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    Property profile & analytics

    1475 Fm 1960th Byp E Rd Humble, TX 77338-3909

    • Hospitals
    • 33,610 SF
    • 2.36 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5327232
    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

    • Hospitals

    Property Details for 1475 Fm 1960th Byp E Rd

    Year built
    2000
    Construction
    CONCRETE BLOCKS
    Lot size
    2.36 lot acres
    Property size
    33,610 SF
    Property type
    Hospitals
    APN
    1206640000004
    APU
    1206640000004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2525
    Latitude
    30.0049
    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
    $66,348
    $667,589
    $6,224,551
    $6,892,140
    -
    $667,589
    $6,224,551
    $6,892,140

    Comparable in this City

    • Value Estimation
      $485,000
      29,433 SF

      19002 Mckay Dr

      HOSPITAL - PRIVATE • 29,433 SF
      19002 Mckay Dr, Humble, TX 77338-5701
      View Details
    • Value Estimation
      $525,000
      41,601 SF

      19211 Mckay Dr, Unit 54

      HOSPITAL - PRIVATE • 41,601 SF
      19211 Mckay Dr, Humble, TX 77338-5502
      View Details
    • Value Estimation by Request
      159,513 SF

      18951 Memorial Dr

      HOSPITAL - PRIVATE • 159,513 SF
      18951 Memorial Dr, Humble, TX 77338-4217
      View Details
    • Value Estimation
      $615,000
      58,768 SF

      18839 Mckay Dr, Unit 46

      HOSPITAL - PRIVATE • 58,768 SF
      18839 Mckay Dr, Humble, TX 77338-5721
      View Details
    • Value Estimation by Request
      13,050 SF

      18960 Memorial Dr

      HOSPITAL - PRIVATE • 13,050 SF
      18960 Memorial Dr, Humble, TX 77338-4216
      View Details
    • Value Estimation
      $705,000
      48,603 SF

      8450 Will Clayton Pkwy, Unit 120

      HOMES (RETIRED, NURSING) • 48,603 SF
      8450 Will Clayton Pkwy, Humble, TX 77338-5830
      View Details

    Similar Nearby for Sale

    • $2,900,000
      5,886 SF

      Turnkey Medical Facility with Expansion

      Fully equipped medical facility with development potential near Memorial Hermann.
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      Humble Commercial Land Investment

      ±4 Acres, Prime Harris County Location
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      High-Visibility Humble Retail Pad

      30,000 SF Retail Space - Prime Location
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      36,825 SF

      Humble Office Complex: Prime Location

      Two-building office complex, 36,825 SF, vacant.
      1722 Treble Dr, Humble, TX 77338
      View Details
    • Contact for pricing
      2.42 Acres

      Humble Commercial Land - 2.42 Acres

      Prime Development Site in Humble, TX
      0 Kenswick Dr, Humble, TX 77338
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    • $250,000

      Redevelopment Opportunity Near Wilson Road

      Land with freestanding building, ideal for retail redevelopment.
      1514 E 1St St, Humble, TX 77338
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    Similar Nearby for Lease

    • Contact for pricing
      28,369 SF

      Humble Medical Office Building

      Class C Medical Office, 4 Suites Available
      9816 Memorial Blvd, Humble, TX 77338
      View Details
    • Contact for pricing
      2,222 SF

      Prime Medical Office Space Humble, TX

      Exceptional Dental Office Suite - Ready to Lease
      19411 Mckay Dr, Humble, TX 77338
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    • $36 SF/Yr
      9,200 SF

      Shops at Deerbrook: Retail Space for Lease

      Prime Retail Space near Deerbrook Mall
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      View Details
    • Contact for pricing
      55,826 SF

      Prime North Houston Warehouse

      55,826 SF Warehouse - Available Now
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    • $28 SF/Yr
      21,803 SF

      Humble High Retail Center

      Prime Retail Space Available Now
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      View Details
    • $12 SF/Yr
      9,900 SF

      Humble Industrial Space Available

      9,900 SF Multi-Tenant Industrial Building
      40 Wilson Rd, Humble, TX 77338
      View Details

    Property Visit Statistics

    • Visits by month
      22.5k
    • Visitors by month
      14.4k
    • Avg Time on site
      11 min
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    Humble, TX 77338-3909
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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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