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

    2665 Westhollow Dr Houston, TX 77082-1846

    • Office buildings
    • 13,388 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4392909
    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

    • SISCORP Structures / Construction Company / Engineer

    Property Details for 2665 Westhollow Dr

    Year built
    2003
    Construction
    METAL FRAME
    Lot size
    3.00 lot acres
    Property size
    13,388 SF
    Property type
    Office buildings
    APN
    1072420000005
    APU
    1072420000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,334,000
      Market price range: $193k - $1.84M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $930,000
      Current use
      COMMERCIAL (GENERAL)
      $2,165,000
      Change: +133% Conversion: Easy
      RESTAURANT
      $1,355,000
      Change: +45% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,010,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $855,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6359
    Latitude
    29.7326
    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
    $32,570
    $914,760
    $2,189,760
    $3,104,520
    -
    $914,760
    $2,189,760
    $3,104,520

    Comparable in this City

    • Value Estimation
      $5,445,000
      52,718 SF

      3100 Hayes Rd

      OFFICE BUILDING • 52,718 SF
      3100 Hayes Rd, Houston, TX 77082-2622
      View Details
    • Value Estimation
      $2,790,000
      155,868 SF

      11200 Richmond Ave Ste, Unit 495

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 155,868 SF
      11200 Richmond Ave Ste, Houston, TX 77082-2637
      View Details
    • Value Estimation
      $1,870,000
      82,800 SF

      11300 Richmond Ave

      OFFICE BUILDING • 82,800 SF
      11300 Richmond Ave, Houston, TX 77082-2616
      View Details
    • Value Estimation by Request
      7,873 SF

      15300 Westheimer Rd

      OFFICE BUILDING • 7,873 SF
      15300 Westheimer Rd, Houston, TX 77082-1451
      View Details
    • Value Estimation
      $935,000
      53,874 SF

      11222 Richmond Ave

      OFFICE BUILDING • 53,874 SF
      11222 Richmond Ave, Houston, TX 77082-6662
      View Details
    • Value Estimation
      $1,455,000
      103,763 SF

      11111 Richmond Ave, Unit 103

      OFFICE BUILDING • 103,763 SF
      11111 Richmond Ave, Houston, TX 77082-6665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.20 Acres

      West Oaks Mall Outparcels: Prime Land

      4.2 Acres, High-Traffic Houston Location
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    • Contact for pricing
      78.00 Acres

      West Oaks Mall Redevelopment

      78 Acres, Prime Houston Location
      1000 Texas 6, Houston, TX 77082
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    • $299,500

      Remodeled Quadplex in Houston

      Move-in ready quadplex with remodeled units and strong rental potential.
      12654 Ashford Mdw Dr Dr, Houston, TX 77082
      View Details
    • Contact for pricing

      Richmond Avenue Commercial Land Available

      Approximately 4.2 acres of commercial land for sale or lease.
      14938 Richmond Ave, Houston, TX 77082
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    • Contact for pricing
      4,014 SF

      Westheimer Road Retail Opportunity

      Retail property for sale on Westheimer Road in Houston.
      17225 Westheimer Rd, Houston, TX 77082
      View Details
    • $365,000
      2,327 SF

      Corner Unit in Gated Community

      Two-story home with flex room and landscaped backyard.
      2918 Royal Oaks Grn, Houston, TX 77082
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,572 SF

      Westheimer Oaks Plaza Retail Space

      Prime West Houston Retail/Office Opportunity
      15300 Westheimer Rd, Houston, TX 77082
      View Details
    • Contact for pricing
      15,275 SF

      Royal Oaks Medical/Creative Office Space

      15,275 SF, 2 spaces available, prime location.
      12002 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing
      13,484 SF

      Shops at West Oaks Medical Office

      Houston medical office space for lease.
      2673 Texas 6, Houston, TX 77082
      View Details
    • $15 SF/Yr
      54,957 SF

      Hayes Road Office Space Available

      Office space available for lease on Hayes Road, Houston.
      3100-3110 Hayes Rd, Houston, TX 77082
      View Details
    • $27 SF/Yr
      72,536 SF

      West Houston Medical Office Space

      Prime Medical Office Suites in Houston, TX
      12606 Houston Center Blvd, Houston, TX 77082
      View Details
    • $27 SF/Yr
      172,202 SF

      Westchase Medical Office Space

      Houston medical office building, 60,946 SF available
      12121 Richmond Ave, Houston, TX 77082
      View Details
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    2665 Westhollow Dr
    Houston, TX 77082-1846
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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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