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

    5102 Academy St, Unit 16 Houston, TX 77005-1055

    • Apartment buildings
    • 2,912 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2022
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    9%
    Apartment buildings
    Location Intelligence
    Property ID
    US82-4622303
    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

    • Apartment buildings

    Property Details for 5102 Academy St

    Year built
    1957
    Construction
    BRICK
    Lot size
    0.25 lot acres
    Property size
    2,912 SF
    Property type
    Apartment buildings
    APN
    552910000008
    APU
    552910000008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $510,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $223,000
      Market price range: $64.3k - $223k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4434
    Latitude
    29.7251
    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
    $37,013
    $1,409,200
    $360,930
    $1,770,130
    -
    $1,409,200
    $360,930
    $1,770,130

    Comparable in this City

    • Value Estimation
      $365,000
      5,336 SF

      5327 Ashby St, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 5,336 SF
      5327 Ashby St, Houston, TX 77005-1774
      View Details
    • Value Estimation
      $310,000
      9,259 SF

      5310 Greenbriar Dr, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 9,259 SF
      5310 Greenbriar Dr, Houston, TX 77005-2643
      View Details
    • Value Estimation
      $350,000
      4,440 SF

      2525 Albans Rd, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 4,440 SF
      2525 Albans Rd, Houston, TX 77005-1419
      View Details
    • Value Estimation
      $350,000
      4,965 SF

      5110 Academy St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 4,965 SF
      5110 Academy St, Houston, TX 77005-1051
      View Details
    • Value Estimation
      $395,000
      17,980 SF

      3903 Law St, Unit 15

      APARTMENT HOUSE (5+ UNITS) • 17,980 SF
      3903 Law St, Houston, TX 77005-4032
      View Details
    • Value Estimation
      $330,000
      4,176 SF

      1751 Wroxton Ct, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 4,176 SF
      1751 Wroxton Ct, Houston, TX 77005-1745
      View Details

    Similar Nearby for Sale

    • $235,000

      Renovated Condo in West University

      Spacious, renovated condo near Museum District, Medical Center, and Downtown.
      4000 Purdue St, Houston, TX 77005
      View Details
    • $175,000

      Remodeled Unit in West University

      Remodeled unit near shopping, restaurants, downtown, and Texas Medical Center.
      4041 Drake St, Houston, TX 77005
      View Details
    • $215,000

      First-Floor Condo Near Galleria

      Charming 2-bedroom condo in gated community, convenient location.
      4041 Law St, Houston, TX 77005
      View Details
    • $196,800

      West University Condo with Updates

      Updated condo in gated community with pool and treetop views.
      5220 Weslayan St, Houston, TX 77005
      View Details
    • $799,900

      Commercial Zoned Duplex For Sale

      Commercial zoned duplex with excellent location and visibility.
      2042 Bissonnet St, Houston, TX 77005
      View Details
    • $1,250,000
      3,268 SF

      West University Mixed-Use Opportunity

      Mixed-use building with office and residential units in West University.
      5135 Edloe St, Houston, TX 77005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,812 SF

      Houston Office Space: Kelvin Drive

      Prime 2,812 SF Office/Retail Space in Houston, TX
      5407 Kelvin Dr, Houston, TX 77005
      View Details
    • Contact for pricing
      354,713 SF

      Weslayan Plaza Retail Space

      Houston Retail, Multiple Suites Available
      5586 Weslayan St, Houston, TX 77005
      View Details
    • $36 SF/Yr
      2,160 SF

      Warehouse-Style Building with Signage

      Warehouse-style building with roll-up doors and ample parking.
      2417 Bissonnet St, Houston, TX 77005
      View Details
    • Contact for pricing
      44,532 SF

      Houston Industrial Property - Bissonnet St

      Large Flex Space, 44,532 SF, 1.61 Acres
      3502 Bissonnet St, Houston, TX 77005
      View Details
    • Contact for pricing
      9,230 SF

      Retail Space Available For Lease

      9,230 square foot retail property for lease.
      Rice Blvd, Houston, TX 77005
      View Details
    • $22 SF/Yr
      1,752 SF

      Houston Fitness Center Space

      1752 SF Retail Space Available
      2500 Dunstan Rd, Houston, TX 77005
      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.
    5102 Academy St, Unit 16
    Houston, TX 77005-1055
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.