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

    6931 Fm 1960th E Rd Humble, TX 77346-2705

    • Outlet malls
    • 182,238 SF
    • 13.67 lot acres
    OFF-MARKET
    Value Estimations
    $2,465,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4584329
    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

    • Beyond Eye Care PLLC / Optometrist
    • Van Tran, PharmD / Pharmacy
    • Emergency Vehicle Opening / Consultant / Car Repair And Maintenance Service

    Property Details for 6931 Fm 1960th E Rd

    Year built
    2007
    Construction
    STEEL & CONCRETE
    Lot size
    13.67 lot acres
    Property size
    182,238 SF
    Property type
    Outlet malls
    APN
    1276930010007
    APU
    1276930010007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.1726
    Latitude
    30.0005
    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
    $92,096
    $5,358,798
    $7,376,786
    $12,735,584
    -
    $5,358,798
    $7,376,786
    $12,735,584

    Comparable in this City

    • Value Estimation
      $3,040,000
      224,019 SF

      6626 Fm 1960th E Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 224,019 SF
      6626 Fm 1960th E Rd, Humble, TX 77346-2712
      View Details
    • Value Estimation
      $1,575,000
      93,730 SF

      7301 Fm 1960th E Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 93,730 SF
      7301 Fm 1960th E Rd, Humble, TX 77346-3130
      View Details
    • Value Estimation
      $2,235,000
      159,924 SF

      7355 Fm 1960th E Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 159,924 SF
      7355 Fm 1960th E Rd, Humble, TX 77346-3130
      View Details
    • Value Estimation
      $870,000
      43,448 SF

      7132 Fm 1960th E Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 43,448 SF
      7132 Fm 1960th E Rd, Humble, TX 77346
      View Details
    • Value Estimation
      $1,690,000
      116,742 SF

      7405 Fm 1960th E Rd

      SHOPPING CENTER, STRIP CENTER • 116,742 SF
      7405 Fm 1960th E Rd, Humble, TX 77346-3128
      View Details
    • Value Estimation
      $635,000
      22,915 SF

      20669 Lk Houston Pkwy

      SHOPPING CENTER, STRIP CENTER • 22,915 SF
      20669 Lk Houston Pkwy, Humble, TX 77346-1497
      View Details

    Similar Nearby for Sale

    • $89,000

      Unrestricted Land Near FM 1960

      Versatile land suitable for residential, commercial, or mixed-use development.
      Moonshadows Dr, Humble, TX 77346
      View Details
    • $379,900

      Versatile Land Near Highway 59

      1.29-acre lot suitable for mixed-use development near Highway 59.
      4855 Atascocita Rd, Humble, TX 77346
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    • $99,000

      Unrestricted Wooded Land Near IAH

      Versatile, unrestricted land near FM 1960, 15 minutes from IAH.
      Canyon Ln, Humble, TX 77346
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    • $95,000

      Commercial Lot on Main Roadway

      Large commercial lot available on a main roadway.
      Continental Pkwy, Humble, TX 77346
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    • $334,400
      1,225 SF

      Atascocita Office Condo - $334,400

      1,225 SF Office Condo, New Construction
      17904 Atascocita Tx, Atascocita, TX 77346
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    • $300,000

      Waterfront Lot on Lake Houston

      Prime south-facing waterfront lot ready for custom home.
      8826 Cross Country Dr, Humble, TX 77346
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      34,000 SF

      Atascocita Office Space for Lease

      Prime Retail/Office Space in Humble, TX
      6730 Atascocita Rd, Atascocita, TX 77346
      View Details
    • $33 SF/Yr
      1,200 SF

      Retail Space in Prime Location

      Retail space available in high-traffic Humble shopping center.
      7072 E Fm 1960 Rd, Humble, TX 77346
      View Details
    • Contact for pricing
      316,574 SF

      Atascocita Commons Retail Center

      Prime Retail Space Available in Houston MSA
      0 Lk Houston Pkwy, Atascocita, TX 77346
      View Details
    • $17 SF/Yr
      52,373 SF

      Humble Retail Space - 52,373 SF

      High-traffic retail space, multiple units available.
      8080 Fm 1960 Rd, Humble, TX 77346
      View Details
    • $29 SF/Yr
      27,850 SF

      Atascocita Retail Center Investment

      Prime Harris County shopping center, two spaces available.
      4902 Atascocita Rd, Atascocita, TX 77346
      View Details
    • $1.20 SF/Yr
      1,000 SF

      Humble Retail Space Available

      Retail space with offices in Humble, Texas for lease.
      8077 E Fm 1960 Rd, Humble, TX 77346
      View Details

    Property Visit Statistics

    • Visits by month
      170.5k
    • Visitors by month
      111.3k
    • Avg Time on site
      34 min
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    Humble, TX 77346-2705
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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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