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    1204 Federal Rd Houston, TX 77015

    For Sale
    Contact for pricing

    Corporate-backed, long-term net lease with rental increases in Houston, TX.

    Lot size:
    0.86 Acres

    Property Features for 1204 Federal Rd

    General Information

    Lot size
    0.86 Acres

    Building Details

    Year built
    1988

    Source: John Andreini Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    O'Reilly Auto Parts Investment Property

    This property features a corporate O'Reilly lease with a new 15-year term. The lease includes 9% rental increases every 5 years and an absolute net lease structure, requiring no landlord maintenance or expense obligations. The tenant has operated at this location for 36 years and is ranked in the top 15% of O'Reilly locations nationwide based on annual visits. The rent is $16 per square foot. The property is located adjacent to Interstate 10, a major east-west interstate in Texas with over 152,000 vehicles per day.
    Insight Report Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.2138962
    Latitude
    29.7686177

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    FAQs

    What type of property is this?
    Automotive property - Corporate-backed, long-term net lease with rental increases in Houston, TX.
    Where is this automotive property located?
    The property is located at 1204 Federal Rd Houston, TX.
    What are key features of this property?
    This property features: - Brand-new 15-year absolute net lease offers zero landlord obligations.; - Corporate lease backed by investment grade tenant O'Reilly.; - Top 15% O’Reilly location nationwide based on annual visits.
    (415) 274-2715
    Request Owner's contact information
    1204 Federal Rd Houston, TX 77015
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    Realmo Value Estimation

    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.

    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.

    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
    1204 Federal Rd Houston, TX 77015
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