Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 Mccarty St Houston, TX 77029-1038

    • Warehouses
    • 6,000 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Feb 29, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3424273
    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

    • Perez brothes Truck & trailer parts / Auto Parts Store / Big Box & Wholesale Store

    Property Details for 3500 Mccarty St

    Year built
    1975
    Construction
    METAL FRAME
    Lot size
    0.70 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    APN
    410700010243
    APU
    410700010243

    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
    -95.2753
    Latitude
    29.7922
    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
    2023
    $10,418
    $91,332
    $549,062
    $640,394
    -
    $91,332
    $549,062
    $640,394

    Comparable in this City

    • Value Estimation
      $1,635,000
      139,131 SF

      8787 Wallisville Rd

      WAREHOUSE, STORAGE • 139,131 SF
      8787 Wallisville Rd, Houston, TX 77029-1315
      View Details
    • Value Estimation by Request
      6,000 SF

      8025 Market St

      WAREHOUSE, STORAGE • 6,000 SF
      8025 Market St, Houston, TX 77029-2411
      View Details
    • Value Estimation
      $1,175,000
      17,406 SF

      2019 Mccarty St

      WAREHOUSE, STORAGE • 17,406 SF
      2019 Mccarty St, Houston, TX 77029-3884
      View Details
    • Value Estimation
      $1,225,000
      20,237 SF

      950 Mccarty St

      WAREHOUSE, STORAGE • 20,237 SF
      950 Mccarty St, Houston, TX 77029-2424
      View Details
    • Value Estimation by Request
      9,540 SF

      2232 Daugherty St

      WAREHOUSE, STORAGE • 9,540 SF
      2232 Daugherty St, Houston, TX 77029-3814
      View Details
    • Value Estimation by Request
      2,500 SF

      10950 Ee Fwy

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      10950 Ee Fwy, Houston, TX 77029-1912
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Houston Industrial Land - BTS

      Build-to-suit land, prime Houston location.
      1 To 12.4 Acres, Houston, TX 77029
      View Details
    • $72,500

      Houston Residential Lot - 7813 sq ft

      Build your dream home, no HOA! Prime Houston location.
      1018 Calloway St, Houston, TX 77029
      View Details
    • Contact for pricing
      80,792 SF

      Gellhorn Drive Warehouse with Storage

      80,792 SF warehouse with fenced outside storage and office.
      635 Gellhorn Dr, Houston, TX 77029
      View Details
    • $105,000

      Commercial Lot with Storage Containers

      Commercial lot for sale with included storage containers.
      9838 Fillmore St, Houston, TX 77029
      View Details
    • $65,000

      Commercial Land Available For Sale

      Commercial land available for sale.
      334 Connecticut St, Houston, TX 77029
      View Details
    • $57,000

      Land for Sale

      Land available for sale in Houston, TX.
      9720 Bucroft St, Houston, TX 77029
      View Details

    Similar Nearby for Lease

    • $0.45 SF/Yr
      48,000 SF

      Industrial Space Available For Lease

      48,000 SF industrial space with docks and drive-in.
      9990 East Fwy, Houston, TX 77029
      View Details
    • Contact for pricing
      25,368 SF

      Industrial Warehouse Space Available

      25,368 SF industrial space for lease in Houston, TX.
      1819 Turning Basin Dr, Houston, TX 77029
      View Details
    • $7 SF/Yr
      80,792 SF

      Houston Warehouse: 80,792 SF

      Large industrial warehouse for lease in Houston.
      635 Gellhorn Dr, Houston, TX 77029
      View Details
    • Contact for pricing
      40,299 SF

      Houston Coworking Space Available

      Large Houston warehouse/office space for lease.
      9133- Wallisville Rd, Houston, TX 77029
      View Details
    • Contact for pricing
      5,000 SF

      Houston Warehouse Space Available

      5,000 square foot warehouse space for lease in Houston.
      7875 Market Street Rd, Houston, TX 77029
      View Details
    • Contact for pricing

      Houston Distribution Space Available For Lease

      25,949 SF distribution space with convenient highway access.
      9133-9159 Wallisville Rd, Houston, TX 77029
      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.
    3500 Mccarty St
    Houston, TX 77029-1038
    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.
    Sign Up Successful!
    You now have access to more from Realmo!