Sign Up Successful!
You now have access to more from Realmo!
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

    1500 Crabb Riv Rd, Unit 1520 Richmond, TX 77469-5623

    • Commercial real estate
    • 12,640 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4141966
    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

    • Greatwood Collision Center / Auto Repair Shop

    Property Details for 1500 Crabb Riv Rd

    Year built
    2003
    Lot size
    1.42 lot acres
    Property size
    12,640 SF
    Zone code
    S
    Property type
    Commercial real estate
    APN
    0049-00-000-0501-901
    APU
    49000000501901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,362,000
      Market price range: $605k - $2.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6933
    Latitude
    29.5541
    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
    $29,924
    $558,810
    $1,049,413
    $1,608,223
    -
    $558,810
    $1,049,413
    $1,608,223

    Comparable in this City

    • Value Estimation
      $560,000
      3.22 Acres

      535 Fm 2977th Rd

      COMMERCIAL (GENERAL) • 3.22 Acres
      535 Fm 2977th Rd, Rosenberg, TX 77469-7511
      View Details
    • Value Estimation by Request
      1.79 Acres

      1828 J Meyer Rd

      COMMERCIAL (GENERAL) • 1.79 Acres
      1828 J Meyer Rd, Rosenberg, TX 77469
      View Details
    • Value Estimation by Request
      1.93 Acres

      7219 Koeblen Rd

      COMMERCIAL (GENERAL) • 1.93 Acres
      7219 Koeblen Rd, Richmond, TX 77469
      View Details
    • Value Estimation by Request
      0.66 Acres

      20450 Swsw Fwy

      COMMERCIAL (GENERAL) • 0.66 Acres
      20450 Swsw Fwy, Richmond, TX 77469-7173
      View Details
    • Value Estimation
      $710,000
      2.61 Acres

      451 Fm 2977 Rd, Unit 149-170

      COMMERCIAL (GENERAL) • 2.61 Acres
      451 Fm 2977 Rd, Rosenberg, TX 77469-7520
      View Details
    • Value Estimation
      $770,000
      15.00 Acres

      24500 Fm 762

      COMMERCIAL (GENERAL) • 15.00 Acres
      24500 Fm 762, Richmond, TX 77469
      View Details

    Similar Nearby for Sale

    • $1,045,000
      4,992 SF

      Richmond TX Commercial Storage Facility

      4,992 SF Storage Building, High Potential
      5555 Hand Rd, Richmond, TX 77469
      View Details
    • $825,000
      3.00 Acres

      Boothline Road Commercial Land

      3-acre prime development site in Richmond, TX
      5619 Boothline Rd, Richmond, TX 77469
      View Details
    • $2,600,000
      17.00 Acres

      Richmond Commercial Land - 17 Acres

      Prime 17-acre commercial tract with existing home.
      415 Crabb River Rd, Richmond, TX 77469
      View Details
    • $2,328,975
      8.47 Acres

      Boothline Road Development Land

      8.469 Acres, Prime Richmond Location
      5621 Boothline Rd, Richmond, TX 77469
      View Details
    • $4,262,524

      Richmond TX Commercial Land

      ±9.79 Acres, Prime Development Site
      1922 Williams Way Blvd, Richmond, TX 77469
      View Details
    • Contact for pricing
      15.00 Acres

      15 Acres Commercial Land, Rosenberg, TX

      Prime 15-acre commercial tract near Brazos Town Center.
      15 Acres Spacek Rd, Richmond, TX 77469
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,151 SF

      Lynn Haven Suites: Richmond Office Space

      3,151 sq ft Office, Retail, Medical
      4832 Fm 2218 Rd, Richmond, TX 77469
      View Details
    • Contact for pricing
      30,000 SF

      Brazos Plaza Office Suites Available

      Modern Office Space, Fort Bend County
      7200 Reading Rd, Rosenberg, TX 77469
      View Details
    • $26 SF/Yr
      13,429 SF

      Mega Square Shopping Center: Richmond, TX

      Retail Space Available: I-69 Frontage, High Traffic
      4120 Richmond Pkwy, Richmond, TX 77469
      View Details
    • $2,500 /Mo
      1,650 SF

      Updated Office Space in Richmond

      Charming, updated office space in the heart of Old Town.
      803 Austin St, Richmond, TX 77469
      View Details
    • Contact for pricing
      1,575 SF

      Downtown Richmond Medical Office Space

      1,575 SF medical office in the heart of Richmond.
      1601 Liberty St, Richmond, TX 77469
      View Details
    • $29 SF/Yr
      1,108 SF

      Retail/Office Space Near Richmond Parkway

      Retail or office space with high visibility and easy highway access.
      4125 Williams Way Blvd, Richmond, TX 77469
      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.
    1500 Crabb Riv Rd, Unit 1520
    Richmond, TX 77469-5623
    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.