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

    2115 Fm 1960th E Rd Humble, TX 77338-5295

    • Warehouses
    • 4,000 SF
    • 14.06 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2020
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3767552
    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

    • iStorage / Self-Storage Facility / Automobile Storage Facility
    • Auto Tint Houston / Window Tinting Service
    • Epitome Design House / Interior Designer / Fabric Store

    Property Details for 2115 Fm 1960th E Rd

    Year built
    2009
    Construction
    METAL FRAME
    Lot size
    14.06 lot acres
    Property size
    4,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    431500190050
    APU
    431500190050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $274,000
      Market price range: $129k - $274k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $190,000
      Current use
      AUTO REPAIR, GARAGE
      $320,000
      Change: +67% Conversion: Easy
      RETAIL STORES
      $205,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2421
    Latitude
    30.0019
    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
    $58,917
    $1,144,555
    $6,215,563
    $7,360,118
    -
    $1,144,555
    $6,215,563
    $7,360,118

    Comparable in this City

    • Value Estimation
      $495,000
      2,410 SF

      7900 Fm 1960th Byp W Rd

      MINI-WAREHOUSE, STORAGE • 2,410 SF
      7900 Fm 1960th Byp W Rd, Humble, TX 77338-3956
      View Details
    • Value Estimation
      $250,000
      4,000 SF

      518 Wilson Rd

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      518 Wilson Rd, Humble, TX 77338-5037
      View Details
    • Value Estimation
      $830,000
      45,482 SF

      21667 Aldine Westfield Rd

      MINI-WAREHOUSE, STORAGE • 45,482 SF
      21667 Aldine Westfield Rd, Humble, TX 77338-1093
      View Details
    • Value Estimation by Request
      17,160 SF

      125 Moonshine Hl Rd

      MINI-WAREHOUSE, STORAGE • 17,160 SF
      125 Moonshine Hl Rd, Humble, TX 77338-2501
      View Details
    • Value Estimation by Request
      9,600 SF

      350 Fm 1960th Byp E Rd

      MINI-WAREHOUSE, STORAGE • 9,600 SF
      350 Fm 1960th Byp E Rd, Humble, TX 77338-3730
      View Details
    • Value Estimation
      $475,000
      22,290 SF

      1701 Fm 1960th Byp E Rd

      MINI-WAREHOUSE, STORAGE • 22,290 SF
      1701 Fm 1960th Byp E Rd, Humble, TX 77338-3915
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Humble Warehouse: 30,000 SF

      Spacious Texas warehouse, ideal for industrial use.
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      20,000 SF

      Humble Warehouse: 20,000 SF

      20,000 SF Warehouse, 2.29 Acres
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      16,500 SF

      Humble Warehouse - 16,500 SF

      Two industrial buildings, ideal for storage and distribution.
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    • $5,500,000
      51,951 SF

      Humble Industrial Warehouse Portfolio

      Six-building industrial complex, 51,951 SF, 4.56 acres.
      134 Wilson Rd, Humble, TX 77338
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      8,250 SF

      Will Clayton Industrial Park

      Modern Humble, TX Warehouses
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    • Contact for pricing

      Spacious Warehouse with Future Upgrades

      89,580 SF warehouse on 8.83 AC with planned improvements.
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    Similar Nearby for Lease

    • $36,000
      28,000 SF

      Humble Warehouse Space Available

      4,000 SF Warehouse Units in Humble
      1337 Houston Ave, Humble, TX 77338
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      28,000 SF

      Humble Warehouse with Loading Doors

      28,000 SF warehouse featuring multiple loading doors.
      4402 Theiss Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      366,668 SF

      Humble Distribution Center with Trailer

      Distribution center with 36' clear height and 86 trailer parks.
      8903 Warehouse Center Dr, Humble, TX 77338
      View Details
    • Contact for pricing
      55,826 SF

      Prime North Houston Warehouse

      55,826 SF Warehouse - Available Now
      8575 Volta Dr, Humble, TX 77338
      View Details
    • $12 SF/Yr
      9,900 SF

      Humble Industrial Space Available

      9,900 SF Multi-Tenant Industrial Building
      40 Wilson Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      289,200 SF

      Humble Warehouse with Extensive Features

      289,200 SF warehouse on 21.51 acres in Humble, TX.
      18727 Kenswick Dr, Humble, TX 77338
      View Details
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    Humble, TX 77338-5295
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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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