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    Property profile & analytics

    618 Parker Rd Houston, TX 77091-3205

    • Investment properties
    • 1,414 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    6.5%
    Investment properties
    Location Intelligence
    Property ID
    US82-2398713
    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

    • CENTRO CREE EN TI / Holistic Medicine Practitioner

    Property Details for 618 Parker Rd

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Property size
    1,414 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    740610020022
    APU
    740610020022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $310,000
      6.5%
      $285,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $403,000
      Market price range: $168k - $403k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4105
    Latitude
    29.859
    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
    $4,425
    $144,500
    $75,120
    $219,620
    -
    $144,500
    $75,120
    $219,620

    Comparable in this City

    • Value Estimation
      $240,000
      1,162 SF

      888 Little York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,162 SF
      888 Little York Rd, Houston, TX 77091-2353
      View Details
    • Value Estimation
      $280,000
      1,696 SF

      760 Paul Quinn St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,696 SF
      760 Paul Quinn St, Houston, TX 77091-4240
      View Details
    • Value Estimation
      $265,000
      672 SF

      5610 Duoto St

      OFFICE/RESIDENTIAL (MIXED USE) • 672 SF
      5610 Duoto St, Houston, TX 77091-5444
      View Details
    • Value Estimation
      $265,000
      720 SF

      630 Rittenhouse Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 720 SF
      630 Rittenhouse Rd, Houston, TX 77091-2406
      View Details
    • Value Estimation
      $245,000
      2,356 SF

      6114 Montgomery Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,356 SF
      6114 Montgomery Rd, Houston, TX 77091-4238
      View Details
    • Value Estimation
      $275,000
      1,292 SF

      6113 Montgomery Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,292 SF
      6113 Montgomery Rd, Houston, TX 77091-4237
      View Details

    Similar Nearby for Sale

    • $60,000

      Residential Land in Growing Area

      Two adjacent lots ideal for building or investment project.
      922 W Little York Rd, Houston, TX 77091
      View Details
    • $129,000

      Land in Booming Area

      Land available in a growing area with new concrete roads.
      7200 Willow St, Houston, TX 77091
      View Details
    • $59,500

      Vacant Lot in Acres Home

      Vacant land available in the Acres Home neighborhood.
      946 Benchfield Dr, Houston, TX 77091
      View Details
    • $60,000

      Two Lots on Little York

      Two adjacent lots totaling 8,750 sq ft for residential development.
      924 W Little York Rd, Houston, TX 77091
      View Details
    • $330,000

      Unrestricted Lots Near Oak Forest

      Five unrestricted lots totaling 15,000 SF near Oak Forest.
      5414 Broom St, Houston, TX 77091
      View Details
    • $80,000

      Vacant Lot in Northwest Houston

      Vacant commercial land available in Northwest Houston, Texas.
      834 Green Meadow Ln, Houston, TX 77091
      View Details

    Similar Nearby for Lease

    • $2,799 /Mo
      1,892 SF

      Gated Community Home Near Downtown

      Immaculate home in gated community near Downtown, Galleria, Medical Center.
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    • Contact for pricing
      10,500 SF

      Houston Warehouse: 10,500 SF

      Spacious Houston warehouse, ready for occupancy.
      3730 Creekmont Dr, Houston, TX 77091
      View Details
    • $40,677
      128,502 SF

      Houston Commercial Land Lease

      3-Acre Commercial Land, Prime Location
      7301 Shepherd Dr, Houston, TX 77091
      View Details
    • Contact for pricing
      165,456 SF

      Crane & Rail-Served Manufacturing Facility

      165,456 SF manufacturing facility with cranes and rail access.
      6505 Houston Rosslyn Rd, Houston, TX 77091
      View Details
    • $1.20 SF/Yr
      1,500 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
      7208 N Shepherd Dr, Houston, TX 77091
      View Details
    • $2,575,000
      9,250 SF

      Industrial Property with Exterior Storage

      9,250 SF industrial space with stabilized storage yard for lease.
      2620 West Tidwell Rd, Houston, TX 77091
      View Details
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    618 Parker Rd
    Houston, TX 77091-3205
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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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