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

    802 Seminar Dr, Unit 232 Houston, TX 77060-3006

    • Garden apartment buildings
    • 12,048 SF
    • 9.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4002557
    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

    • T Killings Investments / Financial Advisor
    • Jackie's Home Health Care / Home Health Care Service

    Property Details for 802 Seminar Dr

    Year built
    1979
    Construction
    BRICK
    Lot size
    9.44 lot acres
    Property size
    12,048 SF
    Property type
    Garden apartment buildings
    APN
    1088290000001
    APU
    1088290000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3873
    Latitude
    29.9495
    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
    $23,370
    $1,911,402
    $500,000
    $2,411,402
    -
    $1,911,402
    $500,000
    $2,411,402

    Comparable in this City

    • Value Estimation by Request
      6,336 SF

      400 Grns Rd, Unit 286

      GARDEN APT, COURT APT (5+ UNITS) • 6,336 SF
      400 Grns Rd, Houston, TX 77060-2109
      View Details
    • Value Estimation
      $540,000
      12,816 SF

      818 Richcrest Dr, Unit 400

      GARDEN APT, COURT APT (5+ UNITS) • 12,816 SF
      818 Richcrest Dr, Houston, TX 77060-6211
      View Details
    • Value Estimation
      $525,000
      9,432 SF

      535 Seminar Dr, Unit 509

      GARDEN APT, COURT APT (5+ UNITS) • 9,432 SF
      535 Seminar Dr, Houston, TX 77060-1546
      View Details
    • Value Estimation by Request
      17,592 SF

      198 Goodson Dr, Unit 148

      GARDEN APT, COURT APT (5+ UNITS) • 17,592 SF
      198 Goodson Dr, Houston, TX 77060-4324
      View Details
    • Value Estimation
      $615,000
      15,936 SF

      17030 Imperial Vly Dr, Unit 244

      GARDEN APT, COURT APT (5+ UNITS) • 15,936 SF
      17030 Imperial Vly Dr, Houston, TX 77060-2860
      View Details
    • Value Estimation by Request
      23,352 SF

      301 Benmar Dr, Unit 466

      GARDEN APT, COURT APT (5+ UNITS) • 23,352 SF
      301 Benmar Dr, Houston, TX 77060-2905
      View Details

    Similar Nearby for Sale

    • $95,000

      Updated Condo in Gated Community

      Updated condo with easy access to amenities and transportation.
      17230 Imperial Valley Dr, Houston, TX 77060
      View Details
    • $270,000

      Income-Producing Four-Unit Multi-Family Dwelling

      Four-unit multi-family property with strong rental income potential.
      14929 Henry Rd, Houston, TX 77060
      View Details
    • $485,000

      Mobile Home and RV Park

      Income-producing property with mobile home and RV spaces.
      113 Busch St, Houston, TX 77060
      View Details
    • $699,000

      Income-Producing Land with Development Potential

      Income-producing land with multiple lots and development opportunities.
      14811 W Hardy Rd, Houston, TX 77060
      View Details
    • $80,000
      966 SF

      Renovated Townhome Near Bush Airport

      Renovated one-bedroom townhome near Bush Airport, tenant occupied.
      17210 Imperial Valley Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      10.99 Acres

      10.99 Acres Houston Commercial Land

      Prime Houston industrial land, excellent access.
      14661 Hardy Rd, Houston, TX 77060
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Garage Apartment with New Amenities

      One bedroom garage apartment with new kitchen and bath.
      538 Glenvale Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      1 SF

      Tulsa Welding School - Retail Space

      Prime Retail Space, Trade School Proximity
      243 Greens Rd, Houston, TX 77060
      View Details
    • $13 SF/Yr
      86,999 SF

      Houston Office Space for Lease

      Greenspoint Executive Suites, Coworking Available
      16770 Imperial Valley Dr, Houston, TX 77060
      View Details
    • $12 SF/Yr
      338 SF

      Window Office Space Available

      Serviced office space for rent with shared amenities.
      340-350 N Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • $9 SF/Yr
      1,450 SF

      Restaurant and Retail Space Available

      Second generation restaurant and retail space in busy shopping center.
      704 Greens Rd, Houston, TX 77060
      View Details
    • New
      Contact for pricing

      Northchase Drive

      Entire center
      16510 Northchase Dr 1Rst &, Houston, TX 77060
      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.
    802 Seminar Dr, Unit 232
    Houston, TX 77060-3006
    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.