Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    305 Fairmont Pkwy La Porte, TX 77571-6305
    Back to Search
    Property profile & analytics

    305 Fairmont Pkwy, La Porte, TX 77571-6305

    View on Map
    • Auto shops
    • 5,200 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US82-5454685
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 305 Fairmont Pkwy

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    0.41 lot acres
    Property type
    Auto shops
    APN
    241870070002
    APU
    241870070002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 4, 2018 — Leonards Automotive LLC — Deed · related $185k · Capital Bk
    Apr 19, 2013 — Leonards Automotive LLC 1900 Strawberry Corp Grant Deed $250k · Capital Bank NA
    — — Leonards Automotive LLC — Loan Modification · related $185k · Capital Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.0219
    Latitude
    29.6521
    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
    $2,447
    $144,000
    $240,585
    $384,585
    -
    $144,000
    $240,585
    $384,585

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      932 Strang Rd

      AUTO REPAIR, GARAGE
      932 Strang Rd, La Porte, TX 77571
      View Details
    • Value Estimation by Request
      3,910 SF

      10335 Fairmont Pkwy

      AUTO REPAIR, GARAGE
      10335 Fairmont Pkwy, La Porte, TX 77571-6013
      View Details
    • Value Estimation by Request
      1,908 SF

      202 11th St

      AUTO REPAIR, GARAGE
      202 11th St, La Porte, TX 77571-3112
      View Details
    • Value Estimation by Request
      5,250 SF

      2426 Sens Rd

      AUTO REPAIR, GARAGE
      2426 Sens Rd, La Porte, TX 77571-9104
      View Details
    • Value Estimation by Request
      2,040 SF

      901 8th St

      AUTO REPAIR, GARAGE
      901 8th St, La Porte, TX 77571-4957
      View Details
    • Value Estimation
      $950,000
      18,240 SF

      10941 Fairmont Pkwy

      AUTO REPAIR, GARAGE
      10941 Fairmont Pkwy, La Porte, TX 77571-6009
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Updated Auto Shop For Sale

      Recently updated auto shop with new paint booth and lift.
      1307 W Main St, La Porte, TX 77571
      View Details
    • Contact for pricing

      Prime Pad Sites on Highway

      High-visibility commercial land ideal for retail or restaurant development.
      W Fairmont Pkwy, La Porte, TX 77571
      View Details
    • $765,000

      Freestanding Retail Building on Spencer Highway

      Retail building in La Porte, TX, 100% occupied.
      8380 Spencer Hwy, La Porte, TX 77571
      View Details
    • $599,000

      La Porte Commercial Property Opportunity

      Versatile commercial building in La Porte, suitable for various uses.
      130 S 4Th St, La Porte, TX 77571
      View Details
    • $699,000

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 North Broadway St, La Porte, TX 77571
      View Details
    • Contact for pricing
      Pending

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 N Broadway St, La Porte, TX 77571
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,144 SF

      Versatile Automotive Space on Main

      Automotive-ready space with showroom, offices, and shop area.
      621 Main St, La Porte, TX 77571
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, Texas.
      1901 S Battleground Rd, Deer Park, TX 77571
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Jacks Plaza

      Retail space for rent in La Porte, Texas.
      1101-1143 Broadway St, La Porte, TX 77571
      View Details
    • Contact for pricing

      La Porte Medical/Retail Space

      Space in well-established family clinic center, suitable for medical/retail.
      401 W Fairmont Pkwy, La Porte, TX 77571
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail spaces available, ranging from 600 to 1,400 SqFt.
      210 W Fairmont Pkwy, La Porte, TX 77571
      View Details
    • Contact for pricing

      La Porte Retail/Office Space

      Retail, office, or medical space in busy La Porte.
      1101 S Broadway St, La Porte, TX 77571
      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.
    305 Fairmont Pkwy
    La Porte, TX 77571-6305
    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

    Thank You for Inquiry
    305 Fairmont Pkwy, La Porte, TX, 77571
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!