Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7024 Ave N Ave Houston, TX 77011-1520

    • Warehouses
    • 12,610 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3012143
    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

    • Warehouses

    Property Details for 7024 Ave N Ave

    Year built
    1950
    Construction
    METAL FRAME
    Lot size
    0.60 lot acres
    Property size
    12,610 SF
    Property type
    Warehouses
    APN
    250880000059
    APU
    250880000059

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $433k - $1.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $745,000
      Current use
      OFFICE BUILDING
      $875,000
      Change: +18% Conversion: Difficult
      MEDICAL BUILDING
      $805,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2979
    Latitude
    29.7438
    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
    $16,035
    $468,000
    $310,870
    $778,870
    -
    $468,000
    $310,870
    $778,870

    Comparable in this City

    • Value Estimation
      $1,245,000
      12,400 SF

      600 Greenwood St

      WAREHOUSE, STORAGE • 12,400 SF
      600 Greenwood St, Houston, TX 77011
      View Details
    • Value Estimation by Request
      1,800 SF

      6611 Ave V V

      WAREHOUSE, STORAGE • 1,800 SF
      6611 Ave V V, Houston, TX 77011
      View Details
    • Value Estimation by Request
      22,440 SF

      7020 Avenue C

      Distribution properties • 22,440 SF
      7020 Avenue C, Houston, TX 77011
      View Details
    • Value Estimation by Request
      6,134 SF

      7215 Canal St

      WAREHOUSE, STORAGE • 6,134 SF
      7215 Canal St, Houston, TX 77011-2755
      View Details
    • Value Estimation
      $1,065,000
      18,060 SF

      7303 Wingate St

      WAREHOUSE, STORAGE • 18,060 SF
      7303 Wingate St, Houston, TX 77011-1645
      View Details
    • Value Estimation
      $1,025,000
      12,720 SF

      210 Baywood St

      WAREHOUSE, STORAGE • 12,720 SF
      210 Baywood St, Houston, TX 77011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,136 SF

      Industrial Property with Multiple Buildings

      Industrial property featuring three buildings and ample parking.
      6517 Harrisburg Blvd, Houston, TX 77011
      View Details
    • Contact for pricing
      18,706 SF

      Houston Industrial Property: Two Warehouses

      Historic East End warehouses, investment opportunity.
      5711 Navigation Blvd, Houston, TX 77011
      View Details
    • $650,000
      4,740 SF

      Houston Warehouse with Tall Ceilings

      4,740 SF warehouse featuring tall ceilings and upgraded facilities.
      115 Engel St, Houston, TX 77011
      View Details
    • Contact for pricing
      21,600 SF

      Harrisburg Blvd. Industrial Property

      21,600 SF Warehouse, Houston, TX
      6425 Harrisburg Blvd, Houston, TX 77011
      View Details
    • $1,300,000
      4,140 SF

      Industrial Warehouse with Rollup Doors

      4,140 SF warehouse featuring three 12'x12' rollup doors.
      7207 Navigation Blvd, Houston, TX 77011
      View Details
    • $650,000
      4,704 SF

      Houston Warehouse: $650K Investment

      Vacant Warehouse, 4704 sq ft, prime location
      115 Engel St, Houston, TX 77011
      View Details

    Similar Nearby for Lease

    • $0.95 SF/Yr
      13,500 SF

      Renovated Warehouse and Office Space

      Recently renovated warehouse and office space in East End Houston.
      5011 Navigation Blvd, Houston, TX 77011
      View Details
    • Contact for pricing
      21,343 SF

      Eado Flex Warehouse Spaces

      Three premium industrial spaces, Houston.
      5011 Navigation Blvd, Houston, TX 77011
      View Details
    • Contact for pricing

      Houston Industrial Space Available

      Industrial property for lease in Houston, featuring heavy electrical service.
      6501 Navigation Blvd, Houston, TX 77011
      View Details
    • $9 SF/Yr
      26,476 SF

      Clifton Drive Industrial Space

      26,476 SF Manufacturing Facility - Lease
      418 Clifton St, Houston, TX 77011
      View Details
    • $5,000 /Mo
      2,169 SF

      Daycare Facility in EaDo, Houston

      Turnkey daycare facility in Houston's historic Harrisburg Corridor.
      222 S 66Th St, Houston, TX 77011
      View Details
    • Contact for pricing
      12,000 SF

      Harrisburg Blvd Retail Space

      High-traffic Houston retail sublease opportunity.
      6740 Harrisburg Blvd, Houston, TX 77011
      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.
    7024 Ave N Ave
    Houston, TX 77011-1520
    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

    Google sign-in failed. Please try again or use another login method.