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    Property profile & analytics

    2619 Texas St Houston, TX 77003-3242

    • Warehouses
    • 25,020 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3645294
    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 2619 Texas St

    Year built
    1932
    Construction
    BRICK
    Lot size
    1.71 lot acres
    Property size
    25,020 SF
    Property type
    Warehouses
    APN
    21990000002
    APU
    21990000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,699,000
      Market price range: $654k - $1.70M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,110,000
      Current use
      RESTAURANT
      $2,225,000
      Change: +100% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,090,000
      Change: +88% Conversion: Difficult
      RETAIL STORES
      $1,810,000
      Change: +63% Conversion: Moderate
      MEDICAL BUILDING
      $1,595,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $1,255,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.348
    Latitude
    29.7518
    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
    $89,919
    $4,476,600
    $493,449
    $4,970,049
    -
    $4,476,600
    $493,449
    $4,970,049

    Comparable in this City

    • Value Estimation
      $560,000
      8,160 SF

      3600 Harrisburg Blvd

      WAREHOUSE, STORAGE • 8,160 SF
      3600 Harrisburg Blvd, Houston, TX 77003-2538
      View Details
    • Value Estimation
      $500,000
      7,200 SF

      3800 Polk St

      WAREHOUSE, STORAGE • 7,200 SF
      3800 Polk St, Houston, TX 77003
      View Details
    • Value Estimation
      $840,000
      11,790 SF

      3120 Navigation Blvd

      WAREHOUSE, STORAGE • 11,790 SF
      3120 Navigation Blvd, Houston, TX 77003
      View Details
    • Value Estimation
      $1,020,000
      14,900 SF

      205 Roberts St

      WAREHOUSE, STORAGE • 14,900 SF
      205 Roberts St, Houston, TX 77003-2403
      View Details
    • Value Estimation
      $985,000
      14,900 SF

      205 Roberts St

      WAREHOUSE, STORAGE • 14,900 SF
      205 Roberts St, Houston, TX 77003-2403
      View Details
    • Value Estimation
      $760,000
      10,900 SF

      1800 Delano St

      WAREHOUSE, STORAGE • 10,900 SF
      1800 Delano St, Houston, TX 77003-5331
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,850 SF

      Houston Warehouse: 20,850 SF

      Prime Houston industrial warehouse for sale.
      1618 Webster St, Houston, TX 77003
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    • Contact for pricing
      18,750 SF

      EaDo Flex/Retail Space Available

      18,750 SF flex/retail space in high-traffic EaDo location.
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      View Details
    • Contact for pricing
      32,162 SF

      EADO Mixed-Use Development Site

      Prime Houston location, 32,162 sq ft, 300 keys.
      2501 Jefferson St, Houston, TX 77003
      View Details
    • $1,500,000
      10,625 SF

      Prime Houston Retail Land Opportunity

      10,625 SF Lot, $1.5M Asking
      2719 Rusk @ Delano, Houston, TX 77003
      View Details
    • $1,026,420

      Cleared Land Ready for Development

      Cleared commercial land suitable for development in Houston, Texas.
      1402 Palmer St, Houston, TX 77003
      View Details
    • $1,026,420
      34,214 SF

      Commercial Land with Street Frontage

      Commercial land with clear, level surface and three street frontages.
      1402 Palmer St, Houston, TX 77003
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    Similar Nearby for Lease

    • $12 SF/Yr
      6,000 SF

      Houston Industrial Flex Space

      6,000 SF Flex Space - East Downtown
      1901 Hussion St, Houston, TX 77003
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    • Contact for pricing
      148,200 SF

      Houston Flex/Warehouse Space Available

      148,200 SF Industrial Space, Multiple Tenants
      3401 Navigation Blvd, Houston, TX 77003
      View Details
    • Contact for pricing
      320,000 SF

      East Blocks: Prime Houston Space

      Modern Houston Office & Distribution Space
      2215 Mckinney St, Houston, TX 77003
      View Details
    • Contact for pricing
      1,500 SF

      Move-In Ready Gym Space

      Second-generation gym space available for rent in River Oaks.
      1705 W Gray St, Houston, TX 77003
      View Details
    • Contact for pricing
      10,000 SF

      East Downtown Mixed-Use Building

      10,000 SF building ideal for restaurant, retail, or office.
      2411 Canal St, Houston, TX 77003
      View Details
    • $28 SF/Yr
      2,284 SF

      Canal Street Office Opportunity

      Prime Eado location, 1,040 sq ft available
      2617 Canal St, Houston, TX 77003
      View Details
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    2619 Texas St
    Houston, TX 77003-3242
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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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