Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    211 Fairview St Houston, TX 77006

    • Retail properties
    • 3,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pie Tap / Pizza Restaurant

    Property Details for 211 Fairview St

    Property size
    3,500 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional new construction retail space, located at 211 Fairview Street in Houston, Texas (Harris County, zip code 77006), offers a prime opportunity for a fast-casual restaurant, eatery, or cafe. The single-tenant building boasts a total of 3,500 square feet, providing ample space for operations. The property includes 34 designated parking spaces for customer convenience, a significant advantage in a high-traffic area. The building is situated near the intersection of Fairview Street and Mason Street. The property is being delivered as a shell, allowing for tenant improvements (TI) tailored to the specific needs of the lessee. Tenant improvement allowances are available following a review of the tenant's financial information. The property also includes a proposed 1,200 square foot patio area, expanding the usable space and providing outdoor seating options. This is an ideal location for businesses seeking high visibility and accessibility in a thriving Houston neighborhood. The APN for this property is 0140300030001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3854
    Latitude
    29.7482

    Comparable in this City

    • Value Estimation by Request
      5,187 SF

      404 Westheimer Rd

      Individual retail properties • 5,187 SF
      404 Westheimer Rd, Houston, TX 77006
      View Details
    • Value Estimation by Request

      701 Richmond Ave

      Restaurants
      701 Richmond Ave, Houston, TX 77006
      View Details
    • Value Estimation by Request
      1,625 SF

      215 Fargo St

      Restaurants • 1,625 SF
      215 Fargo St, Houston, TX 77006
      View Details
    • Value Estimation by Request
      7,533 SF

      1540 Alabama St

      Retail properties • 7,533 SF
      1540 Alabama St, Houston, TX 77006
      View Details
    • Value Estimation by Request
      197,000 SF

      & Montrose Westheimer Rd

      Retail properties • 197,000 SF
      & Montrose Westheimer Rd, Houston, TX 77006
      View Details
    • Value Estimation by Request
      3,000 SF

      1643 Richmond Ave

      Retail properties • 3,000 SF
      1643 Richmond Ave, Houston, TX 77006
      View Details

    Similar Nearby for Sale

    • $330,000

      Midtown Property Near Restaurants, Shopping

      Midtown property near restaurants and shopping available for sale.
      403 Anita St, Houston, TX 77006
      View Details
    • $900,000

      Historic Montrose Manor on Westheimer

      Iconic 1915 manor with retail/office potential in Montrose.
      239 Westheimer Rd, Houston, TX 77006
      View Details
    • Contact for pricing
      14,000 SF

      Retail Property Near Galleria Mall

      Retail space near Houston's Galleria Mall with high traffic.
      5116 Westheimer Rd, Houston, TX 77006
      View Details
    • $2,300,000
      6,692 SF

      Mixed-Use Building in Montrose

      Income-producing commercial building with apartments and retail in Houston.
      321 W Alabama St, Houston, TX 77006
      View Details
    • $850,000

      Commercial Building in Central Houston

      Income-producing commercial building with parking, close to amenities.
      1638 Alabama St, Houston, TX 77006
      View Details
    • $3,099,000
      9,240 SF

      Montrose Apartment Complex

      16-unit boutique building, high ROI
      2703 Mason St, Houston, TX 77006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,400 SF

      Restaurant Space with Patio

      Restaurant space with large front and back patio.
      1002 Westheimer Rd, Houston, TX 77006
      View Details
    • $25 SF/Yr
      9,900 SF

      Midtown Office Space For Lease

      Modern, divisible office suites in prime location
      3310 Travis St, Houston, TX 77006
      View Details
    • $18 SF/Yr
      13,891 SF

      Retail Space on Richmond Avenue

      Retail property available for lease on Richmond Avenue.
      5800 Richmond Ave, Houston, TX 77006
      View Details
    • Contact for pricing
      197,000 SF

      Montrose Collective

      Retail properties • 197,000 SF
      & Montrose Westheimer Rd, Houston, TX 77006
      View Details
    • $24 SF/Yr
      12,000 SF

      Retail Space on Westheimer Road

      Retail property available for lease on Westheimer Road.
      6508 Westheimer Rd, Houston, TX 77006
      View Details
    • Contact for pricing
      1,848 SF

      Midtown Houston Retail Space

      1848 SF Retail Center, Prime Location
      2450 Louisiana St, Houston, TX 77006
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    211 Fairview St
    Houston, TX 77006
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.