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

    938 Kingwood Dr Kingwood, TX 77339-4445

    • Garden apartment buildings
    • 21,160 SF
    • 10.73 lot acres
    OFF-MARKET
    Value Estimations
    $1,620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2398437
    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

    • Garden apartment buildings

    Property Details for 938 Kingwood Dr

    Year built
    1999
    Construction
    FRAME
    Lot size
    10.73 lot acres
    Property size
    21,160 SF
    Zone code
    5
    Property type
    Garden apartment buildings
    APN
    0405-02-03303
    APU
    4050203303

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,745,000
      Market price range: $733k - $1.75M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,290,000
      Current use
      OFFICE BUILDING
      $2,560,000
      Change: +98% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,290,000
      Change: +77% Conversion: Difficult
      RESTAURANT
      $2,050,000
      Change: +59% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,455,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $1,355,000
      Change: +5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,220,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $1,160,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingwood
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2447
    Latitude
    30.0489
    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
    2024
    $535,350
    $6,544,202
    $25,255,798
    $31,800,000
    -
    $6,544,202
    $25,255,798
    $31,800,000

    Comparable in this City

    • Value Estimation
      $1,150,000
      14,216 SF

      2921 Sycamore Spgs Dr, Unit 136

      GARDEN APT, COURT APT (5+ UNITS) • 14,216 SF
      2921 Sycamore Spgs Dr, Kingwood, TX 77339-1305
      View Details
    • Value Estimation
      $2,850,000
      30,882 SF

      938 Kingwood Dr, Unit 312

      GARDEN APT, COURT APT (5+ UNITS) • 30,882 SF
      938 Kingwood Dr, Humble, TX 77339-4458
      View Details
    • Value Estimation
      $1,155,000
      12,536 SF

      3700 Kingwood Dr, Unit 390

      GARDEN APT, COURT APT (5+ UNITS) • 12,536 SF
      3700 Kingwood Dr, Humble, TX 77339-3721
      View Details
    • Value Estimation
      $1,390,000
      15,072 SF

      2911 Sycamore Spgs Dr, Unit 168

      GARDEN APT, COURT APT (5+ UNITS) • 15,072 SF
      2911 Sycamore Spgs Dr, Humble, TX 77339-1395
      View Details
    • Value Estimation
      $730,000
      4,408 SF

      200 Kellington N Dr

      GARDEN APT, COURT APT (5+ UNITS) • 4,408 SF
      200 Kellington N Dr, Kingwood, TX 77339-1567
      View Details
    • Value Estimation
      $4,910,000
      256,275 SF

      2302 Ladbrook Dr, Unit 150

      GARDEN APT, COURT APT (5+ UNITS) • 256,275 SF
      2302 Ladbrook Dr, Humble, TX 77339-3145
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29.00 Acres

      29-Acre Commercial Land, Houston

      Prime Houston land, ideal development.
      0 Northpark Dr @ Sorters Mcclellan Rd, Porter, TX 77339
      View Details
    • $279,900

      Updated Single-Story Home in Kingwood

      Updated single-story home with wood floors, granite counters, and large deck.
      27088 Crown Chase Dr, Humble, TX 77339
      View Details
    • Contact for pricing
      3.50 Acres

      Houston Commercial Land - 3.5 Acres

      Prime Houston commercial land, ideal for development.
      0 Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      6.20 Acres

      Kingwood Commercial Land - 6.2 Acres

      Prime Houston commercial land, excellent location.
      0 Kingwood Pl Dr@ Future Creswell Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      12,216 SF

      Remodeled Office Building in Kingwood

      Remodeled Class B office building in the heart of Kingwood.
      2313 Timber Shadows Dr, Humble, TX 77339
      View Details
    • $800,000
      4,650 SF

      Kingwood Drive Medical/Professional Building

      Single-tenant medical/professional building in Kingwood, TX, 100% occupied.
      1308 Kingwood Dr, Humble, TX 77339
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      9,800 SF

      Kingwood Executive Office Suites

      Prime Kingwood Office Space Available
      2330 Timber Shadows, Houston, TX 77339
      View Details
    • $26 SF/Yr
      22,150 SF

      Kingwood Medical Office Space

      Modern medical suites, flexible sizes.
      23051 Kingwood Pl Dr, Houston, TX 77339
      View Details
    • $20 SF/Yr
      2,058 SF

      Kingwood Office Space For Rent

      Prime Kingwood location, turnkey ready for law firm.
      4300 Town Center Pl, Humble, TX 77339
      View Details
    • $20 SF/Yr
      34,719 SF

      Green Oak Professional Plaza, Humble

      Prime Houston-area office space for lease.
      2300 Greenoak Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      7,500 SF

      Houston Medical Office Suite

      1,206 SF Medical Office Available
      22749 Professional Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      48,484 SF

      Kings Crossing Town Center Investment

      Upscale Kingwood retail & office space. Multiple suites available.
      8 Main St, Houston, TX 77339
      View Details
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    938 Kingwood Dr
    Kingwood, TX 77339-4445
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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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