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    Property profile & analytics

    16340 Wallisville Rd Houston, TX 77049-4713

    • Strip malls
    • 19,456 SF
    • 10.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6178485
    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

    • Exxon / Gas Station
    • Ria Money Transfer - Express Plus Check Cashing #2 / Money Transfer Service / Money Order Service
    • Wash Plus 2 / Laundromat
    • Exclusive Wine and Liquor #2 / Liquor Store
    • Everyday Plus Market / Convenience Store

    Property Details for 16340 Wallisville Rd

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    10.30 lot acres
    Property size
    19,456 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1500790010001
    APU
    1500790010001

    Description

    This exceptional commercial land offering in Houston, Texas, presents two prime pad sites ideal for development. Located at 16340 Wallisville Road in Harris County, zip code 77049, this property boasts a strategic location with significant potential. The first pad site encompasses 1.8 acres, while the second offers a substantial 3.2 acres. Both sites are available for sale or ground lease, providing flexibility for various development scenarios. The property's advantageous position is underscored by its proximity to a substantial workforce: a remarkable 16,000 employees reside within a one-mile radius, ensuring a robust potential customer base for any developed business. Furthermore, a significant advantage is the absence of any detention requirements, streamlining the development process and reducing potential costs. The total acreage across both sites is 5 acres, offering ample space for a variety of commercial ventures. This presents a rare opportunity to acquire prime commercial land in a high-demand area of Houston, with the potential for significant return on investment. The latitude and longitude coordinates are 29.81623024054767 and -95.14038788961106 respectively.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.141
    Latitude
    29.8151
    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
    $61,403
    $3,115,777
    $384,223
    $3,500,000
    -
    $3,115,777
    $384,223
    $3,500,000

    Comparable in this City

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    • Value Estimation by Request
      17,552 SF

      15727 Wallisville Rd

      SHOPPING CENTER, STRIP CENTER • 17,552 SF
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    • Value Estimation by Request
      20,367 SF

      15119 Wallisville Rd

      SHOPPING CENTER, STRIP CENTER • 20,367 SF
      15119 Wallisville Rd, Houston, TX 77049-4630
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    • Value Estimation
      $670,000
      23,880 SF

      14660 Wallisville Rd

      SHOPPING CENTER, STRIP CENTER • 23,880 SF
      14660 Wallisville Rd, Houston, TX 77049-4436
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    • Value Estimation by Request
      14,520 SF

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    • Value Estimation by Request
      168,344 SF

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    16340 Wallisville Rd
    Houston, TX 77049-4713
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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.

    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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