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    2500 Fairway Park Dr Houston, TX 77092-7607
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    2500 Fairway Park Dr Houston, TX 77092-7607

    View on Map
    • Distribution centers
    • 144,413 SF
    • 8.36 lot acres
    Off-Market
    Property ID
    US82-2506292
    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
    $3,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strategic Filtration Inc / Big Box & Wholesale Store

    Property Details for 2500 Fairway Park Dr

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    8.36 lot acres
    Property size
    144,413 SF
    Property type
    Distribution centers
    APN
    1048240000001
    APU
    1048240000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,902,000
      Market price range: $3.90M - $8.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,565,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4674
    Latitude
    29.8108
    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
    $157,326
    $2,184,708
    $6,110,856
    $8,295,564
    -
    $2,184,708
    $6,110,856
    $8,295,564

    Comparable in this City

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      126,988 SF

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      DISTRIBUTION WAREHOUSE • 126,988 SF
      7250 43rd St, Houston, TX 77092-5731
      View Details
    • Value Estimation
      $5,180,000
      140,938 SF

      7330 Langfield Rd

      DISTRIBUTION WAREHOUSE • 140,938 SF
      7330 Langfield Rd, Houston, TX 77092-1450
      View Details
    • Value Estimation
      $4,375,000
      128,929 SF

      3021 Mangum Rd

      DISTRIBUTION WAREHOUSE • 128,929 SF
      3021 Mangum Rd, Houston, TX 77092-7409
      View Details
    • Value Estimation
      $3,100,000
      155,369 SF

      11850 Hempstead Rd

      DISTRIBUTION WAREHOUSE • 155,369 SF
      11850 Hempstead Rd, Houston, TX 77092-6012
      View Details
    • Value Estimation
      $8,265,000
      159,765 SF

      11850 Hempstead Rd

      DISTRIBUTION WAREHOUSE • 159,765 SF
      11850 Hempstead Rd, Houston, TX 77092-6012
      View Details
    • Value Estimation by Request
      78,479 SF

      2800 Antoine Dr

      Office Units • 78,479 SF
      2800 Antoine Dr, Houston, TX 77092
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,960 SF

      Houston Warehouse with Outdoor Storage

      53,960 SF warehouse featuring dock wells and outdoor storage.
      3810 Dacoma St, Houston, TX 77092
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    • $2,900,000
      21,600 SF

      Houston Industrial Lease/Sale Opportunity

      21,600 SF industrial property with heavy power and climate control.
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      9,455 SF

      Freestanding Building on Centralcrest Street

      9,455 SF freestanding building on 0.52 AC available for sale.
      6001 Centralcrest St, Houston, TX 77092
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    • $3,206,610

      Office Building with Warehouse Space

      Two-story office building with warehouse and excellent highway access.
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    • Contact for pricing
      7,200 SF

      7,200 SF Warehouse For Sale

      7,200 SF warehouse with office and outside storage.
      5831 Centralcrest St, Houston, TX 77092
      View Details

    Similar Nearby for Lease

    • $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

      Industrial Space For Lease

      Industrial/Warehouse/Distribution space available with convenient highway access.
      2519 Fairway Park Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial/Warehouse/Distribution space with convenient access to major highways.
      2517 Fairway Park Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial/Warehouse/Distribution space available with convenient highway access.
      2521 Fairway Park Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Office and Industrial Space Available

      Single tenant office and industrial space for rent.
      4815 Dacoma St, Houston, TX 77092
      View Details
    • Contact for pricing

      Office & Warehouse Space Available

      Professional office and warehouse space for rent with loading docks.
      2800 Antoine Dr, Houston, TX 77092
      View Details
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    Houston, TX 77092-7607
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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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