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    Property profile & analytics

    2002 Houston Ave Humble, TX 77396-1509

    • Flex space
    • 14,030 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0778288
    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

    • Lennox Stores (PartsPlus) / Big Box & Wholesale Store / Building Supply

    Property Details for 2002 Houston Ave

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    0.85 lot acres
    Property size
    14,030 SF
    Property type
    Flex space
    APN
    1364610020009
    APU
    1364610020009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $872,000
      Market price range: $614k - $2.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2627
    Latitude
    29.974
    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
    2020
    $8,594
    $185,305
    $901,836
    $1,087,141
    -
    $185,305
    $901,836
    $1,087,141

    Comparable in this City

    • Value Estimation
      $2,720,000
      18,600 SF

      6400 Hawes Rd

      LIGHT INDUSTRIAL • 18,600 SF
      6400 Hawes Rd, Humble, TX 77396-4150
      View Details
    • Value Estimation
      $2,735,000
      20,195 SF

      2050 Houston Ave

      LIGHT INDUSTRIAL • 20,195 SF
      2050 Houston Ave, Humble, TX 77396-1509
      View Details
    • Value Estimation
      $940,000
      11,420 SF

      14904 Lee Rd

      LIGHT INDUSTRIAL • 11,420 SF
      14904 Lee Rd, Humble, TX 77396-3220
      View Details
    • Value Estimation
      $1,410,000
      18,507 SF

      2227 Wilson Rd

      LIGHT INDUSTRIAL • 18,507 SF
      2227 Wilson Rd, Humble, TX 77396-4415
      View Details
    • Value Estimation by Request
      8,870 SF

      14912 Lee Rd

      LIGHT INDUSTRIAL • 8,870 SF
      14912 Lee Rd, Humble, TX 77396-3220
      View Details
    • Value Estimation by Request
      9,900 SF

      1950 Houston Ave

      LIGHT INDUSTRIAL • 9,900 SF
      1950 Houston Ave, Humble, TX 77396-1507
      View Details

    Similar Nearby for Sale

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      60,000 SF

      Humble Industrial Facility with Crane

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      62,000 SF

      Humble Warehouse on 3.56 Acres

      62,000 SF warehouse on 3.56 acres in Humble, TX.
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      Spacious Industrial Workshop For Sale

      Versatile workshop space ideal for trades and manufacturing businesses.
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      17,384 SF

      Humble Warehouse with Office Space

      5,652 SF warehouse with 1,185 SF office space.
      16410-16450 Lee Rd, Humble, TX 77396
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      3,040 SF

      Humble Warehouse with Office Space

      3,040 SF warehouse with office on 0.46 acres.
      2309 Houston Ave, Humble, TX 77396
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    • $1,995,000
      18,507 SF

      Humble Warehouse Near IAH Airport

      Strategically located warehouse near major highways and IAH airport.
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    Similar Nearby for Lease

    • Contact for pricing
      6 SF

      Freestanding Building in Humble, TX

      Freestanding building with 6,000 SF available for sale.
      2831 South Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      5 SF

      Humble Industrial Buildings For Sale

      Four industrial buildings totaling approximately 23,000 SF available in Humble.
      2831 South Houston Ave, Humble, TX 77396
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    • Contact for pricing
      60,000 SF

      Humble Manufacturing Building For Rent

      60,000 SF manufacturing building with crane service in Humble, TX.
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      View Details
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      6 SF

      Humble Industrial Buildings For Lease

      Two industrial buildings available for lease in Humble, Texas.
      16450 Lee Rd, Humble, TX 77396
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      75 SF

      Humble Business Park Space Available

      Industrial spaces available for lease in Humble business park.
      2323 South Houston Ave, Humble, TX 77396
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    • Contact for pricing
      25 SF

      Humble Industrial Property For Rent

      Industrial property in Humble, TX, totaling ±13,200 SF.
      2831 South Houston Ave, Humble, TX 77396
      View Details
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    2002 Houston Ave
    Humble, TX 77396-1509
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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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