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    4555 Homestead Rd Houston, TX 77028-5838
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    4555 Homestead Rd Houston, TX 77028-5838

    View on Map
    • Distribution centers
    • 52,504 SF
    • 2.70 lot acres
    Off-Market
    Property ID
    US82-4746209
    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
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Core Refractory Systems / Factory / Industrial Manufacturer
    • Paradigm Pumps & Technologies, Inc / (Bike/Boat/Book/etc) Store
    • Haag/Chamcory Enterprise INC / Warehouse & Storage
    • Surevoid Products, inc. / Building Supply / Factory

    Property Details for 4555 Homestead Rd

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    2.70 lot acres
    Property size
    52,504 SF
    Property type
    Distribution centers
    APN
    402640020085
    APU
    402640020085

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,433,000
      Market price range: $1.14M - $5.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3027
    Latitude
    29.8031
    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
    $44,426
    $587,340
    $1,813,248
    $2,400,588
    -
    $587,340
    $1,813,248
    $2,400,588

    Comparable in this City

    • Value Estimation by Request
      5,555 SF

      4847 Homestead Rd

      Distribution properties • 5,555 SF
      4847 Homestead Rd, Houston, TX 77028
      View Details
    • Value Estimation
      $4,785,000
      182,586 SF

      4749 Eastpark Dr

      DISTRIBUTION WAREHOUSE • 182,586 SF
      4749 Eastpark Dr, Houston, TX 77028-5927
      View Details
    • Value Estimation
      $2,865,000
      46,170 SF

      4348 Eastpark Dr

      DISTRIBUTION WAREHOUSE • 46,170 SF
      4348 Eastpark Dr, Houston, TX 77028-5920
      View Details
    • Value Estimation
      $2,290,000
      35,280 SF

      4541 Homestead Rd

      DISTRIBUTION WAREHOUSE • 35,280 SF
      4541 Homestead Rd, Houston, TX 77028-5819
      View Details
    • Value Estimation
      $3,420,000
      55,950 SF

      7413 Mesa Dr

      DISTRIBUTION WAREHOUSE • 55,950 SF
      7413 Mesa Dr, Houston, TX 77028-3521
      View Details
    • Value Estimation
      $1,575,000
      24,356 SF

      4545 Darien St

      DISTRIBUTION WAREHOUSE • 24,356 SF
      4545 Darien St, Houston, TX 77028-5911
      View Details

    Similar Nearby for Sale

    • $583,000

      Industrial Land Package For Sale

      30,601 SF industrial land near Rand St. and North Loop.
      00 Rand St, Houston, TX 77028
      View Details
    • Contact for pricing

      Truck Parking Facility on 13 Acres

      13-acre truck parking facility with easy access to major thoroughfares.
      8735 Howton St, Houston, TX 77028
      View Details
    • Contact for pricing
      7,200 SF

      Flex Warehouse Spaces For Sale

      Flex warehouse spaces available for sale in Houston, TX.
      8214 Homestead Rd, Houston, TX 77028
      View Details
    • $75,000

      Land Ready to Build

      Lot in a nice location, ready to build.
      7946 Cinderella St, Houston, TX 77028
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      130,000 SF

      Distribution Center with Flexible Terms

      Distribution center with flexible terms in premier Houston location.
      5800 Mesa Dr, Houston, TX 77028
      View Details
    • Contact for pricing
      19,975 SF

      New Construction Industrial Park Space

      New industrial park with flexible lease options available.
      7933 Ley Rd, Houston, TX 77028
      View Details
    • Contact for pricing

      Neighborhood Retail Shopping Center Space

      Retail spaces available in neighborhood shopping center.
      8311-8825 Mesa Dr, Houston, TX 77028
      View Details
    • $15 SF/Yr
      55,474 SF

      Prime Corner Land for Lease

      High-visibility corner lot in rapidly expanding Cypress, Texas.
      North Houston Rd, Houston, TX 77028
      View Details
    • $27 SF/Yr
      2,000 SF

      Retail Space Available For Lease

      2000 square feet of retail space for rent.
      12311 N Houston Rd, Houston, TX 77028
      View Details
    • $4,000 /Mo
      185,130 SF

      Commercial Land For Rent

      Fenced and gated commercial land with immediate I-610 access.
      7177 Cavalcade St, Houston, TX 77028
      View Details
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    4555 Homestead Rd
    Houston, TX 77028-5838
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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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