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    3802 Nasa Pkwy, Unit 89 El Lago, TX 77586-6303
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    Property profile & analytics

    3802 Nasa Pkwy, Unit 89, El Lago, TX 77586-6303

    View on Map
    • Garden apartment buildings
    • 11,920 SF
    • 3.50 lot acres
    Off-Market
    Last Sale Apr 7, 2022
    Property ID
    US83-3968663
    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.
    Value Estimations
    $1,155,000
    Show details
    Cap Rate Potential
    9.6%
    Garden apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 3802 Nasa Pkwy

    Year built
    1968
    Construction
    FRAME
    Lot size
    3.50 lot acres
    Property type
    Garden apartment buildings
    APN
    410080080024
    APU
    410080080024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 7, 2022 — Pelican Reef Seabrook Tx LLC First Avanti Seabrook LLC Venders Lien $100k · Washington Federal NA
    Feb 24, 2020 — First Avanti Seabrook LLC — Deed · related $5.2M · Bancorp Bk
    Aug 27, 2015 — Broadreach Seabrook LLC Bem LLC Grant Deed $3.5M · Cbre Cap Markets
    Nov 14, 2011 — Bem LLC Blue Valley Apartments INC Grant Deed · related —
    Oct 19, 2007 — Dta Properties LLC Emerald Shores Apartments LLC Grant Deed · related —
    Jan 31, 2007 — Emerald Shores Apartments LLC Emerald Shores Associates Quit Claim Deed · related $2.9M · Wells Fargo Bank
    Dec 17, 1996 — Emerald Shores Assoc Pyzyk,jon M Grant Deed · related —
    — — Bem LLC — Deed Of Trust · related $1.9M · Arbor Commercial Funding LLC
    — — First Avanti Seabrook LLC — Deed Of Trust · related $5.2M · Bancorp Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $820,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,315,000
      6.5%
      $1,215,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,089,000
      Market price range: $395k - $1.09M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $735,000
      Current use
      OFFICE BUILDING
      $1,705,000
      Change: +132% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,430,000
      Change: +95% Conversion: Moderate
      RESTAURANT
      $1,165,000
      Change: +58% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,080,000
      Change: +47% Conversion: Difficult
      RETAIL STORES
      $810,000
      Change: +10% Conversion: Difficult
      MEDICAL BUILDING
      $785,000
      Change: +7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $735,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    El Lago
    County
    Harris
    State
    Texas
    Longitude
    -95.0487
    Latitude
    29.5647
    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
    $97,462
    $1,219,680
    $4,549,794
    $5,769,474
    -
    $1,219,680
    $4,549,794
    $5,769,474

    Comparable in this City

    • Value Estimation
      $1,150,000
      11,912 SF

      1901 Lakeside Dr, Unit 132

      GARDEN APT, COURT APT (5+ UNITS)
      1901 Lakeside Dr, Seabrook, TX 77586-3325
      View Details
    • Value Estimation
      $1,800,000
      18,609 SF

      4101 Nasa Pkwy, Unit 198

      GARDEN APT, COURT APT (5+ UNITS)
      4101 Nasa Pkwy, El Lago, TX 77586-6224
      View Details
    • Value Estimation
      $835,000
      13,580 SF

      2555 Repsdorph Rd, Unit 240

      GARDEN APT, COURT APT (5+ UNITS)
      2555 Repsdorph Rd, Seabrook, TX 77586-6521
      View Details
    • Value Estimation
      $1,175,000
      12,144 SF

      2601 Repsdorph Rd, Unit 316

      GARDEN APT, COURT APT (5+ UNITS)
      2601 Repsdorph Rd, Seabrook, TX 77586-6510
      View Details
    • Value Estimation
      $4,615,000
      85,762 SF

      4601 Nasa Pkwy, Unit 296

      GARDEN APT, COURT APT (5+ UNITS)
      4601 Nasa Pkwy, Seabrook, TX 77586-5522
      View Details
    • Value Estimation
      $545,000
      5,854 SF

      3410 Nasa Pkwy, Unit 39

      GARDEN APT, COURT APT (5+ UNITS)
      3410 Nasa Pkwy, Seabrook, TX 77586-6467
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      454,600 SF

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      454,600 SF distribution building featuring 36' clear height.
      5803 Old Highway 146, Seabrook, TX 77586
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    • Contact for pricing

      Spacious Open Concept Retail Space

      Large open concept retail/office space available for lease.
      3101 Nasa Rd 1, Seabrook, TX 77586
      View Details
    • Contact for pricing
      1,153 SF

      Retail Space in Seabrook, TX

      Open concept retail space near major developments in Seabrook, TX.
      3101 Nasa Rd 1, Seabrook, TX 77586
      View Details
    • Contact for pricing
      1,392 SF

      Retail/Office Space in Old Seabrook

      Adaptable retail or office spaces in a historic location.
      1105 Moskowitz Ave, Seabrook, TX 77586
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Excellent commercial potential with superior access and high visibility.
      3100 Nasa Rd 1, Seabrook, TX 77586
      View Details
    • Contact for pricing

      Seabrook Flex Space Opportunity

      Versatile flex space with negotiable yard in prime location.
      1904 Hialeah Dr, Seabrook, TX 77586
      View Details
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    El Lago, TX 77586-6303
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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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