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

    7506 Ave N Ave, Unit 7 Houston, TX 77012-1028

    • Apartment buildings
    • 3,568 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2454270
    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

    • Apartment buildings

    Property Details for 7506 Ave N Ave

    Year built
    1930
    Construction
    WOOD FRAME
    Lot size
    0.11 lot acres
    Property size
    3,568 SF
    Property type
    Apartment buildings
    APN
    251940000052
    APU
    251940000052

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $441,000
      Market price range: $285k - $527k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $395,000
      Current use
      RETAIL STORES
      $445,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $335,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2882
    Latitude
    29.741
    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
    $7,107
    $90,000
    $263,599
    $353,599
    -
    $90,000
    $263,599
    $353,599

    Comparable in this City

    • Value Estimation
      $395,000
      4,252 SF

      7801 Ave E Ave, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 4,252 SF
      7801 Ave E Ave, Houston, TX 77012-1352
      View Details
    • Value Estimation
      $265,000
      4,932 SF

      901 77th St, Unit 12

      APARTMENT HOUSE (5+ UNITS) • 4,932 SF
      901 77th St, Houston, TX 77012-1111
      View Details
    • Value Estimation
      $315,000
      4,710 SF

      7938 Elwood St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 4,710 SF
      7938 Elwood St, Houston, TX 77012-1636
      View Details
    • Value Estimation
      $245,000
      3,174 SF

      1314 Fennell St, Unit 9

      APARTMENT HOUSE (5+ UNITS) • 3,174 SF
      1314 Fennell St, Houston, TX 77012-3021
      View Details
    • Value Estimation
      $285,000
      468 SF

      8414 Gibbons St, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 468 SF
      8414 Gibbons St, Houston, TX 77012-3726
      View Details
    • Value Estimation
      $440,000
      7,968 SF

      7707 Glover St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 7,968 SF
      7707 Glover St, Houston, TX 77012-3647
      View Details

    Similar Nearby for Sale

    • $490,000

      East End Six-Plex Investment Opportunity

      Income-generating six-plex in Houston's East End neighborhood.
      716 S 79Th St, Houston, TX 77012
      View Details
    • $370,000

      Houston Triplex with Upgraded Units

      Triplex with upgraded units, great natural light, and no HOA.
      7318 Dahlia St, Houston, TX 77012
      View Details
    • $380,000

      Renovated Duplex Near Texas Medical

      Fully renovated duplex with modern amenities, ideal for rental income.
      7909 Goode St, Houston, TX 77012
      View Details
    • $275,000

      Houston Triplex Near Texas Medical

      Three-unit property near Texas Medical Center, University of Houston, Downtown.
      7525 Canal St, Houston, TX 77012
      View Details
    • $2,800,000
      23,000 SF

      Retail Showroom on Broadway Boulevard

      23,000 SF retail showroom on a signalized corner.
      1115 Broadway St, Houston, TX 77012
      View Details
    • $349,000

      Unrestricted Land Near Sellers Brothers

      1/3 acre of unrestricted land with high visibility.
      2002 Broadway St, Houston, TX 77012
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      3,936 SF

      HVAC Flex Space Available

      3,936 SF flex space with HVAC and conversion potential.
      7524 Avenue N, Houston, TX 77012
      View Details
    • $4,500 /Mo
      4,140 SF

      Industrial Warehouse Space Available

      4,140 SF warehouse space for lease in Houston, TX.
      2736 Fennell St, Houston, TX 77012
      View Details
    • $6 SF/Yr
      119,500 SF

      Lawndale Business Park Warehouses

      Houston industrial space for lease. Multiple units available.
      8910 Lawndale St, Houston, TX 77012
      View Details
    • $8,500 /Mo
      5,000 SF

      Industrial Suite with Office Space

      Industrial suite featuring office, production, and warehouse areas for lease.
      8910-8930 Lawndale St, Houston, TX 77012
      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.
    7506 Ave N Ave, Unit 7
    Houston, TX 77012-1028
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.