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

    7315 Fm 1960th E Rd Humble, TX 77346-3130

    • Medical offices
    • 4,662 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3712179
    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

    • Medical offices

    Property Details for 7315 Fm 1960th E Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.93 lot acres
    Property size
    4,662 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1306490010002
    APU
    1306490010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $303,000
      Market price range: $130k - $304k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $220,000
      Current use
      AUTO REPAIR, GARAGE
      $295,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $215,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.1683
    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
    $15,734
    $811,780
    $1,241,741
    $2,053,521
    -
    $811,780
    $1,241,741
    $2,053,521

    Comparable in this City

    • Value Estimation
      $400,000
      10,610 SF

      20031 Lk Houston Pkwy

      MEDICAL BUILDING • 10,610 SF
      20031 Lk Houston Pkwy, Humble, TX 77346-3432
      View Details
    • Value Estimation
      $390,000
      12,856 SF

      18700 Lk Houston Pkwy

      MEDICAL BUILDING • 12,856 SF
      18700 Lk Houston Pkwy, Humble, TX 77346-3349
      View Details
    • Value Estimation
      $420,000
      6,546 SF

      19020 Lk Houston Pkwy

      MEDICAL BUILDING • 6,546 SF
      19020 Lk Houston Pkwy, Humble, TX 77346-5131
      View Details
    • Value Estimation
      $605,000
      11,301 SF

      19143 Lk Houston Pkwy

      MEDICAL BUILDING • 11,301 SF
      19143 Lk Houston Pkwy, Humble, TX 77346-4800
      View Details
    • Value Estimation
      $405,000
      8,225 SF

      5132 Atascocita Rd

      MEDICAL BUILDING • 8,225 SF
      5132 Atascocita Rd, Humble, TX 77346-2845
      View Details
    • Value Estimation
      $205,000
      16,012 SF

      7810 Fm 1960th E Rd

      MEDICAL BUILDING • 16,012 SF
      7810 Fm 1960th E Rd, Humble, TX 77346-2252
      View Details

    Similar Nearby for Sale

    • $334,400
      1,225 SF

      Atascocita Office Condo - $334,400

      1,225 SF Office Condo, New Construction
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    • $89,000

      Unrestricted Land Near FM 1960

      Versatile land suitable for residential, commercial, or mixed-use development.
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    • $379,900

      Versatile Land Near Highway 59

      1.29-acre lot suitable for mixed-use development near Highway 59.
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    • $99,000

      Unrestricted Wooded Land Near IAH

      Versatile, unrestricted land near FM 1960, 15 minutes from IAH.
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    • $95,000

      Commercial Lot on Main Roadway

      Large commercial lot available on a main roadway.
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    • $1,361,250
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      Prime Atascocita Commercial Land

      2.5-acre commercial lot, ideal location.
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    Similar Nearby for Lease

    • $25 SF/Yr
      6,120 SF

      Lake Houston Office Condos

      New Atascocita Office Suites, 1225-6120 SF
      17904 Lk Houston Pkwy, Atascocita, TX 77346
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    • Contact for pricing
      55,430 SF

      Atascocita Commons: Medical & Retail Space

      Prime Humble, TX commercial space available. Multiple suites, ample parking.
      6621-7103 Fm 1960 Rd, Humble, TX 77346
      View Details
    • $17 SF/Yr
      13,247 SF

      Prime Medical Office Space in Houston

      13,247 SF Office Building, Suites Available
      7810 Farm To Market 1960 Rd, Atascocita, TX 77346
      View Details
    • Contact for pricing
      3,144 SF

      Humble Office Space Available

      Office space available for lease in Humble, Texas.
      17903 Lake Houston Pkwy, Humble, TX 77346
      View Details
    • Contact for pricing
      13,665 SF

      Humble Office Building for Lease

      Prime Atascocita Office Space, 13,665 SF
      18525 Lake Houston Pkwy, Humble, TX 77346
      View Details
    • $18 SF/Yr
      53,170 SF

      Atascocita Retail Center Opportunity

      53,170 SF Retail Space Available
      7506 Farm To Market 1960 Rd, Humble, TX 77346
      View Details
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    Humble, TX 77346-3130
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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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