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    2000 Garth Rd, Unit 1 Baytown, TX 77520-2425
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    Property profile & analytics

    2000 Garth Rd, Unit 1, Baytown, TX 77520-2425

    View on Map
    • Drug stores
    • 14,315 SF
    • 1.74 lot acres
    Off-Market
    Property ID
    US83-4075637
    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.
    Value Estimations
    $2,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Donna Dedeaux-Bruns / Physician
    • Raul D. Rendon, Pharm / Pharmacy
    • Timmy Le, PharmD / Pharmacy
    • Elizabeth Smith / Physician

    Property Details for 2000 Garth Rd

    Year built
    1999
    Construction
    BRICK
    Lot size
    1.74 lot acres
    Property type
    Drug stores
    APN
    1209550010001
    APU
    1209550010001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2019 — Exchangeright,net Lease 28 Dst Trust Houston Dtp LLC Grant Deed $63.9M · Societe Generale Financial Corporation
    Jun 5, 2017 — Exchangeright Net Leased Po 16 Exchangeright Net Leased Po 16 Quit Claim Deed · related —
    Jun 2, 2017 — Exchangeright Net Leased Po 16 2000 Garth Road LLC Grant Deed $32.7M · Barclays Bk/plc
    Apr 1, 2003 — 2000 Garth Road LLC Lsi Campbell LP Grant Deed $2.4M · Ubs Warburg Real Estate Inv

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,615,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,233,000
      Market price range: $749k - $2.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,505,000
      Current use
      COMMERCIAL (GENERAL)
      $2,370,000
      Change: +57% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,750,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +0% Conversion: Difficult
      RESTAURANT
      $1,490,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -94.9762
    Latitude
    29.7469
    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
    $9,801
    $570,090
    $1,328,126
    $1,898,216
    -
    $570,090
    $1,328,126
    $1,898,216

    Comparable in this City

    • Value Estimation
      $2,145,000
      12,815 SF

      2001 Garth Rd

      DRUG STORE, PHARMACY
      2001 Garth Rd, Baytown, TX 77520-2472
      View Details
    • Value Estimation
      $2,710,000
      16,007 SF

      1515 Alexander Dr

      DRUG STORE, PHARMACY
      1515 Alexander Dr, Baytown, TX 77520-5321
      View Details
    • Value Estimation
      $2,420,000
      14,270 SF

      1514 Alexander Dr

      DRUG STORE, PHARMACY
      1514 Alexander Dr, Baytown, TX 77520-5322
      View Details
    • Value Estimation
      $2,750,000
      16,232 SF

      4949 Hwy 146

      DRUG STORE, PHARMACY
      4949 Hwy 146, Baytown, TX 77520
      View Details
    • Value Estimation by Request
      3,184 SF

      522 Texas Ave

      RETAIL STORES (PERSONAL SERVICES)
      522 Texas Ave, Baytown, TX 77520-5263
      View Details
    • Value Estimation
      $625,000
      5,944 SF

      420 Texas Ave

      RETAIL STORES (PERSONAL SERVICES)
      420 Texas Ave, Baytown, TX 77520-4752
      View Details

    Similar Nearby for Sale

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      Fully leased retail property available for purchase.
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      5,000 SF

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      Baytown Retail Space Opportunity

      Retail space for sale across from Baytown Town Square.
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      Retail Property Near Lee College

      Multi-tenant retail property near Lee College in an Opportunity Zone.
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    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space For Rent

      Retail space available for lease in Baytown, TX.
      706 Alexander Dr, Baytown, TX 77520
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Renovated Retail/Office Space in Baytown

      Versatile, newly renovated space in Baytown's Downtown Art District.
      501 West Texas Ave, Baytown, TX 77520
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      8,000 SqFt retail space available at SWC SH 146.
      Swc Sh 146 & Tompkins Dr, Baytown, TX 77520
      View Details
    • Contact for pricing

      Renovated Retail Spaces in Baytown

      Premier retail spaces, renovated, near Lee Community College in Baytown.
      302 West Defee St, Baytown, TX 77520
      View Details
    • Contact for pricing
      83,000 SF

      Baytown Retail Space Available

      83,000 sqft retail property in Baytown, Texas.
      1700 Decker Dr, Baytown, TX 77520
      View Details
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    2000 Garth Rd, Unit 1
    Baytown, TX 77520-2425
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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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