Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6938 Fm 362nd Rd Pattison, TX 77423-9423
    Back to Search
    Property profile & analytics

    6938 Fm 362nd Rd, Pattison, TX 77423-9423

    View on Map
    • Commercial real estate
    • 3,180 SF
    • 1.54 lot acres
    Off-Market
    Last Sale Sep 20, 2023
    Property ID
    US82-0472310
    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

    • Hicus Machine / Industrial Manufacturer
    • First Choice Industrial Supply / Corporate Office

    Property Details for 6938 Fm 362nd Rd

    Year built
    2012
    Construction
    METAL FRAME
    Lot size
    1.54 lot acres
    Property type
    Commercial real estate
    APN
    331000-001-000-100
    APU
    331000001000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 15, 2026 — Rivera-jimenez Blanca Rosendo Jimenez Special Warranty Deed —
    Sep 20, 2023 — Blanca V Rivera Jimenez Mccouls Lawn Care LLC Warranty Deed —
    Nov 21, 2022 — Signad Ltd Gannon Properties LLC Assignment Of Lease (leasehold Sale) —
    Nov 10, 2022 — Gannon Properties LLC Mccouls Lawn Care LLC Lease —
    Apr 12, 2022 — Mccoul S Lawn Care LLC — Deed · related $40k · Stellar Bank

    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
    Pattison
    County
    Waller
    State
    Texas
    Longitude
    -95.9592
    Latitude
    29.8731
    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
    2021
    $501,155
    $104,450
    $196,220
    $300,670
    -
    $104,450
    $196,220
    $300,670

    Comparable in this City

    • Value Estimation by Request
      10.17 Acres

      Fm 359 Rd

      Land
      0 Fm 359 Rd, Brookshire, TX 77423
      View Details
    • Value Estimation by Request
      4.27 Acres

      35077 Katy Fwy

      Land
      35077 Katy Fwy, Brookshire, TX 77423
      View Details
    • Value Estimation by Request
      2.13 Acres

      5320 Grand Vw Dr

      COMMERCIAL (GENERAL)
      5320 Grand Vw Dr, Brookshire, TX 77423
      View Details
    • Value Estimation by Request
      5.00 Acres

      Empire Blvd

      COMMERCIAL (GENERAL)
      Empire Blvd, Brookshire, TX 77423
      View Details
    • Value Estimation by Request
      0.09 Acres

      Fm 1489

      COMMERCIAL (GENERAL)
      Fm 1489, Brookshire, TX 77423
      View Details
    • Value Estimation by Request
      11.00 Acres

      Bonner Rd

      Land
      0 Bonner Rd, Brookshire, TX 77423
      View Details

    Similar Nearby for Sale

    • $1,650,000
      5,600 SF

      Fulshear Commercial Land - Prime Location

      1.25 Acres, 5600 sqft, High Growth Area
      32503 Pecan Hl Dr, Fulshear, TX 77423
      View Details
    • $290,000

      Residential Lot Backing to Reserve

      1.82 acre wooded lot in custom home neighborhood.
      2327 Red Bird Ln, Pattison, TX 77423
      View Details
    • $99,500

      Land Near Amazon Center

      Land near Amazon Center and Katy Mills Mall.
      3119 4Th St, Brookshire, TX 77423
      View Details
    • $2,755,000

      Prime Land with Development Potential

      Land suitable for commercial or residential development with agricultural operations.
      8925 Kerr Rd, Pattison, TX 77423
      View Details
    • $275,000

      Commercial Acreage in Industrial Park

      Commercial designated acreage ready for development in established industrial park.
      34609 Sunset Ln, Brookshire, TX 77423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Flexible Warehouse Solutions Available

      Versatile warehouse spaces for lease in Brookshire, Texas.
      2510 Twinwood Pkwy, Brookshire, TX 77423
      View Details
    • Contact for pricing
      2,475 SF

      Retail Space on FM 359

      Retail space with pickup window on corner of Hunt Rd.
      5440 Fm 359 Rd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      35,000 SF

      Industrial Warehouse with Crane Ready

      New metal construction warehouse with crane and outside storage.
      3020 Venergy Dr, Brookshire, TX 77423
      View Details
    • Contact for pricing

      Land for Lease in Brookshire

      Land available for lease in Brookshire, Texas.
      Jordan Ranch Blvd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      217,800 SF

      Industrial Outdoor Storage Yard Available

      5-acre industrial outdoor storage yard for lease in Brookshire/Katy.
      3560 Stella Rd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      23,675 SF

      Brookshire Industrial Space Sublease

      23,675 SF industrial space available for sublease in Brookshire, TX.
      2506 Twinwood Pkwy, Brookshire, TX 77423
      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.
    6938 Fm 362nd Rd
    Pattison, TX 77423-9423
    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

    Thank You for Inquiry
    6938 Fm 362nd Rd, Pattison, TX, 77423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!