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

    875 Eldridge Pkwy, Unit 401 Houston, TX 77079-2745

    • High-rise multifamily apartments
    • 449,124 SF
    • 8.80 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3314839
    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

    • FOX Corporate Housing / Furnished Apartment Building / Apartment Rental Agency
    • TCI Group Inc / Transportation Service
    • The Atlantic Memorial / Apartment Building
    • RBV05 / Construction Company
    • Majestic Landscape Lighting Design & Lighting Installation / Lighting Contractor / Lighting Manufacturer

    Property Details for 875 Eldridge Pkwy

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    8.80 lot acres
    Property size
    449,124 SF
    Property type
    High-rise multifamily apartments
    APN
    1104160000019
    APU
    1104160000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.619
    Latitude
    29.7803
    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
    $793,086
    $15,337,120
    $52,278,259
    $67,615,379
    -
    $15,337,120
    $52,278,259
    $67,615,379

    Comparable in this City

    • Value Estimation
      $880,000
      197,895 SF

      770 Eldridge Pkwy, Unit 320

      HIGH-RISE APARTMENTS • 197,895 SF
      770 Eldridge Pkwy, Houston, TX 77079-4537
      View Details
    • Value Estimation
      $655,000
      260,603 SF

      1200 Dairy Ashford Rd, Unit 312

      HIGH-RISE APARTMENTS • 260,603 SF
      1200 Dairy Ashford Rd, Houston, TX 77079-3044
      View Details
    • Value Estimation
      $1,105,000
      168,685 SF

      777 Mayde Crk Dr, Unit 379

      HIGH-RISE APARTMENTS • 168,685 SF
      777 Mayde Crk Dr, Houston, TX 77079-6158
      View Details
    • Value Estimation
      $870,000
      20,615 SF

      14900 Memorial Dr, Unit 288

      HIGH-RISE APARTMENTS • 20,615 SF
      14900 Memorial Dr, Houston, TX 77079-4063
      View Details
    • Value Estimation
      $1,050,000
      158,752 SF

      14805 Grisby Rd, Unit 293

      HIGH-RISE APARTMENTS • 158,752 SF
      14805 Grisby Rd, Houston, TX 77079-2367
      View Details
    • Value Estimation
      $955,000
      205,479 SF

      935 Wilcrest Dr, Unit 396

      HIGH-RISE APARTMENTS • 205,479 SF
      935 Wilcrest Dr, Houston, TX 77079-3531
      View Details

    Similar Nearby for Sale

    • $210,000

      Renovated Condo Near CityCentre

      Updated 2 bed, 1.5 bath condo with modern amenities.
      12973 Trail Hollow Dr, Houston, TX 77079
      View Details
    • $289,500

      Updated Townhome in Memorial

      Updated 3-bedroom townhome/condo in Memorial, convenient location.
      13282 Trail Hollow Dr, Houston, TX 77079
      View Details
    • $665,000

      Energy Corridor Fourplex Investment Property

      Fourplex in prime Energy Corridor location, suitable for LTRs/Airbnb.
      732 Memorial Mews St, Houston, TX 77079
      View Details
    • $320,000

      Renovated Home in Gated Community

      Renovated 2 bed, 2.5 bath home in gated community.
      668 N Eldridge Pkwy, Houston, TX 77079
      View Details
    • $250,000
      2,274 SF

      Memorial Townhome Near City Center

      Conveniently located townhome near pool, City Center, and major highways.
      832 Wax Myrtle Ln, Houston, TX 77079
      View Details
    • $125,000

      Condo in Memorial Plaza Subdivision

      Condo near City Centre with community amenities and low HOA.
      841 Wax Myrtle Ln, Houston, TX 77079
      View Details

    Similar Nearby for Lease

    • $2,550 /Mo

      Updated Townhome in Energy Corridor

      Spacious, updated 4-bedroom townhome with modern amenities and community features.
      14293 Misty Meadow Ln, Houston, TX 77079
      View Details
    • $18 SF/Yr
      120,510 SF

      Prime Katy Fwy Office Space

      Houston Office Building - Multiple Suites Available
      11777 Katy Fwy, Houston, TX 77079
      View Details
    • Contact for pricing
      104,887 SF

      Memorial Dr Retail Space

      Houston Retail Opportunity: 3,502 SF Available
      14000 Memorial Dr, Houston, TX 77079
      View Details
    • $24 SF/Yr
      324 SF

      Katy Freeway Office Space Available

      Office spaces available for lease on Katy Freeway.
      13501 Katy Fwy, Houston, TX 77079
      View Details
    • $9 SF/Yr
      12,600 SF

      Houston Warehouse Space Available

      12,600 SF warehouse space for lease in Houston, TX.
      6102 Brittmoore Rd, Houston, TX 77079
      View Details
    • $19 SF/Yr
      117,261 SF

      The Westchester: Houston Office Space

      Prestigious Houston office suites, various sizes.
      11451 Katy Fwy, Houston, TX 77079
      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.
    875 Eldridge Pkwy, Unit 401
    Houston, TX 77079-2745
    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.