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    Property profile & analytics

    2209 Hopper Rd Houston, TX 77093-2433

    • Investment properties
    • 792 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2021
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    4.1%
    Investment properties
    Location Intelligence
    Property ID
    US82-3125167
    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

    • Laura's Beauty Salon / Beauty Salon

    Property Details for 2209 Hopper Rd

    Year built
    1954
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    792 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    741360050080
    APU
    741360050080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $175,000
      6.5%
      $160,000
      7%
      $150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $219,000
      Market price range: $84.5k - $219k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3516
    Latitude
    29.8797
    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
    $2,231
    $64,305
    $68,589
    $132,894
    -
    $64,305
    $68,589
    $132,894

    Comparable in this City

    • Value Estimation
      $305,000
      3,453 SF

      5012 Hopper Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,453 SF
      5012 Hopper Rd, Houston, TX 77093-2240
      View Details
    • Value Estimation
      $285,000
      1,288 SF

      9902 Aldine Westfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,288 SF
      9902 Aldine Westfield Rd, Houston, TX 77093-5406
      View Details
    • Value Estimation
      $275,000
      1,517 SF

      2619 Brea Crst St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,517 SF
      2619 Brea Crst St, Houston, TX 77093-1913
      View Details
    • Value Estimation
      $265,000
      1,190 SF

      3001 Madeley St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,190 SF
      3001 Madeley St, Houston, TX 77093-8718
      View Details
    • Value Estimation
      $295,000
      1,980 SF

      3317 Orlando St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,980 SF
      3317 Orlando St, Houston, TX 77093-4854
      View Details
    • Value Estimation
      $270,000
      864 SF

      2522 Hopper Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 864 SF
      2522 Hopper Rd, Houston, TX 77093-2440
      View Details

    Similar Nearby for Sale

    • $270,000

      Land for Multifamily or Commercial

      Cleared lot suitable for multifamily or commercial development.
      3202 Parker Rd, Houston, TX 77093
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    • $85,000

      Unrestricted Lot with Dual Access

      Fenced lot suitable for residential or commercial use.
      3614 Tidwell Rd, Houston, TX 77093
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    • $99,999

      Cleared Land in Great Location

      Cleared land in a prime location for development.
      2131 Warwick Rd, Houston, TX 77093
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    • $549,900

      Unrestricted Land Near Downtown Houston

      0.94 acres of unrestricted land with easy highway access.
      7305 Jensen Dr, Houston, TX 77093
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    • $400,000

      Corner Lot on East Freeway

      Prime corner lot with high visibility and easy freeway access.
      11206 Eastex Fwy, Houston, TX 77093
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    • $320,000

      1.45 Acres Vacant Land Opportunity

      1.45 acres of vacant land ready for development.
      4102 Kinkaid St, Houston, TX 77093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,176 SF

      Houston Restaurant w/ Drive-Thru

      1,176 SF Freestanding Restaurant, High Traffic
      8926 Jensen Dr, Houston, TX 77093
      View Details
    • $3,500 /Mo

      Stabilized Lot Near Major Highways

      0.42-acre lot with utilities, fencing, and gated access.
      1904 Little York Rd, Houston, TX 77093
      View Details
    • Contact for pricing

      Stabilized Yard with Highway Frontage

      6.034-acre stabilized yard with highway frontage, near container terminals.
      11100 Houston St, Houston, TX 77093
      View Details
    • Contact for pricing
      7,120 SF

      Warehouse Space Near Key Routes

      Warehouse space with office, dock doors, and highway access.
      15660-15864 W Hardy Rd, Houston, TX 77093
      View Details
    • $9,166 /Mo
      45,392 SF

      Land Available For Lease

      Land for lease with high traffic count.
      11400 Eastex Fwy, Houston, TX 77093
      View Details
    • Contact for pricing
      27,900 SF

      Lone Oak Road Warehouse Trio

      Houston warehouse space for lease. Multiple units available.
      2202 Lone Oak Rd, Houston, TX 77093
      View Details
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    2209 Hopper Rd
    Houston, TX 77093-2433
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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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