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    Property profile & analytics

    24815 Fm 2920th Rd Hockley, TX 77447-9603

    • Warehouses
    • 2,400 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5337300
    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

    • Warehouses

    Property Details for 24815 Fm 2920th Rd

    Year built
    2003
    Construction
    METAL FRAME
    Lot size
    1.00 lot acres
    Property size
    2,400 SF
    Property type
    Warehouses
    APN
    422650010111
    APU
    422650010111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.8127
    Latitude
    30.0685
    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
    $2,039
    $108,900
    $162,655
    $271,555
    -
    $108,900
    $162,655
    $271,555

    Comparable in this City

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      $230,000
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      18831 Becker Rd

      WAREHOUSE, STORAGE • 1,200 SF
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    • Value Estimation
      $575,000
      15,324 SF

      18902 Kermier Rd

      WAREHOUSE, STORAGE • 15,324 SF
      18902 Kermier Rd, Hockley, TX 77447-7032
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    • Value Estimation by Request
      7,345 SF

      25314 Zube Rd

      WAREHOUSE, STORAGE • 7,345 SF
      25314 Zube Rd, Hockley, TX 77447-9219
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    • Value Estimation
      $255,000
      8,228 SF

      26835 San Felipe St

      WAREHOUSE, STORAGE • 8,228 SF
      26835 San Felipe St, Hockley, TX 77447
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    • Value Estimation
      $250,000
      3,300 SF

      24614 Bauer Hockley Rd

      WAREHOUSE, STORAGE • 3,300 SF
      24614 Bauer Hockley Rd, Hockley, TX 77447-7033
      View Details
    • Value Estimation
      $235,000
      3,325 SF

      20275 Fm 2920th Rd

      WAREHOUSE, STORAGE • 3,325 SF
      20275 Fm 2920th Rd, Hockley, TX 77447-6917
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Hockley Warehouse Space Available

      7,500 sq ft warehouse in Hockley, Texas.
      18612 Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      10,000 SF

      Bauer Road Business Park: Office/Warehouse

      Modern Office/Warehouse Space in Hockley, TX
      18231 Bauer Rd, Hockley, TX 77447
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      7,500 SF

      Hockley Industrial Property for Sale

      7,500 SF industrial property in Hockley, Texas available for purchase.
      18604 Kermier Rd, Hockley, TX 77447
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    • Contact for pricing
      82,100 SF

      Kermier Commerce Park: Hockley, TX

      Industrial Manufacturing Facility: 82,100 SF
      18602 Kermier Rd, Hockley, TX 77447
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      18 SF

      Multiple Industrial Buildings For Sale

      Six industrial buildings ranging from approximately 5,500 to 15,590 square feet.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      6 SF

      Industrial Space in Northwest Houston

      Industrial space available for lease in Hockley, Texas.
      17543 Roberts Rd, Hockley, TX 77447
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      8,850 SF

      Zube Business Park Warehouse For Lease

      Modern 8,850 SF Warehouse in Hockley, TX
      17531 Roberts Rd -, Hockley, TX 77447
      View Details
    • Contact for pricing
      10,000 SF

      Bauer Road Business Park: Prime Space

      Executive Suites & Warehouse Space Available
      18231 Bauer Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      6 SF

      Industrial Building with Office Space

      Industrial building featuring office space on a 0.402 AC lot.
      18608 Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing

      Kermier Commerce Park Land Lease

      18-Acre Commercial/Industrial Land Parcel
      0 Kermier Rd, Waller, TX 77447
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    • Contact for pricing
      18 SF

      Industrial Buildings Available For Lease

      Seven industrial buildings ranging from approximately 5,500 to 15,590 square feet.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      82,100 SF

      Kermier Commerce Park: Hockley Distribution Space

      High-bay distribution space available in Hockley, TX.
      18638 Kermier Rd, Hockley, TX 77447
      View Details
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    Hockley, TX 77447-9603
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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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