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    Property profile & analytics

    1402 Cherry St, Unit 216 Tomball, TX 77375-6694

    • Mobile home & RV parks
    • 2,400 SF
    • 23.74 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3712111
    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

    • Corral RV Park / Campground & RV Park
    • All serve / Cleaners / House Cleaning Service
    • Carrol Mobile Home / Campground & RV Park

    Property Details for 1402 Cherry St

    Year built
    1997
    Construction
    METAL FRAME
    Lot size
    23.74 lot acres
    Property size
    2,400 SF
    Property type
    Mobile home & RV parks
    APN
    352860000168
    APU
    352860000168

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $778,000
      Market price range: $307k - $779k

    • Alternative Use

      Use
      Estimation
      MOBILE HOME PARK, TRAILER PARK
      $575,000
      Current use
      OFFICE BUILDING
      $615,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.614
    Latitude
    30.0844
    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
    2020
    $32,645
    $1,513,906
    $2,023,654
    $3,537,560
    -
    $1,513,906
    $2,023,654
    $3,537,560

    Comparable in this City

    • Value Estimation
      $530,000
      1,344 SF

      9850 Boudreaux Rd, Unit 400

      MOBILE HOME PARK, TRAILER PARK • 1,344 SF
      9850 Boudreaux Rd, Tomball, TX 77375-7429
      View Details
    • Value Estimation by Request
      1,470 SF

      24723 Stuebner Airline Rd, Unit 30

      MOBILE HOME PARK, TRAILER PARK • 1,470 SF
      24723 Stuebner Airline Rd, Tomball, TX 77375-3125
      View Details
    • Value Estimation
      $580,000
      2,000 SF

      10810 Hufsmith Rd, Unit 88

      MOBILE HOME PARK, TRAILER PARK • 2,000 SF
      10810 Hufsmith Rd, Tomball, TX 77375-3500
      View Details
    • Value Estimation by Request
      1,640 SF

      1107 Lovett St, Unit 30

      GARDEN APT, COURT APT (5+ UNITS) • 1,640 SF
      1107 Lovett St, Tomball, TX 77375-4817
      View Details
    • Value Estimation
      $885,000
      12,672 SF

      1515 Rudel Dr, Unit 128

      GARDEN APT, COURT APT (5+ UNITS) • 12,672 SF
      1515 Rudel Dr, Tomball, TX 77375-4251
      View Details
    • Value Estimation
      $9,080,000
      177,146 SF

      22803 State Hwy 249th, Unit 328

      HIGH-RISE APARTMENTS • 177,146 SF
      22803 State Hwy 249th, Tomball, TX 77375-8318
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      49.69 Acres

      Tomball Commercial Land - 49.69 Acres

      Prime Tomball location, multifamily potential.
      0 Sec Of Sh 249 & Brown Rd, Tomball, TX 77375
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    • $1,000,000
      1.53 Acres

      Tomball Mixed-Use Investment

      5-unit multifamily, development potential.
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      2.30 Acres

      ±2.3 Acres Tomball Commercial Land

      Prime Tomball land, ideal for mixed-use development.
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      Tomball Development Land

      High-traffic, unrestricted land. Build-to-suit options.
      26000 Tx-249, Tomball, TX 77375
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    • $2,300,000
      12.00 Acres

      Tomball Acreage with Buildings

      12 Acres, Warehouse, Residence
      11031 Spell Rd, Tomball, TX 77375
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    • $3,300,000
      9.23 Acres

      Tomball Residential Land - 9.23 Acres

      Prime Tomball land, ideal multi-family development.
      0 Seq Of Lacey Rd & Hufsmith Kohrville Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      2,010 SF

      Tomball Office Space For Rent

      Office space in Tomball, TX available for immediate occupancy.
      13624 Michel Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      3,261 SF

      Tomball Office Space For Rent

      Office space available for rent in Tomball, Texas.
      425-425 Holderrieth Blvd, Tomball, TX 77375
      View Details
    • $32 SF/Yr
      23,742 SF

      Shops at Bauer Landing: Prime Retail

      Texas retail space, multiple units available.
      22610 Fm 2920, The Woodlands, TX 77375
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    • $12 SF/Yr
      15,616 SF

      Tomball Office Warehouse Suites

      Modern Industrial Space Available Now
      503 Hufsmith Rd, Tomball, TX 77375
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    • Contact for pricing
      31,000 SF

      Prime Land on Spring Cypress

      High-visibility land with frontage on Spring Cypress Road in Tomball.
      Spring Cypress Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      13,125 SF

      Hufsmith Kohrville Rd Warehouse

      13,125 SF Warehouse For Lease
      21431 Hufsmith Kohrville Rd, Tomball, TX 77375
      View Details
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    1402 Cherry St, Unit 216
    Tomball, TX 77375-6694
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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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