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    Property profile & analytics

    Oak Frst Dr Houston, TX 77018

    • Warehouses
    • 2,550 SF
    • 1.87 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    4.2%
    Warehouses
    Location Intelligence
    Property ID
    US82-1902758
    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

    • Warehouses

    Property Details for Oak Frst Dr

    Year built
    1997
    Construction
    METAL FRAME
    Lot size
    1.87 lot acres
    Property size
    2,550 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1283530010001
    APU
    1283530010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $430,000
      6.5%
      $400,000
      7%
      $370,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4395
    Latitude
    29.8165
    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
    2023
    $73,645
    $3,256,200
    $410,940
    $3,667,140
    -
    $3,256,200
    $410,940
    $3,667,140

    Comparable in this City

    • Value Estimation
      $365,000
      3,450 SF

      5152 Shepherd Dr

      MINI-WAREHOUSE, STORAGE • 3,450 SF
      5152 Shepherd Dr, Houston, TX 77018-1627
      View Details
    • Value Estimation
      $340,000
      11,150 SF

      2100 Nn W Loop

      MINI-WAREHOUSE, STORAGE • 11,150 SF
      2100 Nn W Loop, Houston, TX 77018-8004
      View Details
    • Value Estimation
      $160,000
      103,800 SF

      3480 Ella Blvd, Unit 612

      MINI-WAREHOUSE, STORAGE • 103,800 SF
      3480 Ella Blvd, Houston, TX 77018-6136
      View Details
    • Value Estimation
      $815,000
      37,700 SF

      Ella Blvd

      MINI-WAREHOUSE, STORAGE • 37,700 SF
      Ella Blvd, Houston, TX 77018
      View Details
    • Value Estimation
      $430,000
      10,220 SF

      1850 43rd St

      MINI-WAREHOUSE, STORAGE • 10,220 SF
      1850 43rd St, Houston, TX 77018-3006
      View Details
    • Value Estimation
      $360,000
      2,160 SF

      2403 Lou Ellen Ln, Unit 9

      MINI-WAREHOUSE, STORAGE • 2,160 SF
      2403 Lou Ellen Ln, Houston, TX 77018-6016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,000 SF

      Northwest Warehouse with Beltway Access

      Two Northwest warehouses with easy access to Beltway 8.
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      42,500 SF

      Houston Warehouse Space Available

      42,500 SF warehouse space in Houston, Texas.
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      22,272 SF

      Houston Warehouse with Fenced Yard

      Move-in ready warehouse with a stabilized and paved yard.
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      18,040 SF

      Heights Area Redevelopment Opportunity

      Land and metal office/warehouse buildings for sale in Houston.
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    • $2,000,000
      20,420 SF

      Industrial Facility with Development Potential

      Commercial property with warehouse space and development opportunities.
      3807 Pinemont Dr, Houston, TX 77018
      View Details
    • Contact for pricing

      Houston Warehouse on Oak Forest

      2,600 SF warehouse on 0.25 acres in Houston.
      3540 Oak Forest Dr, Houston, TX 77018
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    Similar Nearby for Lease

    • Contact for pricing
      26,232 SF

      Garden Oaks Warehouse Space Available

      Warehouse space with freeway access near Loop 610 & I-45.
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      View Details
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      Houston Warehouse Near Major Thoroughfares

      Warehouse with immediate access to Loop 610 and I-45.
      489-499 West 38Th St, Houston, TX 77018
      View Details
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      21,362 SF

      Houston Warehouse: 21,362 SF

      Prime Houston industrial space available.
      489 38Th St, Houston, TX 77018
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    • Contact for pricing
      26,232 SF

      Houston Warehouse with Secured Truck

      Warehouse with secured truck court and excellent freeway access.
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      View Details
    • $9 SF/Yr
      1,250 SF

      Northwest Houston Flex Space

      1250 SF flex space with oversized overhead door.
      2217 34Th St, Houston, TX 77018
      View Details
    • $9 SF/Yr
      1,820 SF

      Houston Flex Space For Rent

      Flex space available in Houston with easy highway access.
      4500-4560 W 34Th St, Houston, TX 77018
      View Details
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    Oak Frst Dr
    Houston, TX 77018
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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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