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

    4909 34Th St Houston, TX 77018

    • Commercial real estate
    • 21,408 SF
    • 1.93 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4271287
    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

    • SMART MOBILE TIRE SERVICE LNC 24/7 MOBILE TIRES & WHEELS SERVICES / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • ZAMORA FURNITURE FACTORY / Production Facility / Furniture & Home Goods
    • Sim’s all tech automotive / Auto Repair Shop
    • Mobile Hookah Kings / Bar & Pub / (Bike/Boat/Book/etc) Store
    • Houston Auto Body Repair & Sales / Auto Repair Shop

    Property Details for 4909 34Th St

    Year built
    1940
    Construction
    WOOD FRAME
    Lot size
    1.93 lot acres
    Property size
    21,408 SF
    Property type
    Commercial real estate
    APN
    590030290001
    APU
    590030290001

    Description

    This exceptional 1.93-acre vacant land parcel presents a prime development opportunity in Houston's dynamic commercial sector. Located at 4909 W 34th St in Harris County, this single-tenancy property offers unparalleled versatility. Its zoning allows for a range of uses, including retail, industrial, and office/warehouse developments, catering to diverse business needs. The site benefits from convenient access to major transportation arteries, including US 290 and Mangum Road, ensuring seamless connectivity for both employees and customers. The property's strategic location places it in close proximity to a vibrant mix of established retailers, restaurants, and residential areas, creating a thriving and accessible environment. City of Houston utilities are readily available, simplifying the development process and minimizing upfront infrastructure costs. This exceptional land parcel represents a rare chance to capitalize on Houston's robust economic growth and create a significant return on investment. The flexibility of zoning and prime location make this an ideal opportunity for developers seeking a high-impact project in a highly desirable area. The 1.93-acre lot size provides ample space for a substantial development, allowing for creative design and efficient space utilization. This is a truly exceptional opportunity for those seeking a strategic investment in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,014,000
      Market price range: $1.71M - $5.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4624
    Latitude
    29.8188
    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
    $29,557
    $1,428,952
    $30,566
    $1,459,518
    -
    $1,428,952
    $30,566
    $1,459,518

    Comparable in this City

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    Similar Nearby for Sale

    • $480,000
      0.50 Acres

      US 290 & Dacoma Road Land

      0.5-acre commercial development site, Houston, TX
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      0.57 Acres

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      Prime Houston land, multiple tracts available.
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      Houston Land For Sale

      Land available for sale in Houston, Texas.
      6322 34Th St, Houston, TX 77092
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    • $478,280

      Commercial Lot, Endless Possibilities

      Commercial land available in Houston, Texas.
      4323 Mangum Rd, Houston, TX 77092
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    • $250,000

      Land For Sale

      Land available for sale.
      4817 Pinemont Dr, Houston, TX 77092
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    Similar Nearby for Lease

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      11,352 SF

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      2,000 SF

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      Retail center with pylon signage and high traffic volume.
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      72,059 SF

      Mangum Road Office Building Investment

      Houston Office Space, 72,059 SF
      2855a Mangum Rd, Houston, TX 77092
      View Details
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    4909 34Th St
    Houston, TX 77018
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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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