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

    19780 Atascocita Shrs Dr, Unit 240 Humble, TX 77346-2384

    • Garden apartment buildings
    • 24,980 SF
    • 15.53 lot acres
    OFF-MARKET
    Value Estimations
    $2,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2907188
    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

    • Garden apartment buildings

    Property Details for 19780 Atascocita Shrs Dr

    Year built
    2004
    Construction
    BRICK
    Lot size
    15.53 lot acres
    Property size
    24,980 SF
    Property type
    Garden apartment buildings
    APN
    1064850000003
    APU
    1064850000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,760,000
      6.5%
      $2,550,000
      7%
      $2,365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,060,000
      Market price range: $866k - $2.06M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,525,000
      Current use
      COMMERCIAL (GENERAL)
      $3,640,000
      Change: +139% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,705,000
      Change: +77% Conversion: Difficult
      RESTAURANT
      $1,895,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,570,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.1414
    Latitude
    30.0063
    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
    $211,764
    $6,296,509
    $16,451,994
    $22,748,503
    -
    $6,296,509
    $16,451,994
    $22,748,503

    Comparable in this City

    • Value Estimation
      $1,125,000
      12,198 SF

      4812 Fm 1960th E Rd, Unit 260

      GARDEN APT, COURT APT (5+ UNITS) • 12,198 SF
      4812 Fm 1960th E Rd, Humble, TX 77346-2512
      View Details
    • Value Estimation
      $630,000
      8,114 SF

      8311 Fm 1960th E Rd, Unit 165

      GARDEN APT, COURT APT (5+ UNITS) • 8,114 SF
      8311 Fm 1960th E Rd, Humble, TX 77346-1733
      View Details
    • Value Estimation
      $2,410,000
      26,139 SF

      18551 Timber Frst Dr, Unit 312

      GARDEN APT, COURT APT (5+ UNITS) • 26,139 SF
      18551 Timber Frst Dr, Humble, TX 77346-2539
      View Details
    • Value Estimation
      $965,000
      9,612 SF

      20 Lk Houston Pkwy, Unit 289

      GARDEN APT, COURT APT (5+ UNITS) • 9,612 SF
      20 Lk Houston Pkwy, Humble, TX 77346
      View Details
    • Value Estimation
      $635,000
      7,656 SF

      16848 Lk Houston Pkwy, Unit 320

      GARDEN APT, COURT APT (5+ UNITS) • 7,656 SF
      16848 Lk Houston Pkwy, Humble, TX 77346-4367
      View Details
    • Value Estimation
      $4,835,000
      52,413 SF

      17417 Lk Houston Pkwy, Unit 327

      GARDEN APT, COURT APT (5+ UNITS) • 52,413 SF
      17417 Lk Houston Pkwy, Humble, TX 77346-5157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,687 SF

      Updated Townhome with Modern Features

      Open-concept townhome with updated kitchen, spacious primary suite, and loft-style office.
      20314 Roble Green Trl, Humble, TX 77346
      View Details
    • $1,361,250
      2.50 Acres

      Prime Atascocita Commercial Land

      2.5-acre commercial lot, ideal location.
      0 Will Clayton Pkwy & June Frst Dr, Atascocita, TX 77346
      View Details
    • $39,999

      Commercial Land in Humble, Texas

      11,955 sq ft commercial land near FM 1960.
      Greenstill St, Humble, TX 77346
      View Details
    • $160,000

      Prime Retail Pad Site

      Pad site in a high-traffic commercial corridor.
      Tbd Fm-1960, Humble, TX 77346
      View Details
    • $59,900

      Land Near Intercontinental Airport

      Land in Atascocita, near the Intercontinental Airport and Deerbrook Mall.
      Artic Dr, Humble, TX 77346
      View Details
    • Contact for pricing

      Waterfront Lot on Lake Houston

      Prime south-facing waterfront lot ready for custom home.
      8826 Cross Country Dr, Humble, TX 77346
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      6,120 SF

      Lake Houston Office Condos

      New Atascocita Office Suites, 1225-6120 SF
      17904 Lk Houston Pkwy, Atascocita, TX 77346
      View Details
    • Contact for pricing
      1,687 SF

      Move-In Ready Townhome For Rent

      Three-bedroom, two-bath townhome with modern amenities and private yard.
      20235 Arbolada Green Ct, Humble, TX 77346
      View Details
    • $1.20 SF/Yr
      1,000 SF

      Humble Retail Space Available

      Retail space with offices in Humble, Texas for lease.
      8077 E Fm 1960 Rd, Humble, TX 77346
      View Details
    • $22 SF/Yr
      34,000 SF

      Atascocita Office Space for Lease

      Prime Retail/Office Space in Humble, TX
      6730 Atascocita Rd, Atascocita, TX 77346
      View Details
    • $33 SF/Yr
      1,200 SF

      Retail Space in Prime Location

      Retail space available in high-traffic Humble shopping center.
      7072 E Fm 1960 Rd, Humble, TX 77346
      View Details
    • Contact for pricing
      316,574 SF

      Atascocita Commons Retail Center

      Prime Retail Space Available in Houston MSA
      0 Lk Houston Pkwy, Atascocita, TX 77346
      View Details
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    Humble, TX 77346-2384
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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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