Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2003 Ward Rd Baytown, TX 77520-5504

    • Medical Office Space
    • 4,780 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3731218
    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

    • Rainforest Dental / Dental Office
    • Archie Paul DDS / Dental Office
    • George Platt / Dental Office

    Property Details for 2003 Ward Rd

    Year built
    1971
    Construction
    BRICK
    Lot size
    0.23 lot acres
    Property size
    4,780 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    410740020022
    APU
    410740020022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -94.9423
    Latitude
    29.7397
    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
    $1,588
    $25,000
    $290,165
    $315,165
    -
    $25,000
    $290,165
    $315,165

    Comparable in this City

    • Value Estimation
      $610,000
      16,207 SF

      910 Hwy 146

      MEDICAL BUILDING • 16,207 SF
      910 Hwy 146, Baytown, TX 77520-2252
      View Details
    • Value Estimation by Request
      1,200 SF

      1513 Beaumont Rd

      MEDICAL BUILDING • 1,200 SF
      1513 Beaumont Rd, Baytown, TX 77520-3103
      View Details
    • Value Estimation
      $1,885,000
      18,996 SF

      1000 Lee Dr

      MEDICAL BUILDING • 18,996 SF
      1000 Lee Dr, Baytown, TX 77520-6980
      View Details
    • Value Estimation by Request
      3,182 SF

      1410 Cedar Byu Rd

      MEDICAL BUILDING • 3,182 SF
      1410 Cedar Byu Rd, Baytown, TX 77520-2932
      View Details
    • Value Estimation by Request
      3,152 SF

      1000 James St

      MEDICAL BUILDING • 3,152 SF
      1000 James St, Baytown, TX 77520-5820
      View Details
    • Value Estimation by Request
      3,305 SF

      1004 Sterling St

      MEDICAL BUILDING • 3,305 SF
      1004 Sterling St, Baytown, TX 77520-4201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,440 SF

      Baytown Office Building on Corner

      Stand-alone office building on 1.19 acres in Baytown, TX.
      3818 Decker Dr, Baytown, TX 77520
      View Details
    • Contact for pricing
      1,924 SF

      Baytown Office Space For Sale

      Office property with 1924 square feet available for purchase.
      1320 Market St, Baytown, TX 77520
      View Details
    • $975,000
      6,000 SF

      Versatile Industrial Warehouse with Expansion Potential

      6,000 SF industrial warehouse with showroom/office space on 3.2 acres.
      508 Cedar Bayou Rd, Baytown, TX 77520
      View Details
    • $1,250,000
      10,000 SF

      Baytown Warehouse: $1.25M

      10,000 SF Warehouse, Mixed-Use, Downtown
      101 Commerce St, Baytown, TX 77520
      View Details
    • $750,000
      7,180 SF

      Baytown Office/Industrial Building For Sale

      7,180 SF building on 0.6621 acre in Baytown, TX.
      313 Highway Blvd South, Baytown, TX 77520
      View Details
    • $750,000
      7,180 SF

      Baytown Office Building - $750K

      7,180 SF Office/Light Industrial Building
      313 Sh 146, Baytown, TX 77520
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing
      2,085,960 SF

      Ameriport Industrial Park Lease

      Baytown, TX: Industrial space available
      1414 Grand Pkwy & FM 565, 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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2003 Ward Rd
    Baytown, TX 77520-5504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!