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

    16502 Northchase Dr, Unit 4 Houston, TX 77060-3310

    • Warehouses
    • 13,117 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3159500
    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

    • Iglesia Restaurando Naciones / Restoring Nations Church / Church
    • Nomi Health / Medical Clinic

    Property Details for 16502 Northchase Dr

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    13,117 SF
    Property type
    Warehouses
    APN
    1083850000004
    APU
    1083850000004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $603,000
      Market price range: $277k - $1.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $605,000
      Current use
      MEDICAL BUILDING
      $835,000
      Change: +39% Conversion: Difficult
      RETAIL STORES
      $700,000
      Change: +16% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $505,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4025
    Latitude
    29.9383
    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
    2020
    $9,917
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,105,000
      15,000 SF

      15422 Lillja Rd

      WAREHOUSE, STORAGE • 15,000 SF
      15422 Lillja Rd, Houston, TX 77060-5220
      View Details
    • Value Estimation by Request
      1,620 SF

      14013 Stoneshire St

      WAREHOUSE, STORAGE • 1,620 SF
      14013 Stoneshire St, Houston, TX 77060-5814
      View Details
    • Value Estimation by Request
      1,512 SF

      14629 Hardy Rd, Unit 1

      WAREHOUSE, STORAGE • 1,512 SF
      14629 Hardy Rd, Houston, TX 77060-4614
      View Details
    • Value Estimation
      $1,490,000
      20,835 SF

      753 Bradfield Rd

      WAREHOUSE, STORAGE • 20,835 SF
      753 Bradfield Rd, Houston, TX 77060
      View Details
    • Value Estimation
      $575,000
      12,560 SF

      16008 Spence Rd

      WAREHOUSE, STORAGE • 12,560 SF
      16008 Spence Rd, Houston, TX 77060
      View Details
    • Value Estimation
      $930,000
      48,833 SF

      14190 Henry Rd

      WAREHOUSE, STORAGE • 48,833 SF
      14190 Henry Rd, Houston, TX 77060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,548 SF

      Versatile Commercial/Industrial Property in Houston

      6,548 SF improvements on 8.22 acres in North Houston.
      13912 E Hardy Rd, Houston, TX 77060
      View Details
    • $3,704,778
      5.67 Acres

      Houston Tx

      Land • 5.67 Acres
      0 Houston Tx, Houston, TX 77060
      View Details
    • Contact for pricing
      3.16 Acres

      Houston Commercial Land - 3.16 Acres

      Prime Houston acreage, ideal for diverse development.
      0 Benmar Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      101,510 SF

      Beltway 8 Executive Office Building

      Houston Office Building - Owner/User Opportunity
      480 Sam Houston Pkwy, Houston, TX 77060
      View Details
    • $2,194,335

      Land Available on North Sam

      Land available for sale on North Sam Houston Parkway East.
      North Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • Contact for pricing

      North Beltway 8 Land Opportunity

      Approximately 13.09 acres with frontage on North Beltway 8.
      North Sam Houston Pkwy W, Houston, TX 77060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      326,086 SF

      Houston Warehouse Space Available

      326,086 SF warehouse space for lease in Houston, TX.
      West Rd, Houston, TX 77060
      View Details
    • Contact for pricing
      10,000 SF

      Houston Warehouse Space Available

      10,000 square foot warehouse space for lease in Houston.
      18527 Imperial Valley Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      6,600 SF

      Rankin Road Office/Warehouse Space

      6,600 SF office/warehouse in Rankin Road business park.
      18519 Imperial Valley Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      5,477 SF

      Houston Office Space For Rent

      5,477 square feet of office space available for lease.
      450 N Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • $11 SF/Yr
      113,672 SF

      Houston Office Space for Lease

      North Beltway 8: Modern Office Suites
      440 Benmar Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      2,340 SF

      Greenspoint Office Space Available

      Professional office space in Greenspoint with easy highway access.
      16770 Imperial Valley Dr, Houston, TX 77060
      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.
    16502 Northchase Dr, Unit 4
    Houston, TX 77060-3310
    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.