Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4623 Feagan St Houston, TX 77007-7308
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4623 Feagan St Houston, TX 77007-7308

    View on Map
    • Investment properties
    • 1,236 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Jun 2, 2023
    Property ID
    US82-0928819
    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

    • Booker-Lowe Gallery / Art Gallery

    Property Details for 4623 Feagan St

    Year built
    1950
    Construction
    METAL FRAME
    Lot size
    0.16 lot acres
    Property size
    1,236 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    71860010001
    APU
    71860010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4081
    Latitude
    29.7659
    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
    $13,873
    $576,223
    $119,445
    $695,668
    -
    $576,223
    $119,445
    $695,668

    Comparable in this City

    • Value Estimation
      $755,000
      4,020 SF

      3122 White Oak Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 4,020 SF
      3122 White Oak Dr, Houston, TX 77007-4358
      View Details
    • Value Estimation by Request
      2,188 SF

      826 Hts Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,188 SF
      826 Hts Blvd, Houston, TX 77007-1507
      View Details
    • Value Estimation by Request
      2,020 SF

      733 Hts Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,020 SF
      733 Hts Blvd, Houston, TX 77007-1539
      View Details
    • Value Estimation by Request
      5,000 SF

      5228 Blossom St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,000 SF
      5228 Blossom St, Houston, TX 77007-5206
      View Details
    • Value Estimation by Request
      2,408 SF

      716 Silver St, Unit 1

      OFFICE/RESIDENTIAL (MIXED USE) • 2,408 SF
      716 Silver St, Houston, TX 77007-7630
      View Details
    • Value Estimation by Request
      1,728 SF

      401 9th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,728 SF
      401 9th St, Houston, TX 77007-1521
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Opportunity Near Downtown Houston

      Prime location for mixed-use or retail development near downtown.
      2102 Center St, Houston, TX 77007
      View Details
    • $725,000

      Heights Area Versatile Layout Property

      Duplex with commercial possibilities near downtown Houston.
      543 Studewood St, Houston, TX 77007
      View Details
    • Contact for pricing
      4,048 SF

      Iconic Heights Boulevard Office/Residence

      Live, work, and entertain in an ideal location.
      638 Heights Blvd, Houston, TX 77007
      View Details
    • Contact for pricing

      Prime Katy Freeway Gas Station Site

      High-traffic corner lot, ground lease available.
      5401 Katy Fwy, Houston, TX 77007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Project in The Heights

      Trail-oriented mixed-use project in Houston's coveted neighborhood, The Heights.
      600 North Shepherd Dr, Houston, TX 77007
      View Details
    • Contact for pricing
      1,823 SF

      Mixed-Use Retail Space Available

      Retail space in a premier mixed-use development.
      1111 Shepherd Dr, Houston, TX 77007
      View Details
    • Contact for pricing

      Retail Space in Lower Heights

      Retail and restaurant space in a mixed-use urban project.
      2770 Summer St, Houston, TX 77007
      View Details
    • Contact for pricing

      Warehouse with Office Space

      Warehouse space available for lease, includes office and dock doors.
      651 N Shepherd Dr, Houston, TX 77007
      View Details
    • Contact for pricing

      Office Space in Houston, TX

      Office space available for rent in Houston, Texas.
      3663 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      2,115 SF

      Restaurant Space in Prime Location

      Turn-key restaurant space available for lease in a high-traffic area.
      700 Durham Dr, Houston, TX 77007
      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.
    4623 Feagan St
    Houston, TX 77007-7308
    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.
    Sign Up Successful!
    You now have access to more from Realmo!