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

    1516 Mccarty St Houston, TX 77029-4121

    • Auto shops
    • 1,560 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2022
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3551917
    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

    • Sam's Body Shop / Auto Body Shop

    Property Details for 1516 Mccarty St

    Year built
    1975
    Construction
    METAL FRAME
    Lot size
    0.34 lot acres
    Property size
    1,560 SF
    Property type
    Auto shops
    APN
    1240800000001
    APU
    1240800000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $191,000
      Market price range: $58.2k - $208k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2841
    Latitude
    29.7634
    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
    $6,254
    $126,557
    $192,659
    $319,216
    -
    $126,557
    $192,659
    $319,216

    Comparable in this City

    • Value Estimation by Request
      15,300 SF

      11500 Ee Fwy

      AUTO REPAIR, GARAGE • 15,300 SF
      11500 Ee Fwy, Houston, TX 77029-1947
      View Details
    • Value Estimation
      $305,000
      2,056 SF

      10333 Market St

      AUTO REPAIR, GARAGE • 2,056 SF
      10333 Market St, Houston, TX 77029-2343
      View Details
    • Value Estimation
      $325,000
      3,500 SF

      10960 Ee Fwy

      AUTO REPAIR, GARAGE • 3,500 SF
      10960 Ee Fwy, Houston, TX 77029-1912
      View Details
    • Value Estimation
      $730,000
      34,700 SF

      10011 Nn E Loop

      AUTO REPAIR, GARAGE • 34,700 SF
      10011 Nn E Loop, Houston, TX 77029-1411
      View Details
    • Value Estimation
      $245,000
      1,500 SF

      9810 Turnbow St

      AUTO REPAIR, GARAGE • 1,500 SF
      9810 Turnbow St, Houston, TX 77029-4256
      View Details
    • Value Estimation
      $260,000
      3,440 SF

      1610 Mccarty St

      AUTO REPAIR, GARAGE • 3,440 SF
      1610 Mccarty St, Houston, TX 77029-4123
      View Details

    Similar Nearby for Sale

    • $98,000

      Mechanic Shop with Conversion Potential

      Large building with bays, office, and conversion potential.
      9702 Bucroft St, Houston, TX 77029
      View Details
    • Contact for pricing

      Freestanding Building on Hard Corner

      0.46 acre tract with 3,036 SF building for sale.
      10255 East Fwy, Houston, TX 77029
      View Details
    • $899,000

      Versatile Property in Growing Area

      Office, restroom, dining area, and adjacent lot included.
      330 Connecticut St, Houston, TX 77029
      View Details
    • $350,000
      2,297 SF

      Retail Property on East Fwy

      Retail space for sale in high-traffic Houston location.
      10533 East Fwy, Houston, TX 77029
      View Details
    • Contact for pricing
      6,750 SF

      Mixed-Use Building Near I-10

      Mixed-use building with warehouse, retail, and multi-family units.
      8019 Richards St, Houston, TX 77029
      View Details
    • $72,500

      Houston Residential Lot - 7813 sq ft

      Build your dream home, no HOA! Prime Houston location.
      1018 Calloway St, Houston, TX 77029
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,046 SF

      Retail Space Available For Rent

      Retail space available for lease in Houston, TX.
      1002 Mercury Dr, Houston, TX 77029
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Warehouse Space Available

      5,000 SF warehouse space near I-10 and Port.
      7875 Market Street Rd, Houston, TX 77029
      View Details
    • $2,500 /Mo
      10,000 SF

      Industrial Yard Near Ship Channel

      10,000 SF yard with offices near Ship Channel.
      2417 Mccarty St, Houston, TX 77029
      View Details
    • $0.45 SF/Yr
      48,000 SF

      Industrial Space Available For Lease

      48,000 SF industrial space with docks and drive-in.
      9990 East Fwy, Houston, TX 77029
      View Details
    • $0.65 SF/Yr
      27,754 SF

      Industrial Warehouse Space Available

      25,368 SF industrial space for lease in Houston, TX.
      1819 Turning Basin Dr, Houston, TX 77029
      View Details
    • $7 SF/Yr
      80,792 SF

      Houston Warehouse: 80,792 SF

      Large industrial warehouse for lease in Houston.
      635 Gellhorn Dr, Houston, TX 77029
      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.
    1516 Mccarty St
    Houston, TX 77029-4121
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.