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

    1303 1st St Bellaire, TX 77401-6001

    • Warehouses
    • 4,130 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4528026
    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

    • TYart LLC Art Services / Arts Organization
    • TYart LLC / Storage Facility

    Property Details for 1303 1st St

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    0.47 lot acres
    Property size
    4,130 SF
    Property type
    Warehouses
    APN
    370530130031
    APU
    370530130031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $314,000
      Market price range: $120k - $315k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $205,000
      Current use
      AUTO REPAIR, GARAGE
      $375,000
      Change: +80% Conversion: Easy
      MEDICAL BUILDING
      $270,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $205,000
      Change: -2% Conversion: Moderate
      OFFICE BUILDING
      $180,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellaire
    County
    Harris
    State
    Texas
    Longitude
    -95.4636
    Latitude
    29.7229
    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
    $18,050
    $309,000
    $567,489
    $876,489
    -
    $309,000
    $567,489
    $876,489

    Comparable in this City

    • Value Estimation
      $495,000
      4,550 SF

      1321 1st St

      WAREHOUSE, STORAGE • 4,550 SF
      1321 1st St, Bellaire, TX 77401
      View Details
    • Value Estimation
      $460,000
      15,750 SF

      5210 Spruce St

      WAREHOUSE, STORAGE • 15,750 SF
      5210 Spruce St, Bellaire, TX 77401-3311
      View Details
    • Value Estimation
      $775,000
      28,188 SF

      1331 1st St

      WAREHOUSE, STORAGE • 28,188 SF
      1331 1st St, Bellaire, TX 77401-6001
      View Details
    • Value Estimation
      $655,000
      20,032 SF

      1308 1st St

      WAREHOUSE, STORAGE • 20,032 SF
      1308 1st St, Bellaire, TX 77401-6002
      View Details
    • Value Estimation
      $945,000
      30,600 SF

      1301 1st St

      WAREHOUSE, STORAGE • 30,600 SF
      1301 1st St, Bellaire, TX 77401-6001
      View Details
    • Value Estimation
      $620,000
      21,664 SF

      5455 Dashwood St

      WAREHOUSE, STORAGE • 21,664 SF
      5455 Dashwood St, Bellaire, TX 77401-3944
      View Details

    Similar Nearby for Sale

    • $525,000

      Prime Corner Lot in Bellaire

      Oversized corner lot in the heart of Bellaire.
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      Land For Sale Bellaire

      Land available for sale in Bellaire, Texas.
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    • $399,000

      Bellaire Boulevard Retail Opportunity

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    • $469,000

      Expansive Lot, Dream Home Potential

      Large lot with design plans and permits for custom home.
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    • $765,000

      Bellaire Land for Sale

      Land available in Bellaire, Texas. Home is a tear down.
      4519 Holt St, Bellaire, TX 77401
      View Details
    • Contact for pricing
      279,333 SF

      Energy-Efficient Office Building For Sale

      Energy-efficient office building with high-quality finishes, fitness center, and parking.
      6330 West Loop South, Bellaire, TX 77401
      View Details

    Similar Nearby for Lease

    • $2,849,000
      2,100 SF

      Bellaire Flex Space Available

      2,100 SF flex space with private entrance in Bellaire.
      5455 Dashwood St, Bellaire, TX 77401
      View Details
    • Contact for pricing
      76,972 SF

      Prime Bellaire Medical Office Space

      76,972 SF Medical Office Building for Lease
      6800 Loop Fwy, Bellaire, TX 77401
      View Details
    • Contact for pricing
      70,000 SF

      Bellaire Blvd Retail Center

      Prime Bellaire location, 8 suites available.
      5313-5407 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • $24 SF/Yr
      2,936 SF

      Bellaire Plaza

      Lifestyle centers • 2,936 SF
      5410 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • $16 SF/Yr
      5,600 SF

      Bellaire Office Building For Rent

      Office building in the heart of Bellaire with flexible layout.
      5231 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • Contact for pricing
      37,699 SF

      Bellaire Blvd Retail Center

      High-traffic retail space available in Bellaire, TX
      0 Bellaire Blvd. & Rice Ave, Bellaire, TX 77401
      View Details
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    Bellaire, TX 77401-6001
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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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