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

    917 Ashland Blvd, Unit 24 Channelview, TX 77530-2653

    • Garden apartment buildings
    • 5,200 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    8.9%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US82-3616129
    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

    • Hardy Residential Services Co. / Small Appliance Repair Service

    Property Details for 917 Ashland Blvd

    Year built
    1971
    Construction
    BRICK
    Lot size
    1.50 lot acres
    Property size
    5,200 SF
    Property type
    Garden apartment buildings
    APN
    760590040033
    APU
    760590040033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $530,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $244,000
      Market price range: $172k - $475k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $320,000
      Current use
      AUTO REPAIR, GARAGE
      $470,000
      Change: +47% Conversion: Difficult
      RESTAURANT
      $450,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $440,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $340,000
      Change: +7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $330,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Channelview
    County
    Harris
    State
    Texas
    Longitude
    -95.1345
    Latitude
    29.7924
    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
    $9,716
    $392,406
    $903,092
    $1,295,498
    -
    $392,406
    $903,092
    $1,295,498

    Comparable in this City

    • Value Estimation
      $420,000
      8,888 SF

      719 Sheldon Rd, Unit 54

      GARDEN APT, COURT APT (5+ UNITS) • 8,888 SF
      719 Sheldon Rd, Channelview, TX 77530-3534
      View Details
    • Value Estimation
      $340,000
      8,880 SF

      14903 Woodford St, Unit 24

      GARDEN APT, COURT APT (5+ UNITS) • 8,880 SF
      14903 Woodford St, Channelview, TX 77530-3260
      View Details
    • Value Estimation
      $340,000
      4,925 SF

      16107 Bear Byu Dr, Unit 37

      GARDEN APT, COURT APT (5+ UNITS) • 4,925 SF
      16107 Bear Byu Dr, Channelview, TX 77530-2811
      View Details
    • Value Estimation
      $475,000
      5,080 SF

      975 Sheldon Rd, Unit 74

      GARDEN APT, COURT APT (5+ UNITS) • 5,080 SF
      975 Sheldon Rd, Channelview, TX 77530-3547
      View Details
    • Value Estimation
      $730,000
      7,368 SF

      905 Ashland Blvd, Unit 123

      GARDEN APT, COURT APT (5+ UNITS) • 7,368 SF
      905 Ashland Blvd, Channelview, TX 77530-2628
      View Details
    • Value Estimation
      $345,000
      8,376 SF

      16415 Woodrow St, Unit 24

      GARDEN APT, COURT APT (5+ UNITS) • 8,376 SF
      16415 Woodrow St, Channelview, TX 77530-4653
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Versatile Investment Property in Channelview

      One-acre property with commercial/residential zoning and income-producing mobile homes.
      16809 Market St, Channelview, TX 77530
      View Details
    • $575,000

      Redevelopment Opportunity on Oversized Lot

      Oversized lot with warehouse, office, and two single-family homes.
      16219 Bear Bayou Dr, Channelview, TX 77530
      View Details
    • $725,000
      7,500 SF

      Unrestricted Property with New Warehouse

      1.06-acre property featuring a new 7,500 sq ft warehouse.
      15414 N Brentwood St, Channelview, TX 77530
      View Details
    • Contact for pricing
      171,373 SF

      Channelview Warehouse For Sale

      171,373 SF Warehouse, Excellent Location
      0 Carpenters Logistics Dr, Channelview, TX 77530
      View Details
    • $73,000

      Channelview Vacant Lot For Sale

      Half-acre vacant commercial lot in Channelview, Texas, near I-10.
      17325 River Rd, Channelview, TX 77530
      View Details
    • $11,872,514
      109,489 SF

      Channelview Medical Office Portfolio

      Multi-tenant medical complex, high cap rate.
      15055 Fwy Service Rd, Channelview, TX 77530
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Channelview Industrial Property For Lease

      14-Acre Manufacturing/Warehouse Space
      16425 Jacintoport Blvd, Channelview, TX 77530
      View Details
    • Contact for pricing
      5,700 SF

      Channelview Warehouse: 5,700 SF

      Prime Channelview industrial warehouse, ideal for auto or retail.
      226 Dell Dale St, Channelview, TX 77530
      View Details
    • Contact for pricing
      1,296 SF

      Channelview Office Space Available

      Office space available for rent in Channelview, Texas.
      15055 East Fwy, Channelview, TX 77530
      View Details
    • Contact for pricing
      28,880 SF

      Grocery Anchored Retail Spaces

      Retail spaces and pad site available in Channelview, Texas.
      Sheldon Rd, Channelview, TX 77530
      View Details
    • $1.25 SF/Yr
      1,250 SF

      Channelview Flex/Industrial Space Available

      Flex/Industrial space available for lease in Channelview, Texas.
      15435 East Fwy, Channelview, TX 77530
      View Details
    • $19 SF/Yr
      67,630 SF

      Beltway Plaza Executive Offices

      Channelview, TX Office Space Available
      15201 Fwy Service Rd, Channelview, TX 77530
      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.
    917 Ashland Blvd, Unit 24
    Channelview, TX 77530-2653
    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.