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    4903 Airline Dr, Unit 12 Houston, TX 77022-3017

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    4903 Airline Dr, Unit 12 Houston, TX 77022-3017

    View on Map
    • Apartment buildings
    • 10,968 SF
    • 1.05 lot acres
    Off-Market
    Property ID
    US82-2639171
    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
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TBH Freight / Trucking Company
    • Sun Nail Spa / Nail Salon
    • Freeway Insurance / Insurance Agency
    • Thatianas bridal / Clothing & Fashion Store
    • ATM (Handy Plus) / Atm

    Property Details for 4903 Airline Dr

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    1.05 lot acres
    Property size
    10,968 SF
    Property type
    Apartment buildings
    APN
    1207330010006
    APU
    1207330010006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $823,000
      Market price range: $411k - $1.20M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $815,000
      Current use
      RETAIL STORES
      $940,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $810,000
      Change: -1% Conversion: Moderate
      MEDICAL BUILDING
      $700,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3849
    Latitude
    29.8376
    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
    $33,115
    $685,485
    $1,080,820
    $1,766,305
    -
    $685,485
    $1,080,820
    $1,766,305

    Comparable in this City

    • Value Estimation by Request
      3,100 SF

      118 Norview Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,100 SF
      118 Norview Dr, Houston, TX 77022-2860
      View Details
    • Value Estimation by Request
      3,332 SF

      812 Wainwright St, Unit 13

      APARTMENT HOUSE (5+ UNITS) • 3,332 SF
      812 Wainwright St, Houston, TX 77022-6348
      View Details
    • Value Estimation by Request
      4,500 SF

      72 Burress St

      APARTMENT HOUSE (5+ UNITS) • 4,500 SF
      72 Burress St, Houston, TX 77022-2684
      View Details
    • Value Estimation by Request
      4,526 SF

      206 Julia St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 4,526 SF
      206 Julia St, Houston, TX 77022-3139
      View Details
    • Value Estimation by Request
      6,368 SF

      909 Yorkshire St, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 6,368 SF
      909 Yorkshire St, Houston, TX 77022-4500
      View Details
    • Value Estimation by Request
      2,375 SF

      3319 Castor St, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 2,375 SF
      3319 Castor St, Houston, TX 77022-5100
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,321 SF

      Northline Terrace Apartment Investment Opportunity

      Apartment complex in Houston MSA, lender-driven sale, auction event.
      122 E Crosstimbers St, Houston, TX 77022
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      Houston Multifamily Investment Opportunity

      51-unit multifamily asset in Houston, Texas with upside potential.
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      Duplex in Houston, Texas

      Duplex, easily converted to single family. Investor opportunity.
      727 Yorkshire St, Houston, TX 77022
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    Similar Nearby for Lease

    • $1,100 /Mo

      Move-In Ready Studio Apartment

      One bedroom, one bath studio apartment available for rent.
      8915 Irvington Blvd, Houston, TX 77022
      View Details
    • $1,934 /Mo
      2,311 SF

      Office Space Available For Rent

      Office space available for lease in Houston, Texas.
      4625 North Fwy, Houston, TX 77022
      View Details
    • Contact for pricing
      56,834 SF

      Warehouse Space with Renovated Office

      56,834 SF warehouse with renovated office space for lease.
      4525 Airline Dr, Houston, TX 77022
      View Details
    • Contact for pricing

      Dominant Retail Destination in Houston

      Retail destination with national and local retailers, restaurants, and services.
      Nec Of I-45 & Crosstimbers, Houston, TX 77022
      View Details
    • Contact for pricing

      Prime Retail Space on Airline

      Bustling shopping center with high visibility and foot traffic.
      5206 Airline Dr, Houston, TX 77022
      View Details
    • $1,500 /Mo
      994 SF

      Office Space Available For Rent

      Office space available for lease in Houston, Texas.
      4615 North Fwy, Houston, TX 77022
      View Details
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    4903 Airline Dr, Unit 12
    Houston, TX 77022-3017
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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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