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

    3015 Weslayan St, Unit 383 Houston, TX 77027-5702

    • High-rise multifamily apartments
    • 453,654 SF
    • 4.60 lot acres
    OFF-MARKET
    Value Estimations
    $7,350,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0506192
    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

    • Alexan River Oaks / Apartment Complex / Apartment Rental Agency
    • Ivory Bridal Atelier / Wedding Store / Bridal Shop
    • Total Trade Hub / E Commerce Agency
    • Gilted Homes / Custom Home Builder
    • Frank’s Americana Revival. / Restaurant

    Property Details for 3015 Weslayan St

    Year built
    2020
    Construction
    METAL FRAME
    Lot size
    4.60 lot acres
    Property size
    453,654 SF
    Property type
    High-rise multifamily apartments
    APN
    1367820010001
    APU
    1367820010001

    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
    -95.4408
    Latitude
    29.7375
    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
    $2,195,205
    $25,036,125
    $70,568,244
    $95,604,369
    -
    $25,036,125
    $70,568,244
    $95,604,369

    Comparable in this City

    • Value Estimation
      $5,330,000
      315,305 SF

      3623 Alabama St, Unit 304

      HIGH-RISE APARTMENTS • 315,305 SF
      3623 Alabama St, Houston, TX 77027-5929
      View Details
    • Value Estimation
      $4,150,000
      333,426 SF

      3833 Cummins St, Unit 271

      HIGH-RISE APARTMENTS • 333,426 SF
      3833 Cummins St, Houston, TX 77027-5871
      View Details
    • Value Estimation
      $4,495,000
      360,932 SF

      1875 Post Oak Park Dr, Unit 316

      HIGH-RISE APARTMENTS • 360,932 SF
      1875 Post Oak Park Dr, Houston, TX 77027-3464
      View Details
    • Value Estimation
      $4,955,000
      313,433 SF

      3255 Las Palmas St, Unit 325

      HIGH-RISE APARTMENTS • 313,433 SF
      3255 Las Palmas St, Houston, TX 77027-5774
      View Details
    • Value Estimation
      $6,170,000
      291,411 SF

      4444 Westheimer Rd, Unit 279

      HIGH-RISE APARTMENTS • 291,411 SF
      4444 Westheimer Rd, Houston, TX 77027-4800
      View Details
    • Value Estimation
      $5,630,000
      250,667 SF

      4410 Westheimer Rd, Unit 340

      HIGH-RISE APARTMENTS • 250,667 SF
      4410 Westheimer Rd, Houston, TX 77027-4837
      View Details

    Similar Nearby for Sale

    • $495,000
      1,753 SF

      Renovated High-Rise Condo with Views

      Luxury condo with city views, modern amenities, and prime location.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • $325,000
      1,623 SF

      Luxury High-Rise Condo with Views

      Spacious condo with amenities near Memorial Park, River Oaks, Galleria.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • $475,000
      1,753 SF

      Renovated High-Rise Condo with Views

      Luxury 2-bed, 2-bath condo with city views and modern amenities.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • $449,000
      1,450 SF

      Remodeled Unit in River Oaks

      Modern 2 bed, 2 bath unit with premium amenities.
      2200 Willowick Rd, Houston, TX 77027
      View Details
    • $289,900
      1,401 SF

      Top-Floor Condo with Balcony & Views

      Top-floor 2BR/2BA condo in prime Houston location with balcony.
      58 Briar Hollow Ln, Houston, TX 77027
      View Details
    • $158,000

      Inner Loop Condo with Utilities

      Condo in Greenway Plaza/Upper Kirby with included utilities.
      3401 Timmons Ln, Houston, TX 77027
      View Details

    Similar Nearby for Lease

    • $3,850 /Mo

      Furnished High-Rise Condo with Skyline Views

      Furnished high-rise condo with granite counters and skyline views.
      49 Briar Hollow Ln, Houston, TX 77027
      View Details
    • $13 SF/Yr
      2,283 SF

      Prime Land Inside Loop 610

      Land for redevelopment near Memorial Park, River Oaks, and Uptown.
      4550 Post Oak Place Dr, Houston, TX 77027
      View Details
    • $22 SF/Yr
      21,826 SF

      Regus West Loop Executive Suites

      Prestigious Houston office space, fully furnished.
      2100 West Loop, Houston, TX 77027
      View Details
    • $17 SF/Yr
      155,146 SF

      Prestigious Houston Executive Suites

      Class A Office Space, Multiple Suites Available
      520 Post Oak Blvd, Houston, TX 77027
      View Details
    • $18 SF/Yr
      5,853 SF

      Prime Retail Space, Post Oak Park

      Upscale mixed-use, high-traffic location.
      5 Briar Dale Ct, Houston, TX 77027
      View Details
    • Contact for pricing
      6,000 SF

      Richmond Avenue Land for Lease

      6,000 square feet of land available for lease.
      4902 Richmond Ave, Houston, TX 77027
      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.
    3015 Weslayan St, Unit 383
    Houston, TX 77027-5702
    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.