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

    111 Berry Rd Houston, TX 77022-3126

    • Warehouses
    • 9,240 SF
    • 9.74 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3006601
    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

    • O'Neill Industries International / Industrial Manufacturer / Production Facility
    • Procegas, LLC / Factory / Production Facility

    Property Details for 111 Berry Rd

    Year built
    1975
    Construction
    METAL FRAME
    Lot size
    9.74 lot acres
    Property size
    9,240 SF
    Property type
    Warehouses
    APN
    1288610010001
    APU
    1288610010001

    Description

    This exceptional 40,700-square-foot industrial warehouse property presents a unique investment opportunity in Houston, Texas. Situated on a substantial 9.74-acre lot, this Class C property offers significant potential for redevelopment. The property features eleven single-story buildings, totaling 40,700 square feet of net rentable space, with a generous 30-foot ceiling height. Built in 1975, the buildings are highly functional and crane-served, making them ideal for an owner-user. The majority of the land is stabilized, providing ample space for various uses. The property's strategic location between I-45 and the Hardy Toll Road offers excellent accessibility. Furthermore, its proximity to Burbank Middle School, currently undergoing a $10,000,000 renovation, positions it favorably within a developing area. The property's zoning is currently unlisted, but its size and location make it particularly attractive for multifamily development. The APN is RES A BLK 1 PILECO, and the property is located at 111 Berry Rd, Houston, TX 77022. Contact for pricing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $783,000
      Market price range: $311k - $784k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $535,000
      Current use
      RESTAURANT
      $1,070,000
      Change: +101% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $930,000
      Change: +74% Conversion: Easy
      RETAIL STORES
      $795,000
      Change: +49% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $685,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $680,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $590,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3742
    Latitude
    29.8384
    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
    $89,432
    $1,357,539
    $2,750,285
    $4,107,824
    -
    $1,357,539
    $2,750,285
    $4,107,824

    Comparable in this City

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    • Value Estimation
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      6802 Irvington Blvd

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    • Value Estimation by Request
      25,553 SF

      6821 Fulton St

      Distribution properties • 25,553 SF
      6821 Fulton St, Houston, TX 77022
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    • Value Estimation
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      20,552 SF

      600 Crosstimbers St

      WAREHOUSE, STORAGE • 20,552 SF
      600 Crosstimbers St, Houston, TX 77022-3937
      View Details
    • Value Estimation
      $745,000
      8,800 SF

      131 Basswood St

      WAREHOUSE, STORAGE • 8,800 SF
      131 Basswood St, Houston, TX 77022-4807
      View Details
    • Value Estimation by Request
      1,500 SF

      10 Stokes St

      WAREHOUSE, STORAGE • 1,500 SF
      10 Stokes St, Houston, TX 77022-4321
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      183,500 SF

      Crane-Served Manufacturing Warehouse For Sale

      15,000-22,500 SF build-to-suit manufacturing warehouse with crane service.
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    • $469,000

      Crosstimbers Retail Corner Lot

      High-traffic Houston land, ideal for retail.
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      12,000 SF lot, prime location, high traffic.
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      Corner lot near Independence Heights, ready for new construction.
      22 Stokes St, Houston, TX 77022
      View Details
    • $250,000

      Three Lots in One Parcel

      9,540 SF parcel near shopping, parks, and award-winning schools.
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      Development Ready Independence Heights Land

      Cleared lot ready for new construction in developing Independence Heights.
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    Similar Nearby for Lease

    • Contact for pricing
      15,208 SF

      Freestanding Industrial Property with Crane

      Freestanding industrial property featuring a 10-ton crane and heavy power.
      8139 E Tidwell Rd, Houston, TX 77022
      View Details
    • $22 SF/Yr
      17,190 SF

      Houston Retail/Industrial Space

      5,344 sq ft, High Traffic Location
      5206 Airline Dr, Houston, TX 77022
      View Details
    • Contact for pricing
      30,000 SF

      Northline Commons Retail Space

      Houston Retail Center: 9 Suites Available
      0 Nec Of I-45 & Crosstimbers, Houston, TX 77022
      View Details
    • $875 /Mo
      994 SF

      Office Space Available For Rent

      Office space available for lease in Houston, Texas.
      4615 North Fwy, Houston, TX 77022
      View Details
    • Contact for pricing
      2,400 SF

      Glenburnie Gables Retail Space

      Houston Retail Space - 2400 sq ft
      702 Glenburnie Dr, Houston, TX 77022
      View Details
    • $1,056 /Mo
      2,311 SF

      Office Space Available For Rent

      Office space available for lease in Houston, Texas.
      4625 North Fwy, Houston, TX 77022
      View Details
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    111 Berry Rd
    Houston, TX 77022-3126
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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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