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

    6500 Fm 565th Rd Baytown, TX 77523-9771

    • Apartment buildings
    • 4,036 SF
    • 2.48 lot acres
    OFF-MARKET
    Last Sale
    Jul 26, 2022
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1627568
    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 6500 Fm 565th Rd

    Year built
    2008
    Lot size
    2.48 lot acres
    Property size
    4,036 SF
    Property type
    Apartment buildings
    APN
    18400-00306-00000-000200
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $255,000
      Current use
      MEDICAL BUILDING
      $400,000
      Change: +57% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $360,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $345,000
      Change: +35% Conversion: Moderate
      RETAIL STORES
      $345,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $290,000
      Change: +13% Conversion: Moderate
      WAREHOUSE, STORAGE
      $245,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Chambers
    State
    Texas
    Longitude
    -94.823
    Latitude
    29.8148
    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
    2023
    $2,325
    $185,930
    $496,450
    $682,380
    -
    $185,930
    $496,450
    $682,380

    Comparable in this City

    • Value Estimation
      $985,000
      134,721 SF

      10855 Eagle Dr

      APARTMENT HOUSE (5+ UNITS) • 134,721 SF
      10855 Eagle Dr, Mont Belvieu, TX 77523-7602
      View Details
    • Value Estimation
      $750,000
      12.13 Acres

      2100 Kilgore Pkwy

      APARTMENT HOUSE (5+ UNITS) • 12.13 Acres
      2100 Kilgore Pkwy, Baytown, TX 77523-7677
      View Details
    • Value Estimation
      $895,000
      133,873 SF

      1900 Kilgore Pkwy

      APARTMENT HOUSE (5+ UNITS) • 133,873 SF
      1900 Kilgore Pkwy, Baytown, TX 77523-7700
      View Details
    • Value Estimation
      $245,000
      2,100 SF

      7900 Tri City Bch Rdb

      APARTMENT HOUSE (5+ UNITS) • 2,100 SF
      7900 Tri City Bch Rdb, Beach City, TX 77523-9156
      View Details
    • Value Estimation
      $820,000
      45,397 SF

      10527 Langston Dr

      APARTMENT HOUSE (5+ UNITS) • 45,397 SF
      10527 Langston Dr, Baytown, TX 77523-7874
      View Details
    • Value Estimation
      $295,000
      546 SF

      2000 Tri City Bch Rd, Unit 67

      MOBILE HOME PARK, TRAILER PARK • 546 SF
      2000 Tri City Bch Rd, Baytown, TX 77523-8005
      View Details

    Similar Nearby for Sale

    • New
      $399,900
      2,720 SF

      New Duplex Near Fort Hood

      Modern 3-bedroom, 2-bath duplex, ideal for investors or homeowners.
      210 Leon Ln, Copperas Cove, TX 77523
      View Details
    • New
      $398,000
      2,506 SF

      New Duplex in Growing Area

      New construction duplex near Fort Cavazos, ideal for investors.
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    • Contact for pricing
      11.00 Acres

      Baytown Development Land - 11 Acres

      Prime 11-acre residential development site.
      2300 Kilgore Pkwy, Mont Belvieu, TX 77523
      View Details
    • $9,750,000
      33.60 Acres

      Baytown Commercial Land Opportunity

      33.6 Acres, Prime Location, High Visibility
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    • $1,200,000
      11.15 Acres

      Prime 11-Acre Commercial Land in Cove, TX

      Exceptional development opportunity near Mont Belvieu.
      6107 Fm 565, Old River-Winfree, TX 77523
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    • Contact for pricing
      1.75 Acres

      Prime Baytown Commercial Land

      1.75-2.4 acre lots, excellent access.
      3180 & Legends Bay Drive, Baytown, TX 77523
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      1,208 SF

      Spacious Apartment in Copperas Cove

      Three-bedroom, two-bathroom apartment with modern kitchen and stylish finishes.
      121 Leon St, Baytown, TX 77523
      View Details
    • Contact for pricing
      511,000 SF

      Spacious Warehouse with Ample Features

      511,000 SF warehouse with office, dock doors, and trailer parking.
      7525 Sutton Rd, Baytown, TX 77523
      View Details
    • Contact for pricing
      262,363 SF

      New Industrial Warehouse Ready Now

      Move-in ready industrial warehouse with premier location and modern features.
      11249 East St East, Baytown, TX 77523
      View Details
    • Contact for pricing
      1,855,000 SF

      Grand Parkway Frontage Land Available

      Acreage available for lease or sale in mixed-use development.
      3323 S Fm 565 Rd, Baytown, TX 77523
      View Details
    • Contact for pricing
      7,551 SF

      Mont Belvieu Retail Center Opportunity

      Endcap space, drive-thru ready, high-traffic location.
      0 Eagle Dr, Mont Belvieu, TX 77523
      View Details
    • $27 SF/Yr
      20,000 SF

      The Outpost Retail Center

      Baytown, TX: Prime Retail/Office Space
      6002 Fm 3180 Rd, Cove, TX 77523
      View Details
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    Baytown, TX 77523-9771
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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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