Add Listing
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

    1300 40th St Houston, TX 77022-4104

    • Warehouses
    • 25,320 SF
    • 4.64 lot acres
    OFF-MARKET
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3831439
    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

    • AGR Sports Indoor Paintball, Laser Tag, Gellyball and Axe Throwing / Gym & Fitness Center
    • AGR Sports Mobile Laser Tag, Mobile Paintball, Mobile Gellyball and Mobile Nerf Wars / Sports Field & Court / Arcade & Gaming Center
    • AGR Handmade / Department Store
    • Pacas / Cosmetic Store
    • Roofing Contractors / Roofing Company / General Contractor

    Property Details for 1300 40th St

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    4.64 lot acres
    Property size
    25,320 SF
    Property type
    Warehouses
    APN
    993620000001
    APU
    993620000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,147,000
      Market price range: $852k - $2.15M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,460,000
      Current use
      RESTAURANT
      $2,930,000
      Change: +101% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,550,000
      Change: +74% Conversion: Easy
      RETAIL STORES
      $2,175,000
      Change: +49% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,880,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $1,865,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $1,615,000
      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
    -95.3828
    Latitude
    29.8209
    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
    $71,238
    $2,626,403
    $856,526
    $3,482,929
    -
    $2,626,403
    $856,526
    $3,482,929

    Comparable in this City

    • Value Estimation
      $9,290,000
      227,000 SF

      8411 Irvington Blvd

      WAREHOUSE, STORAGE • 227,000 SF
      8411 Irvington Blvd, Houston, TX 77022-3449
      View Details
    • Value Estimation
      $1,885,000
      26,747 SF

      6940 Fulton St

      WAREHOUSE, STORAGE • 26,747 SF
      6940 Fulton St, Houston, TX 77022-4835
      View Details
    • Value Estimation
      $1,500,000
      19,400 SF

      3920 Nn Fwy

      WAREHOUSE, STORAGE • 19,400 SF
      3920 Nn Fwy, Houston, TX 77022-4302
      View Details
    • Value Estimation by Request
      1,332 SF

      1325 Nn Loop

      WAREHOUSE, STORAGE • 1,332 SF
      1325 Nn Loop, Houston, TX 77022-5331
      View Details
    • Value Estimation
      $780,000
      9,600 SF

      5219 Nn Fwy

      WAREHOUSE, STORAGE • 9,600 SF
      5219 Nn Fwy, Houston, TX 77022-1730
      View Details
    • Value Estimation
      $1,800,000
      24,244 SF

      55 Lyerly St, Unit 1

      WAREHOUSE, STORAGE • 24,244 SF
      55 Lyerly St, Houston, TX 77022-3065
      View Details

    Similar Nearby for Sale

    • $225,000

      Corner Lot on 610

      Prime corner lot with high visibility and development potential.
      1327 & 1329 Loop North, Houston, TX 77022
      View Details
    • $469,000

      Crosstimbers Retail Corner Lot

      High-traffic Houston land, ideal for retail.
      502 Crosstimbers St, Houston, TX 77022
      View Details
    • $275,000

      Houston Commercial Land - $275K

      12,000 SF lot, prime location, high traffic.
      0 Crosstimbers St, Houston, TX 77022
      View Details
    • $110,000

      Development Ready Independence Heights Land

      Cleared lot ready for new construction in developing Independence Heights.
      305 E 43Rd St, Houston, TX 77022
      View Details
    • $250,000

      Three Lots in One Parcel

      9,540 SF parcel near shopping, parks, and award-winning schools.
      1507 E 32Nd 1/2 St, Houston, TX 77022
      View Details

    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
    • $35 SF/Yr
      1,696 SF

      Irvington Blvd Office Space For Sale

      Single-story office, prime location.
      9107 Irvington Blvd, Houston, TX 77022
      View Details
    • Contact for pricing
      1,288 SF

      Prime Houston Retail Space

      1,288 SF Freestanding Building, I-45
      4921 North Fwy, Houston, TX 77022
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Busy Houston

      Commercial suite in a high-traffic Houston shopping strip.
      232 E Crosstimbers St, 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
    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.
    1300 40th St
    Houston, TX 77022-4104
    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!