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    400 N 11Th St La Porte, TX 77571
    Property profile & analytics

    400 N 11Th St, La Porte, TX 77571

    View on Map
    • Warehouses
    • 24,000 SF
    • 2.11 lot acres
    For Sale
    $1,055,000
    View Listing →
    Office/Flex Space For Lease For Sale
    $1,055,000
    6,000 SF

    Office/Flex Space For Lease

    6,000 SF office/flex space ideal for light assembly.

    400 10th Street, La Porte, TX
    View Listing
    Property ID
    US82-4544293
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 400 N 11Th St

    Year built
    1982
    Construction
    METAL FRAME
    Lot size
    2.11 lot acres
    Property type
    Warehouses
    APN
    232120950001
    APU
    232120950001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,222,000
      Market price range: $666k - $1.78M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,165,000
      Current use
      MEDICAL BUILDING
      $1,580,000
      Change: +36% Conversion: Difficult
      OFFICE BUILDING
      $1,485,000
      Change: +28% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,225,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.0304
    Latitude
    29.6698
    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
    2023
    $20,977
    $920,000
    $1,579,720
    $2,499,720
    -
    $920,000
    $1,579,720
    $2,499,720

    Comparable in this City

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      1,680 SF

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      WAREHOUSE, STORAGE
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      2,864 SF

      1727 Broadway St

      WAREHOUSE, STORAGE
      1727 Broadway St, La Porte, TX 77571-6507
      View Details
    • Value Estimation
      $560,000
      8,665 SF

      1802 Hwy 146th N

      WAREHOUSE, STORAGE
      1802 Hwy 146th N, La Porte, TX 77571-3324
      View Details
    • Value Estimation by Request
      7,140 SF

      208 2nd St

      WAREHOUSE, STORAGE
      208 2nd St, La Porte, TX 77571-5129
      View Details
    • Value Estimation
      $825,000
      17,052 SF

      1515 Barbours Cut Blvd

      WAREHOUSE, STORAGE
      1515 Barbours Cut Blvd, La Porte, TX 77571-3015
      View Details
    • Value Estimation by Request
      3,524 SF

      126 Brownell St

      WAREHOUSE, STORAGE
      126 Brownell St, La Porte, TX 77571-3569
      View Details

    Similar Nearby for Sale

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      40,000 SF

      Industrial Flex Space Available

      40,000 SF industrial flex space in La Porte, TX
      400 N 10Th St, La Porte, TX 77571
      View Details
    • Contact for pricing
      300,000 SF

      New Flex Space Under Construction

      Flex and industrial spaces for lease in La Porte, TX.
      Sens Rd, La Porte, TX 77571
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    • Contact for pricing
      40,000 SF

      Office/Flex Space For Lease

      6,000 SF office/flex space ideal for light assembly.
      400 N 11Th St, La Porte, TX 77571
      View Details
    • $338,400

      Turnkey Duplex in La Porte

      Upgraded duplex on a spacious lot with development potential.
      317-319 E B St, La Porte, TX 77571
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    • Contact for pricing

      Prime Pad Sites on Highway

      High-visibility commercial land ideal for retail or restaurant development.
      W Fairmont Pkwy, La Porte, TX 77571
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    Similar Nearby for Lease

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      La Porte Industrial Warehouse Space

      21,000 SF industrial warehouse on 2.3 acres for lease.
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      View Details
    • Contact for pricing
      6,850 SF

      Renovated Flex Space Available

      Recently renovated flex space with office and warehouse components.
      420 South 16Th St, La Porte, TX 77571
      View Details
    • Contact for pricing
      1,500 SF

      La Porte Flex Space Available

      Flex space available for lease in La Porte, Texas.
      400-429 N 11Th St, La Porte, TX 77571
      View Details
    • Contact for pricing

      Industrial Space For Sublease

      113,000 SF industrial space with office for sublease.
      359 Pike Ct, La Porte, TX 77571
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    • Contact for pricing
      60,925 SF

      La Porte Warehouse Space Available

      60,925 SF warehouse with immediate highway access.
      860 Sens Rd, La Porte, TX 77571
      View Details
    • Contact for pricing
      113,000 SF

      Industrial Space For Sublease

      113,000 SF industrial space with office for sublease.
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      View Details
    View Listing
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    La Porte, TX 77571
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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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    400 N 11Th St, La Porte, TX, 77571
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