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    10750 Hammerly Blvd Houston, TX 77043-2318
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    Property profile & analytics

    10750 Hammerly Blvd Houston, TX 77043-2318

    View on Map
    • Office buildings
    • 38,011 SF
    • 2.50 lot acres
    Off-Market
    Property ID
    US82-2059882
    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
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Missions Connex / Charitable Organization / Social Service Agency
    • Advanced Genomics LLC / Medical Laboratory
    • Quantum Revenue Cycle / Medical Billing Service
    • Stoller Foundation / Charitable Organization
    • Redfin Plumbing / Plumbing Service / General Contractor

    Property Details for 10750 Hammerly Blvd

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.50 lot acres
    Property size
    38,011 SF
    Property type
    Office buildings
    APN
    1139270000002
    APU
    1139270000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $633,000
      Market price range: $375k - $1.69M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5665
    Latitude
    29.8134
    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
    $43,552
    $1,633,500
    $2,360,067
    $3,993,567
    -
    $1,633,500
    $2,360,067
    $3,993,567

    Comparable in this City

    • Value Estimation by Request
      23,898 SF

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      OFFICE BUILDING • 23,898 SF
      4001 Sam Houston Pkwy Nb, Houston, TX 77043-1235
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    • Value Estimation
      $5,800,000
      251,280 SF

      10100 Katy Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 251,280 SF
      10100 Katy Fwy, Houston, TX 77043-5207
      View Details
    • Value Estimation by Request
      16,908 SF

      10355 Centrepark Dr

      OFFICE BUILDING • 16,908 SF
      10355 Centrepark Dr, Houston, TX 77043-1368
      View Details
    • Value Estimation by Request
      12,530 SF

      4001 Sam Houston Pkwy Na

      OFFICE BUILDING • 12,530 SF
      4001 Sam Houston Pkwy Na, Houston, TX 77043-1235
      View Details
    • Value Estimation by Request
      10,192 SF

      1165 Brittmoore Rd

      OFFICE BUILDING • 10,192 SF
      1165 Brittmoore Rd, Houston, TX 77043-5003
      View Details
    • Value Estimation by Request
      2,401 SF

      10149 Long Pt Rd

      OFFICE BUILDING • 2,401 SF
      10149 Long Pt Rd, Houston, TX 77043-4311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $850,000

      Mixed-Use Property For Sale

      Residential/Commercial property with conversion potential in growing area.
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      Land For Sale

      Land available for sale.
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      17,958 SF

      Land For Sale

      Land available for sale in Houston, TX.
      1175 Brittmoore Park Dr, Houston, TX 77043
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    Similar Nearby for Lease

    • Contact for pricing
      30,104 SF

      Houston Office Space For Rent

      30104 SF office space available for lease.
      3505 West Sam Houston Pkwy North, Houston, TX 77043
      View Details
    • Contact for pricing

      Office Space Near Sam Houston

      Office building with Class A finishes and convenient highway access.
      2930 W Sam Houston Pkwy N, Houston, TX 77043
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      Houston Office Building For Lease

      Modern office building near Energy Corridor with flexible layouts.
      11931 Wickchester Ln, Houston, TX 77043
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      Freestanding Office Building For Rent

      Freestanding office building with I-10 frontage and high visibility.
      10932 Katy Fwy, Houston, TX 77043
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    • $11 SF/Yr
      9,552 SF

      Office Space with Flex Potential

      9,552 SF office space adaptable to flex or subdivision.
      1702 Townhurst Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      583 SF

      Office Space For Rent

      583 square feet office space available for lease.
      10810 Katy Fwy, Houston, TX 77043
      View Details
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    Houston, TX 77043-2318
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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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