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    Property profile & analytics

    2909 Baldwin St Houston, TX 77006-3317

    • Investment properties
    • 2,000 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    6.6%
    Investment properties
    Location Intelligence
    Property ID
    US83-4104519
    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

    • Investment properties

    Property Details for 2909 Baldwin St

    Year built
    1912
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    2,000 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    132240000007
    APU
    132240000007

    Description

    This exceptional 2,300-square-foot office building, located at 2909 Baldwin Street in Houston, Texas, presents a unique opportunity. Situated in the vibrant Midtown neighborhood, this property enjoys convenient proximity to the Museum District and downtown Houston, offering easy access to major transportation arteries including I-10 and I-45. Originally constructed in 1912 and extensively renovated in 2012, this two-story building boasts a blend of historical charm and modern functionality. The building's classification as a Class B property reflects its well-maintained condition and attractive features. Its versatile design makes it suitable for a variety of uses, including executive offices, traditional office spaces, medical offices, creative offices, and even coworking arrangements. The single-tenancy structure provides privacy and control. Ample, secure parking is available for both employees and clients, adding to the property's overall appeal. Located in Harris County, zip code 77006, this property offers a compelling combination of location, functionality, and aesthetic appeal. The building's adaptability makes it an ideal investment for businesses seeking a prestigious and convenient location in the heart of Houston.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $258,000
      Market price range: $184k - $376k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3815
    Latitude
    29.7464
    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
    $10,666
    $360,000
    $158,499
    $518,499
    -
    $360,000
    $158,499
    $518,499

    Comparable in this City

    • Value Estimation by Request
      4,420 SF

      4218 Yoakum Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,420 SF
      4218 Yoakum Blvd, Houston, TX 77006-5418
      View Details
    • Value Estimation
      $400,000
      3,851 SF

      1210 Miramar St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,851 SF
      1210 Miramar St, Houston, TX 77006-5812
      View Details
    • Value Estimation
      $370,000
      3,176 SF

      818 Kipling St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,176 SF
      818 Kipling St, Houston, TX 77006-4313
      View Details
    • Value Estimation
      $360,000
      1,222 SF

      712 Fairview Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,222 SF
      712 Fairview Ave, Houston, TX 77006-2806
      View Details
    • Value Estimation
      $350,000
      1,278 SF

      1316 Alabama St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,278 SF
      1316 Alabama St, Houston, TX 77006-4206
      View Details
    • Value Estimation
      $310,000
      1,440 SF

      3412 Audubon Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 1,440 SF
      3412 Audubon Pl, Houston, TX 77006-4412
      View Details

    Similar Nearby for Sale

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      Montrose Office Building For Sale

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    Similar Nearby for Lease

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      Prime Houston Office Space Available

      Modern Houston Office, Multiple Spaces
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      Montrose Office: Prime Location

      11,060 SF Office Building Available
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    • $17 SF/Yr
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      Retail Space on Westheimer Road

      Retail space available for lease on Westheimer Road.
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      View Details
    • Contact for pricing
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      Prime Houston Office Space

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    • $2,680 /Mo
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      Houston Museum District Apartment

      Apartment with skyline views in the Museum District.
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    • $37 SF/Yr
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      Retail Space For Rent

      Retail space available for lease in Houston, Texas.
      2600 Travis St, Houston, TX 77006
      View Details
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    2909 Baldwin St
    Houston, TX 77006-3317
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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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