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    1603 Thompson Park Dr Baytown, TX 77521-5146
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    Property profile & analytics

    1603 Thompson Park Dr Baytown, TX 77521-5146

    View on Map
    • Flex space
    • 16,366 SF
    • 7.90 lot acres
    Off-Market
    Property ID
    US82-6537010
    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.
    Value Estimations
    $2,530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 1603 Thompson Park Dr

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    7.90 lot acres
    Property size
    16,366 SF
    Property type
    Flex space
    APN
    1440860010001
    APU
    1440860010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,340,000
      6.5%
      $2,160,000
      7%
      $2,005,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,896,000
      Market price range: $495k - $2.90M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,955,000
      Current use
      COMMERCIAL (GENERAL)
      $2,365,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $1,655,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -95.0369
    Latitude
    29.7918
    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
    $37,053
    $1,032,042
    $5,074,006
    $6,106,048
    -
    $1,032,042
    $5,074,006
    $6,106,048

    Comparable in this City

    • Value Estimation
      $1,985,000
      16,584 SF

      7619 Gtwy Blvd

      LIGHT INDUSTRIAL • 16,584 SF
      7619 Gtwy Blvd, Baytown, TX 77521-1176
      View Details
    • Value Estimation
      $3,830,000
      24,790 SF

      6610 Thompson Rd

      LIGHT INDUSTRIAL • 24,790 SF
      6610 Thompson Rd, Baytown, TX 77521
      View Details
    • Value Estimation
      $710,000
      5,600 SF

      5307 Cedar Byu Lynchburg Rd

      LIGHT INDUSTRIAL • 5,600 SF
      5307 Cedar Byu Lynchburg Rd, Baytown, TX 77521-1462
      View Details
    • Value Estimation
      $8,170,000
      52,906 SF

      7505 Gtwy Blvd

      LIGHT INDUSTRIAL • 52,906 SF
      7505 Gtwy Blvd, Baytown, TX 77521-1173
      View Details
    • Value Estimation
      $7,280,000
      47,140 SF

      6493 Thompson Rd

      LIGHT INDUSTRIAL • 47,140 SF
      6493 Thompson Rd, Baytown, TX 77521
      View Details
    • Value Estimation
      $4,535,000
      29,365 SF

      1650 Ee Fwy

      LIGHT INDUSTRIAL • 29,365 SF
      1650 Ee Fwy, Baytown, TX 77521-1352
      View Details

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    • $5,000,000

      9.6 Acres Unimproved Land Baytown

      9.6 acres of unimproved land with AG exemption.
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    • $849,500
      4,000 SF

      Baytown Warehouse on Large Lot

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      2,476,500 SF

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      Massive warehouse, I-10 access, 179 acres
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      4,000 SF

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      Spacious Warehouse, Prime Location, High Potential
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      Baytown Land with Shop

      10.33 acres of land with shop and office space.
      7419 Fm 1942 Rd, Baytown, TX 77521
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      Flex Space with Private Office

      1,500 SF flex space featuring private office and restroom.
      5548 N Main St, Baytown, TX 77521
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      Unique Parcel with Private Access

      Land with private access, suitable for residence or storage.
      6400 N Main St, Baytown, TX 77521
      View Details
    • Contact for pricing

      Retail Space in HEB Center

      New construction retail space available at HEB anchored center.
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      Baytown Retail Space Available

      Retail spaces available in Baytown Village Square.
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      View Details
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    Baytown, TX 77521-5146
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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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