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

    1202 La Rue St, Unit 6 Houston, TX 77019-2130

    • Apartment buildings
    • 2,870 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4550248
    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

    • Apartment buildings

    Property Details for 1202 La Rue St

    Year built
    1956
    Construction
    BRICK
    Lot size
    0.11 lot acres
    Property size
    2,870 SF
    Property type
    Apartment buildings
    APN
    512980050009
    APU
    512980050009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3958
    Latitude
    29.7561
    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
    $13,484
    $525,000
    $147,442
    $672,442
    -
    $525,000
    $147,442
    $672,442

    Comparable in this City

    • Value Estimation
      $695,000
      14,082 SF

      2206 Hazard St, Unit 16

      APARTMENT HOUSE (5+ UNITS) • 14,082 SF
      2206 Hazard St, Houston, TX 77019-6533
      View Details
    • Value Estimation by Request
      3,644 SF

      417 Clay St, Unit 12

      APARTMENT HOUSE (5+ UNITS) • 3,644 SF
      417 Clay St, Houston, TX 77019-4477
      View Details
    • Value Estimation by Request
      3,008 SF

      2419 Woodhead St, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 3,008 SF
      2419 Woodhead St, Houston, TX 77019-6787
      View Details
    • Value Estimation by Request
      3,104 SF

      1923 Mcduffie St, Unit 12

      APARTMENT HOUSE (5+ UNITS) • 3,104 SF
      1923 Mcduffie St, Houston, TX 77019-6175
      View Details
    • Value Estimation
      $505,000
      4,176 SF

      2020 Revere St, Unit 12

      APARTMENT HOUSE (5+ UNITS) • 4,176 SF
      2020 Revere St, Houston, TX 77019-6091
      View Details
    • Value Estimation
      $555,000
      4,534 SF

      2420 Mcduffie St, Unit 10

      APARTMENT HOUSE (5+ UNITS) • 4,534 SF
      2420 Mcduffie St, Houston, TX 77019-6752
      View Details

    Similar Nearby for Sale

    • $4,495,000
      5,495 SF

      Refined High-Rise Residence in Houston

      Luxurious 2-bedroom residence with River Oaks views and exceptional amenities.
      2121 Kirby Dr, Houston, TX 77019
      View Details
    • $325,000

      River Oaks Condo Fully Furnished

      Top floor, corner unit condo in River Oaks/Montrose area.
      1010 Rosine St, Houston, TX 77019
      View Details
    • $249,000

      Renovated Condo in Prime Location

      Urban oasis with designer finishes, close to city amenities.
      2100 Welch St, Houston, TX 77019
      View Details
    • $325,000

      Spacious Top Floor Unit

      Well-appointed 2 bed, 2 bath unit in desirable location.
      1010 Rosine St, Houston, TX 77019
      View Details
    • $319,000

      Renovated Condo in River Oaks

      Tastefully renovated 2-bed, 2-bath condo in Houston's River Oaks.
      2111 Welch St, Houston, TX 77019
      View Details
    • $324,900

      Top Floor Condo with Downtown View

      Updated 2-bed, 2-bath condo with downtown Houston views.
      1010 Rosine St, Houston, TX 77019
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Updated Condo in Montrose/River Oaks

      Updated 2 bed, 2 bath condo near River Oaks shopping.
      1010 Rosine St, Houston, TX 77019
      View Details
    • $2,800 /Mo

      Condo with Park and Pool Views

      Condo with open floor plan, park and pool views.
      3333 Allen Pkwy, Houston, TX 77019
      View Details
    • Contact for pricing
      338,733 SF

      1964 Gray St

      Lifestyle centers • 338,733 SF
      1964 Gray St, Houston, TX 77019
      View Details
    • Contact for pricing
      15,000 SF

      River Oaks Retail Space - Houston

      Prime Retail, Two Suites Available, 15,000 SF
      1934 Gray St, Houston, TX 77019
      View Details
    • $2 SF/Yr
      15,000 SF

      Office Space Available For Rent

      15,000 square feet of office space for lease.
      138 Gray St, Houston, TX 77019
      View Details
    • Contact for pricing
      33,443 SF

      West Gray Office & Retail Spaces

      Prime Houston Office/Retail, Multiple Suites Available
      0 Gray St. & Woodhead St, Houston, TX 77019
      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.
    1202 La Rue St, Unit 6
    Houston, TX 77019-2130
    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.