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    Property profile & analytics

    31380 Fm 2920th Rd, Unit 76 Waller, TX 77484-8013

    • Hotels
    • 45,253 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5465169
    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

    • Hotels

    Property Details for 31380 Fm 2920th Rd

    Year built
    2009
    Construction
    BRICK
    Lot size
    2.40 lot acres
    Property size
    45,253 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1308490010003
    APU
    1308490010003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,010,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,104,000
      Market price range: $574k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.912
    Latitude
    30.0566
    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
    $21,698
    $544,374
    $3,329,194
    $3,873,568
    -
    $544,374
    $3,329,194
    $3,873,568

    Comparable in this City

    • Value Estimation
      $1,175,000
      48,648 SF

      35527 Hwy 290th Byp, Unit 93

      HOTEL/MOTEL • 48,648 SF
      35527 Hwy 290th Byp, Waller, TX 77484-2137
      View Details
    • Value Estimation
      $775,000
      37,336 SF

      39502 Us 290th, Unit 63

      HOTEL/MOTEL • 37,336 SF
      39502 Us 290th, Waller, TX 77484-5759
      View Details
    • Value Estimation
      $650,000
      26,883 SF

      35531 Hwy 290th Byp, Unit 54

      HOTEL/MOTEL • 26,883 SF
      35531 Hwy 290th Byp, Waller, TX 77484-2137
      View Details
    • Value Estimation
      $855,000
      35,598 SF

      19720 Stokes Rd, Unit 59

      HOTEL/MOTEL • 35,598 SF
      19720 Stokes Rd, Waller, TX 77484-7322
      View Details
    • Value Estimation
      $690,000
      27,398 SF

      19777 Stokes Rd, Unit 40

      HOTEL/MOTEL • 27,398 SF
      19777 Stokes Rd, Waller, TX 77484-7323
      View Details
    • Value Estimation by Request
      13.78 Acres

      Kermier Rd

      Land • 13.78 Acres
      0 Kermier Rd, Waller, TX 77484
      View Details

    Similar Nearby for Sale

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      12,469 SF

      Magnolia Manor Estate on 67 Acres

      Upscale estate with retreat amenities, suitable for various uses.
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      26.00 Acres

      Waller County Commercial Land - 26 Acres

      Prime 26-acre tract, ideal commercial development.
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      Prime Waller County Land Investment

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    • $2,100,000
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      Prime Waller County Land

      13.78 Acres, divisible, high visibility.
      0 Kermier Rd, Waller, TX 77484
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    • $1,883,098

      Unrestricted Acreage in Growth Corridor

      14.41 acres in Waller, TX, ideal for commercial use.
      Binford Rd Rd, Waller, TX 77484
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    • $5,989,500

      25 Acres in Binford Park

      Divisible land in Binford Business Park, Waller, TX.
      25 Acre+/- Binford Park Rd, Waller, TX 77484
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    Similar Nearby for Lease

    • $0.95 SF/Yr
      6,000 SF

      Waller Warehouse Space Available

      6,000 SF warehouse space for lease in Waller, TX.
      20223 Binford 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
      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
    • Contact for pricing
      10 SF

      Industrial Space Available For Sale

      Approximately 10,000 square feet of industrial space available for sale.
      19286 Kickapoo Rd, Waller, TX 77484
      View Details
    • Contact for pricing
      10 SF

      Warehouse Space Available For Lease

      Approximately 10,000 SF warehouse space available for lease.
      19286 Kickapoo Rd, Waller, TX 77484
      View Details

    Property Visit Statistics

    • Visits by month
      21.1k
    • Visitors by month
      12.5k
    • Avg Time on site
      18 min
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    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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