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

    2021 Northpark Dr Humble, TX 77339-1607

    • Retail space
    • 5,720 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2045811
    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

    • The Nailspot / Nail Salon
    • CRÈ Houston Lymphatic Massage / Lymph Drainage Therapist

    Property Details for 2021 Northpark Dr

    Year built
    2005
    Construction
    BRICK
    Lot size
    1.56 lot acres
    Property size
    5,720 SF
    Property type
    Retail space
    APN
    1177470010002
    APU
    1177470010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $426,000
      Market price range: $183k - $426k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $315,000
      Current use
      RESTAURANT
      $555,000
      Change: +77% Conversion: Easy
      COMMERCIAL (GENERAL)
      $395,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $365,000
      Change: +17% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $350,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $330,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2164
    Latitude
    30.0696
    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
    $17,784
    $508,180
    $998,081
    $1,506,261
    -
    $508,180
    $998,081
    $1,506,261

    Comparable in this City

    • Value Estimation
      $550,000
      20,017 SF

      1320 Kingwood Dr

      RETAIL STORES (PERSONAL SERVICES) • 20,017 SF
      1320 Kingwood Dr, Humble, TX 77339-3038
      View Details
    • Value Estimation
      $325,000
      4,244 SF

      2735 Lk Houston Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,244 SF
      2735 Lk Houston Pkwy, Humble, TX 77339-5223
      View Details
    • Value Estimation
      $585,000
      11,880 SF

      520 Northpark Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,880 SF
      520 Northpark Dr, Kingwood, TX 77339-1521
      View Details
    • Value Estimation
      $420,000
      8,280 SF

      1395 Northpark Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,280 SF
      1395 Northpark Dr, Kingwood, TX 77339-1636
      View Details
    • Value Estimation
      $275,000
      1,683 SF

      22722 Loop 494

      RETAIL STORES (PERSONAL SERVICES) • 1,683 SF
      22722 Loop 494, Humble, TX 77339-2848
      View Details
    • Value Estimation
      $425,000
      2,250 SF

      1423 Northpark Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      1423 Northpark Dr, Kingwood, TX 77339-1638
      View Details

    Similar Nearby for Sale

    • $600,000
      2,160 SF

      Kingwood Retail Building For Sale

      Restaurant/Storefront, High Traffic Location
      22210 Loop, Houston, TX 77339
      View Details
    • Contact for pricing
      6,600 SF

      Highway Frontage Retail Investment Property

      Multi-tenant retail property in North Houston with highway frontage.
      23692 Highway 59 North, Humble, TX 77339
      View Details
    • Contact for pricing
      6,600 SF

      Kingwood Retail Investment Opportunity

      High-yield, 100% occupied retail center.
      23692 Hwy 59, Kingwood, TX 77339
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    • $665,000
      2,660 SF

      Kingwood Freestanding Restaurant Building

      Turnkey restaurant opportunity in a prime Kingwood location.
      22610 Loop, Kingwood, TX 77339
      View Details
    • Contact for pricing
      3.50 Acres

      Houston Commercial Land - 3.5 Acres

      Prime Houston commercial land, ideal for development.
      0 Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      6.20 Acres

      Kingwood Commercial Land - 6.2 Acres

      Prime Houston commercial land, excellent location.
      0 Kingwood Pl Dr@ Future Creswell Dr, Houston, TX 77339
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,491 SF

      Retail Spaces on Kingwood Drive

      Retail spaces available for rent in Humble, Texas.
      1522 Kingwood Dr, Humble, TX 77339
      View Details
    • $25 SF/Yr
      18,477 SF

      1387 Kingwood Dr

      Lifestyle centers
      1387 Kingwood Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      48,484 SF

      Kings Crossing Town Center Investment

      Upscale Kingwood retail & office space. Multiple suites available.
      8 Main St, Houston, TX 77339
      View Details
    • Contact for pricing
      164,565 SF

      876 Kingwood Dr

      Restaurants • 164,565 SF
      876 Kingwood Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      37,000 SF

      Houston Medical Office Space for Lease

      Modern Medical Office Building in Houston, TX
      2665 Royal Frst Dr, Houston, TX 77339
      View Details
    • $30 SF/Yr
      21,927 SF

      Kingwood Office & Retail Space

      Prime Kingwood location, flexible suites available
      2714 Lake Houston Pkwy, Houston, TX 77339
      View Details
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    Humble, TX 77339-1607
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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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