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

    4102 Lamar St, Unit 4 Houston, TX 77023-1640

    • Apartment buildings
    • 2,908 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1536653
    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

    • Apartment buildings

    Property Details for 4102 Lamar St

    Year built
    1935
    Construction
    BRICK
    Lot size
    0.13 lot acres
    Property size
    2,908 SF
    Property type
    Apartment buildings
    APN
    550910000001
    APU
    550910000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $505,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $224,000
      Market price range: $181k - $289k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3379
    Latitude
    29.7417
    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
    2020
    $4,118
    $174,000
    $178,398
    $352,398
    -
    $174,000
    $178,398
    $352,398

    Comparable in this City

    • Value Estimation by Request
      3,302 SF

      1403 Godwin St, Unit 5

      APARTMENT HOUSE (5+ UNITS) • 3,302 SF
      1403 Godwin St, Houston, TX 77023-4522
      View Details
    • Value Estimation
      $310,000
      2,444 SF

      5304 Polk St, Unit 18

      APARTMENT HOUSE (5+ UNITS) • 2,444 SF
      5304 Polk St, Houston, TX 77023-1422
      View Details
    • Value Estimation
      $290,000
      3,020 SF

      7608 Elm St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,020 SF
      7608 Elm St, Houston, TX 77023-2733
      View Details
    • Value Estimation
      $320,000
      2,716 SF

      4719 Clay St, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 2,716 SF
      4719 Clay St, Houston, TX 77023-1290
      View Details
    • Value Estimation
      $295,000
      2,812 SF

      4325 Leeland St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 2,812 SF
      4325 Leeland St, Houston, TX 77023-3039
      View Details
    • Value Estimation
      $370,000
      3,420 SF

      5101 Bell St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 3,420 SF
      5101 Bell St, Houston, TX 77023-2063
      View Details

    Similar Nearby for Sale

    • $550,000

      Fully Leased Multifamily Investment Opportunity

      Seven-unit apartment complex near Downtown, Texas Medical Center, and University of Houston.
      2712 Oakcliff St, Houston, TX 77023
      View Details
    • $2,200,000

      4948 Polk St

      Multifamily properties
      4948 Polk St, Houston, TX 77023
      View Details
    • $550,000

      Fully Leased Multifamily Investment Opportunity

      Seven-unit apartment complex near Downtown Houston, 100% occupancy.
      2708 Oakcliff St, Houston, TX 77023
      View Details
    • $760,000

      Renovated Multifamily in Houston East End

      Stabilized 11-unit multifamily property near University of Houston.
      1426 Telephone Rd, Houston, TX 77023
      View Details
    • $357,500

      EADO Area Income Property

      Duplex with detached apartment in Houston's EADO area.
      4618 Clay St, Houston, TX 77023
      View Details
    • $975,000

      Renovated Multifamily Property in Eastwood

      Multi-family investment opportunity in a rapidly growing neighborhood.
      4445 Rusk St, Houston, TX 77023
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      3,281 SF

      East End Restaurant Lease Opportunity

      Prime East End location, 3,281 sq ft.
      5434 Lawndale St, Houston, TX 77023
      View Details
    • Contact for pricing
      9,852 SF

      Warehouse Space in Houston's East End

      Modern warehouse, ample parking, high ceilings.
      3915 Mckinney St, Houston, TX 77023
      View Details
    • Contact for pricing
      40,625 SF

      Houston Commercial Land - Gulf Freeway

      40,625 SF fenced lot, freeway access.
      4727 Gulf Fwy, Houston, TX 77023
      View Details
    • Contact for pricing
      101,707 SF

      Showroom/Warehouse Space Available

      82,593 SF showroom/warehouse available immediately, additional space in 2025.
      5901 Griggs Rd, Houston, TX 77023
      View Details
    • $1,995 /Mo
      2,100 SF

      Houston Commercial Space For Lease

      Versatile commercial space in Houston's East End district.
      2901 Telephone Rd, Houston, TX 77023
      View Details
    • Contact for pricing
      8,914 SF

      Endcap Retail Space Available

      Retail space with excellent visibility, estimated completion in Q2/Q3 2026.
      1001 N Wayside Dr, Houston, TX 77023
      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.
    4102 Lamar St, Unit 4
    Houston, TX 77023-1640
    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.