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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18000 Upper Bay Rd Houston, TX 77058

    • Retail properties
    • 12,100 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 18000 Upper Bay Rd

    Property size
    12,100 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 12,100 square foot retail center, situated on a 51,619 square foot lot at 18000 Upper Bay Rd, Houston, TX 77058, presents a compelling investment opportunity. The single-story building features a mix of established tenants including Subway (anchor tenant), Nassau Bay Liquor, Perfect Hair Design, ‘D’ Alterations Shop, Nassau Bay Rx, and Power Fit Meals. Currently, 2,150 square feet of retail space is available, offering significant potential for expansion or new tenants. The property boasts excellent visibility from Upper Bay Road and benefits from its strategic location adjacent to Nassau Bay Town Square and near a Courtyard by Marriott hotel, various office complexes, and numerous national and regional retail establishments and restaurants, including Chick-fil-A. The recent construction of a Methodist Hospital facility directly across the street further enhances the property's desirability and potential for increased foot traffic. This prime location offers exceptional access and visibility, making it an ideal investment for both established businesses and new ventures seeking a thriving retail environment in a high-traffic area of Houston. The cross street is Space Park. This property offers a unique blend of established tenants and available space, presenting a strong return on investment potential.

    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
    -95.0902
    Latitude
    29.5501

    Comparable in this City

    • Value Estimation by Request
      10,297 SF

      18047 Point Lookout Dr

      Restaurants • 10,297 SF
      18047 Point Lookout Dr, Houston, TX 77058
      View Details
    • Value Estimation
      $380,000
      3,486 SF

      1109 Bay Area Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,486 SF
      1109 Bay Area Blvd, Houston, TX 77058-2559
      View Details
    • Value Estimation
      $430,000
      12,891 SF

      983 Nasa Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 12,891 SF
      983 Nasa Pkwy, Houston, TX 77058-3039
      View Details
    • Value Estimation
      $395,000
      4,120 SF

      1208 Nasa Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,120 SF
      1208 Nasa Pkwy, Houston, TX 77058-3304
      View Details
    • Value Estimation
      $245,000
      6,770 SF

      515 Bay Area Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,770 SF
      515 Bay Area Blvd, Houston, TX 77058-2663
      View Details
    • Value Estimation
      $330,000
      3,024 SF

      2825 Bay Area Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,024 SF
      2825 Bay Area Blvd, Houston, TX 77058-1003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.31 Acres

      Bay Area Blvd Restaurant Property

      Freestanding Restaurant, 5,176 SF
      2735 Bay Area Blvd, Houston, TX 77058
      View Details
    • Contact for pricing
      55,513 SF

      Clear Lake Retail Opportunity

      Divisible retail space with ample parking and high ceilings.
      16811 El Camino Real, Houston, TX 77058
      View Details
    • Contact for pricing
      55,513 SF

      Clear Lake Retail Center Opportunity

      Prime Houston location, 55,513 SF retail space.
      0 El Camino Real And Bay Area Blvd, Houston, TX 77058
      View Details
    • $3,000,000
      17,250 SF

      Houston Creative Office Investment

      17,250 SF Creative Office, 9.5% Cap Rate
      16850 Diana Ln, Houston, TX 77058
      View Details
    • $205,000

      Clear Lake Townhome/Condo For Sale

      Two-bedroom, two-bathroom townhome/condo in Clear Lake near NASA/JSC.
      1414 Gemini St St, Houston, TX 77058
      View Details
    • Contact for pricing
      65,818 SF

      Prime Houston Executive Office Building

      65,818 SF Multi-Tenant Office in Bay Area
      2222 Bay Area Blvd, Houston, TX 77058
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,176 SF

      Bay Area Blvd Restaurant - Houston, TX

      Freestanding Restaurant, 5176 SF, 1.31 Acres
      2735 Bay Area Blvd, Houston, TX 77058
      View Details
    • $15 SF/Yr
      2,300 SF

      Retail Space on Bay Area

      Retail space available for lease on a major thoroughfare.
      445 Bay Area Blvd, Houston, TX 77058
      View Details
    • $18 SF/Yr
      2,560 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      17300 El Camino Real, Houston, TX 77058
      View Details
    • Contact for pricing
      800 SF

      Retail Space Near NASA

      Retail space with ample parking near Johnson Space Center.
      17400 El Camino Real, Webster, TX 77058
      View Details
    • $25 SF/Yr
      1,425 SF

      Retail Space Available For Lease

      Retail space for lease in Webster, Texas.
      505 E Nasa Pkwy, Webster, TX 77058
      View Details
    • $11 SF/Yr
      20,174 SF

      Regents Park Executive Offices, Houston

      Prime Houston Office Space: Multiple Suites Available
      16850 Saturn Ln, Houston, TX 77058
      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.
    18000 Upper Bay Rd
    Houston, TX 77058
    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.