Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7500 Pinemont Dr, Unit 296 Houston, TX 77040-6421
    Back to Search
    Property profile & analytics

    7500 Pinemont Dr, Unit 296, Houston, TX 77040-6421

    View on Map
    • Garden apartment buildings
    • 10,710 SF
    • 8.39 lot acres
    Off-Market
    Property ID
    US82-4041527
    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.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shadow Creek Apartments & Townhomes / Apartment Complex / Apartment Building
    • C&G Remodeling / Construction Company / General Contractor
    • SHINE AWAY CLEANING / Hardware & Home Improvement
    • Burns Automotive / Auto Repair Shop

    Property Details for 7500 Pinemont Dr

    Year built
    1980
    Construction
    FRAME
    Lot size
    8.39 lot acres
    Property type
    Garden apartment buildings
    APN
    1077660000002
    APU
    1077660000002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 17, 2022 — Gladsheim Re LLC — Deed · related $23.1M · Bds IV Mortgage Capital G LLC
    Dec 3, 2018 — Shadow Creek Houston LLC — Deed · related $17.3M · Arbor Com'l Fndg I LLC
    — — Shadow Creek Houston LLC — Deed Of Trust · related $17.3M · Arbor Com'l Fndg I LLC
    — — Am Shadow Creek LLC — Loan Modification · related $2.3M · Citibank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $535,000
      Market price range: $273k - $536k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $375,000
      Current use
      AUTO REPAIR, GARAGE
      $735,000
      Change: +95% Conversion: Difficult
      RESTAURANT
      $720,000
      Change: +91% Conversion: Difficult
      MEDICAL BUILDING
      $685,000
      Change: +81% Conversion: Moderate
      RETAIL STORES
      $600,000
      Change: +60% Conversion: Difficult
      WAREHOUSE, STORAGE
      $365,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5042
    Latitude
    29.8426
    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
    $284,453
    $2,923,680
    $18,174,280
    $21,097,960
    -
    $2,923,680
    $18,174,280
    $21,097,960

    Comparable in this City

    • Value Estimation
      $510,000
      14,556 SF

      6969 Hollister St, Unit 216

      GARDEN APT, COURT APT (5+ UNITS)
      6969 Hollister St, Houston, TX 77040-5300
      View Details
    • Value Estimation
      $845,000
      27,814 SF

      14555 Philippine St, Unit 328

      GARDEN APT, COURT APT (5+ UNITS)
      14555 Philippine St, Houston, TX 77040-7810
      View Details
    • Value Estimation by Request
      8,254 SF

      8047 Grow Ln, Unit 337

      GARDEN APT, COURT APT (5+ UNITS)
      8047 Grow Ln, Houston, TX 77040-5995
      View Details
    • Value Estimation
      $515,000
      14,732 SF

      5801 Hollister St, Unit 274

      GARDEN APT, COURT APT (5+ UNITS)
      5801 Hollister St, Houston, TX 77040-5711
      View Details
    • Value Estimation by Request
      16,664 SF

      5915 Flintlock Rd, Unit 192

      GARDEN APT, COURT APT (5+ UNITS)
      5915 Flintlock Rd, Houston, TX 77040-5131
      View Details
    • Value Estimation
      $885,000
      29,056 SF

      14651 Philippine St, Unit 254

      GARDEN APT, COURT APT (5+ UNITS)
      14651 Philippine St, Houston, TX 77040-6963
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      45,500 SF

      Industrial Property in Houston, Texas

      45,500 square foot industrial property available for sale.
      5220 Ted St, Houston, TX 77040
      View Details
    • Contact for pricing

      Beltway 8 Frontage Land

      2.39 AC land with high-visibility Beltway 8 frontage.
      West Sam Houston Pkwy North, Houston, TX 77040
      View Details
    • Contact for pricing

      Commercial Land with Highway Frontage

      Land with high visibility, utilities, and highway access.
      6400 Windfern Rd, Houston, TX 77040
      View Details
    • Contact for pricing

      Flex Office & Warehouse Facility

      Fully fenced flex campus with front-loading clear-span warehouse, HVAC office, and grade-level loading for versatile operations.
      13200 Hempstead Rd, Houston, TX 77040
      View Details
    • Contact for pricing

      Front-Loading Flex Warehouse

      Fully fenced, gated industrial space with dock and front-loading access plus HVAC office accommodations.
      12816 Hempstead Rd, Houston, TX 77040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Adaptable Industrial Rental Space

      Flexible office/warehouse space ready for customization in Houston, TX.
      14201-14227 Aston St, Houston, TX 77040
      View Details
    • Contact for pricing
      194,750 SF

      Distribution Center with Cross Dock

      194,780 SF divisible distribution center with cross dock.
      7810 North Houston Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      21,230 SF

      Warehouse Space Near US 290

      21,230 SF warehouse space available for short-term lease.
      6310 Rothway St, Houston, TX 77040
      View Details
    • Contact for pricing

      Northwest Freeway Flex Space Available

      Flex space available for lease on Northwest Freeway, Houston.
      14655 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing

      Retail Space with Freeway Access

      Retail space with excellent visibility and access from US 290.
      13232 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing
      1,875 SF

      Houston Flex Space For Rent

      Flex space available for lease in Houston, Texas.
      14201-14227 Aston St, Houston, TX 77040
      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.
    7500 Pinemont Dr, Unit 296
    Houston, TX 77040-6421
    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

    Thank You for Inquiry
    7500 Pinemont Dr, Houston, TX, 77040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!