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    Property profile & analytics

    301 Dance Dr West Columbia, TX 77486-4015

    • Medical offices
    • 5,980 SF
    • 5.70 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7986422
    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

    • Kittie Nash Groce Memorial Rehab Center / Physical Therapist / Physical Therapy Clinic

    Property Details for 301 Dance Dr

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    5.70 lot acres
    Property size
    5,980 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    3150-0011-120
    APU
    31500011120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $357,000
      Market price range: $358k - $724k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $510,000
      Current use
      WAREHOUSE, STORAGE
      $500,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Columbia
    County
    Brazoria
    State
    Texas
    Longitude
    -95.6416
    Latitude
    29.1252
    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
    2018
    $0.00
    $86,520
    $378,150
    $464,670
    -
    $86,520
    $378,150
    $464,670

    Comparable in this City

    • Value Estimation
      $370,000
      2,400 SF

      513 Columbia Dr

      MEDICAL BUILDING • 2,400 SF
      513 Columbia Dr, West Columbia, TX 77486-3025
      View Details
    • Value Estimation
      $265,000
      1,260 SF

      626 Brazos Ave

      MEDICAL BUILDING • 1,260 SF
      626 Brazos Ave, West Columbia, TX 77486-2946
      View Details
    • Value Estimation
      $325,000
      2,649 SF

      211 Columbia Dr

      MEDICAL BUILDING • 2,649 SF
      211 Columbia Dr, West Columbia, TX 77486-2518
      View Details
    • Value Estimation
      $395,000
      3,400 SF

      907 Columbia Dr

      DENTAL BUILDING • 3,400 SF
      907 Columbia Dr, West Columbia, TX 77486-3637
      View Details
    • Value Estimation
      $260,000
      3,751 SF

      503 Dance Dr

      DENTAL BUILDING • 3,751 SF
      503 Dance Dr, West Columbia, TX 77486-4019
      View Details
    • Value Estimation
      $690,000
      22,680 SF

      31 13th St

      HOMES (RETIRED, NURSING) • 22,680 SF
      31 13th St, West Columbia, TX 77486
      View Details

    Similar Nearby for Sale

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      2,034 SF

      Downtown West Columbia Mixed-Use

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    • $375,000
      2,649 SF

      Adaptable Office Space For Sale

      Office space with highway frontage, multiple rooms, and covered parking.
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    • $375,000
      2,600 SF

      Hwy 36 Office Space for Sale

      Prime West Columbia Office: High Visibility, Move-In Ready
      211 Columbia Dr, West Columbia, TX 77486
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    • $495,000
      2,000 SF

      Highway 36 Commercial Opportunity

      2,000 sqft office with warehouse and laydown yard.
      206 S Columbia Dr, West Columbia, TX 77486
      View Details
    • $1,250,000
      3.11 Acres

      West Columbia Commercial Land

      3.11-acre lot, high-traffic area, approved plans.
      0 Meadow Ln, West Columbia, TX 77486
      View Details
    • $424,000
      3,800 SF

      West Columbia Religious Facility

      3,800 SF religious facility in West Columbia, Texas.
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      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,413 SF

      Downtown Office Space Available

      1413 SF Single-Tenant Office Space
      520 17Th St, West Columbia, TX 77486
      View Details
    • Contact for pricing
      2,278 SF

      Restaurant with Drive Thru Available

      QSR 2nd Generation Restaurant with Drive Thru for sublease.
      801 S 17Th St, West Columbia, TX 77486
      View Details
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    301 Dance Dr
    West Columbia, TX 77486-4015
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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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