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

    240 Lk Rd Lake Jackson, TX 77566-4981

    • Auto shops
    • 14,742 SF
    • 2.14 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2020
    Value Estimations
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7748609
    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

    • Auto shops

    Property Details for 240 Lk Rd

    Year built
    2020
    Lot size
    2.14 lot acres
    Property size
    14,742 SF
    Property type
    Auto shops
    APN
    7133-1301-001
    APU
    71331301001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,750,000
      Current use
      RESTAURANT
      $2,045,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $1,900,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Jackson
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4617
    Latitude
    29.0457
    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
    2018
    $45,029
    $848,290
    $1,951,710
    $2,800,000
    -
    $848,290
    $1,951,710
    $2,800,000

    Comparable in this City

    • Value Estimation
      $955,000
      9,144 SF

      220 Grapevine Turn St

      AUTO REPAIR, GARAGE • 9,144 SF
      220 Grapevine Turn St, Lake Jackson, TX 77566-5268
      View Details
    • Value Estimation by Request
      7,137 SF

      151 Hwy 332nd W

      AUTO REPAIR, GARAGE • 7,137 SF
      151 Hwy 332nd W, Lake Jackson, TX 77566-4026
      View Details
    • Value Estimation
      $630,000
      5,954 SF

      218 Hwy 332nd W

      AUTO REPAIR, GARAGE • 5,954 SF
      218 Hwy 332nd W, Lake Jackson, TX 77566-4013
      View Details
    • Value Estimation by Request
      2,860 SF

      211 Hwy 332nd W

      AUTO REPAIR, GARAGE • 2,860 SF
      211 Hwy 332nd W, Lake Jackson, TX 77566-4019
      View Details
    • Value Estimation by Request
      2,864 SF

      620 Willow Dr

      AUTO REPAIR, GARAGE • 2,864 SF
      620 Willow Dr, Lake Jackson, TX 77566-4766
      View Details
    • Value Estimation by Request
      1,305 SF

      315 Plantation Dr

      AUTO REPAIR, GARAGE • 1,305 SF
      315 Plantation Dr, Lake Jackson, TX 77566-6142
      View Details

    Similar Nearby for Sale

    • $55,000

      Land Opportunity in Lake Jackson

      Conveniently located lot, great opportunity in Lake Jackson, Texas.
      105 Cacao St, Lake Jackson, TX 77566
      View Details
    • $1,200,000

      Highway 288 Commercial Land

      5.25 acres in rapidly growing Lake Jackson area.
      116 Balsam St, Lake Jackson, TX 77566
      View Details
    • $1,200,000

      Highway 288 Commercial Land

      5.25 acres of commercial land in Lake Jackson, Texas.
      116 Balsam St, Lake Jackson, TX 77566
      View Details
    • Contact for pricing

      Lake Jackson Office Investment Opportunity

      Value-add office property with upside in Lake Jackson, Texas.
      210 Lake Rd, Lake Jackson, TX 77566
      View Details
    • $115,000

      Updated Condo Ready for Move-In

      Updated 2-bedroom condo with modern amenities and convenient location.
      418 Garland Dr, Clute, TX 77566
      View Details
    • Contact for pricing

      Lake Jackson Office Investment Opportunity

      Value-add office asset with upside in Lake Jackson, Texas.
      208 Oak Dr S, Lake Jackson, TX 77566
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      2,075 SF

      Lake Jackson Retail Space for Lease

      ±2,075 SF Retail Space Available in Brazoria County
      204 Tx-332, Lake Jackson, TX 77566
      View Details
    • Contact for pricing
      10,500 SF

      Lake Jackson Retail Space Available

      Prime Retail Space, 2,039 sq ft
      300 Tx-332, Lake Jackson, TX 77566
      View Details
    • Contact for pricing
      3,500 SF

      Lake Jackson Retail Space Available

      Retail space available for lease in Lake Jackson, Texas.
      502 This Way St, Lake Jackson, TX 77566
      View Details
    • $30 SF/Yr
      1,200 SF

      Lake Jackson Retail Space for Lease

      High-traffic storefront, 1200 sq ft available
      200 Tx-332, Lake Jackson, TX 77566
      View Details
    • Contact for pricing
      9,363 SF

      Lake Jackson Office Space Available

      2,192 SF office space for lease in Lake Jackson, TX.
      85 Oak Dr, Lake Jackson, TX 77566
      View Details

    Property Visit Statistics

    • Visits by month
      1.0k
    • Visitors by month
      621
    • Avg Time on site
      33 min
    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.
    240 Lk Rd
    Lake Jackson, TX 77566-4981
    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!