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    Property profile & analytics

    2038 Houston Ave Humble, TX 77396-1509

    • Flex space
    • 7,622 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0250123
    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

    • TNT Turnkey Solutions / Warehouse
    • Biohazard UTV / Atv Repair Shop
    • Smith Heavy Haul / Trucking Company

    Property Details for 2038 Houston Ave

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    0.53 lot acres
    Property size
    7,622 SF
    Property type
    Flex space
    APN
    1364610020014
    APU
    1364610020014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $533,000
      Market price range: $334k - $1.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2634
    Latitude
    29.9736
    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
    2023
    $5,987
    $115,410
    $549,678
    $665,088
    -
    $115,410
    $549,678
    $665,088

    Comparable in this City

    • Value Estimation
      $600,000
      11,550 SF

      15004 Lee Rd

      LIGHT INDUSTRIAL • 11,550 SF
      15004 Lee Rd, Humble, TX 77396-3221
      View Details
    • Value Estimation by Request
      9,000 SF

      8102 Red Cedar Cir

      Distribution properties • 9,000 SF
      8102 Red Cedar Cir, Humble, TX 77396
      View Details
    • Value Estimation
      $650,000
      20,000 SF

      6141 Bender Rd

      LIGHT INDUSTRIAL • 20,000 SF
      6141 Bender Rd, Humble, TX 77396-2012
      View Details
    • Value Estimation
      $805,000
      39,987 SF

      8525 Sam Houston Pkwy Ee

      LIGHT INDUSTRIAL • 39,987 SF
      8525 Sam Houston Pkwy Ee, Humble, TX 77396-2925
      View Details
    • Value Estimation
      $440,000
      16,200 SF

      6147 Bender Rd

      LIGHT INDUSTRIAL • 16,200 SF
      6147 Bender Rd, Humble, TX 77396-2012
      View Details
    • Value Estimation
      $730,000
      20,959 SF

      7018 Bender Rd

      LIGHT INDUSTRIAL • 20,959 SF
      7018 Bender Rd, Humble, TX 77396-2113
      View Details

    Similar Nearby for Sale

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      8 SF

      IAH Humble Business Center Buildings

      Six buildings for sale in IAH Humble Business Center.
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      17,384 SF

      Humble Warehouse with Office Space

      5,652 SF warehouse with 1,185 SF office space.
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      3,040 SF

      Humble Warehouse with Office Space

      3,040 SF warehouse with office on 0.46 acres.
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    • $320,000
      2,250 SF

      Spacious Industrial Workshop For Sale

      Versatile workshop space ideal for trades and manufacturing businesses.
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      75,579 SF

      Humble, TX Warehouse Portfolio

      Ten industrial buildings, 75,579 SF total.
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      77,975 SF

      Humble, TX Warehouse Trio

      Three modern warehouses, fully delivered Q3 2024.
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    Similar Nearby for Lease

    • Contact for pricing
      153,554 SF

      Humble Warehouse Space Available

      Modern warehouse space for lease in Humble, TX.
      2311 Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      5 SF

      Humble Industrial Space For Lease

      Industrial space totaling approximately 23,000 SF available for lease.
      2831 South Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      75 SF

      Humble Business Park Opportunity

      Business park with industrial buildings for sale or lease.
      2323 South Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      9,800 SF

      New Construction Warehouse in Humble

      9,000 SF warehouse with offices to suit for rent.
      8101-8102 Cedar Pond Dr, Humble, TX 77396
      View Details
    • Contact for pricing
      6 SF

      Freestanding Industrial Building For Rent

      6,000 SF freestanding industrial building available for rent.
      2831 South Houston Ave, Humble, TX 77396
      View Details
    • Contact for pricing
      77 SF

      Industrial Buildings for Sale

      Business park featuring industrial buildings ranging in size.
      2323 South Houston Ave, Humble, TX 77396
      View Details
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    2038 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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