      Houston Distribution Center: 181,040 SF

      Modern warehouse, excellent location.
      0 Houston Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      185,428 SF

      Houston Industrial Complex For Sale

      Prime industrial complex with excellent space and accessibility for operations.
      7415 Empire Central Dr, Houston, TX 77040
      View Details
    • $749,900

      Corner Lot in Northwest Houston

      30,000 SF corner lot suitable for commercial or residential use.
      14023 Packard St, Houston, TX 77040
      View Details
    • Contact for pricing
      2.95 Acres

      Houston Industrial Land - 2.95 Acres

      Prime Houston land, ideal for diverse commercial uses.
      0 Little York Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      2.79 Acres

      Northwest Houston Commercial Land

      ±2.79 Acres, Prime Location, Hwy 290 Access
      0 Northwest Fwy, Houston, TX 77040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,392 SF

      Northwest Houston Warehouse Space

      Multiple Tenants, 80,000+ SF Available
      5201 Langfield Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      21,230 SF

      Warehouse Space Near US 290

      21,230 SF warehouse space available for short-term lease.
      6310 Rothway St, Houston, TX 77040
      View Details
    • Contact for pricing
      55,325 SF

      Spacious Warehouse with Ample Parking

      55,325 SF warehouse with fenced site and Houston utilities.
      8020 Northcourt Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      50,903 SF

      Houston Warehouse Space Available

      50,903 square foot warehouse space for lease in Houston.
      7427 Empire Central Dr, Houston, TX 77040
      View Details
    • Contact for pricing
      74,528 SF

      Prime Houston Office/Warehouse Space

      74,528 SF Executive Office & Warehouse
      7810 Houston Rd, Houston, TX 77040
      View Details
    • $10 SF/Yr
      71,704 SF

      Prime Office/Warehouse Space in Houston

      7,962 SF Available, Excellent Location
      6100 By Northwest Blvd, Houston, TX 77040
      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.
    10422 Gulf Bank Rd
    Houston, TX 77040-3128
    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.