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

    2798 Mt Houston Rd Houston, TX 77038-3323

    • Warehouses
    • 2,862 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3733512
    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

    • Emprex Motor Financial / Financial Advisor
    • Juan's Auto Glass / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • JMA Keys and Remotes / Locksmith
    • Trinity Autos / Car Dealership

    Property Details for 2798 Mt Houston Rd

    Year built
    1965
    Construction
    METAL FRAME
    Lot size
    0.85 lot acres
    Property size
    2,862 SF
    Property type
    Warehouses
    APN
    621960000088
    APU
    621960000088

    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
    -95.4549
    Latitude
    29.8979
    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
    $4,290
    $372,020
    $138,290
    $510,310
    -
    $372,020
    $138,290
    $510,310

    Comparable in this City

    • Value Estimation
      $1,205,000
      52,080 SF

      2405 Mt Houston Rd

      STORAGE YARD (JUNK, SALVAGE) • 52,080 SF
      2405 Mt Houston Rd, Houston, TX 77038-3530
      View Details
    • Value Estimation
      $2,845,000
      45,000 SF

      1710 Mt Houston Rd

      WAREHOUSE, STORAGE • 45,000 SF
      1710 Mt Houston Rd, Houston, TX 77038-3812
      View Details
    • Value Estimation by Request
      858,420 SF

      10550 Ella Blvd

      WAREHOUSE, STORAGE • 858,420 SF
      10550 Ella Blvd, Houston, TX 77038-2324
      View Details
    • Value Estimation
      $6,755,000
      169,346 SF

      9999 Veterans Memorial Dr

      WAREHOUSE, STORAGE • 169,346 SF
      9999 Veterans Memorial Dr, Houston, TX 77038-2401
      View Details
    • Value Estimation by Request
      5,400 SF

      9725 Veterans Memorial Dr

      WAREHOUSE, STORAGE • 5,400 SF
      9725 Veterans Memorial Dr, Houston, TX 77038-2903
      View Details
    • Value Estimation by Request
      6,500 SF

      13501 Sundale Rd

      WAREHOUSE, STORAGE • 6,500 SF
      13501 Sundale Rd, Houston, TX 77038-1031
      View Details

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      116,355 SF

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      24,300 SF

      Houston Investment Opportunity For Sale

      Investment opportunity in Houston near Jersey Village and SH-249.
      10070 Veterans Memorial Dr, Houston, TX 77038
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    • $3,348,022

      Commercial Land with Frontage

      Land with frontage on West Rd, near I-45.
      700 West Rd, Houston, TX 77038
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    Similar Nearby for Lease

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      282,190 SF

      Beltway 8 Frontage Warehouse

      Warehouse with high visibility and convenient highway access.
      10909 Greens Crossing Blvd, Houston, TX 77038
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      Northwest Houston Office/Warehouse Space

      21,276 SF office/warehouse on 1.31 AC fronting Beltway 8.
      3367 N Sam Houston Pkwy W, Houston, TX 77038
      View Details
    • Contact for pricing
      4,410 SF

      North Houston Flex Space Available

      Flex/industrial space with access to major transportation routes.
      1400-1412 N Sam Houston Pkwy E, Houston, TX 77038
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    • Contact for pricing

      Houston Warehouse Space Available

      130,964 SF warehouse space for lease in Houston, TX.
      11220 Ella Blvd, Houston, TX 77038
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    • Contact for pricing
      10,000 SF

      Houston Industrial Space For Lease

      10,000 SF industrial space available for rent in Houston.
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      Retail Space For Lease

      Retail space available for lease in Houston, Texas.
      10275 North Fwy, Houston, TX 77038
      View Details
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    2798 Mt Houston Rd
    Houston, TX 77038-3323
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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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