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

    1316 76th St Houston, TX 77012-1008

    • Warehouses
    • 8,372 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2021
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0489649
    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

    • Metro Grease Service LLC / Food Processing Plant

    Property Details for 1316 76th St

    Year built
    1954
    Construction
    METAL FRAME
    Lot size
    0.91 lot acres
    Property size
    8,372 SF
    Property type
    Warehouses
    APN
    251930000019
    APU
    251930000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,025,000
      6.5%
      $950,000
      7%
      $880,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $828,000
      Market price range: $299k - $828k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $565,000
      Current use
      COMMERCIAL (GENERAL)
      $1,480,000
      Change: +162% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,200,000
      Change: +112% Conversion: Easy
      RETAIL STORES
      $1,050,000
      Change: +86% Conversion: Moderate
      RESTAURANT
      $960,000
      Change: +70% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $925,000
      Change: +64% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $780,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $580,000
      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
    -95.286
    Latitude
    29.7403
    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
    $16,781
    $711,000
    $358,239
    $1,069,239
    -
    $711,000
    $358,239
    $1,069,239

    Comparable in this City

    • Value Estimation
      $4,595,000
      43,300 SF

      8910 Lawndale St

      WAREHOUSE, STORAGE • 43,300 SF
      8910 Lawndale St, Houston, TX 77012-3464
      View Details
    • Value Estimation
      $1,695,000
      16,000 SF

      8323 Manchester St

      WAREHOUSE, STORAGE • 16,000 SF
      8323 Manchester St, Houston, TX 77012
      View Details
    • Value Estimation
      $2,660,000
      37,550 SF

      2305 Broadway St

      WAREHOUSE, STORAGE • 37,550 SF
      2305 Broadway St, Houston, TX 77012-3809
      View Details
    • Value Estimation
      $1,575,000
      60,850 SF

      7939 Harrisburg Blvd

      WAREHOUSE, STORAGE • 60,850 SF
      7939 Harrisburg Blvd, Houston, TX 77012-1601
      View Details
    • Value Estimation
      $1,690,000
      25,010 SF

      7509 Ave P P

      WAREHOUSE, STORAGE • 25,010 SF
      7509 Ave P P, Houston, TX 77012-1049
      View Details
    • Value Estimation by Request
      1,200 SF

      819 80th St

      WAREHOUSE, STORAGE • 1,200 SF
      819 80th St, Houston, TX 77012-1632
      View Details

    Similar Nearby for Sale

    • $490,000
      4,730 SF

      Industrial Property with Crane Access

      Industrial property featuring crane, ample parking, and outdoor storage.
      8316 La Porte Rd, Houston, TX 77012
      View Details
    • $350,000
      0.39 Acres

      Brays Bayou Greenway Land

      Land near Brays Bayou Greenway Trail, Houston, TX.
      7932 Brays St, Houston, TX 77012
      View Details
    • $395,000
      12,900 SF

      Corner Lot Near Hobby Airport

      Vacant 12,900 SF corner lot near Hobby Airport.
      4102 Broadway St, Houston, TX 77012
      View Details
    • Contact for pricing

      Grocery Store Portfolio Opportunity

      Four properties in Houston area with income and development potential.
      8011 Elvera St, Houston, TX 77012
      View Details
    • $225,000
      1,879 SF

      Houston Duplex Investment Opportunity

      Dual-unit property near Downtown Houston with strong rental history.
      7717 Baltimore St, Houston, TX 77012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Houston Flex Space For Lease

      Flex, industrial, warehouse, and office spaces available for lease.
      8910 Lawndale St, Houston, TX 77012
      View Details
    • New
      Contact for pricing
      3,500 SF

      Industrial Suite with Office Space

      Industrial suite featuring office, production, and warehouse areas for lease.
      8910-8930 Lawndale St, Houston, TX 77012
      View Details
    • $4,500 /Mo
      4,140 SF

      Industrial Warehouse Space Available

      4,140 SF warehouse space for lease in Houston, TX.
      2736 Fennell St, Houston, TX 77012
      View Details
    • Contact for pricing

      HVAC Flex Industrial Warehouse Space

      Adaptable space with offices, training areas, and warehouse potential.
      7524 Avenue N, Houston, TX 77012
      View Details
    • Contact for pricing

      Harrisburg Blvd Commercial Land Lease

      Commercial land with office building for lease in Houston's East End.
      7629 Harrisburg Blvd, Houston, TX 77012
      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.
    1316 76th St
    Houston, TX 77012-1008
    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!