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    Property profile & analytics

    17203 Premium Dr Hockley, TX 77447-8020

    • Office buildings
    • 4,250 SF
    • 7.50 lot acres
    OFF-MARKET
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5203405
    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

    • Lone Star Ready Mix / Building Supply
    • Dynamic Concrete Pumping, LLC. / Construction Company

    Property Details for 17203 Premium Dr

    Year built
    2020
    Lot size
    7.50 lot acres
    Property size
    4,250 SF
    Property type
    Office buildings
    APN
    1502490010001
    APU
    1502490010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $990,000
      6.5%
      $915,000
      7%
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,051,000
      Market price range: $114k - $1.05M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $610,000
      Current use
      COMMERCIAL (GENERAL)
      $615,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.8676
    Latitude
    30.0251
    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
    $11,982
    $277,043
    $1,625,395
    $1,902,438
    -
    $277,043
    $1,625,395
    $1,902,438

    Comparable in this City

    • Value Estimation
      $2,785,000
      60,834 SF

      33402 Hwy 290

      OFFICE BUILDING • 60,834 SF
      33402 Hwy 290, Hockley, TX 77447-7885
      View Details
    • Value Estimation by Request
      3,564 SF

      17210 Warren Rnch Rd

      OFFICE BUILDING • 3,564 SF
      17210 Warren Rnch Rd, Hockley, TX 77447-0806
      View Details
    • Value Estimation by Request
      10,000 SF

      18231 Bauer Rd

      Distribution properties • 10,000 SF
      18231 Bauer Rd, Hockley, TX 77447
      View Details
    • Value Estimation by Request
      10,000 SF

      18231 Bauer Rd

      Distribution properties • 10,000 SF
      18231 Bauer Rd, Hockley, TX 77447
      View Details
    • Value Estimation by Request
      0.11 Acres

      Grand Pkwy

      VACANT COMMERCIAL LAND • 0.11 Acres
      Grand Pkwy, Hockley, TX 77447
      View Details
    • Value Estimation by Request
      0.11 Acres

      Hempstead Rd

      VACANT COMMERCIAL LAND • 0.11 Acres
      Hempstead Rd, Hockley, TX 77447
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Bauer Road Business Park: Office/Warehouse

      Modern Office/Warehouse Space in Hockley, TX
      18231 Bauer Rd, Hockley, TX 77447
      View Details
    • $450,000

      Hockley Commercial Opportunity on Jack

      Large lot near Highway 290 and Grand Parkway.
      25751 Jack Rd, Hockley, TX 77447
      View Details
    • $325,000

      Hockley 5-Acre Land Parcel

      5 acres in Hockley, TX, ideal for a dream home.
      26795 Rice Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      18 SF

      Multiple Industrial Buildings For Sale

      Six industrial buildings ranging from approximately 5,500 to 15,590 square feet.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • $9,517,416

      187 Acres Multiuse Development Opportunity

      187+- acres with multiuse building and development potential.
      24668 Hegar Spg Pkwy, Hockley, TX 77447
      View Details
    • $65,000

      Wooded Acreage with Community Amenities

      1.53 acres with lake access, pool, and more.
      00 Lakeview Dr, Hockley, TX 77447
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Bauer Road Business Park: Prime Space

      Executive Suites & Warehouse Space Available
      18231 Bauer Rd, Hockley, TX 77447
      View Details
    • $6,650 /Mo
      6,500 SF

      Hockley Flex Space Available

      6,500 SF flex space with office and frontage access.
      18608 Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      6 SF

      Industrial Building with Office Space

      Industrial building featuring office space on a 0.402 AC lot.
      18608 Kermier Rd, Hockley, TX 77447
      View Details
    • $11 SF/Yr
      8,850 SF

      Zube Business Park Warehouse For Lease

      Modern 8,850 SF Warehouse in Hockley, TX
      17531 Roberts Rd -, Hockley, TX 77447
      View Details
    • Contact for pricing
      18 SF

      Industrial Buildings Available For Lease

      Seven industrial buildings ranging from approximately 5,500 to 15,590 square feet.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing

      Hockley Flex and Industrial Spaces

      Flex and industrial spaces for lease with quick highway access.
      18611 Becker Rd, Hockley, TX 77447
      View Details
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    17203 Premium Dr
    Hockley, TX 77447-8020
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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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