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

    7029 Fm 1960th E Rd Humble, TX 77346-2703

    • Retail space
    • 10,783 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0971985
    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

    • Retail space

    Property Details for 7029 Fm 1960th E Rd

    Year built
    2006
    Construction
    BRICK
    Lot size
    1.84 lot acres
    Property size
    10,783 SF
    Property type
    Retail space
    APN
    1276930010002
    APU
    1276930010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $485,000
      Market price range: $252k - $486k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $340,000
      Current use
      AUTO REPAIR, GARAGE
      $680,000
      Change: +98% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $660,000
      Change: +92% Conversion: Difficult
      MEDICAL BUILDING
      $505,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.171
    Latitude
    29.9988
    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
    $32,352
    $1,603,880
    $2,775,032
    $4,378,912
    -
    $1,603,880
    $2,775,032
    $4,378,912

    Comparable in this City

    • Value Estimation
      $290,000
      6,912 SF

      6931 Atascocita Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,912 SF
      6931 Atascocita Rd, Humble, TX 77346-2820
      View Details
    • Value Estimation
      $305,000
      3,400 SF

      5407 Fm 1960th E Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      5407 Fm 1960th E Rd, Humble, TX 77346-2626
      View Details
    • Value Estimation
      $395,000
      16,344 SF

      7515 Tournament Trl Dr

      RETAIL STORES (PERSONAL SERVICES) • 16,344 SF
      7515 Tournament Trl Dr, Humble, TX 77346-3801
      View Details
    • Value Estimation
      $300,000
      7,636 SF

      7203 Atascocita Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,636 SF
      7203 Atascocita Rd, Humble, TX 77346-4900
      View Details
    • Value Estimation
      $345,000
      2,148 SF

      4712 Atascocita Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,148 SF
      4712 Atascocita Rd, Humble, TX 77346-3776
      View Details
    • Value Estimation
      $410,000
      15,876 SF

      6310 Fm 1960th E Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,876 SF
      6310 Fm 1960th E Rd, Humble, TX 77346-2718
      View Details

    Similar Nearby for Sale

    • $1,361,250
      2.50 Acres

      Prime Atascocita Commercial Land

      2.5-acre commercial lot, ideal location.
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    • $39,999

      Commercial Land in Humble, Texas

      11,955 sq ft commercial land near FM 1960.
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    • $334,400
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      Atascocita Office Condo - $334,400

      1,225 SF Office Condo, New Construction
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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
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    • Contact for pricing

      Unrestricted Land on FM 1960

      Unrestricted commercial land with extensive frontage on FM 1960.
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    • $89,000
      32,287 SF

      Residential Lot in Humble, TX

      Large residential lot with development potential in Humble, Texas.
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,500 SF

      Retail Space on FM 1960

      1500 SF retail space ideal for salon or spa.
      5520 Fm 1960 Rd, Humble, TX 77346
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Humble, Texas

      Retail space available for lease in Humble, Texas.
      5371 Atascocita Rd, Humble, 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
    • $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
    • $0.75 SF/Yr
      6,200 SF

      Humble Retail Space For Lease

      6,200 SF retail space available for lease in Humble.
      5311 Fm 1960 Rd E, Humble, TX 77346
      View Details
    • $29 SF/Yr
      2,885 SF

      Retail Space in Master Planned Community

      Retail space available in Timber Forest, Humble, Texas.
      4902 Atascocita Rd, Humble, TX 77346
      View Details
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    Humble, TX 77346-2703
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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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