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    Property profile & analytics

    4014 Farmer St Houston, TX 77020-4119

    • Investment properties
    • 2,151 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2024
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    9.5%
    Investment properties
    Location Intelligence
    Property ID
    US82-4670770
    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

    • Ma Petite Fille's Creole Bistro / Creole Restaurant

    Property Details for 4014 Farmer St

    Year built
    1958
    Construction
    BRICK
    Lot size
    0.10 lot acres
    Property size
    2,151 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    513710040017
    APU
    513710040017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $475,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $487,000
      Market price range: $195k - $669k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.33
    Latitude
    29.7751
    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
    $2,409
    $83,125
    $171,078
    $254,203
    -
    $83,125
    $171,078
    $254,203

    Comparable in this City

    • Value Estimation
      $260,000
      932 SF

      7527 Anzac St

      OFFICE/RESIDENTIAL (MIXED USE) • 932 SF
      7527 Anzac St, Houston, TX 77020-7010
      View Details
    • Value Estimation
      $250,000
      720 SF

      7522 Brownsville St

      OFFICE/RESIDENTIAL (MIXED USE) • 720 SF
      7522 Brownsville St, Houston, TX 77020-3508
      View Details
    • Value Estimation
      $265,000
      795 SF

      848 Zoe St

      OFFICE/RESIDENTIAL (MIXED USE) • 795 SF
      848 Zoe St, Houston, TX 77020-6845
      View Details
    • Value Estimation
      $270,000
      823 SF

      839 Kress St

      OFFICE/RESIDENTIAL (MIXED USE) • 823 SF
      839 Kress St, Houston, TX 77020-6713
      View Details
    • Value Estimation
      $210,000
      1,100 SF

      6615 Lyons Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,100 SF
      6615 Lyons Ave, Houston, TX 77020-5130
      View Details
    • Value Estimation
      $285,000
      974 SF

      6515 Laredo St

      OFFICE/RESIDENTIAL (MIXED USE) • 974 SF
      6515 Laredo St, Houston, TX 77020-5002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.40 Acres

      East Houston 4.4-Acre Development Site

      Prime East End land, ideal for development.
      419 Jensen Dr, Houston, TX 77020
      View Details
    • $69,000

      Two Adjacent Lots in Houston

      Two adjacent unimproved lots with building potential in rapidly rising neighborhood.
      2011 Waco St, Houston, TX 77020
      View Details
    • $75,000

      Development Ready Lot Near Downtown

      6,000 SF lot near Downtown Houston ready for development.
      2506 Harlem St, Houston, TX 77020
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    • $75,000

      Cleared Lot Near Urban Development

      Fenced, cleared lot ready for building near major developments.
      610 Cage St, Houston, TX 77020
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    • $950,000

      Market Street Land Opportunity

      Land available on Market Street in Houston, Texas.
      4604 Market St, Houston, TX 77020
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    • $355,000

      Commercial Property in Houston's Fifth Ward

      Commercial property in Houston's Fifth Ward, prime for investment.
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    Similar Nearby for Lease

    • $549,000
      2,859 SF

      Midcentury Warehouse Live/Work Space

      Unique live/work space near downtown Houston with modern creator design.
      5975 Armour Dr, Houston, TX 77020
      View Details
    • Contact for pricing
      50,100 SF

      Industrial Warehouse with Outside Storage

      50,100 SF warehouse with fenced, stabilized storage.
      5702 Armour Dr, Houston, TX 77020
      View Details
    • Contact for pricing
      22,488 SF

      Retail Space in Houston

      Retail property available for lease in Houston, Texas.
      5800 Lyons Ave, Houston, TX 77020
      View Details
    • $1,100 /Mo

      Renovated Apartment Near Downtown Houston

      Recently renovated 2-bedroom apartment, conveniently located near Downtown Houston.
      5304 Arapahoe St, Houston, TX 77020
      View Details
    • $5,900 /Mo
      41,860 SF

      Prime Land with Freeway Frontage

      Land for lease with freeway frontage near Tidwell.
      Eastex Fwy, Houston, TX 77020
      View Details
    • $25 SF/Yr
      7,550 SF

      Prime Houston Medical Office Space

      7,550 SF Medical Office - Houston, TX
      2133 Lockwood Rd, Houston, TX 77020
      View Details
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    4014 Farmer St
    Houston, TX 77020-4119
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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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