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    Property profile & analytics

    3402 Ella Blvd Houston, TX 77018-6136

    • Auto shops
    • 3,261 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3467363
    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

    • Ella Auto Care, Inc. / Auto Repair Shop / Auto Body Shop

    Property Details for 3402 Ella Blvd

    Year built
    1965
    Construction
    CONCRETE BLOCKS
    Property size
    3,261 SF
    Property type
    Auto shops
    APN
    432050040004
    APU
    432050040004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4292
    Latitude
    29.8175
    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
    $1,511
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      1,200 SF

      4304 Yale St

      AUTO REPAIR, GARAGE • 1,200 SF
      4304 Yale St, Houston, TX 77018
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    • Value Estimation
      $295,000
      2,022 SF

      2216 43rd St

      AUTO REPAIR, GARAGE • 2,022 SF
      2216 43rd St, Houston, TX 77018-3014
      View Details
    • Value Estimation
      $380,000
      2,963 SF

      3540 Oak Frst Dr

      AUTO REPAIR, GARAGE • 2,963 SF
      3540 Oak Frst Dr, Houston, TX 77018-6122
      View Details
    • Value Estimation
      $345,000
      2,010 SF

      2104 43rd St, Unit 4

      AUTO REPAIR, GARAGE • 2,010 SF
      2104 43rd St, Houston, TX 77018-3012
      View Details
    • Value Estimation
      $335,000
      1,879 SF

      4401 Shepherd Dr

      AUTO REPAIR, GARAGE • 1,879 SF
      4401 Shepherd Dr, Houston, TX 77018-4507
      View Details
    • Value Estimation
      $335,000
      6,448 SF

      4614 Yale St

      AUTO REPAIR, GARAGE • 6,448 SF
      4614 Yale St, Houston, TX 77018-3325
      View Details

    Similar Nearby for Sale

    • $675,000

      Prime Location Auto Detailing Shop

      High-traffic corner location suitable for various commercial uses.
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    • $675,000
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      Prime Location Auto Detailing Shop

      Commercial building on high-traffic corner, ready for business.
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    • $1,400,000

      Prime Corner Commercial Lot

      High-traffic corner lot ideal for drive-thru, coffee shop, or retail.
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      23,132 SF

      Houston Pharmacy Sale-Leaseback

      High-Growth Area, 23,132 SF Pharmacy
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    • $2,866,633
      5,300 SF

      Prime Heights Retail Redevelopment Opportunity

      Houston C-Store & Restaurant, Vacant
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    • $599,900
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      Former Grocery Store Opportunity

      Turnkey grocery store opportunity in a prime location.
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    Similar Nearby for Lease

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      Garden Oaks Retail Space Available

      Prime Houston retail space, flexible layouts.
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      22,000 SF

      Ella Oaks Phase II Retail Center

      New Houston Retail Space - 22,000 SF
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    • Contact for pricing
      1,000 SF

      Houston Heights Retail Space

      Prime 1,000 SF Storefront Available
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    • $3,000 /Mo
      2,165 SF

      Oak Forest Townhome with Yard

      Stunning 3-bedroom townhome in Oak Forest with private fenced yard.
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    • $9 SF/Yr
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      Houston Flex Space For Rent

      Flex space available in Houston with easy highway access.
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    • Contact for pricing

      Land For Rent Houston

      Land available for rent in Houston, Texas.
      4909 34Th St, Houston, TX 77018
      View Details
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    3402 Ella Blvd
    Houston, TX 77018-6136
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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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