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    Property profile & analytics

    1703 Hugh Rd Houston, TX 77067-1303

    • Flex space
    • 13,910 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5429863
    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

    • Medcalf Fabrication Inc / Steel Fabricator

    Property Details for 1703 Hugh Rd

    Year built
    1981
    Construction
    METAL FRAME
    Lot size
    1.92 lot acres
    Property size
    13,910 SF
    Property type
    Flex space
    APN
    680590010034
    APU
    680590010034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $350,000
      Market price range: $234k - $491k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4501
    Latitude
    29.9579
    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
    $11,792
    $195,473
    $1,407,793
    $1,603,266
    -
    $195,473
    $1,407,793
    $1,603,266

    Comparable in this City

    • Value Estimation
      $585,000
      20,420 SF

      11704 Trickey Rd

      LIGHT INDUSTRIAL • 20,420 SF
      11704 Trickey Rd, Houston, TX 77067
      View Details
    • Value Estimation
      $575,000
      29,584 SF

      1255 Grand Plz Dr

      LIGHT INDUSTRIAL • 29,584 SF
      1255 Grand Plz Dr, Houston, TX 77067-4330
      View Details
    • Value Estimation
      $485,000
      42,500 SF

      1702 Gears Rd, Unit B

      LIGHT INDUSTRIAL • 42,500 SF
      1702 Gears Rd, Houston, TX 77067-4002
      View Details
    • Value Estimation
      $710,000
      25,708 SF

      13511 Grn Low Dr

      LIGHT INDUSTRIAL • 25,708 SF
      13511 Grn Low Dr, Houston, TX 77067-3235
      View Details
    • Value Estimation
      $565,000
      100,586 SF

      1616 Gears Rd

      LIGHT INDUSTRIAL • 100,586 SF
      1616 Gears Rd, Houston, TX 77067-4106
      View Details
    • Value Estimation by Request
      107,213 SF

      11233 Crown Park Dr

      Flex space • 107,213 SF
      11233 Crown Park Dr, Houston, TX 77067
      View Details

    Similar Nearby for Sale

    • $700,000
      4.80 Acres

      Houston Commercial Land - 4.8 Acres

      Prime Houston land, unrestricted use.
      0 Hugh Rd, Houston, TX 77067
      View Details
    • $1,000,000

      Land Near I-45 and Beltway 8

      Land with high potential, near I-45 and Beltway 8.
      Northborough Dr, Houston, TX 77067
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    • $1,100,000

      Land Available in Houston, TX

      Land for sale at 11921 Veterans Memorial Dr, Houston, TX.
      11921 Veterans Memorial Dr, Houston, TX 77067
      View Details
    • $885,140

      Gears Road Commercial Land Available

      Commercial land with frontage on Gears Rd, near I-45.
      1402 Gears Rd, Houston, TX 77067
      View Details
    • $4,605,115
      23.49 Acres

      Houston Commercial Land - 23 Acres

      Prime Houston land, ideal for development. Excellent location.
      000 Ella Blvd, Houston, TX 77067
      View Details
    • $1,393,000

      Commercial Land on Rankin Drive

      2.4 acres of commercial land suitable for various developments.
      Rankin Rd, Houston, TX 77067
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      107,213 SF

      11233 Crown Park Dr

      Flex space • 107,213 SF
      11233 Crown Park Dr, Houston, TX 77067
      View Details
    • Contact for pricing
      46,155 SF

      Houston Warehouse with Truck Court

      46,155 SF warehouse with immediate highway access available for lease.
      1050 Greens Pkwy, Houston, TX 77067
      View Details
    • Contact for pricing
      20,000 SF

      Column-Free Warehouse Near IAH Airport

      20,000 SF warehouse with trailer storage and airport access.
      3340 Greens Rd, Houston, TX 77067
      View Details
    • Contact for pricing
      32,400 SF

      Prime Houston Retail Space

      Two-story retail building, ±150 parking spaces
      251 Greens Rd, Houston, TX 77067
      View Details
    • Contact for pricing
      598,950 SF

      Prime Corner Pad Site Available

      13.75-acre pad site for sale or ground lease.
      Spears Rd, Houston, TX 77067
      View Details
    • Contact for pricing
      7,674 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      351-403 Greens Rd, Houston, TX 77067
      View Details
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    1703 Hugh Rd
    Houston, TX 77067-1303
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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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