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

    16628 Lee Rd Humble, TX 77396-1717

    • Warehouses
    • 1,200 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    4.9%
    Warehouses
    Location Intelligence
    Property ID
    US82-7938184
    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

    • Repair Right Auto Service Llc / Mechanic

    Property Details for 16628 Lee Rd

    Year built
    2016
    Construction
    METAL FRAME
    Lot size
    0.19 lot acres
    Property size
    1,200 SF
    Property type
    Warehouses
    APN
    903070000445
    APU
    903070000445

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $190,000
      7%
      $180,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.3063
    Latitude
    29.962
    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
    $1,397
    $16,552
    $98,109
    $114,661
    -
    $16,552
    $98,109
    $114,661

    Comparable in this City

    • Value Estimation by Request
      153,554 SF

      2311 Houston Ave

      Distribution properties • 153,554 SF
      2311 Houston Ave, Humble, TX 77396
      View Details
    • Value Estimation by Request
      75,579 SF

      2311 Houston Ave

      Distribution properties • 75,579 SF
      2311 Houston Ave, Humble, TX 77396
      View Details
    • Value Estimation
      $645,000
      14,760 SF

      15116 Lee Rd

      WAREHOUSE, STORAGE • 14,760 SF
      15116 Lee Rd, Humble, TX 77396-2097
      View Details
    • Value Estimation by Request
      3,000 SF

      7707 Sam Houston E Pkwy

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      7707 Sam Houston E Pkwy, Humble, TX 77396-4591
      View Details
    • Value Estimation
      $540,000
      17,371 SF

      5902 Grns Rd

      WAREHOUSE, STORAGE • 17,371 SF
      5902 Grns Rd, Humble, TX 77396-2023
      View Details
    • Value Estimation
      $220,000
      5,625 SF

      6730 Ackley Dr

      WAREHOUSE, STORAGE • 5,625 SF
      6730 Ackley Dr, Humble, TX 77396
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,384 SF

      Humble Warehouse with Office Space

      5,652 SF warehouse with 1,185 SF office space.
      16410-16450 Lee Rd, Humble, TX 77396
      View Details
    • Contact for pricing
      3,040 SF

      Humble Warehouse with Office Space

      3,040 SF warehouse with office on 0.46 acres.
      2309 Houston Ave, Humble, TX 77396
      View Details
    • $320,000
      2,250 SF

      Spacious Industrial Workshop For Sale

      Versatile workshop space ideal for trades and manufacturing businesses.
      13918 Homestead Rd, Humble, TX 77396
      View Details
    • Contact for pricing
      75,579 SF

      Humble, TX Warehouse Portfolio

      Ten industrial buildings, 75,579 SF total.
      2311 Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      77,975 SF

      Humble, TX Warehouse Trio

      Three modern warehouses, fully delivered Q3 2024.
      2311 Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      62,000 SF

      Humble Warehouse on 3.56 Acres

      62,000 SF warehouse on 3.56 acres in Humble, TX.
      5910 Hamblen Dr, Humble, TX 77396
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6 SF

      Freestanding Building For Lease

      6,000 SF freestanding building available for lease.
      2831 South Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      28,620 SF

      Secured Industrial Property with Yard

      Industrial property with quick freeway access and outside storage.
      1215-1221 Indiana St, Humble, TX 77396
      View Details
    • Contact for pricing
      6 SF

      Freestanding Building in Humble, TX

      Freestanding building with 6,000 SF available for sale.
      2831 South Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      153,554 SF

      Humble Warehouse Space Available

      Modern warehouse space for lease in Humble, TX.
      2311 Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      9,800 SF

      New Construction Warehouse in Humble

      9,000 SF warehouse with offices to suit for rent.
      8101-8102 Cedar Pond Dr, Humble, TX 77396
      View Details
    • Contact for pricing
      4,707 SF

      Humble Warehouse Space Available

      4,707 SF warehouse space available for lease in Humble, TX.
      1003 Atascocita Rd, Humble, TX 77396
      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.
    16628 Lee Rd
    Humble, TX 77396-1717
    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.