Freestanding Commercial Property in
For Sale
Contact for pricing
678 Aldine Mail Route Road, Houston, TX 77037
Automotive facility with redevelopment potential in high-visibility Houston location.
Property Size5,331 SF
Price / SF$107.86
Days on Market84
Property Features for 678 Aldine Mail Route Road
General Information
Standard status
Active
Size
5,331 SF
Property subtype
Industrial, Land
Building Details
Year Built
1978
Buildings
3
Stories
2
Listing Agency:
JLA Realty
(713) 489-8130
Listed By:
La Nita Parker · License #682904
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Aug 12 at 9:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLA Realty
Investment Insights
Based on property information with market context.
This freestanding commercial property, currently operating as an automotive facility, is available for purchase in a high-visibility Houston location. Offered as real estate only, the property is suitable for an owner-user, investor, or redevelopment project. Existing automotive-related improvements and infrastructure are present, potentially supporting continued automotive use or conversion to other commercial or industrial applications. Situated along Aldine Mail Route Rd, the property provides access to I-45, Hardy Toll Road, and surrounding commercial corridors, benefiting from traffic exposure and accessibility. The property, with a size of 5331 square feet, includes on-site parking and operational space, making it suitable for automotive service, fleet operations, light industrial use, contractor operations, storage, or other commercial applications. Buyers should independently verify all measurements, zoning, restrictions, utilities, and permitted uses. The business is not included in the sale and remains operational.
Key Highlights
- High‑traffic location on Aldine Mail Route Rd with strong visibility
- Easy access to I‑45, Hardy Toll Road, and surrounding commercial corridors
- Existing automotive infrastructure and improvements in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$601,180
$601.2K
Cap Rate 7%
$429,414
$429.4K
Cap Rate 9%
$333,989
$334.0K
Market Conditions
NOI Build-Up for 5,331 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.0K $9.00/SF
− Vacancy
−$5.0K −$0.95/SF
EGI
$42.9K $8.06/SF
− OpEx
−$12.9K −$2.42/SF
NOI
$30.1K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$601,180
Cap Rate 7%
$429,414
Cap Rate 9%
$333,989
Alternative Uses
Best Use
Retail
$1.03M
$903.6K – $1.20M
NOI $72,286 @ 7.0% cap · market cap 12.57%
Second Best
Industrial
$429.4K
$375.7K – $501.0K
NOI $30,059 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,958 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77037, TX
19,569
Population
5,312
Households
3.7
Avg Household Size
31
Median Age
7%
College-Educated
51%
High-School Grad
6.2 sq mi
ZIP Area
3,156
Density / Sq Mi
$46,176
Median Household Income
$30,779
Median Earnings
$1,056
Median Rent
$160,500
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Automotive facility with redevelopment potential in high-visibility Houston location.
Where is this automotive property located?
The property is located at 678 Aldine Mail Route Road Houston, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High‑traffic location on Aldine Mail Route Rd with strong visibility; Easy access to I‑45, Hardy Toll Road, and surrounding commercial corridors; Existing automotive infrastructure and improvements in place
