Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2818 Ctr St Deer Park, TX 77536-4945

    • Office buildings
    • 3,448 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4372024
    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

    • Ohmstede Industrial Services HR Office / Corporate Office
    • Damar Construction Services Inc / General Contractor

    Property Details for 2818 Ctr St

    Year built
    1984
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    3,448 SF
    Property type
    Office buildings
    APN
    113190000557
    APU
    113190000557

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $181,000
      Market price range: $155k - $356k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $260,000
      Current use
      AUTO REPAIR, GARAGE
      $310,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $290,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $225,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Harris
    State
    Texas
    Longitude
    -95.1243
    Latitude
    29.6859
    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
    2020
    $4,422
    $104,517
    $292,106
    $396,623
    -
    $104,517
    $292,106
    $396,623

    Comparable in this City

    • Value Estimation
      $935,000
      93,912 SF

      4400 Hwy 225

      OFFICE BUILDING • 93,912 SF
      4400 Hwy 225, Deer Park, TX 77536-2428
      View Details
    • Value Estimation by Request
      5,000 SF

      1450 Ee Blvd

      OFFICE BUILDING • 5,000 SF
      1450 Ee Blvd, Deer Park, TX 77536-1855
      View Details
    • Value Estimation
      $395,000
      6,724 SF

      3710 Ctr St

      OFFICE BUILDING • 6,724 SF
      3710 Ctr St, Deer Park, TX 77536-6104
      View Details
    • Value Estimation
      $315,000
      3,442 SF

      102 Pasadena Blvd

      OFFICE BUILDING • 3,442 SF
      102 Pasadena Blvd, Deer Park, TX 77536-4870
      View Details
    • Value Estimation
      $360,000
      4,066 SF

      204 San Augustine St

      OFFICE BUILDING • 4,066 SF
      204 San Augustine St, Deer Park, TX 77536-4115
      View Details
    • Value Estimation
      $265,000
      4,008 SF

      106 San Augustine St

      OFFICE BUILDING • 4,008 SF
      106 San Augustine St, Deer Park, TX 77536-4159
      View Details

    Similar Nearby for Sale

    • $1,950,000
      8,009 SF

      Remodeled Office Building For Sale

      8,009 SF office building remodeled in 2023 on 1.13 acres.
      120 8Th St, Deer Park, TX 77536
      View Details
    • $450,000
      26,135 SF

      Commercial Land For Sale

      Commercial land with high visibility and city utilities.
      Center St, Deer Park, TX 77536
      View Details
    • $2,500,000

      Prime Commercial Land in Deer Park

      7.12 acres of commercial land near major transportation routes.
      X St, Deer Park, TX 77536
      View Details
    • Contact for pricing
      2.90 Acres

      Deer Park Commercial Land - 2.9 Acres

      Prime 2.9-acre commercial lot in Deer Park, TX.
      0 Blvd & X St Deer Park, Deer Park, TX 77536
      View Details
    • $845,000
      1.85 Acres

      Deer Park Commercial Land

      1.85 Acres, Prime Location, $845,000
      4501 Center St, Deer Park, TX 77536
      View Details
    • Contact for pricing
      6,120 SF

      Deer Park Auto Shop Investment

      6,120 SF Auto Shop, Tenant in Place
      4840 Center St, Deer Park, TX 77536
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      7,080 SF

      Deer Park Plaza: Office Space Available

      Modern Deer Park Office, 1,500 SF Available
      3401 East Blvd, Deer Park, TX 77536
      View Details
    • Contact for pricing
      900 SF

      Office Space in Deer Park

      Office space available for rent in Deer Park, Texas.
      206-208 E San Augustine St, Deer Park, TX 77536
      View Details
    • Contact for pricing
      2,727 SF

      Shoppes at Town Square III Retail Space

      Harris County retail space; two suites available.
      3811 Center St, Deer Park, TX 77536
      View Details
    • $19 SF/Yr
      2,000 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, TX.
      4902-5034 Luella Ave, Deer Park, TX 77536
      View Details
    • Contact for pricing
      34,000 SF

      Industrial Land Ready For Construction

      Industrial land with completed infrastructure ready for immediate construction.
      2801 East San Augustine St, Deer Park, TX 77536
      View Details
    • Contact for pricing
      14,600 SF

      Deer Park Retail Center Investment

      High-traffic retail strip center in Deer Park, TX
      0 Nec Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2818 Ctr St
    Deer Park, TX 77536-4945
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.