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

    1615 Hillendahl Blvd Ste, Unit 199 Houston, TX 77055-3416

    • Assisted living facilities
    • 42,695 SF
    • 4.30 lot acres
    OFF-MARKET
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4583122
    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

    • Assisted living facilities

    Property Details for 1615 Hillendahl Blvd Ste

    Year built
    1965
    Construction
    BRICK
    Lot size
    4.30 lot acres
    Property size
    42,695 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1188170010001
    APU
    1188170010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,045,000
      Market price range: $421k - $1.09M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $715,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4947
    Latitude
    29.8002
    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
    $101,111
    $3,747,280
    $5,987,371
    $9,734,651
    -
    $3,747,280
    $5,987,371
    $9,734,651

    Comparable in this City

    • Value Estimation
      $735,000
      47,034 SF

      8810 Long Pt Rd, Unit 174

      HOMES (RETIRED, NURSING) • 47,034 SF
      8810 Long Pt Rd, Houston, TX 77055-3006
      View Details
    • Value Estimation
      $850,000
      76,156 SF

      1341 Blalock Rd, Unit 240

      HOMES (RETIRED, NURSING) • 76,156 SF
      1341 Blalock Rd, Houston, TX 77055-6427
      View Details
    • Value Estimation
      $4,170,000
      180,725 SF

      9230 Katy Fwy

      MEDICAL BUILDING • 180,725 SF
      9230 Katy Fwy, Houston, TX 77055-7469
      View Details
    • Value Estimation
      $700,000
      13,641 SF

      1241 Campbell Rd

      MEDICAL BUILDING • 13,641 SF
      1241 Campbell Rd, Houston, TX 77055-6453
      View Details
    • Value Estimation by Request
      119,160 SF

      1449 Wirt Rd

      Medical space • 119,160 SF
      1449 Wirt Rd, Houston, TX 77055
      View Details
    • Value Estimation by Request
      14,532 SF

      8845 Long Pt Rd

      MEDICAL BUILDING • 14,532 SF
      8845 Long Pt Rd, Houston, TX 77055-5300
      View Details

    Similar Nearby for Sale

    • $485,000

      Midrise Condo for 55+ Community

      Elegant 3-bedroom condo in a vibrant 55+ community.
      6804 Westview Dr, Houston, TX 77055
      View Details
    • Contact for pricing
      25,771 SF

      Houston Warehouse - 25,771 SF

      Prime Houston industrial space; ideal for various uses.
      1221 Adkins Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      1 SF

      Multifamily Property on Long Point

      24-unit multifamily property with high visibility and stable income.
      7507 Long Point Rd, Houston, TX 77055
      View Details
    • $915,000

      Spring Branch Development Opportunity

      Land development opportunity in Spring Branch, zoned to Memorial High.
      6100 Clarkson Ln, Houston, TX 77055
      View Details
    • $110,000

      Charming Ravenwood Parque Condominium

      First-floor, 2-bedroom, 2-bathroom condo in Houston's Ravenwood Parque.
      1950 Spenwick Dr, Houston, TX 77055
      View Details
    • Contact for pricing
      25,571 SF

      Industrial Space with Crane Capacity

      25,771 SF industrial space with multiple cranes for sale.
      1221 Adkins Rd, Houston, TX 77055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,056 SF

      Spring Branch Retail Space for Lease

      Prime Houston Retail, Multiple Spaces Available
      8141 Long Point Rd, Houston, TX 77055
      View Details
    • $25 SF/Yr
      82,526 SF

      Class A Medical Office Sublease

      Prime Medical Space Available Now
      9230 Katy Fwy, Houston, TX 77055
      View Details
    • $19 SF/Yr
      3,604 SF

      Spring Branch Commercial Property

      Prime Retail/Medical Office Opportunity
      7414 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      38,468 SF

      Shoppes at Memorial Villages: Houston

      Houston Flex Space: 7 Suites Available
      1014 Wirt Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      5,715 SF

      Houston Warehouse with Fenced Truck

      Warehouse space with rear loading and fenced truck court.
      4400-4420 W 12Th St, Houston, TX 77055
      View Details
    • $1,320 /Mo
      896 SF

      Spring Branch Condo with Upgrades

      Gated community condo with upgrades, pools, and convenient location.
      2021 Spenwick Dr, Houston, TX 77055
      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.
    1615 Hillendahl Blvd Ste, Unit 199
    Houston, TX 77055-3416
    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.