Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1111 Drew St Houston, TX 77006-1221

    • Warehouses
    • 4,704 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3927662
    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

    • W.K. Hill Awning & Tent Co. / Awning Supplier

    Property Details for 1111 Drew St

    Year built
    1969
    Construction
    CONCRETE BLOCKS
    Lot size
    0.11 lot acres
    Property size
    4,704 SF
    Property type
    Warehouses
    APN
    370800000019
    APU
    370800000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $382,000
      Market price range: $205k - $542k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3927
    Latitude
    29.7495
    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
    2020
    $13,226
    $600,000
    $207,334
    $807,334
    -
    $600,000
    $207,334
    $807,334

    Comparable in this City

    • Value Estimation
      $505,000
      61,164 SF

      2001 Montrose Blvd

      WAREHOUSE, STORAGE • 61,164 SF
      2001 Montrose Blvd, Houston, TX 77006-1245
      View Details
    • Value Estimation
      $480,000
      6,920 SF

      1918 Taft St

      WAREHOUSE, STORAGE • 6,920 SF
      1918 Taft St, Houston, TX 77006-1455
      View Details
    • Value Estimation
      $480,000
      10,762 SF

      2814 Bagby St

      WAREHOUSE, STORAGE • 10,762 SF
      2814 Bagby St, Houston, TX 77006-2206
      View Details
    • Value Estimation
      $355,000
      8,400 SF

      2001 Montrose Blvd

      WAREHOUSE, STORAGE • 8,400 SF
      2001 Montrose Blvd, Houston, TX 77006-1245
      View Details
    • Value Estimation
      $835,000
      124,572 SF

      4503 Montrose Blvd

      MINI-WAREHOUSE, STORAGE • 124,572 SF
      4503 Montrose Blvd, Houston, TX 77006-5827
      View Details
    • Value Estimation by Request
      10,150 SF

      4606 Stanford St

      WAREHOUSE, STORAGE • 10,150 SF
      4606 Stanford St, Houston, TX 77006
      View Details

    Similar Nearby for Sale

    • $549,000
      3,121 SF

      Remodeled Townhome in Montrose

      Recently remodeled townhome with 3 beds, 3.5 baths in Montrose.
      4422 Castle Court Pl, Houston, TX 77006
      View Details
    • $775,000

      Oversized Corner Lot in Cherryhurst

      Rare opportunity to build a custom home in a prime location.
      1621 Haver St, Houston, TX 77006
      View Details
    • $749,000

      Montrose Duplex with Income Potential

      Brick duplex in Houston's vibrant Montrose neighborhood with income potential.
      528 Hawthorne St, Houston, TX 77006
      View Details
    • $360,000

      Remodeled Condo in Montrose

      Updated 2-bedroom, 2-bath condo in vibrant Houston neighborhood.
      2516 Commonwealth St, Houston, TX 77006
      View Details
    • $1,880,000

      Westmoreland 8-Unit Apartment Complex

      Fully occupied, updated 8-unit apartment complex in Houston's Westmoreland neighborhood.
      429 Hawthorne St, Houston, TX 77006
      View Details
    • $555,000
      3,318 SF

      Peden Square Development Land

      Two contiguous lots in a desirable location with available utilities.
      1304 Peden St, Houston, TX 77006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,959 SF

      Prime Houston Office Space

      3,959 SF Office Building, Houston, TX
      1105 Milford St, Houston, TX 77006
      View Details
    • $2,680 /Mo
      1,033 SF

      Houston Museum District Apartment

      Apartment with skyline views in the Museum District.
      4899 Montrose Blvd, Houston, TX 77006
      View Details
    • $37 SF/Yr
      2,127 SF

      Retail Space For Rent

      Retail space available for lease in Houston, Texas.
      2600 Travis St, Houston, TX 77006
      View Details
    • Contact for pricing
      8,706 SF

      Richmond Avenue Retail Space

      Retail space available for lease on Richmond Avenue.
      5636 Richmond Ave, Houston, TX 77006
      View Details
    • Contact for pricing
      27,662 SF

      Westheimer Road Office Space Available

      Office space available for lease on Westheimer Road.
      4100 Westheimer Rd, Houston, TX 77006
      View Details
    • Contact for pricing
      1,120 SF

      Retail Space on Richmond Avenue

      Retail space available for lease on Richmond Avenue, Houston.
      4001 Richmond Ave, Houston, TX 77006
      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.
    1111 Drew St
    Houston, TX 77006-1221
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.