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    Property profile & analytics

    3460 Fm 1960th E Rd Humble, TX 77338-5320

    • Office buildings
    • 5,280 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0623409
    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

    • InHerGhee Hair Studio / Hair Salon
    • Cutting Edge Barber Studio / Barber Shop
    • Bella-VF-Salon Latina Veteran Woman Owned / Hair Salon / Nail Salon
    • Sonya Renee Hair Studio / Hair Salon / Nail Salon
    • Herb Caffey - Texcom Realty, Inc. / Real Estate Agency

    Property Details for 3460 Fm 1960th E Rd

    Year built
    2016
    Construction
    WOOD FRAME
    Lot size
    1.00 lot acres
    Property size
    5,280 SF
    Property type
    Office buildings
    APN
    420800000272
    APU
    420800000272

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,500,000
      Market price range: $298k - $2.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2211
    Latitude
    29.9989
    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
    $4,659
    $108,900
    $533,504
    $642,404
    -
    $108,900
    $533,504
    $642,404

    Comparable in this City

    • Value Estimation
      $1,980,000
      8,205 SF

      327 Wilson Rd

      OFFICE BUILDING • 8,205 SF
      327 Wilson Rd, Humble, TX 77338-4911
      View Details
    • Value Estimation
      $8,515,000
      35,260 SF

      18600 Lee Rd

      OFFICE BUILDING • 35,260 SF
      18600 Lee Rd, Humble, TX 77338-4172
      View Details
    • Value Estimation
      $1,205,000
      5,426 SF

      19410 Kenswick Dr

      OFFICE BUILDING • 5,426 SF
      19410 Kenswick Dr, Humble, TX 77338-8147
      View Details
    • Value Estimation
      $7,270,000
      38,115 SF

      20202 Hwy 59th N

      OFFICE BUILDING • 38,115 SF
      20202 Hwy 59th N, Humble, TX 77338-2402
      View Details
    • Value Estimation
      $1,970,000
      10,288 SF

      1906 Treble Dr

      OFFICE BUILDING • 10,288 SF
      1906 Treble Dr, Humble, TX 77338-5285
      View Details
    • Value Estimation
      $1,275,000
      5,648 SF

      8810 Will Clayton Pkwy

      OFFICE BUILDING • 5,648 SF
      8810 Will Clayton Pkwy, Humble, TX 77338-5817
      View Details

    Similar Nearby for Sale

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      Humble Medical Office Building For Sale

      Well-located medical office building in Humble's Lake Houston medical corridor.
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      View Details
    • Contact for pricing
      253 SF

      Atascocita Two-Story Office Building

      Two-story office building with short-term leases in Atascocita.
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      Humble Office Building For Sale

      Professional office building on a high-visibility corner lot.
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      View Details
    • Contact for pricing

      Humble Office Building For Sale

      Office building in Humble's Historic District, suitable for professional practice.
      116 Avenue C, Humble, TX 77338
      View Details
    • Contact for pricing
      36,825 SF

      Humble Office Complex: Prime Location

      Two-building office complex, 36,825 SF, vacant.
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      Turnkey Medical Facility with Expansion

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    Similar Nearby for Lease

    • Contact for pricing
      1,879 SF

      Humble Office Building For Lease

      Four-story office building in Northeast Houston, near IAH Airport.
      8811 Fm 1960 Bypass Rd W, Humble, TX 77338
      View Details
    • $18 SF/Yr
      28,673 SF

      Humble Office Building - Highway 59

      Prime Humble Office Space Available
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      View Details
    • $22 SF/Yr
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      Chase Bank Office Building: Humble, TX

      Prime Office Space: Downtown Humble
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    • $21 SF/Yr
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      Deerbrook Office Building For Lease

      Prime Northeast Houston Office Space
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      2,222 SF

      Prime Medical Office Space Humble, TX

      Exceptional Dental Office Suite - Ready to Lease
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    • Contact for pricing
      2,930 SF

      Humble Office Space For Rent

      Office space featuring a double door lobby entry and kitchen.
      9802-9810 Fm 1960 Bypass Rd, Humble, TX 77338
      View Details
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    Humble, TX 77338-5320
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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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