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

    15333 Hempstead Rd Houston, TX 77040-3011

    • Flex space
    • 49,060 SF
    • 21.47 lot acres
    OFF-MARKET
    Value Estimations
    $1,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3137255
    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

    • Iron Mountain / Records Storage Facility / Data Recovery Service

    Property Details for 15333 Hempstead Rd

    Year built
    1993
    Construction
    METAL FRAME
    Lot size
    21.47 lot acres
    Property size
    49,060 SF
    Property type
    Flex space
    APN
    1176690010001
    APU
    1176690010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,379,000
      Market price range: $746k - $1.38M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,070,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5568
    Latitude
    29.8687
    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
    $419,840
    $4,769,846
    $28,043,696
    $32,813,542
    -
    $4,769,846
    $28,043,696
    $32,813,542

    Comparable in this City

    • Value Estimation by Request

      13220 Hempstead Rd

      Flex space
      13220 Hempstead Rd, Houston, TX 77040
      View Details
    • Value Estimation
      $805,000
      40,360 SF

      8495 Tidwell Rd

      LIGHT INDUSTRIAL • 40,360 SF
      8495 Tidwell Rd, Houston, TX 77040
      View Details
    • Value Estimation
      $870,000
      44,660 SF

      7077 Fairbanks N Houston Rd

      LIGHT INDUSTRIAL • 44,660 SF
      7077 Fairbanks N Houston Rd, Houston, TX 77040-4201
      View Details
    • Value Estimation
      $565,000
      20,000 SF

      8607 Emmott Rd

      LIGHT INDUSTRIAL • 20,000 SF
      8607 Emmott Rd, Houston, TX 77040-3503
      View Details
    • Value Estimation
      $600,000
      27,516 SF

      6511 Little York Rd

      LIGHT INDUSTRIAL • 27,516 SF
      6511 Little York Rd, Houston, TX 77040-4801
      View Details
    • Value Estimation
      $555,000
      20,400 SF

      7442 Fairbanks N Houston Rd

      LIGHT INDUSTRIAL • 20,400 SF
      7442 Fairbanks N Houston Rd, Houston, TX 77040-2502
      View Details

    Similar Nearby for Sale

    • $1,750,000
      5,257 SF

      Houston Flex Warehouse - $1.75M

      Modern 5,257 SF flex space; excellent location.
      14730 Hempstead Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      16.66 Acres

      Houston Distribution Center: 181,040 SF

      Modern warehouse, excellent location.
      0 Houston Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      185,428 SF

      Houston Industrial Complex For Sale

      Prime industrial complex with excellent space and accessibility for operations.
      7415 Empire Central Dr, Houston, TX 77040
      View Details
    • Contact for pricing
      2.79 Acres

      Northwest Houston Commercial Land

      ±2.79 Acres, Prime Location, Hwy 290 Access
      0 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing
      45,500 SF

      Industrial Property in Houston, Texas

      45,500 square foot industrial property available for sale.
      5220 Ted St, Houston, TX 77040
      View Details
    • $3,650,000
      29,184 SF

      Houston Warehouse Space For Sale

      29,184 SF warehouse available in Houston, Texas.
      13504 Hempstead Rd, Houston, TX 77040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      62,001 SF

      Northwest Gessner Office Center

      Flex & Office Space Available in Houston
      14655 Northwest Fwy, Houston, TX 77040
      View Details
    • $10 SF/Yr
      1,875 SF

      Houston Flex Space For Rent

      Flex space available for lease in Houston, Texas.
      14201 Aston St, Houston, TX 77040
      View Details
    • $11 SF/Yr
      1,250 SF

      Hempstead Road Flex Space Available

      Houston Flex Space: 1,250 sq ft.
      13220 Hempstead Rd, Houston, TX 77040
      View Details
    • $1.00 SF/Yr
      4,600 SF

      End Cap Flex Space Available

      4,600 SF flex space with office and warehouse components.
      6300 Rothway St, Houston, TX 77040
      View Details
    • Contact for pricing
      26,968 SF

      Jameel Business Center: Flex Space for Lease

      Northwest Houston Industrial Flex Space
      6210 Rothway St, Houston, TX 77040
      View Details
    • $0.95 SF/Yr
      16,810 SF

      Highway Frontage Office/Warehouse/Flex Space

      Office/Warehouse/Flex Space with Highway 290 Frontage.
      15120 Northwest Fwy, Houston, TX 77040
      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.
    15333 Hempstead Rd
    Houston, TX 77040-3011
    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.