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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8990 Hempstead Rd Houston, TX 77008-6000

    • Office buildings
    • 44,484 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0235031
    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

    • M B Lane & Associates / Real Estate Agency
    • Senior Living at Emory LP / Nursing Home / Retirement Community
    • Disc Inc. / Video Duplication Service / Data Recovery Service
    • Bowie Garden Apartments LP / Apartment Building
    • THE NAIL HOUSE / Hair Salon / Nail Salon

    Property Details for 8990 Hempstead Rd

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Property size
    44,484 SF
    Property type
    Office buildings
    APN
    983270000011
    APU
    983270000011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,286,000
      Market price range: $1.29M - $4.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4478
    Latitude
    29.793
    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
    $42,820
    $786,555
    $854,232
    $1,640,787
    -
    $786,555
    $854,232
    $1,640,787

    Comparable in this City

    • Value Estimation
      $870,000
      11,976 SF

      1135 Hts Blvd

      OFFICE BUILDING • 11,976 SF
      1135 Hts Blvd, Houston, TX 77008-6915
      View Details
    • Value Estimation by Request
      8,601 SF

      3315 12th St

      OFFICE BUILDING • 8,601 SF
      3315 12th St, Houston, TX 77008-6121
      View Details
    • Value Estimation by Request
      8,712 SF

      1333 Hts Blvd

      OFFICE BUILDING • 8,712 SF
      1333 Hts Blvd, Houston, TX 77008-4286
      View Details
    • Value Estimation by Request
      2,616 SF

      603 11th St

      OFFICE BUILDING • 2,616 SF
      603 11th St, Houston, TX 77008-6711
      View Details
    • Value Estimation
      $680,000
      6,800 SF

      2410 Ella Blvd

      OFFICE BUILDING • 6,800 SF
      2410 Ella Blvd, Houston, TX 77008-2720
      View Details
    • Value Estimation
      $820,000
      33,094 SF

      3535 12th St

      OFFICE BUILDING • 33,094 SF
      3535 12th St, Houston, TX 77008-6005
      View Details

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      0.90 Acres

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      0.9-acre mixed-use development site
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      1.49 Acres

      Heights Residential Land - 1.49 Acres

      Prime Heights location, 1.49 acres, residential potential.
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    Similar Nearby for Lease

    • $23 SF/Yr
      157,794 SF

      North Loop West Office Building

      157,794 SF office building with convenient highway access.
      1415 North Loop West, Houston, TX 77008
      View Details
    • Contact for pricing
      2,601 SF

      Houston Heights Commercial Space

      2,601 SF Office/Retail - Prime Location
      1203 Durham Dr, Houston, TX 77008
      View Details
    • $60 SF/Yr
      6,500 SF

      Heights Freestanding Building

      6,500 SF Office/Retail Space in Houston
      743 11Th St, Houston, TX 77008
      View Details
    • Contact for pricing
      39,430 SF

      Houston Warehouse and Office Space

      Office/warehouse space with excellent access to major thoroughfares.
      2301-2399 Minimax St, Houston, TX 77008
      View Details
    • Contact for pricing
      1,967 SF

      Medical Office Building For Lease

      Boutique medical office building with robust improvements for better atmosphere.
      427 20Th St, Houston, TX 77008
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    • Contact for pricing

      Office Space For Lease

      Office space available for lease in the North Loop West submarket.
      1800 W 26Th St, Houston, TX 77008
      View Details
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    8990 Hempstead Rd
    Houston, TX 77008-6000
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    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
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