Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3215 Alabama St Houston, TX 77098-1701

    • Specialty properties
    • 3,632 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3748075
    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

    • Noah's Ark Animal Hospital / Animal Hospital / Pet Boarding Service

    Property Details for 3215 Alabama St

    Year built
    1958
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    3,632 SF
    Property type
    Specialty properties
    APN
    650840020004
    APU
    650840020004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $403,000
      Market price range: $206k - $404k

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $305,000
      Current use
      COMMERCIAL (GENERAL)
      $465,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $340,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $295,000
      Change: -3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $285,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4255
    Latitude
    29.7381
    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
    $22,016
    $804,000
    $203,120
    $1,007,120
    -
    $804,000
    $203,120
    $1,007,120

    Comparable in this City

    • Value Estimation by Request
      2,327 SF

      1953 Richmond Ave

      Multifamily properties • 2,327 SF
      1953 Richmond Ave, Houston, TX 77098
      View Details
    • Value Estimation
      $775,000
      6,823 SF

      1734 Alabama St

      FUNERAL HOME • 6,823 SF
      1734 Alabama St, Houston, TX 77098-2808
      View Details
    • Value Estimation
      $430,000
      6,888 SF

      2706 Richmond Ave

      VETERINARY, ANIMAL HOSPITAL • 6,888 SF
      2706 Richmond Ave, Houston, TX 77098-5506
      View Details
    • Value Estimation by Request
      3,673 SF

      2503 Westheimer Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,673 SF
      2503 Westheimer Rd, Houston, TX 77098-1321
      View Details
    • Value Estimation
      $305,000
      2,500 SF

      2030 Alabama St

      VETERINARY, ANIMAL HOSPITAL • 2,500 SF
      2030 Alabama St, Houston, TX 77098-2708
      View Details
    • Value Estimation
      $885,000
      22,425 SF

      3330 Audley St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 22,425 SF
      3330 Audley St, Houston, TX 77098-1995
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Richmond Ave Commercial Gem

      Houston Office & Retail Opportunity
      3330 Richmond Ave, Houston, TX 77098
      View Details
    • $1,150,000

      Montrose Development Opportunity: 12,500 SF Lot

      Prime 12,500 SF lot in the heart of Montrose.
      1925 Lexington St, Houston, TX 77098
      View Details
    • Contact for pricing

      Land Available in Houston, TX

      Land for sale at 3835 Farnham Street, Houston, TX.
      3835 Farnham St, Houston, TX 77098
      View Details
    • Contact for pricing
      24,753 SF

      Upper Kirby Land for Townhomes

      Land with existing house, ideal for townhome development.
      1824 Branard St, Houston, TX 77098
      View Details
    • $749,000

      Museum District Multi-Unit Investment

      Multi-unit property in Houston's Museum District, generating immediate cash flow.
      2130 South Blvd, Houston, TX 77098
      View Details
    • Contact for pricing
      6,651 SF

      Well-Located Single-Story Office Building

      Single-story office building with Class A interior finishes and parking.
      2502 Algerian Way, Houston, TX 77098
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,473 SF

      River Oaks Office Building For Sale

      4,473 SF Medical/Office Space in Houston
      3270 Branard St, Houston, TX 77098
      View Details
    • $22 SF/Yr
      28,997 SF

      Upper Kirby Medical Office Building

      11,451 SF Available, Houston, TX
      2900 Richmond Ave, Houston, TX 77098
      View Details
    • $23 SF/Yr
      12,300 SF

      Office Space for Lease

      Office space available for lease in Houston, TX.
      3323 Richmond Ave, Houston, TX 77098
      View Details
    • $38 SF/Yr
      26,924 SF

      Renovated Office/Medical/Retail Asset For Rent

      Newly renovated, two-story, Class B office/medical/retail asset.
      3133 Southwest Fwy, Houston, TX 77098
      View Details
    • Contact for pricing
      2,706 SF

      Restaurant Space on Richmond Avenue

      Sublease opportunity in Houston's fast food corridor.
      3302 Richmond Ave, Houston, TX 77098
      View Details
    • $6 SF/Yr
      25,057 SF

      Prime Houston Office Space

      Upper Kirby District, flexible suites
      2925 Richmond Ave, Houston, TX 77098
      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.
    3215 Alabama St
    Houston, TX 77098-1701
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.