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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1924 Garth Rd, Unit 39 Baytown, TX 77520-2457

    • Hotels
    • 25,800 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9816480
    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

    • Deluxe Inn / Motel / Hotel
    • Carpet Cleaning Baytown / Carpet Cleaning Service

    Property Details for 1924 Garth Rd

    Year built
    2015
    Construction
    FRAME
    Lot size
    0.98 lot acres
    Property size
    25,800 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1351960010001
    APU
    1351960010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $392,000
      Market price range: $360k - $718k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $540,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -94.9764
    Latitude
    29.7455
    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
    $8,221
    $320,183
    $1,152,448
    $1,472,631
    -
    $320,183
    $1,152,448
    $1,472,631

    Comparable in this City

    • Value Estimation by Request
      98,912 SF

      2651 Hwy 146

      HOTEL/MOTEL • 98,912 SF
      2651 Hwy 146, Baytown, TX 77520-7625
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    • Value Estimation
      $725,000
      26,120 SF

      300 Alexander Dr, Unit 109

      HOTEL/MOTEL • 26,120 SF
      300 Alexander Dr, Baytown, TX 77520-7306
      View Details
    • Value Estimation
      $420,000
      11,222 SF

      8151 Bayway Dr, Unit 19

      HOTEL/MOTEL • 11,222 SF
      8151 Bayway Dr, Baytown, TX 77520-1207
      View Details
    • Value Estimation
      $325,000
      3,410 SF

      3401 Alexander Dr, Unit 15

      HOTEL/MOTEL • 3,410 SF
      3401 Alexander Dr, Baytown, TX 77520-3839
      View Details
    • Value Estimation by Request
      59,881 SF

      100 Convention Ctr Way

      HOTEL/MOTEL • 59,881 SF
      100 Convention Ctr Way, Baytown, TX 77520-7609
      View Details
    • Value Estimation
      $525,000
      36,860 SF

      5511 Decker Dr, Unit 42

      HOTEL/MOTEL • 36,860 SF
      5511 Decker Dr, Baytown, TX 77520-1450
      View Details

    Similar Nearby for Sale

    • $975,000
      6,000 SF

      Baytown Industrial Warehouse

      6,000 SF Flex Space, Great Location
      508 Cedar Bayou Rd, Baytown, TX 77520
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    • Contact for pricing
      28.55 Acres

      Baytown Commercial Land - Grand Parkway

      28.55 Acres, Prime Location, High Growth
      601 Alexander Dr, Baytown, TX 77520
      View Details
    • $50,000

      Commercial Land on Hwy 146

      0.21 acre commercial land with frontage on Hwy 146.
      Schilling St, Baytown, TX 77520
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    • $200,000

      Corner Lots on Decker Drive

      Two adjacent commercial lots on a high-traffic corner.
      3914 Decker Dr, Baytown, TX 77520
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    • $122,000

      Lakewood Subdivision Land Opportunity

      Two adjacent lots near Burnett Bay with utilities in place.
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    • $35,000

      Residential Lot in Baytown Heart

      5,208 SF residential lot ready for your project.
      1607 W Gulf St, Baytown, TX 77520
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    Similar Nearby for Lease

    • $0.80 SF/Yr
      2,650 SF

      Retail Space in Baytown, TX

      Retail space available for lease in Baytown, Texas.
      4112 Decker Dr, Baytown, TX 77520
      View Details
    • $6 SF/Yr
      10,000 SF

      Retail Space on Hard Corner

      Retail space on corner of Spur 330 and Baker Rd.
      4401 Decker Dr, Baytown, TX 77520
      View Details
    • $4,000 /Mo
      1,500 SF

      Retail Space For Rent

      Retail space available for lease in Baytown, TX.
      706 Alexander Dr, Baytown, TX 77520
      View Details
    • $21 SF/Yr
      3,155 SF

      Medical/Office Space Available for Lease

      Medical/office spaces available for lease, easily divisible.
      1600-1610 James Bowie Dr, Baytown, TX 77520
      View Details
    • Contact for pricing

      Baytown Land For Lease

      Land available for lease in Baytown, Texas.
      850 Independence Pkwy N, Baytown, TX 77520
      View Details
    • $7,500 /Mo
      4,500 SF

      Updated Flex Space Near Highway

      Flex space with offices, restrooms, and conference room near Highway.
      2017 Lee Dr, Baytown, TX 77520
      View Details
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    1924 Garth Rd, Unit 39
    Baytown, TX 77520-2457
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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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