Sign Up Successful!
You now have access to more from Realmo!
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

    2416 Mangum Rd Houston, TX 77092-8102

    • Strip malls
    • 5,913 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2022913
    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

    • Insurance Superstore LLC / Insurance Agency
    • Baobae / Chinese Restaurant

    Property Details for 2416 Mangum Rd

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    0.69 lot acres
    Property size
    5,913 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1247730010001
    APU
    1247730010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $545,000
      AUTO REPAIR, GARAGE
      $485,000
      MEDICAL BUILDING
      $375,000
      RETAIL STORES
      $375,000
      APARTMENT HOUSE (5+ UNITS)
      $305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4585
    Latitude
    29.809
    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
    $31,869
    $810,000
    $875,315
    $1,685,315
    -
    $810,000
    $875,315
    $1,685,315

    Comparable in this City

    • Value Estimation
      $585,000
      15,102 SF

      4740 Dacoma St

      SHOPPING CENTER, STRIP CENTER • 15,102 SF
      4740 Dacoma St, Houston, TX 77092-8039
      View Details
    • Value Estimation by Request
      6,524 SF

      6130 Pinemont Dr

      SHOPPING CENTER, STRIP CENTER • 6,524 SF
      6130 Pinemont Dr, Houston, TX 77092-3202
      View Details
    • Value Estimation
      $305,000
      11,070 SF

      12014 Hempstead Rd

      SHOPPING CENTER, STRIP CENTER • 11,070 SF
      12014 Hempstead Rd, Houston, TX 77092-6008
      View Details
    • Value Estimation
      $935,000
      24,891 SF

      10512 Nwnw Fwy

      SHOPPING CENTER, STRIP CENTER • 24,891 SF
      10512 Nwnw Fwy, Houston, TX 77092-8205
      View Details
    • Value Estimation
      $715,000
      26,129 SF

      4622 Dacoma St

      SHOPPING CENTER, STRIP CENTER • 26,129 SF
      4622 Dacoma St, Houston, TX 77092
      View Details
    • Value Estimation
      $565,000
      37,812 SF

      12700 Nwnw Fwy

      SHOPPING CENTER, STRIP CENTER • 37,812 SF
      12700 Nwnw Fwy, Houston, TX 77092
      View Details

    Similar Nearby for Sale

    • $2,018,000
      2,573 SF

      Houston Jack in the Box NNN Lease

      High-yield QSR investment opportunity. Strong tenant, long lease.
      11630 Hempstead Hwy, Houston, TX 77092
      View Details
    • $2,000,000
      13,977 SF

      Houston Office/Flex Property with Showroom

      Office/flex property with showroom in Northwest Houston for sale.
      4111 Directors Row, Houston, TX 77092
      View Details
    • Contact for pricing
      34,400 SF

      West Houston Warehouse and Office

      Multi-tenant buildings with quick access to major thoroughfares.
      6111-6117 Milwee St, Houston, TX 77092
      View Details
    • $549,000

      Pinemont Investment Property For Sale

      Investment property suitable for business, homes, or townhomes.
      4934 Pinemont Dr, Houston, TX 77092
      View Details
    • Contact for pricing
      29,863 SF

      Freestanding Crane-Served Industrial Building

      29,863 SF industrial building with crane and office space.
      4723 Pinemont Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Prime Land on Hempstead Road

      1.6 acres with frontage on Hempstead Road in Houston.
      11442 Hempstead Rd, Houston, TX 77092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,250 SF

      Northway Center: Retail Opportunity

      20,250 SF Retail Space Available
      11077 Northwest Fwy, Houston, TX 77092
      View Details
    • Contact for pricing
      11,352 SF

      Antoine Business Park Retail Center

      Spring Branch Retail Space - Two Suites Available
      3050 Antoine Dr, Houston, TX 77092
      View Details
    • $24 SF/Yr
      184,471 SF

      Northbrook Shopping Center Investment

      Grocery-anchored retail center; high visibility spaces available.
      5264 34Th St, Houston, TX 77092
      View Details
    • Contact for pricing
      6,720 SF

      Retail Space on Northwest Freeway

      Retail space in high-traffic Houston location near US 290.
      12101-12151 Northwest Fwy, Houston, TX 77092
      View Details
    • $12 SF/Yr
      132,501 SF

      34th Street Business Park Units Available

      Houston Flex Space, Warehouse, R&D
      4800 34Th St, Houston, TX 77092
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Northwest Freeway

      2000 SF retail space available for rent.
      10600 Northwest Fwy, Houston, TX 77092
      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.
    2416 Mangum Rd
    Houston, TX 77092-8102
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.