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

    4005 Irvington Blvd, Unit 14 Houston, TX 77009-4045

    • Apartment buildings
    • 9,480 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Feb 12, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2303340
    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

    • David Hulsey Realtors / Real Estate Agency

    Property Details for 4005 Irvington Blvd

    Year built
    1961
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    9,480 SF
    Property type
    Apartment buildings
    APN
    211760460013
    APU
    211760460013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3613
    Latitude
    29.797
    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
    $15,678
    $363,000
    $525,771
    $888,771
    -
    $363,000
    $525,771
    $888,771

    Comparable in this City

    • Value Estimation by Request
      2,901 SF

      805 Euclid St, Unit 5

      APARTMENT HOUSE (5+ UNITS) • 2,901 SF
      805 Euclid St, Houston, TX 77009-7169
      View Details
    • Value Estimation by Request
      3,546 SF

      2502 White Oak Dr, Unit 5

      APARTMENT HOUSE (5+ UNITS) • 3,546 SF
      2502 White Oak Dr, Houston, TX 77009-7342
      View Details
    • Value Estimation by Request
      6,102 SF

      1016 7th St, Unit 9

      APARTMENT HOUSE (5+ UNITS) • 6,102 SF
      1016 7th St, Houston, TX 77009-7159
      View Details
    • Value Estimation by Request
      6,896 SF

      1914 Cochran St, Unit 10

      APARTMENT HOUSE (5+ UNITS) • 6,896 SF
      1914 Cochran St, Houston, TX 77009-8468
      View Details
    • Value Estimation by Request
      2,979 SF

      1202 Brks St

      APARTMENT HOUSE (5+ UNITS) • 2,979 SF
      1202 Brks St, Houston, TX 77009-8809
      View Details
    • Value Estimation by Request
      3,352 SF

      1811 Cmn St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,352 SF
      1811 Cmn St, Houston, TX 77009-8655
      View Details

    Similar Nearby for Sale

    • $650,000

      Downtown Houston Multifamily Investment Opportunity

      Five units in three buildings near Downtown Houston.
      1501 Noble St, Houston, TX 77009
      View Details
    • $450,000

      Craftsman Multi-Family Project Near Downtown

      Two-story, multi-family property near downtown Houston with cashflow potential.
      1310 Lorraine St, Houston, TX 77009
      View Details
    • $1,199,000

      Multifamily Complex with Remodeled Units

      Eight-unit multifamily complex featuring remodeled units and strong income potential.
      2514 Gano St, Houston, TX 77009
      View Details
    • $195,000

      Updated Condo in Gated Community

      Charming 2-bed, 1-bath condo with updated features and amenities.
      1860 White Oak Dr, Houston, TX 77009
      View Details
    • $599,900

      Multi-Unit Home Near Downtown Houston

      Four-unit home with garage apartments near Downtown Houston.
      1517 Gentry St, Houston, TX 77009
      View Details
    • $289,000

      Duplex Near Downtown Houston

      Duplex in thriving Near Northside, minutes from downtown Houston.
      308 James St, Houston, TX 77009
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Heights Area Warehouse Space Available

      Warehouse space available south of Loop 610 in the Heights.
      927 Winston St, Houston, TX 77009
      View Details
    • Contact for pricing

      Industrial Land and Warehouse Space

      4.7 acres with 59,000 SF warehouse space available.
      4909 Fulton St, Houston, TX 77009
      View Details
    • $8 SF/Yr
      25,862 SF

      Gated Parking and Showroom Space

      31,000 SF gated parking with showroom and office space.
      2500 North Fwy, Houston, TX 77009
      View Details
    • $27 SF/Yr
      339 SF

      Modern Office Space For Rent

      Modern two-story office building with flexible leasing options and high visibility.
      6300 N Main St, Houston, TX 77009
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Houston Center

      1500 SF retail space in established Houston neighborhood.
      1117 Collingsworth St, Houston, TX 77009
      View Details
    • Contact for pricing
      1,248 SF

      Retail Space Available For Rent

      Retail space available for rent in Houston, TX.
      2645 N Main St, Houston, TX 77009
      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.
    4005 Irvington Blvd, Unit 14
    Houston, TX 77009-4045
    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.