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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4848 Main St Houston, TX 77002-9718

    • Warehouses
    • 11,160 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4560314
    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

    • Houston Center for Contemporary Craft / Museum / Art Gallery
    • Asher Gallery at Houston Center for Contemporary Craft / Art Gallery

    Property Details for 4848 Main St

    Year built
    1964
    Construction
    METAL FRAME
    Lot size
    0.49 lot acres
    Property size
    11,160 SF
    Property type
    Warehouses
    APN
    331910000006
    APU
    331910000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3862
    Latitude
    29.7307
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,302 SF

      1419 Gray St

      MINI-WAREHOUSE, STORAGE • 4,302 SF
      1419 Gray St, Houston, TX 77002
      View Details
    • Value Estimation by Request
      11,584 SF

      215 St Emanuel St

      WAREHOUSE, STORAGE • 11,584 SF
      215 St Emanuel St, Houston, TX 77002
      View Details
    • Value Estimation
      $555,000
      18,022 SF

      100 Jackson St

      WAREHOUSE, STORAGE • 18,022 SF
      100 Jackson St, Houston, TX 77002-1308
      View Details
    • Value Estimation
      $600,000
      17,000 SF

      2315 Commerce St

      WAREHOUSE, STORAGE • 17,000 SF
      2315 Commerce St, Houston, TX 77002-2365
      View Details
    • Value Estimation by Request
      20,576 SF

      1401 Sterrett St

      WAREHOUSE, STORAGE • 20,576 SF
      1401 Sterrett St, Houston, TX 77002-1168
      View Details
    • Value Estimation by Request
      7,128 SF

      1120 Naylor St

      WAREHOUSE, STORAGE • 7,128 SF
      1120 Naylor St, Houston, TX 77002-1022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Midtown Houston Industrial Site

      Prime Redevelopment Opportunity: Warehouse, Manufacturing, Cold Storage
      2820-2902 Caroline St, Houston, TX 77002
      View Details
    • Contact for pricing

      Land in Qualified Opportunity Zone

      30,820 sq. ft. land with easy highway access.
      Caroline St, Houston, TX 77002
      View Details
    • Contact for pricing
      7,015 SF

      Museum District Land Redevelopment Opportunity

      Two city blocks available for redevelopment in the Museum District.
      5001-5115 Main St, Houston, TX 77002
      View Details
    • Contact for pricing

      Downtown Track For Sale

      Commercial land available in downtown Houston.
      900 Leeland St, Houston, TX 77002
      View Details
    • Contact for pricing

      Houston Hotel Note: Value-Add Opportunity

      Sub-performing hotel note; 100 keys; Texas.
      1000 Texas St, Houston, TX 77002
      View Details
    • Contact for pricing
      0.11 Acres

      Prime Houston CBD Land Parcel

      0.11-Acre Commercial Lot, Central Business District
      1202 Pease St, Houston, TX 77002
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      17,350 SF

      Restored Historic Office and Loft

      Restored historic building offering office, retail, and light industrial space.
      1113 Vine St, Houston, TX 77002
      View Details
    • Contact for pricing
      1,065 SF

      Downtown Houston Executive Suite

      Plug & Play Office Space Available
      1000 Main St, Houston, TX 77002
      View Details
    • $15 SF/Yr
      784,143 SF

      Downtown Houston Office Tower

      Prestigious Houston office space available.
      1301 Fannin St, Houston, TX 77002
      View Details
    • $8 SF/Yr
      1,314,350 SF

      800 Bell St

      Government properties • 1,314,350 SF
      800 Bell St, Houston, TX 77002
      View Details
    • Contact for pricing
      9,926 SF

      Midtown Houston Retail Space

      Prime Houston Retail: 4,206 SF Available
      2020 Travis St, Houston, TX 77002
      View Details
    • $22 SF/Yr
      1,000 SF

      Washington Ave Office Space

      Prime Houston Office, Move-In Ready
      1420 Washington Ave, Houston, TX 77002
      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.
    4848 Main St
    Houston, TX 77002-9718
    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.