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

    2504 Rankin Rd, Unit 12 Houston, TX 77032-6311

    • Apartment buildings
    • 3,360 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9798570
    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

    • Apartment buildings

    Property Details for 2504 Rankin Rd

    Year built
    2015
    Construction
    WOOD FRAME
    Lot size
    0.84 lot acres
    Property size
    3,360 SF
    Property type
    Apartment buildings
    APN
    1354020010001
    APU
    1354020010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2644
    Latitude
    29.9659
    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
    $10,276
    $128,478
    $986,579
    $1,115,057
    -
    $128,478
    $986,579
    $1,115,057

    Comparable in this City

    • Value Estimation by Request
      3,756 SF

      1514 Old Grns Rd, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,756 SF
      1514 Old Grns Rd, Houston, TX 77032-1116
      View Details
    • Value Estimation by Request
      5,560 SF

      15523 Aldine Westfield Rd, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 5,560 SF
      15523 Aldine Westfield Rd, Houston, TX 77032-2000
      View Details
    • Value Estimation
      $1,135,000
      11,524 SF

      14810 Crosswinds Dr, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 11,524 SF
      14810 Crosswinds Dr, Houston, TX 77032-4031
      View Details
    • Value Estimation
      $5,535,000
      57,777 SF

      2200 Sam Houston E Pkwy, Unit 270

      GARDEN APT, COURT APT (5+ UNITS) • 57,777 SF
      2200 Sam Houston E Pkwy, Houston, TX 77032-3129
      View Details
    • Value Estimation
      $560,000
      5,680 SF

      1947 Greenbriar Colony Dr, Unit 48

      GARDEN APT, COURT APT (5+ UNITS) • 5,680 SF
      1947 Greenbriar Colony Dr, Houston, TX 77032-1993
      View Details
    • Value Estimation by Request

      14670 John F Kennedy Blvd

      Land
      14670 John F Kennedy Blvd, Houston, TX 77032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,739 SF

      Houston Apartment Building Investment Opportunity

      28-Unit Apartment Complex, Near Completion
      15311 Vantage Pkwy, Houston, TX 77032
      View Details
    • $130,000

      Updated Townhome Near Airport

      Updated townhome with modern finishes, conveniently located near the airport.
      2106 Shiveley Cir, Houston, TX 77032
      View Details
    • $227,499

      Unrestricted Duplex Near IAH Airport

      Duplex near IAH airport with easy access to Beltway 8.
      5518 Farley Dr, Houston, TX 77032
      View Details
    • $255,000

      Updated Duplex Near IAH Airport

      Updated 4 bedroom, 2 bath duplex near IAH Airport.
      5414 Farley Dr, Houston, TX 77032
      View Details
    • $450,000

      Houston Duplex Investment Opportunity

      Well-maintained duplex near IAH Airport with strong rental income.
      5403 Farley Dr, Houston, TX 77032
      View Details
    • $200,000

      Vacant Land Near Airport

      Accessible land parcel with visibility near major thoroughfares.
      2507 Greens Rd, Houston, TX 77032
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      15,175 SF

      Houston Warehouse: 15,175 SF

      Single-tenant industrial warehouse in Houston.
      2034 Mcaulty Rd, Houston, TX 77032
      View Details
    • Contact for pricing
      35,255 SF

      Houston Warehouse Space Available

      4,412 SF Warehouse in Houston, TX
      4560 Kendrick Plaza Dr, Houston, TX 77032
      View Details
    • $1.00 SF/Yr
      15,225 SF

      Industrial Space with Bridge Cranes

      15,225 SF industrial space available for lease in 2026.
      2034-2038 Mcaulty Rd, Houston, TX 77032
      View Details
    • Contact for pricing
      21,143 SF

      Prime Retail Pad Site Available

      21,143 SF pad site in a strong retail market.
      6204 East Sam Houston Pkwy N, Houston, TX 77032
      View Details
    • $4 SF/Yr
      6,585 SF

      Vantage Parkway Warehouse Space

      6,585 SF warehouse space available for lease.
      15403 Vantage Pkwy, Houston, TX 77032
      View Details
    • Contact for pricing
      26,000 SF

      North Houston Warehouse with Storage

      26,000 SF warehouse with office and fenced storage.
      5656 N Sam Houston Pkwy E, Houston, TX 77032
      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.
    2504 Rankin Rd, Unit 12
    Houston, TX 77032-6311
    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.