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

    7250 Grns Rd, Unit 260 Houston, TX 77064-1133

    • Garden apartment buildings
    • 8,203 SF
    • 8.26 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2021
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2701469
    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

    • Garden apartment buildings

    Property Details for 7250 Grns Rd

    Year built
    1983
    Construction
    FRAME
    Lot size
    8.26 lot acres
    Property size
    8,203 SF
    Property type
    Garden apartment buildings
    APN
    1157820010020
    APU
    1157820010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $768,000
      Market price range: $269k - $769k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $515,000
      Current use
      RESTAURANT
      $580,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $525,000
      Change: +2% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $490,000
      Change: -5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $415,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5353
    Latitude
    29.9567
    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
    $310,405
    $3,597,720
    $20,345,184
    $23,942,904
    -
    $3,597,720
    $20,345,184
    $23,942,904

    Comparable in this City

    • Value Estimation
      $1,755,000
      16,806 SF

      9500 Ww Rd, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 16,806 SF
      9500 Ww Rd, Houston, TX 77064-7256
      View Details
    • Value Estimation
      $1,430,000
      14,040 SF

      13021 Windfern Rd, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 14,040 SF
      13021 Windfern Rd, Houston, TX 77064-3006
      View Details
    • Value Estimation
      $545,000
      3,362 SF

      11240 Perry Rd, Unit 48

      GARDEN APT, COURT APT (5+ UNITS) • 3,362 SF
      11240 Perry Rd, Houston, TX 77064-4591
      View Details
    • Value Estimation
      $2,250,000
      22,260 SF

      9404 Ww Rd, Unit 280

      GARDEN APT, COURT APT (5+ UNITS) • 22,260 SF
      9404 Ww Rd, Houston, TX 77064-7233
      View Details
    • Value Estimation
      $3,375,000
      35,774 SF

      10901 Ranchstone Dr, Unit 220

      GARDEN APT, COURT APT (5+ UNITS) • 35,774 SF
      10901 Ranchstone Dr, Houston, TX 77064-8884
      View Details
    • Value Estimation
      $2,635,000
      27,228 SF

      12330 Gessner Rd, Unit 336

      GARDEN APT, COURT APT (5+ UNITS) • 27,228 SF
      12330 Gessner Rd, Houston, TX 77064-7642
      View Details

    Similar Nearby for Sale

    • $189,000

      Residential Lot in Lakes of Jersey

      Last available lot in the Lakes of Jersey Village.
      104 Cherry Hills Dr, Houston, TX 77064
      View Details
    • Contact for pricing
      6,500 SF

      Houston Industrial Space For Sale/Lease

      Prime Houston warehouse, 6,500-22,500 SF
      7918-7946 Breen Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      0.85 Acres

      SH 249 Commercial Land Investment

      High-visibility Houston land with billboard income.
      0 Tx-249, Houston, TX 77064
      View Details
    • Contact for pricing
      7,150 SF

      Houston Warehouse: 7,150 SF

      Industrial warehouse for sale or lease.
      7930 Breen Dr, Houston, TX 77064
      View Details
    • Contact for pricing
      24,500 SF

      Houston Industrial Warehouse For Sale

      24,500 SF industrial warehouse with office space in Houston.
      8603 Derrington Rd, Houston, TX 77064
      View Details
    • Contact for pricing

      Raw Land on Breen Drive

      Approximately 11.31 acres of raw land with direct access.
      8300 Breen Dr, Houston, TX 77064
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,860 SF

      Houston Retail Space - 1860 SF

      Willowbrook Retail Opportunity: 1860 sq ft.
      7300 Greens Rd, Houston, TX 77064
      View Details
    • $22 SF/Yr
      3,144 SF

      Prime Houston Restaurant Land

      Restaurant & Land Lease Opportunity
      8110 Sam Houston Pkwy, Houston, TX 77064
      View Details
    • Contact for pricing
      134,000 SF

      Houston Retail Space For Lease

      Prime retail location near Willowbrook Mall in Houston, Texas.
      12605 North Gessner Dr, Houston, TX 77064
      View Details
    • Contact for pricing
      35,000 SF

      Houston Land Available For Lease

      Land available for lease in Houston, Texas.
      9555 W Sam Houston Pkwy S, Houston, TX 77064
      View Details
    • $20 SF/Yr
      47,995 SF

      Highway 249 Office Space Available

      Office spaces available for lease near Willowbrook Mall.
      17314 State Highway 249, Houston, TX 77064
      View Details
    • Contact for pricing
      6,000 SF

      Houston Warehouse Space Available

      6,000 SF warehouse space for lease in Houston.
      10202 Fairbanks N Houston Rd N Houston, Houston, TX 77064
      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.
    7250 Grns Rd, Unit 260
    Houston, TX 77064-1133
    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.