Add Listing
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

    7350 Ave C C, Unit 72 Houston, TX 77011-3808

    • Garden apartment buildings
    • 49,590 SF
    • 1.72 lot acres
    OFF-MARKET
    Value Estimations
    $7,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1788871
    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 7350 Ave C C

    Year built
    2018
    Construction
    METAL FRAME
    Lot size
    1.72 lot acres
    Property size
    49,590 SF
    Property type
    Garden apartment buildings
    APN
    1394710010001
    APU
    1394710010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,365,000
      6.5%
      $8,645,000
      7%
      $8,025,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,607,000
      Market price range: $4.19M - $6.61M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,220,000
      Current use
      COMMERCIAL (GENERAL)
      $8,005,000
      Change: +53% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $7,530,000
      Change: +44% Conversion: Difficult
      RESTAURANT
      $6,680,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2948
    Latitude
    29.7344
    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
    $202,463
    $1,125,810
    $9,697,500
    $10,823,310
    -
    $1,125,810
    $9,697,500
    $10,823,310

    Comparable in this City

    • Value Estimation
      $9,685,000
      63,000 SF

      7250 Ave C C, Unit 88

      GARDEN APT, COURT APT (5+ UNITS) • 63,000 SF
      7250 Ave C C, Houston, TX 77011-3716
      View Details
    • Value Estimation by Request
      1,702 SF

      221 Caylor St, Unit 36

      GARDEN APT, COURT APT (5+ UNITS) • 1,702 SF
      221 Caylor St, Houston, TX 77011-3400
      View Details
    • Value Estimation by Request
      6,768 SF

      211 Bryan St, Unit 24

      GARDEN APT, COURT APT (5+ UNITS) • 6,768 SF
      211 Bryan St, Houston, TX 77011-2200
      View Details
    • Value Estimation by Request
      2,976 SF

      7015 Capitol St, Unit 24

      GARDEN APT, COURT APT (5+ UNITS) • 2,976 SF
      7015 Capitol St, Houston, TX 77011-4653
      View Details
    • Value Estimation by Request
      3,876 SF

      308 Clifton St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,876 SF
      308 Clifton St, Houston, TX 77011-4371
      View Details
    • Value Estimation by Request
      1,431 SF

      4809 Sherman St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 1,431 SF
      4809 Sherman St, Houston, TX 77011-3171
      View Details

    Similar Nearby for Sale

    • $849,900

      Renovated Multifamily Property with Five Units

      Fully leased, renovated five-unit property near downtown Houston.
      210 Burr St, Houston, TX 77011
      View Details
    • $675,000

      East Downtown Multifamily Investment Opportunity

      Multifamily property in East Downtown Houston with leased and available units.
      6823 Avenue E, Houston, TX 77011
      View Details
    • $700,000

      Turnkey Multifamily Complex in EaDo

      Fully occupied, cash-flowing 10-unit apartment complex in East Downtown Houston.
      7109 Avenue E 12, Houston, TX 77011
      View Details
    • $715,000

      EaDo Triplex Investment Opportunity

      Triplex in Houston's growing EaDo neighborhood, great investment potential.
      304 Eastwood St, Houston, TX 77011
      View Details
    • $396,000

      East End Multifamily Investment Opportunity

      Four units in Houston's East End, great investment potential.
      305 Eastwood St, Houston, TX 77011
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Houston Multifamily Property for Rent

      Multifamily property available for rent in Houston, Texas.
      7320 Capitol St, Houston, TX 77011
      View Details
    • $7 SF/Yr
      8,866 SF

      Magnolia Social: Prime Office Space

      Versatile Office, Retail, & Event Space
      6402 Harrisburg Blvd, Houston, TX 77011
      View Details
    • Contact for pricing
      6,114 SF

      Office Space Available For Rent

      Office space available for rent at 4430 Harrisburg Blvd.
      4430 Harrisburg 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
    • $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
    • $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
    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.
    7350 Ave C C, Unit 72
    Houston, TX 77011-3808
    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.
    Sign Up Successful!
    You now have access to more from Realmo!