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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2510 Westridge St Houston, TX 77054-1508

    • Office buildings
    • 22,068 SF
    • 3.26 lot acres
    OFF-MARKET
    Value Estimations
    $1,535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4445994
    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

    • Life Gift Organ Donation Center / Donations Center / Association / Organization

    Property Details for 2510 Westridge St

    Year built
    1965
    Construction
    STEEL FRAME
    Lot size
    3.26 lot acres
    Property size
    22,068 SF
    Property type
    Office buildings
    APN
    1294730010001
    APU
    1294730010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,535,000
      Market price range: $318k - $3.03M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,535,000
      Current use
      RESTAURANT
      $2,230,000
      Change: +45% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,060,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,715,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $1,625,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4163
    Latitude
    29.6833
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,300,000
      11,892 SF

      3550 Willowbend Blvd

      OFFICE BUILDING • 11,892 SF
      3550 Willowbend Blvd, Houston, TX 77054-1127
      View Details
    • Value Estimation
      $1,630,000
      106,966 SF

      2626 Loop W Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 106,966 SF
      2626 Loop W Loop, Houston, TX 77054-2654
      View Details
    • Value Estimation
      $1,210,000
      80,261 SF

      2600 Loop W Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 80,261 SF
      2600 Loop W Loop, Houston, TX 77054-2653
      View Details
    • Value Estimation
      $1,420,000
      110,016 SF

      2656 Loop W Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 110,016 SF
      2656 Loop W Loop, Houston, TX 77054-2664
      View Details
    • Value Estimation
      $1,860,000
      163,824 SF

      2636 Loop W Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 163,824 SF
      2636 Loop W Loop, Houston, TX 77054-2680
      View Details
    • Value Estimation by Request
      15,066 SF

      1328 Loop W Loop

      OFFICE BUILDING • 15,066 SF
      1328 Loop W Loop, Houston, TX 77054-4008
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.56 Acres

      Houston Medical Center Land Opportunity

      1.56 Acres, Vacant, Redevelopment Potential
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      Medical Center Anchored Office Property

      Class A medical office space available below replacement cost.
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      Medical Center Opportunity

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      21.30 Acres

      21-Acre Texas Medical Center Land

      Prime Houston development opportunity. Unrestricted land, ideal for mixed-use.
      1500A Old Spanish Trl, Houston, TX 77054
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    • Contact for pricing

      Medical Center Land Available

      Land near the Medical Center with frontage on State Highway.
      7111 Ardmore St, Houston, TX 77054
      View Details
    • $174,000

      Renovated Condo Near Medical Center

      Recently renovated 2 bed, 2.5 bath condo in Houston.
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    Similar Nearby for Lease

    • $25 SF/Yr
      95,322 SF

      Class A Office Building

      Premier office building with modern amenities and convenient highway access.
      2550 Loop N, Houston, TX 77054
      View Details
    • $16 SF/Yr
      63,594 SF

      North Loop Office Park Setting

      Office park with convenient access and upcoming tenant conference room.
      2525 Loop N, Houston, TX 77054
      View Details
    • $18 SF/Yr
      924 SF

      North Loop Office Space Available

      Office space for rent in the North Loop sub-market.
      1445 Loop N, Houston, TX 77054
      View Details
    • $19 SF/Yr
      2,632 SF

      Office Space Available For Rent

      2632 square feet of office space for lease.
      2180 Loop N, Houston, TX 77054
      View Details
    • $15 SF/Yr
      19,642 SF

      North Loop West Office Space

      Office space for lease in the North Loop West submarket.
      2600 Loop N, Houston, TX 77054
      View Details
    • $28 SF/Yr
      122,056 SF

      Two Fannin Medical Office Space

      Class A medical office building, Houston, TX
      7500 Fannin St, Houston, TX 77054
      View Details
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    2510 Westridge St
    Houston, TX 77054-1508
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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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