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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    31360 Fm 2920th Rd Waller, TX 77484-8013

    • Outlet malls
    • 25,322 SF
    • 4.15 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2023
    Value Estimations
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0214896
    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

    • Outlet malls

    Property Details for 31360 Fm 2920th Rd

    Year built
    2015
    Construction
    CONCRETE BLOCKS
    Lot size
    4.15 lot acres
    Property size
    25,322 SF
    Property type
    Outlet malls
    APN
    1308490010005
    APU
    1308490010005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,281,000
      Market price range: $952k - $2.90M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,670,000
      APARTMENT HOUSE (5+ UNITS)
      $1,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.912
    Latitude
    30.0571
    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
    $16,725
    $820,494
    $1,890,000
    $2,710,494
    -
    $820,494
    $1,890,000
    $2,710,494

    Comparable in this City

    • Value Estimation
      $1,400,000
      99,756 SF

      31315 Fm 2920th Rd

      SHOPPING CENTER, STRIP CENTER • 99,756 SF
      31315 Fm 2920th Rd, Waller, TX 77484-8049
      View Details
    • Value Estimation by Request
      14,700 SF

      31303 Fm 2920th Rd

      SHOPPING CENTER, STRIP CENTER • 14,700 SF
      31303 Fm 2920th Rd, Waller, TX 77484-8197
      View Details
    • Value Estimation by Request
      1,300 SF

      40644 Us-290 Bus

      Multifamily properties • 1,300 SF
      40644 Us-290 Bus, Waller, TX 77484
      View Details
    • Value Estimation by Request
      11,004 SF

      31384 Fm 2920th Rd

      FINANCIAL BUILDING • 11,004 SF
      31384 Fm 2920th Rd, Waller, TX 77484-8098
      View Details
    • Value Estimation
      $545,000
      9,680 SF

      31406 Fm 2920th Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,680 SF
      31406 Fm 2920th Rd, Waller, TX 77484-8665
      View Details
    • Value Estimation
      $1,355,000
      14,046 SF

      31013 Fm 2920th Rd

      DRUG STORE, PHARMACY • 14,046 SF
      31013 Fm 2920th Rd, Waller, TX 77484-8008
      View Details

    Similar Nearby for Sale

    • $2,475,000
      11,250 SF

      Waller Storefront: Prime Retail Investment

      High-yield retail building, excellent location.
      2302 Main St, Waller, TX 77484
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    • $2,475,000
      11,250 SF

      Refurbished Waller Building with Expansion Potential

      Multi-purpose property in downtown Waller with immediate cash flow.
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    • $2,100,000
      13.78 Acres

      Prime Waller County Land

      13.78 Acres, divisible, high visibility.
      0 Kermier Rd, Waller, TX 77484
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    • Contact for pricing
      26.00 Acres

      Waller County Commercial Land - 26 Acres

      Prime 26-acre tract, ideal commercial development.
      16923 Fm 362 Rd, Waller, TX 77484
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    • $1,650,000

      Prime Waller County Land Investment

      27 Acres, Rodeo Arena, Hwy 1488 Frontage
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    • $1,472,341

      Unrestricted Land on Reids Prairie

      Undeveloped land with frontage on Reids Prairie Road.
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    Similar Nearby for Lease

    • $2.00 SF/Yr
      5,709 SF

      New Retail Space Available

      Premium retail suite with open layout in high-traffic area.
      2406 Main St, Waller, TX 77484
      View Details
    • $1.75 SF/Yr
      2,806 SF

      Spacious Retail Unit For Lease

      2,806 sq ft retail space with open floor plan.
      31390 Fm 2920 Rd, Waller, TX 77484
      View Details
    • $1.15 SF/Yr
      477 SF

      Office Space For Rent

      Office space with open floor plan available for lease.
      2313 Main St, Waller, TX 77484
      View Details
    • $809 /Mo

      Waller Apartment For Rent

      Apartment available for rent in Waller, Texas.
      3025 Waller St, Waller, TX 77484
      View Details
    • Contact for pricing
      5,495 SF

      Warehouse with Fenced Outside Yard

      5,495 SF warehouse with yard, access to major highways.
      41212 Park 290 Dr, Waller, TX 77484
      View Details
    • Contact for pricing
      20,525 SF

      Executive Office/Warehouse Space in Waller, TX

      Modern Office & Warehouse, 20,525 SF Available
      41212 Park 290 Dr, Waller, TX 77484
      View Details
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    31360 Fm 2920th Rd
    Waller, TX 77484-8013
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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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