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

    6630 Hoover St, Unit 32 Houston, TX 77092-3110

    • Hotels
    • 8,640 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2022
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    7.4%
    Hotels
    Location Intelligence
    Property ID
    US82-2995865
    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

    • Prestige Inn / Motel

    Property Details for 6630 Hoover St

    Year built
    1996
    Construction
    BRICK
    Lot size
    0.50 lot acres
    Property size
    8,640 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    301930620039
    APU
    301930620039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $800,000
      AUTO REPAIR, GARAGE
      $705,000
      MEDICAL BUILDING
      $550,000
      RETAIL STORES
      $545,000
      APARTMENT HOUSE (5+ UNITS)
      $450,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4878
    Latitude
    29.8389
    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
    $16,212
    $175,000
    $787,707
    $962,707
    -
    $175,000
    $787,707
    $962,707

    Comparable in this City

    • Value Estimation
      $565,000
      93,989 SF

      2504 Nn W Loop, Unit 198

      HOTEL/MOTEL • 93,989 SF
      2504 Nn W Loop, Houston, TX 77092-8901
      View Details
    • Value Estimation
      $805,000
      21,984 SF

      4823 34th St, Unit 39

      HOTEL/MOTEL • 21,984 SF
      4823 34th St, Houston, TX 77092-6603
      View Details
    • Value Estimation
      $620,000
      27,612 SF

      12410 Nwnw Fwy, Unit 42

      HOTEL/MOTEL • 27,612 SF
      12410 Nwnw Fwy, Houston, TX 77092-3114
      View Details
    • Value Estimation
      $680,000
      23,759 SF

      11607 Nwnw Fwy, Unit 36

      HOTEL/MOTEL • 23,759 SF
      11607 Nwnw Fwy, Houston, TX 77092-6257
      View Details
    • Value Estimation
      $660,000
      18,793 SF

      3331 Antoine Dr, Unit 30

      HOTEL/MOTEL • 18,793 SF
      3331 Antoine Dr, Houston, TX 77092-7041
      View Details
    • Value Estimation
      $680,000
      38,502 SF

      11611 Nwnw Fwy, Unit 58

      HOTEL/MOTEL • 38,502 SF
      11611 Nwnw Fwy, Houston, TX 77092-6257
      View Details

    Similar Nearby for Sale

    • $480,000
      0.50 Acres

      US 290 & Dacoma Road Land

      0.5-acre commercial development site, Houston, TX
      0 Us 290 & Dacoma Rd, Houston, TX 77092
      View Details
    • $200,000

      Residential Land Ready to Build

      Cleared 0.2 acre lot with utilities access, ready to build.
      3607 Zoch Ln, Houston, TX 77092
      View Details
    • $250,000

      Land For Sale

      Land available for sale.
      4817 Pinemont Dr, Houston, TX 77092
      View Details
    • $478,280

      Commercial Lot, Endless Possibilities

      Commercial land available in Houston, Texas.
      4323 Mangum Rd, Houston, TX 77092
      View Details
    • $119,950

      Refreshed Condo in Arbor Green

      Updated 2-bedroom condo near Downtown Houston.
      5001 Lamonte Ln, Houston, TX 77092
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    • Contact for pricing

      Houston Land For Sale

      Land available for sale in Houston, Texas.
      6322 34Th St, Houston, TX 77092
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      15,900 SF

      Mitchelldale Industrial Space Available

      Flex Warehouse, Harris County, TX
      5521 Mitchelldale St, Houston, TX 77092
      View Details
    • $11 SF/Yr
      149,000 SF

      Houston Flex Warehouse Space

      149,000 SF, Multiple Tenants Available
      12828 Hempstead Hwy, Houston, TX 77092
      View Details
    • $12 SF/Yr
      132,501 SF

      34th Street Business Park Units Available

      Houston Flex Space, Warehouse, R&D
      4800 34Th St, Houston, TX 77092
      View Details
    • Contact for pricing
      20,250 SF

      Northway Center: Retail Opportunity

      20,250 SF Retail Space Available
      11077 Northwest Fwy, Houston, TX 77092
      View Details
    • $12 SF/Yr
      2,000 SF

      Houston Office Space For Rent

      2000 square feet of office space available for lease.
      5201 Mitchelldale St, Houston, TX 77092
      View Details
    • $16 SF/Yr
      1,639 SF

      Professional Office Space Available

      Quality, affordable office space with ample parking and natural light.
      13201 Northwest Fwy, Houston, TX 77092
      View Details
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    6630 Hoover St, Unit 32
    Houston, TX 77092-3110
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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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