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

    2418 Swsw Fwy Houston, TX 77098-4602

    • Commercial real estate
    • 4,726 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4770241
    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

    • Commercial real estate

    Property Details for 2418 Swsw Fwy

    Year built
    1998
    Lot size
    1.17 lot acres
    Property size
    4,726 SF
    Property type
    Commercial real estate
    APN
    1186570010002
    APU
    1186570010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,040,000
      6.5%
      $960,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $940,000
      Market price range: $330k - $940k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4167
    Latitude
    29.7314
    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
    $138,411
    $6,347,250
    $86,557
    $6,433,807
    -
    $6,347,250
    $86,557
    $6,433,807

    Comparable in this City

    • Value Estimation by Request
      0.55 Acres

      Swsw Fwy

      COMMERCIAL (GENERAL) • 0.55 Acres
      Swsw Fwy, Houston, TX 77098
      View Details
    • Value Estimation by Request
      0.23 Acres

      2220 Alabama St

      COMMERCIAL (GENERAL) • 0.23 Acres
      2220 Alabama St, Houston, TX 77098-2404
      View Details
    • Value Estimation by Request
      0.42 Acres

      3201 Kirby Dr

      COMMERCIAL (GENERAL) • 0.42 Acres
      3201 Kirby Dr, Houston, TX 77098-3257
      View Details
    • Value Estimation by Request
      0.25 Acres

      2110 Harold St

      COMMERCIAL (GENERAL) • 0.25 Acres
      2110 Harold St, Houston, TX 77098
      View Details
    • Value Estimation by Request
      0.21 Acres

      Sul Ross Ave

      COMMERCIAL (GENERAL) • 0.21 Acres
      Sul Ross Ave, Houston, TX 77098
      View Details
    • Value Estimation by Request
      0.19 Acres

      Sul Ross

      COMMERCIAL (GENERAL) • 0.19 Acres
      Sul Ross, Houston, TX 77098
      View Details

    Similar Nearby for Sale

    • $2,500,000
      0.22 Acres

      Shepherd Dr Commercial Land

      Houston, TX: Prime 0.22-acre lot.
      3619 Shepherd Dr, Houston, TX 77098
      View Details
    • Contact for pricing
      3.03 Acres

      Inner Loop Houston Land Opportunity

      3 Acres Commercial Land, Prime Location
      0 Shepherd Dr, Houston, TX 77098
      View Details
    • Contact for pricing
      3,420 SF

      Houston 6-Unit Apartment Building

      Prime Houston multifamily investment opportunity. Needs renovation.
      2504 Algerian Way, Houston, TX 77098
      View Details
    • $3,000,000
      4,722 SF

      S. Shepherd Dr.

      Lifestyle centers • 4,722 SF
      3501 Shepherd Dr, Houston, TX 77098
      View Details
    • Contact for pricing
      3,528 SF

      Montrose Duplex: Investor Opportunity

      Fully occupied Montrose duplex with commercial use potential.
      1737 Branard St, Houston, TX 77098
      View Details
    • $800,000

      Income-Producing Duplex Near Menil

      Duplex near Menil Collection, restaurants, cafes, and St Thomas.
      1844 W Alabama St, Houston, TX 77098
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      25,057 SF

      Prime Houston Office Space

      Upper Kirby District, flexible suites
      2925 Richmond Ave, Houston, TX 77098
      View Details
    • Contact for pricing

      Renovated Townhome Near Rice University

      Renovated townhome with two primary suites near Rice University.
      1733 Vassar St, Houston, TX 77098
      View Details
    • Contact for pricing
      4,170 SF

      Office Space Available For Rent

      4,170 square feet of office space for lease.
      3120 Southwest Fwy, Houston, TX 77098
      View Details
    • $42 SF/Yr
      6,116 SF

      Prime Upper Kirby Office Space

      Versatile Office Building, High Visibility, Ample Parking
      3801 Farnham St, Houston, TX 77098
      View Details
    • $600 /Mo
      1,727 SF

      Montrose Executive Office Space

      Prime Montrose location, 1727 sq ft, renovated 2024
      2058 Branard St, Houston, TX 77098
      View Details
    • Contact for pricing
      1,190 SF

      Houston Office Space for Lease

      Newly renovated office in Upper Kirby
      2310 Richton St, Houston, TX 77098
      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.
    2418 Swsw Fwy
    Houston, TX 77098-4602
    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.