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

    3623 Fm 2403rd Rd Alvin, TX 77511-9288

    • Auto shops
    • 2,400 SF
    • 4.89 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2961277
    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

    • Hunter's Auto Salvage / Used Auto Parts Store

    Property Details for 3623 Fm 2403rd Rd

    Year built
    1982
    Lot size
    4.89 lot acres
    Property size
    2,400 SF
    Property type
    Auto shops
    APN
    0480-0075-006
    APU
    4800075006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $269,000
      Market price range: $124k - $397k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $285,000
      Current use
      COMMERCIAL (GENERAL)
      $525,000
      Change: +84% Conversion: Moderate
      OFFICE BUILDING
      $315,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $275,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2529
    Latitude
    29.3785
    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
    2018
    $3,296
    $305,090
    $49,300
    $354,390
    -
    $305,090
    $49,300
    $354,390

    Comparable in this City

    • Value Estimation
      $570,000
      7,899 SF

      130 Byp 35

      AUTO REPAIR, GARAGE • 7,899 SF
      130 Byp 35, Alvin, TX 77511-2529
      View Details
    • Value Estimation
      $240,000
      1,624 SF

      618 Hwy 6th 6

      AUTO REPAIR, GARAGE • 1,624 SF
      618 Hwy 6th 6, Alvin, TX 77511-5643
      View Details
    • Value Estimation
      $350,000
      2,160 SF

      2660 Byp 35

      AUTO REPAIR, GARAGE • 2,160 SF
      2660 Byp 35, Alvin, TX 77511-4706
      View Details
    • Value Estimation
      $340,000
      6,600 SF

      201 County Rd 129c

      AUTO REPAIR, GARAGE • 6,600 SF
      201 County Rd 129c, Alvin, TX 77511
      View Details
    • Value Estimation
      $300,000
      1,125 SF

      603 Sealy St

      AUTO REPAIR, GARAGE • 1,125 SF
      603 Sealy St, Alvin, TX 77511-2261
      View Details
    • Value Estimation
      $310,000
      1,728 SF

      805 Gordon St

      AUTO REPAIR, GARAGE • 1,728 SF
      805 Gordon St, Alvin, TX 77511-5532
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,891 SF

      Alvin Auto Care: Turnkey Business

      Established Auto Shop, Prime Location, High Visibility
      817 Gordon St, Alvin, TX 77511
      View Details
    • $975,000

      Stabilized Parking Facility in Alvin, TX

      Fully stabilized storage and parking facility in rapidly expanding Alvin, TX.
      18501 Tx-6, Alvin, TX 77511
      View Details
    • Contact for pricing
      12,680 SF

      Prime Alvin Exxon & Land

      High-traffic Exxon station, 48 acres, Texas.
      4823 Tx-35, Alvin, TX 77511
      View Details
    • $499,000
      3,410 SF

      Renovated Car Wash "BARWASH"

      Renovated car wash in historical Alvin, potential for various businesses.
      503 W Sealy St, Alvin, TX 77511
      View Details
    • $2,000,000
      5,824 SF

      Mustang Bayou Plaza: Alvin, TX

      Mixed-use property; prime Alvin location.
      824 Adoue St, Alvin, TX 77511
      View Details
    • $3,285,714
      4,200 SF

      McDonald's Ground Lease Investment

      High-yield McDonald's NNN lease in Texas.
      2150 Highway 6, Alvin, TX 77511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,455 SF

      Retail Space in Alvin, TX

      Retail space available in a well-located Alvin shopping center.
      1200-1232 Fm 1462 Rd, Alvin, TX 77511
      View Details
    • Contact for pricing
      91,360 SF

      Fairway Shopping Center: Retail Opportunity

      High-visibility retail center; 91,360 sq ft; Hwy 35 frontage.
      1701 Fairway Dr, Alvin, TX 77511
      View Details
    • Contact for pricing
      76,468 SF

      Alvin Towne Center: Retail Investment Opportunity

      Thriving Alvin retail center; two spaces available.
      200-324 House St, Alvin, TX 77511
      View Details
    • Contact for pricing
      10,000 SF

      Established Gun Range & Retail

      Turnkey gun range and retail business in 10,000 sqft facility.
      1204-1232 Fm 1462 Rd, Alvin, TX 77511
      View Details
    • Contact for pricing
      108,438 SF

      Highland Square Retail Center

      Prime Alvin, TX retail space available.
      3100 Tx-35, Alvin, TX 77511
      View Details
    • Contact for pricing
      60,000 SF

      Retail Space in Fairway Plaza

      Retail space for lease in a busy shopping center.
      1701 Fairway Drive Ext, Alvin, TX 77511
      View Details
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    Alvin, TX 77511-9288
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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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