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

    2828 Bammel Ln, Unit 127 Houston, TX 77098-1129

    • High-rise multifamily apartments
    • 158,844 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    $7,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4396399
    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

    • The Cabochon at River Oaks Apartments / Apartment Rental Agency / Apartment Complex
    • US Marine Survey / Surveyor
    • Judy Robinson Appraisal and Estate Sale Services / Appraiser
    • Kings Harry MD / Doctor

    Property Details for 2828 Bammel Ln

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.44 lot acres
    Property size
    158,844 SF
    Property type
    High-rise multifamily apartments
    APN
    102570050001
    APU
    102570050001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,892,000
      Market price range: $6.16M - $16.3M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,590,000
      Current use
      RETAIL STORES
      $12,905,000
      Change: +11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $12,370,000
      Change: +7% Conversion: Difficult
      MEDICAL BUILDING
      $10,135,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4243
    Latitude
    29.7399
    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
    $575,981
    $15,937,050
    $8,802,724
    $24,739,774
    -
    $15,937,050
    $8,802,724
    $24,739,774

    Comparable in this City

    • Value Estimation by Request
      867,061 SF

      2930 Kirby Dr, Unit 370

      HIGH-RISE APARTMENTS • 867,061 SF
      2930 Kirby Dr, Houston, TX 77098
      View Details
    • Value Estimation
      $4,380,000
      53,775 SF

      2322 Branard St, Unit 40

      HIGH-RISE APARTMENTS • 53,775 SF
      2322 Branard St, Houston, TX 77098-2219
      View Details
    • Value Estimation by Request
      2,327 SF

      1953 Richmond Ave

      Multifamily properties • 2,327 SF
      1953 Richmond Ave, Houston, TX 77098
      View Details
    • Value Estimation
      $7,645,000
      365,647 SF

      2300 Richmond Ave, Unit 230

      HIGH-RISE APARTMENTS • 365,647 SF
      2300 Richmond Ave, Houston, TX 77098-3261
      View Details
    • Value Estimation
      $4,595,000
      184,066 SF

      2305 Alabama St, Unit 106

      HIGH-RISE APARTMENTS • 184,066 SF
      2305 Alabama St, Houston, TX 77098-2268
      View Details
    • Value Estimation
      $8,590,000
      284,678 SF

      2001 Westheimer Rd, Unit 244

      HIGH-RISE APARTMENTS • 284,678 SF
      2001 Westheimer Rd, Houston, TX 77098-1579
      View Details

    Similar Nearby for Sale

    • $345,000
      1,048 SF

      Highrise Condo with Included Bills

      One-bedroom condo with utilities included and city views.
      2929 Buffalo Speedway, Houston, TX 77098
      View Details
    • $2,640,000

      15-Unit Apartment Complex For Sale

      Well-maintained apartment complex with income potential in improving neighborhood.
      1849 W Main St, Houston, TX 77098
      View Details
    • $185,000

      Updated Condo in Upper Kirby

      Updated two-bedroom condo in a prime inner loop location.
      3271 Sul Ross St, Houston, TX 77098
      View Details
    • Contact for pricing
      3,420 SF

      Houston 6-Unit Apartment Building

      Prime Houston multifamily investment opportunity. Needs renovation.
      2504 Algerian Way, Houston, TX 77098
      View Details
    • $749,000

      Museum District Multi-Unit Investment

      Multi-unit property in Houston's Museum District, generating immediate cash flow.
      2130 South Blvd, Houston, TX 77098
      View Details
    • $750,000

      Montrose Duplex with Timeless Appeal

      Charming 1925 duplex in Montrose, ideal for investors.
      1701 Hawthorne St, Houston, TX 77098
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Renovated Townhome Near Rice University

      Renovated townhome with two primary suites near Rice University.
      1733 Vassar St, Houston, TX 77098
      View Details
    • $6 SF/Yr
      25,057 SF

      Prime Houston Office Space

      Upper Kirby District, flexible suites
      2925 Richmond Ave, Houston, TX 77098
      View Details
    • $19 SF/Yr
      4,170 SF

      Office Space Available For Rent

      4,170 square feet of office space for lease.
      3120 Southwest Fwy, Houston, TX 77098
      View Details
    • $24 SF/Yr
      2,800 SF

      Montrose Office Space for Lease

      Prime Houston location, 2800 sq ft office
      1835 Richmond Ave, Houston, TX 77098
      View Details
    • $30 SF/Yr
      207,562 SF

      Houston Office Space: 2211 Norfolk St

      Prime Houston office space, multiple suites available.
      2211 Norfolk St, Houston, TX 77098
      View Details
    • $93 SF/Yr
      18,955 SF

      Prime River Oaks Office Space

      Prestigious Houston Office Suites Available
      3730 Kirby Dr, Houston, TX 77098
      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.
    2828 Bammel Ln, Unit 127
    Houston, TX 77098-1129
    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.