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    Property profile & analytics

    3700 Kingwood Dr, Unit 390 Humble, TX 77339-3721

    • Garden apartment buildings
    • 12,536 SF
    • 26.50 lot acres
    OFF-MARKET
    Value Estimations
    $1,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2331163
    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

    • KINGOOD APARTMENTS / Apartment Complex
    • We Can Fix 4 U / Electrical Service / General Contractor
    • Mike and Max's Mobile Lube Service / Auto Repair Shop
    • Kingwood Lakes Apartments / Apartment Complex / Apartment Building
    • Evolving Icons / Clothing Store

    Property Details for 3700 Kingwood Dr

    Year built
    1980
    Construction
    FRAME
    Lot size
    26.50 lot acres
    Property size
    12,536 SF
    Property type
    Garden apartment buildings
    APN
    1143330010100
    APU
    1143330010100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,280,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,033,000
      Market price range: $434k - $1.03M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $765,000
      Current use
      OFFICE BUILDING
      $1,515,000
      Change: +98% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,360,000
      Change: +77% Conversion: Difficult
      RESTAURANT
      $1,215,000
      Change: +59% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $860,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $800,000
      Change: +5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $725,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.1943
    Latitude
    30.0425
    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
    $597,594
    $6,926,040
    $37,890,519
    $44,816,559
    -
    $6,926,040
    $37,890,519
    $44,816,559

    Comparable in this City

    • Value Estimation
      $1,150,000
      14,216 SF

      2921 Sycamore Spgs Dr, Unit 136

      GARDEN APT, COURT APT (5+ UNITS) • 14,216 SF
      2921 Sycamore Spgs Dr, Kingwood, TX 77339-1305
      View Details
    • Value Estimation
      $2,850,000
      30,882 SF

      938 Kingwood Dr, Unit 312

      GARDEN APT, COURT APT (5+ UNITS) • 30,882 SF
      938 Kingwood Dr, Humble, TX 77339-4458
      View Details
    • Value Estimation
      $1,620,000
      21,160 SF

      938 Kingwood Dr

      GARDEN APT, COURT APT (5+ UNITS) • 21,160 SF
      938 Kingwood Dr, Kingwood, TX 77339-4445
      View Details
    • Value Estimation
      $1,390,000
      15,072 SF

      2911 Sycamore Spgs Dr, Unit 168

      GARDEN APT, COURT APT (5+ UNITS) • 15,072 SF
      2911 Sycamore Spgs Dr, Humble, TX 77339-1395
      View Details
    • Value Estimation
      $730,000
      4,408 SF

      200 Kellington N Dr

      GARDEN APT, COURT APT (5+ UNITS) • 4,408 SF
      200 Kellington N Dr, Kingwood, TX 77339-1567
      View Details
    • Value Estimation
      $4,910,000
      256,275 SF

      2302 Ladbrook Dr, Unit 150

      GARDEN APT, COURT APT (5+ UNITS) • 256,275 SF
      2302 Ladbrook Dr, Humble, TX 77339-3145
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Unrestricted Land on Loop 494

      Three unrestricted acres available on Loop 494 in Kingwood.
      22100 Loop 494, Houston, TX 77339
      View Details
    • Contact for pricing

      Remodeled Office Building in Kingwood

      Remodeled Class B office building in the heart of Kingwood.
      2313 Timber Shadows Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing
      55,161 SF

      Land for Lease or Sale

      Pad sites available near new H-E-B and residential developments.
      Woodland Hills Dr, Humble, TX 77339
      View Details
    • Contact for pricing

      6 Acre Kingwood Land Tract

      6 acre land tract in Kingwood, Texas available for sale.
      Kingwood Pl Dr@ Future Creswell Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      152,460 SF

      Kingwood Land Tract For Sale

      3.5 acre land tract in Kingwood, Texas available for purchase.
      Woodford Pl Dr, Houston, TX 77339
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      HEB Anchored Retail Center

      Retail spaces available in HEB anchored shopping center.
      19529 Northpark Dr, Humble, TX 77339
      View Details
    • Contact for pricing

      Retail Center on Loop 494

      Retail space available in a busy Houston shopping center.
      22704 Loop, Houston, TX 77339
      View Details
    • Contact for pricing

      Medical Building Near HCA Kingwood

      Freestanding medical building with flexible spaces for lease.
      19701 Kingwood Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Office Spaces Available for Rent

      Office spaces available, ranging from 1,500 to 10,100 SqFt.
      23051 Kingwood Place Dr, Houston, TX 77339
      View Details
    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces available, ranging from 1,082 to 2,231 SqFt.
      1801 Kingwood Dr, Houston, TX 77339
      View Details
    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces available, ranging from 215 to 1,433 SqFt.
      2330 Timber Shadows Dr, Kingwood, TX 77339
      View Details
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    Humble, TX 77339-3721
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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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