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

    2929 12th St Houston, TX 77008-6113

    • Warehouses
    • 54,560 SF
    • 7.62 lot acres
    OFF-MARKET
    Value Estimations
    $5,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2766659
    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

    • Aviva Metals / Industrial Manufacturer / Factory
    • NBM Metals / Corporate Office

    Property Details for 2929 12th St

    Year built
    1974
    Construction
    METAL FRAME
    Lot size
    7.62 lot acres
    Property size
    54,560 SF
    Property type
    Warehouses
    APN
    1253730010001
    APU
    1253730010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,695,000
      6.5%
      $6,180,000
      7%
      $5,735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,505,000
      Market price range: $1.39M - $6.28M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,905,000
      Current use
      AUTO REPAIR, GARAGE
      $7,115,000
      Change: +82% Conversion: Easy
      RESTAURANT
      $6,800,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $5,745,000
      Change: +47% Conversion: Moderate
      OFFICE BUILDING
      $4,140,000
      Change: +6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,010,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $3,815,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4307
    Latitude
    29.7903
    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
    $220,452
    $4,652,876
    $6,358,719
    $11,011,595
    -
    $4,652,876
    $6,358,719
    $11,011,595

    Comparable in this City

    • Value Estimation
      $2,110,000
      18,550 SF

      6404 Hurst St

      WAREHOUSE, STORAGE • 18,550 SF
      6404 Hurst St, Houston, TX 77008-6215
      View Details
    • Value Estimation
      $715,000
      10,000 SF

      236 17th St

      WAREHOUSE, STORAGE • 10,000 SF
      236 17th St, Houston, TX 77008-4002
      View Details
    • Value Estimation
      $795,000
      29,705 SF

      8101 Hempstead Rd

      WAREHOUSE, STORAGE • 29,705 SF
      8101 Hempstead Rd, Houston, TX 77008-6127
      View Details
    • Value Estimation
      $560,000
      15,840 SF

      6504 Hurst St

      WAREHOUSE, STORAGE • 15,840 SF
      6504 Hurst St, Houston, TX 77008-6217
      View Details
    • Value Estimation by Request
      8,150 SF

      2020 Lawrence St

      WAREHOUSE, STORAGE • 8,150 SF
      2020 Lawrence St, Houston, TX 77008-3653
      View Details
    • Value Estimation
      $745,000
      9,000 SF

      323 Nn W Loop

      WAREHOUSE, STORAGE • 9,000 SF
      323 Nn W Loop, Houston, TX 77008-2028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      77,000 SF

      Houston Warehouse Space Available

      77,000 square foot warehouse space in Houston, Texas.
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    • Contact for pricing
      31,000 SF

      Hempstead Road Industrial Land

      31,000 SF Industrial Land, Houston TX
      8101 Hempstead Rd, Houston, TX 77008
      View Details
    • $1,857,395
      0.82 Acres

      Houston Land: 0.82 Acres

      Prime Houston commercial land, ideal for mixed-use development.
      0 17Th St, Houston, TX 77008
      View Details
    • Contact for pricing
      5,412 SF

      Houston Industrial Property For Sale

      5,412 SF industrial property available in Houston, Texas.
      1111 E 11Th St, Houston, TX 77008
      View Details
    • Contact for pricing
      227,819 SF

      Heights Mixed-Use Development Site

      5.23 Acres, Prime Houston Location
      3233 11Th St, Houston, TX 77008
      View Details
    • $499,900

      Timbergrove Lot Near TC Jester

      Spacious lot in Timbergrove, near trails and local amenities.
      2020 W 14Th St, Houston, TX 77008
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    Similar Nearby for Lease

    • Contact for pricing
      39,430 SF

      Houston Warehouse and Office Space

      Office/warehouse space with excellent access to major thoroughfares.
      2301-2399 Minimax St, Houston, TX 77008
      View Details
    • $15 SF/Yr
      128,459 SF

      Heights Industrial Space Available

      Flexible Houston Office & Warehouse Space
      1401 Greengrass Dr, Houston, TX 77008
      View Details
    • Contact for pricing
      11,000 SF

      Houston Heights Warehouse Space

      Prime Retail/Industrial Warehouse Suites Available
      718 18Th St, Houston, TX 77008
      View Details
    • $20 SF/Yr
      5,000 SF

      Heights Flex Space - 5,000 SF

      Versatile Heights commercial space; ideal for multiple uses.
      925 17Th St, Houston, TX 77008
      View Details
    • Contact for pricing
      11,225 SF

      Wynnwood Lane Warehouse For Lease

      Spacious Houston Warehouse, Ideal Location
      6880 Wynnwood Ln, Houston, TX 77008
      View Details
    • Contact for pricing
      3,625 SF

      Retail Space Near Oak Forest

      Retail space with high traffic and easy highway access.
      3800 Shepherd Dr, Houston, TX 77008
      View Details
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    2929 12th St
    Houston, TX 77008-6113
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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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