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    Property profile & analytics

    1233 34th St Houston, TX 77018-6207

    • Warehouses
    • 14,512 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3090919
    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

    • Sytek Electric Corporation / Electrical Service / General Contractor

    Property Details for 1233 34th St

    Year built
    1964
    Construction
    METAL FRAME
    Lot size
    0.99 lot acres
    Property size
    14,512 SF
    Property type
    Warehouses
    APN
    580930000013
    APU
    580930000013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,022,000
      Market price range: $408k - $1.29M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $845,000
      Current use
      RESTAURANT
      $1,690,000
      Change: +100% Conversion: Difficult
      RETAIL STORES
      $1,155,000
      Change: +37% Conversion: Moderate
      OFFICE BUILDING
      $1,010,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $925,000
      Change: +10% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4229
    Latitude
    29.8167
    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
    $50,061
    $1,722,880
    $833,240
    $2,556,120
    -
    $1,722,880
    $833,240
    $2,556,120

    Comparable in this City

    • Value Estimation by Request
      21,362 SF

      489 38Th St

      Flex space • 21,362 SF
      489 38Th St, Houston, TX 77018
      View Details
    • Value Estimation
      $1,410,000
      13,920 SF

      4000 Pinemont Dr

      WAREHOUSE, STORAGE • 13,920 SF
      4000 Pinemont Dr, Houston, TX 77018-1104
      View Details
    • Value Estimation
      $865,000
      11,459 SF

      4303 Pinemont Dr

      WAREHOUSE, STORAGE • 11,459 SF
      4303 Pinemont Dr, Houston, TX 77018-1041
      View Details
    • Value Estimation
      $900,000
      20,500 SF

      3610 Pinemont Dr

      WAREHOUSE, STORAGE • 20,500 SF
      3610 Pinemont Dr, Houston, TX 77018-1334
      View Details
    • Value Estimation
      $1,900,000
      28,404 SF

      3300 T C Jester Blvd

      WAREHOUSE, STORAGE • 28,404 SF
      3300 T C Jester Blvd, Houston, TX 77018-7135
      View Details
    • Value Estimation
      $2,205,000
      21,797 SF

      3500 T C Jester Blvd

      WAREHOUSE, STORAGE • 21,797 SF
      3500 T C Jester Blvd, Houston, TX 77018-6039
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,272 SF

      Houston Warehouse with Fenced Yard

      Move-in ready warehouse with a stabilized and paved yard.
      4205 Pinemont Dr, Houston, TX 77018
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    • Contact for pricing
      42,500 SF

      Houston Warehouse Space Available

      42,500 SF warehouse space in Houston, Texas.
      129 W Crosstimbers St, Houston, TX 77018
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    • $890,000

      Cleared Lot with Covered Storage

      0.88-acre lot with covered storage near major highways.
      3502 Pinemont Dr, Houston, TX 77018
      View Details
    • $2,000,000

      Industrial Facility on Commercial Property

      Commercial property with warehouse space, city water, and sewer access.
      3807 Pinemont Dr, Houston, TX 77018
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    • Contact for pricing

      Industrial Building with Office/Showroom Space

      11,952 SF building on 2.44 acres with parking.
      1006 34Th St, Houston, TX 77018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,232 SF

      Garden Oaks Warehouse Space Available

      Warehouse space with freeway access near Loop 610 & I-45.
      428 Garden Oaks Blvd, Houston, TX 77018
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    • Contact for pricing
      26,232 SF

      Houston Warehouse with Secured Truck

      Warehouse with secured truck court and excellent freeway access.
      400 Garden Oaks Blvd, Houston, TX 77018
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    • Contact for pricing
      21,362 SF

      Houston Warehouse: 21,362 SF

      Prime Houston industrial space available.
      489 38Th St, Houston, TX 77018
      View Details
    • Contact for pricing

      Houston Warehouse Space Available

      Warehouse space for rent in Houston, Texas.
      320 Garden Oaks Blvd, Houston, TX 77018
      View Details
    • Contact for pricing

      Houston Warehouse Near Major Thoroughfares

      Warehouse with immediate access to Loop 610 and I-45.
      489-499 West 38Th St, Houston, TX 77018
      View Details
    • Contact for pricing
      1,250 SF

      Northwest Houston Flex Space

      1250 SF flex space with oversized overhead door.
      2217 34Th St, Houston, TX 77018
      View Details
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    1233 34th St
    Houston, TX 77018-6207
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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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