Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3116 Alabama Ct Houston, TX 77027-5913
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3116 Alabama Ct Houston, TX 77027-5913

    View on Map
    • Investment properties
    • 1,914 SF
    • 0.08 lot acres
    Off-Market
    Property ID
    US82-0954564
    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

    • HILL Strategic Brand Solutions, LLC / Marketing & Advertising / Advertising Agency
    • Metro-Forms Inc / (Bike/Boat/Book/etc) Store

    Property Details for 3116 Alabama Ct

    Year built
    1993
    Lot size
    0.08 lot acres
    Property size
    1,914 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    860520000008
    APU
    860520000008

    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
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4342
    Latitude
    29.7369
    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
    $6,470
    $314,500
    $536,022
    $850,522
    -
    $314,500
    $536,022
    $850,522

    Comparable in this City

    • Value Estimation by Request
      5,964 SF

      3737 Westheimer Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,964 SF
      3737 Westheimer Rd, Houston, TX 77027-5227
      View Details
    • Value Estimation by Request
      2,403 SF

      4738 Alabama St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,403 SF
      4738 Alabama St, Houston, TX 77027-4704
      View Details
    • Value Estimation by Request
      2,216 SF

      3200 Alabama Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 2,216 SF
      3200 Alabama Ct, Houston, TX 77027-5915
      View Details
    • Value Estimation by Request
      0.77 Acres

      3161 Loop

      Land • 0.77 Acres
      3161 Loop, Houston, TX 77027
      View Details
    • Value Estimation by Request
      2.32 Acres

      2300 Loop

      Land • 2.32 Acres
      2300 Loop, Houston, TX 77027
      View Details
    • Value Estimation
      $740,000
      1.91 Acres

      Westcreek Ln

      COMMERCIAL (GENERAL) • 1.91 Acres
      Westcreek Ln, Houston, TX 77027
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Galleria Area Land Opportunity

      Prime land in Houston's Galleria area, near amenities.
      3161 Loop W, Houston, TX 77027
      View Details
    • Contact for pricing
      760 SF

      Houston Office Building For Lease

      81,505 SF office building in Houston, Texas for lease.
      3000 Weslayan St, Houston, TX 77027
      View Details
    • $1,199,000

      Cleared Land Ready for Building

      Unrestricted land suitable for building in Houston, Texas.
      4711 Oakshire Dr, Houston, TX 77027
      View Details
    • Contact for pricing

      Architecturally Significant Houston Office Building

      Class A office building in Houston's Galleria district.
      2425 West Loop South, Houston, TX 77027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      564 SF

      Office Space Available For Rent

      564 square feet office space available for lease.
      4635 Southwest Fwy, Houston, TX 77027
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Retail Shopping Center For Rent

      257,625 SF retail shopping center anchored by LA Fitness and Costco.
      3651 Weslayan St, Houston, TX 77027
      View Details
    • Contact for pricing

      Premier Medical Office Space

      Four-story medical office building in Greenway Plaza with move-in ready suites.
      3100 Weslayan St, Houston, TX 77027
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 4635 Southwest Fwy, Houston.
      4635 Southwest Fwy, Houston, TX 77027
      View Details
    • Contact for pricing

      River Oaks Retail/Office Opportunity

      Redeveloped retail/office building in River Oaks near Briar Club.
      3641 Westheimer Rd, 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.
    3116 Alabama Ct
    Houston, TX 77027-5913
    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.
    Sign Up Successful!
    You now have access to more from Realmo!