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    Property profile & analytics

    2855 Mangum Rd Houston, TX 77092-7493

    • Office buildings
    • 5,466 SF
    • 2.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1662716
    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

    • Rice Chiropractic Clinic / Alternative Medicine Practice
    • McKinnon Chiropractic / Alternative Medicine Practice
    • Mc Kinnon M K DC / Alternative Medicine Practice
    • Barklage Consulting Group, Inc / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Emil Sargent Attorney at Law / Law Firm / Financial Advisor

    Property Details for 2855 Mangum Rd

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.60 lot acres
    Property size
    5,466 SF
    Property type
    Office buildings
    APN
    1144160000002
    APU
    1144160000002

    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
    -95.4599
    Latitude
    29.8134
    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
    $80,908
    $1,925,352
    $2,117,034
    $4,042,386
    -
    $1,925,352
    $2,117,034
    $4,042,386

    Comparable in this City

    • Value Estimation
      $1,525,000
      164,940 SF

      2550 Nn W Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 164,940 SF
      2550 Nn W Loop, Houston, TX 77092-8902
      View Details
    • Value Estimation
      $710,000
      58,098 SF

      10810 Nwnw Fwy

      OFFICE BUILDING • 58,098 SF
      10810 Nwnw Fwy, Houston, TX 77092-7304
      View Details
    • Value Estimation
      $4,995,000
      225,720 SF

      2800 Nn Loop W Ste, Unit 800

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 225,720 SF
      2800 Nn Loop W Ste, Houston, TX 77092-8825
      View Details
    • Value Estimation by Request
      3,648 SF

      5930 Centralcrest St

      OFFICE BUILDING • 3,648 SF
      5930 Centralcrest St, Houston, TX 77092-7008
      View Details
    • Value Estimation by Request
      2,000 SF

      3741 Mangum Rd

      OFFICE BUILDING • 2,000 SF
      3741 Mangum Rd, Houston, TX 77092-5407
      View Details
    • Value Estimation by Request
      7,700 SF

      12712 Hempstead Rd

      OFFICE BUILDING • 7,700 SF
      12712 Hempstead Rd, Houston, TX 77092-4514
      View Details

    Similar Nearby for Sale

    • $3,206,610

      Office Building with Warehouse Space

      Two-story office building with warehouse and excellent highway access.
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    • $3,206,610
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      Two-Story Office Building For Sale

      Two-story office building with warehouse space and ample parking.
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    • $478,280

      Commercial Lot, Endless Possibilities

      Commercial lot for sale with endless possibilities.
      4323 Mangum Rd, Houston, TX 77092
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    • $2,900,000
      21,600 SF

      Houston Industrial Lease/Sale Opportunity

      21,600 SF industrial property with heavy power and climate control.
      4303 Southerland Rd, Houston, TX 77092
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    • $1,225,000

      Multifamily Investment Opportunity in Houston

      Well-maintained 8-unit property near Hwy 290 and Loop 610.
      7120 Cole Creek Dr, Houston, TX 77092
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    • $478,280

      Commercial Lot, Endless Possibilities

      Commercial land available in Houston, Texas.
      4323 Mangum Rd, Houston, TX 77092
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      848 SF

      Northwest Freeway Class B Office

      Six-story office building near major Houston thoroughfares.
      9800 Northwest Fwy, Houston, TX 77092
      View Details
    • Contact for pricing
      4,216 SF

      Class A Office Building Space

      Class A office building with fitness center and parking garage.
      13105 Northwest Fwy, Houston, TX 77092
      View Details
    • Contact for pricing
      72,059 SF

      Mangum Road Office Building Investment

      Houston Office Space, 72,059 SF
      2855a Mangum Rd, Houston, TX 77092
      View Details
    • Contact for pricing
      11,352 SF

      Antoine Business Park Retail Center

      Spring Branch Retail Space - Two Suites Available
      3050 Antoine Dr, Houston, TX 77092
      View Details
    • $20 SF/Yr
      16,490 SF

      Houston Office Space: Brookhollow Central III

      Prime Houston Office Suites: Flexible Options Available
      2950 North Loop, Houston, TX 77092
      View Details
    • $14 SF/Yr
      3,315 SF

      Renovated Office Building with Atrium

      Three-story office building featuring a landscaped atrium and modern amenities.
      13101 Northwest Fwy, Houston, TX 77092
      View Details
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    2855 Mangum Rd
    Houston, TX 77092-7493
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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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