Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3920 Garth Rd Baytown, TX 77521-3106

    • Drug stores
    • 16,245 SF
    • 1.45 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2023
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2471216
    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

    • Walgreens / Cosmetics Store / Greeting Card Shop
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • FedEx OnSite / Mailing Service
    • Malini S. Pilli, RPh / Pharmacy
    • Rasul Dickey, Pharm / Pharmacy

    Property Details for 3920 Garth Rd

    Year built
    1993
    Construction
    BRICK
    Lot size
    1.45 lot acres
    Property size
    16,245 SF
    Property type
    Drug stores
    APN
    451440020538
    APU
    451440020538

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -94.977
    Latitude
    29.7659
    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
    $9,381
    $885,528
    $1,142,698
    $2,028,226
    -
    $885,528
    $1,142,698
    $2,028,226

    Comparable in this City

    • Value Estimation
      $395,000
      12,936 SF

      3923 Garth Rd

      DRUG STORE, PHARMACY • 12,936 SF
      3923 Garth Rd, Baytown, TX 77521-3105
      View Details
    • Value Estimation
      $395,000
      15,649 SF

      7216 Garth Rd

      DRUG STORE, PHARMACY • 15,649 SF
      7216 Garth Rd, Baytown, TX 77521-8705
      View Details
    • Value Estimation by Request
      504 SF

      2323 Ellis School Rd

      RETAIL STORES (PERSONAL SERVICES) • 504 SF
      2323 Ellis School Rd, Baytown, TX 77521-1276
      View Details
    • Value Estimation
      $650,000
      116,317 SF

      6430 Garth Rd

      GROCERY, SUPERMARKET • 116,317 SF
      6430 Garth Rd, Baytown, TX 77521-9638
      View Details
    • Value Estimation
      $1,290,000
      135,102 SF

      6315 Garth Rd

      GROCERY, SUPERMARKET • 135,102 SF
      6315 Garth Rd, Baytown, TX 77521-9686
      View Details
    • Value Estimation
      $255,000
      884 SF

      3506 Creekbend Dr

      RETAIL STORES (PERSONAL SERVICES) • 884 SF
      3506 Creekbend Dr, Baytown, TX 77521-4006
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,658 SF

      Baytown Showroom and Office Space

      Meticulously maintained showroom and office space on 2 acres.
      126 W Cedar Bayou Lynchburg Rd, Baytown, TX 77521
      View Details
    • $505,000

      Baytown Land Investment Opportunity

      Over 6 acres in Baytown, suitable for various developments.
      1817 W Cedar Bayou Lynchburg Rd, Baytown, TX 77521
      View Details
    • $6,800,000

      Retail Center Shares Aldi Access

      Retail center in high-traffic Houston suburb with diverse tenant mix.
      5623 Garth Rd, Baytown, TX 77521
      View Details
    • $1,300,000
      4,000 SF

      Baytown Mixed-Use Property

      Prime Baytown location, versatile space.
      126 Cedar Bayou Lynchburg Rd, Baytown, TX 77521
      View Details
    • Contact for pricing
      1.54 Acres

      Baytown Retail Center: Prime Location

      1.54 Acres, Shell Condition, High Visibility
      3320 Main St, Baytown, TX 77521
      View Details
    • $4,750,000
      17,952 SF

      Baytown Automotive Sales Facility Available

      Former car dealership location on I-10 in Baytown, Texas.
      4221 East Fwy, Baytown, TX 77521
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      2,700 SF

      Baytown Retail Space for Lease

      High-traffic retail space, two units available.
      4349 Main St, Baytown, TX 77521
      View Details
    • $15 SF/Yr
      1,327 SF

      Baytown Shell Space For Lease

      Shell space suitable for office, medical, or retail use.
      4518 North Main St, Baytown, TX 77521
      View Details
    • Contact for pricing
      4,937 SF

      Baytown Retail Space Available

      Retail space available for lease in Baytown, Texas.
      4553 Garth Rd, Baytown, TX 77521
      View Details
    • $25 SF/Yr
      2,002 SF

      Retail Space on Baker Road

      Retail space available for lease in Baytown, Texas.
      407 Baker Rd, Baytown, TX 77521
      View Details
    • Contact for pricing
      83,042 SF

      Retail Space in Baytown, Texas

      Retail property available for lease in Baytown, Texas.
      6515 Garth Rd, Baytown, TX 77521
      View Details
    • Contact for pricing
      96,162 SF

      Baytown Retail Center Investment Opportunity

      HEB-anchored, new construction; two suites available.
      6430 Garth Rd, Baytown, TX 77521
      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.
    3920 Garth Rd
    Baytown, TX 77521-3106
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.