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    2720 Nasa Pkwy, Unit 61 Seabrook, TX 77586-3219
    Property profile & analytics

    2720 Nasa Pkwy, Unit 61, Seabrook, TX 77586-3219

    View on Map
    • Hotels
    • 32,150 SF
    • 1.81 lot acres
    Off-Market
    Property ID
    US83-2917043
    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
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 2720 Nasa Pkwy

    Year built
    1996
    Construction
    BRICK
    Lot size
    1.81 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    410080090303
    APU
    410080090303

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 22, 2021 — New Star Hotel Management LLC — Deed · related $150k · Golden Bank NA
    Apr 1, 2019 — New Star Hotel Managemen LLC Skyline Hospitality LLC Warranty Deed $65k · Golden Bk
    Aug 6, 2015 — Skyline Hospitality LLC Golden Ganeshji LLC Warranty Deed $2.2M · Heritage Bk
    Jun 9, 2010 $2,335,083 Center Bk Dasigenis Sandy Trustees Deed · related —
    Apr 18, 2008 — Peter T Kim Chong,william Warranty Deed $3M · Centerbank
    Jun 9, 2005 — William Chong Jhk INC Deed —
    Aug 10, 2004 — Jhk Holding Co Endeavor Dev LLC Grant Deed $1.6M · Zions First Nat'l Bk
    — — Peter T Kim — Deed Of Trust · related $1.2M · Certified Dev Corp Sw
    — — Jhk Holding Co — Deed Of Trust · related $1.3M · Houston-galveston Area Local D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $523,000
      Market price range: $408k - $1.07M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $710,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seabrook
    County
    Harris
    State
    Texas
    Longitude
    -95.0367
    Latitude
    29.5608
    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
    $17,365
    $630,648
    $1,205,545
    $1,836,193
    -
    $630,648
    $1,205,545
    $1,836,193

    Comparable in this City

    • Value Estimation
      $790,000
      48,729 SF

      5755 Bayport Blvd, Unit 86

      HOTEL/MOTEL
      5755 Bayport Blvd, Seabrook, TX 77586-1613
      View Details
    • Value Estimation
      $1,035,000
      41,236 SF

      2900 Nasa Pkwy Ste, Unit 290

      HOTEL/MOTEL
      2900 Nasa Pkwy Ste, Seabrook, TX 77586-3254
      View Details
    • Value Estimation
      $1,070,000
      53,480 SF

      2710 Nasa Pkwy, Unit 80

      HOTEL/MOTEL
      2710 Nasa Pkwy, Seabrook, TX 77586-3219
      View Details
    • Value Estimation
      $960,000
      56,130 SF

      2100 Nasa Pkwy Ste, Unit 202

      HOTEL/MOTEL
      2100 Nasa Pkwy Ste, Seabrook, TX 77586-3490
      View Details
    • Value Estimation by Request
      1,501 SF

      1113 Hall Ave

      HOTEL/MOTEL
      1113 Hall Ave, Seabrook, TX 77586-3825
      View Details
    • Value Estimation
      $540,000
      32,745 SF

      2901 Nasa Pkwy, Unit 49

      HOTEL/MOTEL
      2901 Nasa Pkwy, Seabrook, TX 77586-3216
      View Details

    Similar Nearby for Sale

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      Prime Corner Lot on Highway

      Corner lot with high traffic, excellent for commercial development.
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      23,807 SF

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      Commercial Land Near Shopping Centers

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      Seabrook Land Parcel For Sale

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    • $246,000

      Land Bundle on Meyer Avenue

      Land available as bundled sale on Meyer Avenue.
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    Similar Nearby for Lease

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      454,600 SF

      Distribution Building with Cross-Dock

      454,600 SF distribution building featuring 36' clear height.
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    • Contact for pricing

      Spacious Open Concept Retail Space

      Large open concept retail/office space available for lease.
      3101 Nasa Rd 1, Seabrook, TX 77586
      View Details
    • Contact for pricing
      1,392 SF

      Retail/Office Space in Old Seabrook

      Adaptable retail or office spaces in a historic location.
      1105 Moskowitz Ave, Seabrook, TX 77586
      View Details
    • Contact for pricing
      1,153 SF

      Retail Space in Seabrook, TX

      Open concept retail space near major developments in Seabrook, TX.
      3101 Nasa Rd 1, Seabrook, TX 77586
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Excellent commercial potential with superior access and high visibility.
      3100 Nasa Rd 1, Seabrook, TX 77586
      View Details
    • Contact for pricing

      Seabrook Flex Space Opportunity

      Versatile flex space with negotiable yard in prime location.
      1904 Hialeah Dr, Seabrook, TX 77586
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      1.2k
    • Avg Time on site
      438 min
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    Seabrook, TX 77586-3219
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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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