Add Listing
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

    3501 Alabama St Houston, TX 77027-6034

    • Office buildings
    • 12,077 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4023411
    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

    • MKG Art Management / Art Gallery / Appraiser
    • Beautiful U Bridal Veil / Clothing & Fashion Store
    • Olympus/Nelson Property Management Co. / Real Estate Agency / Property Management Company
    • M Kidd Properties, Inc. / Real Estate Agency
    • Texas Methodist Foundation / Charitable Organization

    Property Details for 3501 Alabama St

    Year built
    1968
    Construction
    BRICK
    Lot size
    0.41 lot acres
    Property size
    12,077 SF
    Property type
    Office buildings
    APN
    660310010001
    APU
    660310010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $697,000
      Market price range: $70.4k - $1.13M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $645,000
      Current use
      MEDICAL BUILDING
      $770,000
      Change: +19% Conversion: Easy
      WAREHOUSE, STORAGE
      $590,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4332
    Latitude
    29.738
    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
    $35,263
    $1,796,800
    $629,231
    $2,426,031
    -
    $1,796,800
    $629,231
    $2,426,031

    Comparable in this City

    • Value Estimation
      $3,370,000
      405,844 SF

      2000 Ww S Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 405,844 SF
      2000 Ww S Loop, Houston, TX 77027-3513
      View Details
    • Value Estimation
      $6,340,000
      176,160 SF

      2100 Ww S Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 176,160 SF
      2100 Ww S Loop, Houston, TX 77027-3515
      View Details
    • Value Estimation
      $12,505,000
      360,228 SF

      1177 Ww S Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 360,228 SF
      1177 Ww S Loop, Houston, TX 77027-9006
      View Details
    • Value Estimation
      $2,550,000
      154,132 SF

      4615 Swsw Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 154,132 SF
      4615 Swsw Fwy, Houston, TX 77027-7108
      View Details
    • Value Estimation
      $2,590,000
      109,040 SF

      4140 Swsw Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 109,040 SF
      4140 Swsw Fwy, Houston, TX 77027-7311
      View Details
    • Value Estimation by Request
      11,356 SF

      2 Briar Dl Ct

      OFFICE BUILDING • 11,356 SF
      2 Briar Dl Ct, Houston, TX 77027-2904
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Architecturally Significant Houston Office Building

      Class A office building in Houston's Galleria district.
      2425 West Loop South, Houston, TX 77027
      View Details
    • Contact for pricing
      760 SF

      Houston Office Building For Lease

      81,505 SF office building in Houston, Texas for lease.
      3000 Weslayan St, Houston, TX 77027
      View Details
    • Contact for pricing

      Office Space For Lease

      Office property with space available for lease.
      520 Post Oak Blvd, Houston, TX 77027
      View Details
    • $142,877

      Condo in Upscale Inner Loop

      Condo in walkable neighborhood near dining and shopping.
      3938 W Alabama St, Houston, TX 77027
      View Details
    • $250,000

      Updated Condo Near Highland Village

      Updated condo with treetop views, near shopping and restaurants.
      3924 W Alabama St, Houston, TX 77027
      View Details
    • $319,000
      1,582 SF

      Luxury Condo Near Galleria

      Executive-style condo with private balcony near Galleria and downtown.
      58 Briar Hollow Ln, Houston, TX 77027
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Loop Office Building For Rent

      Nine-story office building with park, pond, and ample parking.
      1455 Loop W, Houston, TX 77027
      View Details
    • Contact for pricing

      Premier Medical Office Space

      Four-story medical office building in Greenway Plaza with move-in ready suites.
      3100 Weslayan St, Houston, TX 77027
      View Details
    • Contact for pricing
      140 SF

      Office Space Available For Rent

      Office space available for rent, approximately 294 square feet.
      4848 Guiton St, Houston, TX 77027
      View Details
    • Contact for pricing

      Prime Uptown Houston Office Space

      Prestigious office space with excellent connections in Uptown Houston.
      2100 West Loop South, Houston, TX 77027
      View Details
    • Contact for pricing

      Post Oak Boulevard Office Space

      Office spaces available for lease in Galleria/Uptown Houston.
      520 Post Oak Blvd, Houston, TX 77027
      View Details
    • Contact for pricing

      West Loop

      Discover many ways to work your way in South Shore
      2100 West Loop, Houston, TX 77027
      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.
    3501 Alabama St
    Houston, TX 77027-6034
    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!