Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    515 Hl Rd Houston, TX 77037-1714
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    515 Hl Rd Houston, TX 77037-1714

    View on Map
    • Warehouses
    • 2,192 SF
    • 2.52 lot acres
    Off-Market
    Property ID
    US83-3621022
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RaptoPart Used Parts / Auto Parts Store

    Property Details for 515 Hl Rd

    Year built
    1946
    Construction
    FRAME
    Lot size
    2.52 lot acres
    Property size
    2,192 SF
    Property type
    Warehouses
    APN
    552280040003
    APU
    552280040003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3892
    Latitude
    29.8971
    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
    2020
    $2,377
    $329,862
    $179,690
    $509,552
    -
    $329,862
    $179,690
    $509,552

    Comparable in this City

    • Value Estimation
      $2,160,000
      21,358 SF

      510 Midland Dr

      WAREHOUSE, STORAGE • 21,358 SF
      510 Midland Dr, Houston, TX 77037-1225
      View Details
    • Value Estimation by Request
      780 SF

      8330 Sweetwater Ln

      WAREHOUSE, STORAGE • 780 SF
      8330 Sweetwater Ln, Houston, TX 77037-3616
      View Details
    • Value Estimation
      $3,020,000
      28,000 SF

      7676 Nn Fwy

      WAREHOUSE, STORAGE • 28,000 SF
      7676 Nn Fwy, Houston, TX 77037-4200
      View Details
    • Value Estimation by Request
      2,414 SF

      503 Gulf Bank Rd

      WAREHOUSE, STORAGE • 2,414 SF
      503 Gulf Bank Rd, Houston, TX 77037-2421
      View Details
    • Value Estimation by Request
      1,260 SF

      8002 Airline Dr

      WAREHOUSE, STORAGE • 1,260 SF
      8002 Airline Dr, Houston, TX 77037-4104
      View Details
    • Value Estimation by Request
      2,500 SF

      1214 Hl Rd, Unit 1

      WAREHOUSE, STORAGE • 2,500 SF
      1214 Hl Rd, Houston, TX 77037-1910
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Versatile Industrial Property with I-45 Frontage

      3,500 SF building on 1.32 acres with I-45 frontage.
      9418 North Fwy, Houston, TX 77037
      View Details
    • $2,000,000
      25,294 SF

      Industrial Facility with Crane

      25,294 SF industrial building with short-term leaseback opportunity.
      9805 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing
      21,456 SF

      Houston Warehouse Space For Sale

      21,456 SF warehouse available in Houston, Texas.
      609 Carby Rd, Houston, TX 77037
      View Details
    • $1,800,000

      Commercial Property on Gulf Bank

      4.5-acre commercial property with existing structures and expansion potential.
      511 Gulf Bank Rd, Houston, TX 77037
      View Details
    • Contact for pricing

      17.37 Acres on Gulf Bank

      17.37 acre site ideal for storage or warehouse development.
      12969 W Hardy Rd, Houston, TX 77037
      View Details
    • Contact for pricing

      Airline Drive Mixed-Use Lot

      0.3762 acre lot with mixed-use zoning allowance.
      7713 Airline Dr, Houston, TX 77037
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Houston Warehouse/Flex Space Available

      Warehouse/flex spaces available near I-45 N Fwy in Houston.
      234 Memory Ln, Houston, TX 77037
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with excellent visibility and high traffic counts.
      45 West Rd, Houston, TX 77037
      View Details
    • Contact for pricing

      Retail Space in North Houston

      Fiesta Mart anchored shopping center with excellent visibility and access.
      11006-11106 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing

      Retail Space in Greenridge Center

      Fiesta Mart anchored shopping center in North Houston.
      11006 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing

      Industrial Storage Site Near I-45

      6-acre industrial site with I-45 frontage and high visibility.
      8455 North Fwy, Houston, TX 77037
      View Details
    • Contact for pricing
      60,000 SF

      Retail Space Near I-45

      Retail space with excellent visibility and access to major highways.
      10777 North Fwy, Houston, TX 77037
      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.
    515 Hl Rd
    Houston, TX 77037-1714
    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.
    Sign Up Successful!
    You now have access to more from Realmo!