Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1118 W 21St St Houston, TX 77008

    Property Lookup

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

    1118 W 21St St Houston, TX 77008

    View on Map
    • Office Units
    • 1,214 SF
    For Sale
    View Listing →
    Renovated Office Space, Houston For Sale
    Contact for pricing
    1,214 SF

    Renovated Office Space, Houston

    Recently renovated office space thriving as an Airbnb in Houston.

    1118 W 21st St, Houston, TX 77008
    View Listing
    Property ID
    US82-0472824
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 1118 W 21St St

    Year built
    1978
    Property size
    1,214 SF
    Property type
    Office Units
    Property subtype
    Short term rental properties

    Description

    1,214 SF 3,850 SF lot size Recently renovated Currently thriving as an Airbnb Contact Broker for pricing

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.418889
    Latitude
    29.8045

    Comparable in this City

    • Contact for pricing

      Multifamily Redevelopment Opportunity in Houston

      26 multifamily units on 24,999 SF of land.
      724 East 11Th St, Houston, TX 77008
      View Details
    • Contact for pricing

      Spacious Duplex in Prime Location

      Unique duplex with bonus space in the heart of Houston Heights.
      1304 Nashua St, Houston, TX 77008
      View Details
    • Contact for pricing
      8,400 SF

      Greater Heights Area Commercial Building

      Commercial building in the heart of the Greater Heights area.
      777 W 23Rd St, Houston, TX 77008
      View Details
    • Contact for pricing

      Houston Multifamily in The Heights

      Apartment building in Houston's vibrant and historic Heights neighborhood.
      2424 East T C Jester Blvd, Houston, TX 77008
      View Details
    • $1,200,000
      Pending

      Heights Multifamily Redevelopment Opportunity

      Income-producing 5-unit property on Heights Boulevard, Houston.
      907 Heights Blvd, Houston, TX 77008
      View Details
    • $599,000

      Heights Triplex Near Popular Amenities

      Triplex in the Heights with updated units and strong rental history.
      1405 Harvard St, Houston, TX 77008
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multifamily Redevelopment Opportunity in Houston

      26 multifamily units on 24,999 SF of land.
      724 East 11Th St, Houston, TX 77008
      View Details
    • Contact for pricing

      Spacious Duplex in Prime Location

      Unique duplex with bonus space in the heart of Houston Heights.
      1304 Nashua St, Houston, TX 77008
      View Details
    • Contact for pricing

      Multifamily Property on N. Durham

      Three-unit multifamily property with fenced yards and extra parking.
      2611 North Durham Dr, Houston, TX 77008
      View Details
    • $599,000

      Heights Triplex Near Popular Amenities

      Triplex in the Heights with updated units and strong rental history.
      1405 Harvard St, Houston, TX 77008
      View Details
    • Contact for pricing

      Houston Multifamily in The Heights

      Apartment building in Houston's vibrant and historic Heights neighborhood.
      2424 East T C Jester Blvd, Houston, TX 77008
      View Details
    • $1,200,000
      Pending

      Heights Multifamily Redevelopment Opportunity

      Income-producing 5-unit property on Heights Boulevard, Houston.
      907 Heights Blvd, Houston, TX 77008
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail, creative office, and medical space for lease.
      720 W 24Th St, Houston, TX 77008
      View Details
    • Contact for pricing

      Office Space in Park Central

      Move-in ready office spaces with on-site amenities.
      1111 Loop N, Houston, TX 77008
      View Details
    • Contact for pricing

      Modern Office Space for Rent

      Private offices with shared amenities in a convenient location.
      535 W 20Th St, Houston, TX 77008
      View Details
    • Contact for pricing

      North Loop Office Park Setting

      Office park in a centrally located, park-like setting.
      2525 Loop N, Houston, TX 77008
      View Details
    • Contact for pricing
      898 SF

      Renovated Office Space Available

      Professional office space with ample parking and convenient location.
      2500 E T C Jester Blvd, Houston, TX 77008
      View Details
    • Contact for pricing

      Office Suites in The Heights

      Office suites available for lease in the heart of The Heights.
      629 W 19Th St, Houston, TX 77008
      View Details
    View Listing
    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.
    1118 W 21St St
    Houston, TX 77008
    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.
    Sign Up Successful!
    You now have access to more from Realmo!