Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Normandy St Houston, TX 77015
    Property profile & analytics

    Normandy St Houston, TX 77015

    View on Map
    • Commercial land
    • 3,200 SF
    • 3.35 lot acres
    Off-Market
    Property ID
    US82-7948864
    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.
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for Normandy St

    Year built
    1997
    Lot size
    3.35 lot acres
    Property size
    3,200 SF
    Property type
    Commercial land
    APN
    402670020149
    APU
    402670020149

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $650,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $814,000
      Market price range: $334k - $815k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $590,000
      Current use
      OFFICE BUILDING
      $780,000
      Change: +32% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2036
    Latitude
    29.7831
    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
    $4,439
    $437,319
    $0.00
    $437,319
    -
    $437,319
    $0.00
    $437,319

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      12740 Ee Fwy

      VACANT COMMERCIAL LAND • 0.20 Acres
      12740 Ee Fwy, Houston, TX 77015-5634
      View Details
    • Value Estimation by Request
      0.20 Acres

      12740 Ee Fwy

      VACANT COMMERCIAL LAND • 0.20 Acres
      12740 Ee Fwy, Houston, TX 77015-5634
      View Details
    • Value Estimation by Request
      0.13 Acres

      14402 Corpus Christi St

      VACANT COMMERCIAL LAND • 0.13 Acres
      14402 Corpus Christi St, Houston, TX 77015-4120
      View Details
    • Value Estimation by Request
      0.17 Acres

      Federal Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      Federal Rd, Houston, TX 77015
      View Details
    • Value Estimation by Request
      0.16 Acres

      845 Freeport St

      VACANT COMMERCIAL LAND • 0.16 Acres
      845 Freeport St, Houston, TX 77015-4676
      View Details
    • Value Estimation by Request
      0.15 Acres

      13903 Hillsboro St

      VACANT COMMERCIAL LAND • 0.15 Acres
      13903 Hillsboro St, Houston, TX 77015-4639
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Lot For Sale

      Hard corner lot with high visibility and accessibility.
      1012 Freeport St, Houston, TX 77015
      View Details
    • $50,000

      Cleared Land Ready to Build

      Cul-de-sac lot near I-10 and commercial corridors.
      12801 Samuel Ln, Houston, TX 77015
      View Details
    • Contact for pricing

      Commercial Property with Warehouse/Office Space

      2-acre commercial property with warehouse and office space in Houston.
      14519 Kenny St, Houston, TX 77015
      View Details
    • Contact for pricing
      42,859 SF

      Raw Land East Houston

      42,859 sqft of raw land on Houston's East side.
      12980 East Fwy, Houston, TX 77015
      View Details
    • $375,000

      High Visibility Commercial Lot

      Prime commercial lot with high visibility and excellent potential.
      12314 Market Street Rd, Houston, TX 77015
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      I-10 Frontage Commercial Land

      Prime commercial land with I-10 frontage available for lease.
      12890 Mcnair St, Houston, TX 77015
      View Details
    • Contact for pricing

      Greens Bayou Land for Lease

      Port Houston land suitable for liquid bulk storage and transloading.
      Penn City Rd, Houston, TX 77015
      View Details
    • Contact for pricing
      1 SF

      Land Available For Lease

      Land with existing structure available for lease.
      14135 East Fwy, Houston, TX 77015
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Houston, Texas.
      2239 Haden Rd, Houston, TX 77015
      View Details
    • Contact for pricing

      Land For Rent Houston

      Land available for rent in Houston, Texas.
      216 Clinton Dr, Houston, TX 77015
      View Details
    • Contact for pricing
      20 SF

      Industrial Land for Lease

      20.62 acres of stabilized industrial land available for lease.
      13603 Industrial Rd, Houston, TX 77015
      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.
    Normandy St
    Houston, TX 77015
    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

    Thank You for Inquiry
    Normandy St, Houston, TX, 77015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!