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    Property profile & analytics

    Northacre Dr Houston, TX 77073

    • Specialty properties
    • 1,126 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7743974
    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

    • Specialty properties

    Property Details for Northacre Dr

    Year built
    1980
    Construction
    WOOD FRAME
    Lot size
    1.49 lot acres
    Property size
    1,126 SF
    Property type
    Specialty properties
    APN
    1148360200025
    APU
    1148360200025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $212,000
      Market price range: $59.9k - $213k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4122
    Latitude
    30.0057
    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
    $1.00
    $260,280
    $50
    $260,330
    -
    $260,280
    $50
    $260,330

    Comparable in this City

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      $240,000
      3,210 SF

      2005 Fm 1960th Rd

      VETERINARY, ANIMAL HOSPITAL • 3,210 SF
      2005 Fm 1960th Rd, Houston, TX 77073-2403
      View Details
    • Value Estimation
      $330,000
      2,639 SF

      2225 Briarcreek Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,639 SF
      2225 Briarcreek Blvd, Houston, TX 77073-1511
      View Details
    • Value Estimation by Request
      11.84 Acres

      Inverness Frst Blvd

      CHARITABLE ORGANIZATION • 11.84 Acres
      Inverness Frst Blvd, Houston, TX 77073
      View Details
    • Value Estimation
      $345,000
      3,072 SF

      20603 Greymoss Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,072 SF
      20603 Greymoss Ln, Houston, TX 77073-3401
      View Details
    • Value Estimation
      $530,000
      11,227 SF

      21919 Inverness Frst Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 11,227 SF
      21919 Inverness Frst Blvd, Houston, TX 77073-1327
      View Details
    • Value Estimation
      $450,000
      14,130 SF

      610 Rankin N Cir

      PROFESSIONAL CLUBS/ASSOCIATIONS • 14,130 SF
      610 Rankin N Cir, Houston, TX 77073-4308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      82,680 SF

      ALD-WEST Commerce Center

      Houston Distribution Warehouse, 82,680 SF
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    • $37,500

      Land Near Bush Airport

      Land parcel near Bush Airport and Hardy Toll Rd.
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    • $1,250,000
      6,075 SF

      Freestanding Building on 1.4 Acres

      6,075 SF freestanding building with covered parking on 1.4 acres.
      22499 Imperial Valley Dr, Houston, TX 77073
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    • $1,918,000
      13,700 SF

      Houston Warehouse: $1.9M

      13,700 SF Warehouse, Owner/User
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    • $2,200,000
      20,200 SF

      Houston Office Building For Sale

      Office building with 20,200 square feet of space.
      845 Fm 1960 Rd, Houston, TX 77073
      View Details
    • $1,250,000
      8,125 SF

      Leased Retail Space For Sale

      7,500 SF retail building, 100% leased on 0.53 AC.
      22948 Imperial Valley Dr, Houston, TX 77073
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      8,626 SF

      Champions Area Retail Endcap

      High-traffic retail space, I-45 access
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    • Contact for pricing
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      Modern warehouse, multiple suites available
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    • $24 SF/Yr
      1,695 SF

      Retail Space with Modern Design

      Retail space with established tenancy and ample parking.
      644 W Rankin Rd, Houston, TX 77073
      View Details
    • $0.75 SF/Yr
      7 SF

      Farrell Road Industrial Space Available

      Industrial spaces available in Farrell Road Industrial Park.
      2940-3014 Farrell Rd, Houston, TX 77073
      View Details
    • $2,300 /Mo
      2,300 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 2,300 square feet.
      2311-2343 Fm 1960 Rd, Houston, TX 77073
      View Details
    • $1,850,000
      13,700 SF

      Secured Warehouse with Office Space

      13,700 SF warehouse with office on 1.37 acres.
      13610 Rankin Cir E, Houston, TX 77073
      View Details
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    Northacre Dr
    Houston, TX 77073
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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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