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    Property profile & analytics

    4800 34Th St Houston, TX 77092

    • Warehouses
    • 21,502 SF
    • 8.01 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3877375
    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

    • The Train Stop / Gym & Fitness Center
    • 610 Greek by KOW Shirts / Custom T-Shirt Store
    • Ambufreight / Trucking Company
    • Summit Auction Galleries / Trade Show Venue / (Bike/Boat/Book/etc) Store
    • Focus Tax Group / Tax Preparation

    Property Details for 4800 34Th St

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    8.01 lot acres
    Property size
    21,502 SF
    Property type
    Warehouses
    APN
    590030270008
    APU
    590030270008

    Description

    This multi-tenant property, located at 4800 W 34th St, Houston, TX 77092, offers a diverse range of flexible spaces ideal for various business needs. The 132,501 square foot building provides units ranging from a minimum of 210 square feet to a maximum contiguous space of 9,000 square feet. The property's classification encompasses retail, industrial, flex, warehouse, distribution, and R&D uses, catering to a broad spectrum of tenants. Its prime Northwest Houston location offers convenient access to major transportation arteries, including Highway 290, Loop 610, and Beltway 8, ensuring seamless logistics and easy commutes for employees and clients. Whether your business requires a small office, a large warehouse, or a combination thereof, this property provides adaptable spaces to accommodate your specific requirements. The available units are suitable for businesses seeking a flexible and strategically located space to thrive in the dynamic Houston market. Contact us today to explore the available options and find the perfect fit for your business's needs. The property is situated at 29.81966462 latitude and -95.46080123 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,218,000
      Market price range: $581k - $1.22M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $830,000
      Current use
      RESTAURANT
      $1,990,000
      Change: +140% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,755,000
      Change: +112% Conversion: Easy
      MEDICAL BUILDING
      $1,370,000
      Change: +66% Conversion: Difficult
      RETAIL STORES
      $1,360,000
      Change: +64% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,115,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.461
    Latitude
    29.8204
    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
    $117,181
    $5,927,866
    $1,353,029
    $7,280,895
    -
    $5,927,866
    $1,353,029
    $7,280,895

    Comparable in this City

    • Value Estimation
      $1,415,000
      22,500 SF

      6002 34th St

      WAREHOUSE, STORAGE • 22,500 SF
      6002 34th St, Houston, TX 77092-6441
      View Details
    • Value Estimation by Request
      2,280 SF

      4420 34th St

      WAREHOUSE, STORAGE • 2,280 SF
      4420 34th St, Houston, TX 77092-5906
      View Details
    • Value Estimation by Request
      3,000 SF

      6405 Milwee St

      WAREHOUSE, STORAGE • 3,000 SF
      6405 Milwee St, Houston, TX 77092-6303
      View Details
    • Value Estimation by Request
      3,000 SF

      6407 Milwee St

      WAREHOUSE, STORAGE • 3,000 SF
      6407 Milwee St, Houston, TX 77092-6303
      View Details
    • Value Estimation
      $1,045,000
      54,440 SF

      5706 Mitchelldale St

      WAREHOUSE, STORAGE • 54,440 SF
      5706 Mitchelldale St, Houston, TX 77092
      View Details
    • Value Estimation by Request
      2,112 SF

      3515 Lumberdale Rd

      WAREHOUSE, STORAGE • 2,112 SF
      3515 Lumberdale Rd, Houston, TX 77092-6106
      View Details

    Similar Nearby for Sale

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      Houston Industrial Lease/Sale Opportunity

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      53,960 SF

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      53,960 SF warehouse featuring dock wells and outdoor storage.
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      7,200 SF

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    Similar Nearby for Lease

    • $9 SF/Yr
      78,479 SF

      Antoine Crossing: Office & Warehouse Space

      Houston Office/Warehouse: Flexible Suites Available
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      5,653 SF

      Northwest Houston Flex Space

      Flex space available for sublease through August 2027.
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    • Contact for pricing

      Houston Flex Space Available

      Flex space available for lease in Houston, Texas.
      3730 Dacoma St, Houston, TX 77092
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      Hempstead Road Industrial Space Available

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      7,183 SF

      Houston Warehouse Space Available

      Industrial warehouse space available for lease in Houston, Texas.
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    • Contact for pricing
      4,000 SF

      Houston Warehouse Space Available

      3,500 square foot warehouse space for lease in Houston.
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      View Details
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    4800 34Th St
    Houston, TX 77092
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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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