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

    1404 Baker Rd Baytown, TX 77521-2140

    • Medical offices
    • 10,826 SF
    • 1.64 lot acres
    OFF-MARKET
    Last Sale
    Apr 04, 2024
    Value Estimations
    $1,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6050648
    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

    • Medicare / Emergency Care Service
    • DENNIS T HINES / Emergency Care Physician / Family Practice Physician
    • OMOBOLAJI OLUTIMEHIN / Family Practice Physician
    • ROBERT VELARDE / Family Practice Physician / Health Care Facility
    • BARRINGTON O IRUKE / Emergency Care Physician

    Property Details for 1404 Baker Rd

    Year built
    2013
    Construction
    WOOD FRAME
    Lot size
    1.64 lot acres
    Property size
    10,826 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1339400010001
    APU
    1339400010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,535,000
      Market price range: $547k - $1.54M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,095,000
      Current use
      COMMERCIAL (GENERAL)
      $1,565,000
      Change: +43% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,295,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -94.9802
    Latitude
    29.7705
    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
    2022
    $24,488
    $357,630
    $4,227,376
    $4,585,006
    -
    $357,630
    $4,227,376
    $4,585,006

    Comparable in this City

    • Value Estimation by Request
      2,151 SF

      4201 Garth Rd Ste, Unit 318

      MEDICAL BUILDING • 2,151 SF
      4201 Garth Rd Ste, Baytown, TX 77521-3156
      View Details
    • Value Estimation by Request
      1,493 SF

      4301 Garth Rd Ste, Unit 204

      MEDICAL BUILDING • 1,493 SF
      4301 Garth Rd Ste, Baytown, TX 77521-3157
      View Details
    • Value Estimation
      $1,380,000
      13,638 SF

      2101 Baker Rd

      MEDICAL BUILDING • 13,638 SF
      2101 Baker Rd, Baytown, TX 77521-2431
      View Details
    • Value Estimation by Request
      2,739 SF

      4201 Garth Rd, Unit #

      MEDICAL BUILDING • 2,739 SF
      4201 Garth Rd, Baytown, TX 77521-3167
      View Details
    • Value Estimation by Request
      6,000 SF

      4404 Main St

      MEDICAL BUILDING • 6,000 SF
      4404 Main St, Baytown, TX 77521-2327
      View Details
    • Value Estimation
      $630,000
      4,500 SF

      4002 Garth Rd Ste, Unit 150

      MEDICAL BUILDING • 4,500 SF
      4002 Garth Rd Ste, Baytown, TX 77521-3179
      View Details

    Similar Nearby for Sale

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      Medical/Office Building For Sale

      78,202 SF medical/office building, previously an urgent care facility.
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    • $1,640,000
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      Baytown Office Building For Sale

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      Baytown Showroom and Office Space

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    • Contact for pricing
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      Baytown Office Space Available

      Modern, flexible office suites in Baytown, TX.
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    • $475,000
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      Baytown Office Space Available

      Office space for sale or lease in Baytown, Texas.
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    Similar Nearby for Lease

    • $2,000 /Mo
      1,597 SF

      Baytown Office Space For Rent

      Office space near San Jacinto Methodist Hospital available for rent.
      1001 W Baker Rd, Baytown, TX 77521
      View Details
    • $15 SF/Yr
      1,327 SF

      Baytown Shell Space For Lease

      Shell space suitable for office, medical, or retail use.
      4518 North Main St, Baytown, TX 77521
      View Details
    • $24 SF/Yr
      2,250 SF

      Medical Office Space Available

      Second-generation medical office space near Houston Methodist Baytown Hospital.
      4002 Garth Rd, Baytown, TX 77521
      View Details
    • $2.00 SF/Yr
      5,616 SF

      Baytown Office Near Methodist Hospital

      5,616 SF office space suitable for medical or religious use.
      1020 Birdsong Dr, Baytown, TX 77521
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    • $21 SF/Yr
      1,071 SF

      Medical Office Space For Lease

      Medical office space available near Houston Methodist Baytown Hospital.
      4000 Garth Rd, Baytown, TX 77521
      View Details
    • $1,100,000
      1,386 SF

      Baytown Office Space Available

      Office space for rent with immediate occupancy potential.
      1113 W Baker Rd, Baytown, TX 77521
      View Details
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    Baytown, TX 77521-2140
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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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