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    Property profile & analytics

    3101 Sage Rd Houston, TX 77056

    • Hotels
    • 7,744 SF
    • 1.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2660087
    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

    • Mister Valet Parking / Valet Parking Service
    • OYO Hotel & Apartments Houston Galleria / Hotel / Extended Stay Hotel
    • Liberty Auto Connections / Consultant
    • Stellar Stay / Short Term Apartment Rental Agency
    • Galleria Garage Hotel / Hotel

    Property Details for 3101 Sage Rd

    Year built
    1962
    Construction
    WOOD FRAME
    Lot size
    1.00 lot acres
    Property size
    7,744 SF
    Property type
    Hotels
    APN
    451400060004
    APU
    451400060004

    Description

    This exceptional 1-acre property at 3101 Sage Rd, Houston, TX 77056, presents a unique redevelopment opportunity in the heart of the Galleria area. The existing structure is a two-story hotel/apartment complex totaling between 22,176 and 99,384 square feet, spread across nine stories. The property boasts an existing parking garage, adding significant value to the redevelopment potential. Its prime location offers easy access to major thoroughfares, including Loop 610 and I-69/Hwy 59, ensuring excellent connectivity. The site is fully fenced and gated, enhancing security. Existing amenities include a swimming pool and cell towers, providing additional income streams or potential for expansion. The property is zoned without restrictions, allowing for a wide range of development possibilities. This income-producing asset presents a rare chance to capitalize on the Galleria's thriving market and create a high-value development. The property's size and location make it ideal for a variety of projects, from luxury apartments to mixed-use developments. This is a truly exceptional opportunity for investors seeking a high-impact project in a prime Houston location. Harris County location offers further advantages.

    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
    -95.4661
    Latitude
    29.7348
    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
    $85,339
    $3,484,800
    $1,316,575
    $4,801,375
    -
    $3,484,800
    $1,316,575
    $4,801,375

    Comparable in this City

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      5415 Westheimer Rd, Unit 152

      HOTEL/MOTEL • 82,889 SF
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    • Value Estimation
      $665,000
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      4 Riverway, Unit 378

      HOTEL/MOTEL • 319,548 SF
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    • Value Estimation
      $635,000
      266,935 SF

      2626 Sage Rd, Unit 325

      HOTEL/MOTEL • 266,935 SF
      2626 Sage Rd, Houston, TX 77056-5503
      View Details
    • Value Estimation
      $390,000
      103,597 SF

      5252 Alabama St, Unit 157

      HOTEL/MOTEL • 103,597 SF
      5252 Alabama St, Houston, TX 77056-5902
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    • Value Estimation
      $315,000
      420,458 SF

      5353 Westheimer Rd, Unit 476

      HOTEL/MOTEL • 420,458 SF
      5353 Westheimer Rd, Houston, TX 77056-5402
      View Details
    • Value Estimation
      $655,000
      107,890 SF

      2911 Sage Rd, Unit 150

      HOTEL/MOTEL • 107,890 SF
      2911 Sage Rd, Houston, TX 77056-6000
      View Details

    Similar Nearby for Sale

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      Residence Inn Houston by Galleria

      146-room hotel available for purchase in Houston, Texas.
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      Westheimer Rd Mixed-Use Redevelopment

      Prime Galleria Area, High-Traffic Location
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      22,176 SF

      Galleria Redevelopment: Prime Houston Site

      Rare Redevelopment Opportunity: Income-Producing, Multifamily
      3101 Sage Rd, Houston, TX 77056
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      1.00 Acre

      Galleria Area Redevelopment Site

      Prime 1-Acre Houston Land, Endless Potential
      3055 Sage Rd, Houston, TX 77056
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      2.62 Acres

      Galleria Area Commercial Land

      2.62 Acres, Prime Houston Location
      3500 Sage Rd, Houston, TX 77056
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    • $159,900
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      Uptown High-Rise Living

      Two-bedroom corner unit with views and amenities in Uptown Houston.
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    Similar Nearby for Lease

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      Westheimer Road Property For Rent

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      Furnished Apartment with Galleria View

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      184,040 SF

      Post Oak Retail Center - Houston

      Prime Houston retail space available.
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      Uptown Houston Office Suites

      Prestigious Uptown Houston office space.
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      Elegant Townhome in Galleria Area

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      Houston Office Space For Rent

      8,361 square feet of office space available for lease.
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      View Details
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    3101 Sage Rd
    Houston, TX 77056
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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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