Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2400 Appelt Dr Houston, TX 77015-6590
    Back to Search
    Property profile & analytics

    2400 Appelt Dr, Houston, TX 77015-6590

    View on Map
    • Manufacturing properties
    • 4,500 SF
    • 17.90 lot acres
    Off-Market
    Property ID
    US82-6107729
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Excalibar Minerals / Industrial Park / Industrial Manufacturer

    Property Details for 2400 Appelt Dr

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    17.90 lot acres
    Property type
    Manufacturing properties
    APN
    410320010161
    APU
    410320010161

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 23, 2007 — Excalibar Minerals LLC — Deed Of Trust · related $130M · J P Morgan Chase Bank
    — — Excalibar Minerals LLC — Deed Of Trust · related $150M · Wilmington Trust Co
    — — Excalibar Minerals LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1395
    Latitude
    29.7636
    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
    $35,987
    $2,339,172
    $2,465,068
    $4,804,240
    -
    $2,339,172
    $2,465,068
    $4,804,240

    Comparable in this City

    • Value Estimation
      $795,000
      29,220 SF

      15635 Jacintoport Blvd

      CHEMICAL
      15635 Jacintoport Blvd, Houston, TX 77015-6534
      View Details
    • Value Estimation
      $585,000
      61,584 SF

      14935 Jacintoport Blvd

      FOUNDRY, INDUSTRIAL PLANT
      14935 Jacintoport Blvd, Houston, TX 77015-6523
      View Details
    • Value Estimation
      $715,000
      95,215 SF

      16402 Jacintoport Blvd

      FOUNDRY, INDUSTRIAL PLANT
      16402 Jacintoport Blvd, Houston, TX 77015-6588
      View Details
    • Value Estimation by Request
      13,744 SF

      2250 Appelt Dr

      CHEMICAL
      2250 Appelt Dr, Houston, TX 77015-6593
      View Details
    • Value Estimation
      $685,000
      82,414 SF

      16150 Peninsula St

      CHEMICAL
      16150 Peninsula St, Houston, TX 77015-6500
      View Details
    • Value Estimation by Request
      54,145 SF

      13609 Industrial Rd

      FOUNDRY, INDUSTRIAL PLANT
      13609 Industrial Rd, Houston, TX 77015-6835
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      95,526 SF

      Jacintoport Boulevard Industrial Site

      95,526 SF industrial site on 23.57 acres for sale.
      16661 Jacintoport Blvd, Houston, TX 77015
      View Details
    • $2,800,000

      Spacious Warehouse with Residential Space

      32,536 SF warehouse with 816 SF residential space.
      14236 Gainesville St, Houston, TX 77015
      View Details
    • Contact for pricing
      9,000 SF

      Houston Warehouse Space Available

      23,422 SF warehouse space for sale in Houston.
      1310 Anthonette Ln, Houston, TX 77015
      View Details
    • Contact for pricing
      18,800 SF

      High Visibility Commercial Lot

      Prime commercial lot in Houston with high traffic exposure.
      12314 Market St, Houston, TX 77015
      View Details
    • Contact for pricing
      1,615 SF

      Unrestricted Land with Existing Structure

      1.00-acre unrestricted site in East Houston with redevelopment potential.
      12610 Greens Bayou St, Houston, TX 77015
      View Details
    • Contact for pricing

      Commercial Property with Warehouse/Office Space

      2-acre commercial property with warehouse and office space in Houston.
      14519 Kenny St, Houston, TX 77015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,538 SF

      Waterfront Manufacturing and Warehouse Facility

      Houston Ship Channel waterfront property with heavy industrial capabilities.
      16534 Peninsula St, Houston, TX 77015
      View Details
    • Contact for pricing

      Jacintoport Logistics Center Availability

      200,966 SF available near Port of Houston, Beltway 8 frontage.
      8 Jacintoport Blvd, Houston, TX 77015
      View Details
    • Contact for pricing

      Crane-Served Industrial Facility For Rent

      Industrial facility with expansion yard available for lease in Houston.
      1430 Miles St, Houston, TX 77015
      View Details
    • Contact for pricing

      Industrial Warehouse with Office Space

      15,000 SF warehouse with office on 1 acre.
      12989 Market St, Houston, TX 77015
      View Details
    • Contact for pricing
      200,966 SF

      New Class A Distribution Building

      353,375 SF Class A distribution building for lease in Houston.
      3237 Beltway Frontage Rd, Houston, TX 77015
      View Details
    • Contact for pricing

      Industrial Land with Heavy Power

      6.79 AC industrial land with 16,000 SF office space.
      2239 Haden Rd, Houston, TX 77015
      View Details
    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.
    2400 Appelt Dr
    Houston, TX 77015-6590
    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

    Thank You for Inquiry
    2400 Appelt Dr, Houston, TX, 77015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!