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

    3231 Fm 1960th E Rd, Unit 32 Humble, TX 77338-5323

    • Hotels
    • 20,160 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0763106
    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

    • Americas Best Value Inn Aldine Westfield / Hotel

    Property Details for 3231 Fm 1960th E Rd

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    1.31 lot acres
    Property size
    20,160 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1196490000007
    APU
    1196490000007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $491,000
      Market price range: $282k - $537k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,040,000
      WAREHOUSE, STORAGE
      $960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.3772
    Latitude
    30.0208
    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
    $9,079
    $429,480
    $988,493
    $1,417,973
    -
    $429,480
    $988,493
    $1,417,973

    Comparable in this City

    • Value Estimation
      $1,005,000
      46,359 SF

      18201 Kenswick Dr, Unit 77

      HOTEL/MOTEL • 46,359 SF
      18201 Kenswick Dr, Humble, TX 77338-8152
      View Details
    • Value Estimation
      $780,000
      30,938 SF

      18150 Mckay Dr, Unit 54

      HOTEL/MOTEL • 30,938 SF
      18150 Mckay Dr, Humble, TX 77338-5503
      View Details
    • Value Estimation
      $660,000
      21,346 SF

      19753 Deerbrook Park Blvd, Unit 41

      HOTEL/MOTEL • 21,346 SF
      19753 Deerbrook Park Blvd, Humble, TX 77338-2860
      View Details
    • Value Estimation
      $660,000
      24,824 SF

      9821 Fm 1960th W Rd, Unit 36

      HOTEL/MOTEL • 24,824 SF
      9821 Fm 1960th W Rd, Humble, TX 77338-5702
      View Details
    • Value Estimation
      $470,000
      24,357 SF

      9824 J M Hester St, Unit 33

      HOTEL/MOTEL • 24,357 SF
      9824 J M Hester St, Humble, TX 77338-4227
      View Details
    • Value Estimation
      $595,000
      23,376 SF

      9717 Fm 1960th W Rd, Unit 36

      HOTEL/MOTEL • 23,376 SF
      9717 Fm 1960th W Rd, Humble, TX 77338-5710
      View Details

    Similar Nearby for Sale

    • $6,750,000
      2,605 SF

      Humble 75-Acre Farm and Ranch

      75-acre farm/ranch with homes, event venue, and horse ranch.
      19323 Belleau Wood Dr, Humble, TX 77338
      View Details
    • $8,000,000
      55,000 SF

      Texas Ranch Investment Opportunity

      75-Acre Ranch, Multiple Income Streams
      19327 Belleau Wood Dr, Humble, TX 77338
      View Details
    • Contact for pricing

      Humble Commercial Land Investment

      ±4 Acres, Prime Harris County Location
      9435 Fm 1960 Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      30,000 SF

      High-Visibility Humble Retail Pad

      30,000 SF Retail Space - Prime Location
      59 & Will Clayton Pkwy, Humble, TX 77338
      View Details
    • Contact for pricing
      36,825 SF

      Humble Office Complex: Prime Location

      Two-building office complex, 36,825 SF, vacant.
      1722 Treble Dr, Humble, TX 77338
      View Details
    • Contact for pricing
      2.42 Acres

      Humble Commercial Land - 2.42 Acres

      Prime Development Site in Humble, TX
      0 Kenswick Dr, Humble, TX 77338
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      9,200 SF

      Shops at Deerbrook: Retail Space for Lease

      Prime Retail Space near Deerbrook Mall
      FM-1960 & Deerbrook Park Blvd, Humble, TX 77338
      View Details
    • Contact for pricing
      55,826 SF

      Prime North Houston Warehouse

      55,826 SF Warehouse - Available Now
      8575 Volta Dr, Humble, TX 77338
      View Details
    • $28 SF/Yr
      21,803 SF

      Humble High Retail Center

      Prime Retail Space Available Now
      0 Wilson Rd, Humble, TX 77338
      View Details
    • $12 SF/Yr
      9,900 SF

      Humble Industrial Space Available

      9,900 SF Multi-Tenant Industrial Building
      40 Wilson Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      289,200 SF

      Humble Warehouse with Extensive Features

      289,200 SF warehouse on 21.51 acres in Humble, TX.
      18727 Kenswick Dr, Humble, TX 77338
      View Details
    • Contact for pricing
      4,000 SF

      Humble Office Space Available

      Office space featuring 15 offices, conference room, and breakroom.
      8717 Humble Westfield Rd, Humble, TX 77338
      View Details
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    Humble, TX 77338-5323
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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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