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

    & Interstate 10 Houston, TX 77015

    • Land
    • 15.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 & Interstate 10

    Lot size
    15.37 lot acres
    Property type
    Land

    Description

    This exceptional 15.369-acre commercial land parcel presents a unique investment opportunity in Houston, Texas. Strategically located at the intersection of East Sam Houston Parkway South and Interstate 10 East in Harris County, this property boasts approximately 900 feet of frontage along the Beltway. A significant advantage is the existing curb cut, simplifying development and access. The asking price is $2,510,500. While the site's history includes classification as a former Class IV landfill, this presents potential for redevelopment projects after appropriate environmental assessments and remediation, if necessary. The property's location offers unparalleled access to major transportation arteries, providing excellent visibility and connectivity for a wide range of commercial ventures. The low tax rate of 1.893% further enhances the investment appeal. Detailed site plans and environmental reports are available upon request. This is a rare opportunity to acquire a substantial tract of land in a high-growth area of Houston, ideally suited for various commercial developments. Serious inquiries only. The zip code is 77015.

    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
    -95.1745
    Latitude
    29.769

    Comparable in this City

    • Value Estimation by Request
      389.00 Acres

      Penn City Rd

      Land • 389.00 Acres
      0 Penn City Rd, Houston, TX 77015
      View Details
    • Value Estimation by Request
      5.78 Acres

      909 Lear St

      Land • 5.78 Acres
      909 Lear St, Houston, TX 77015
      View Details
    • Value Estimation by Request

      Myrtle Ln

      Land
      0 Myrtle Ln, Houston, TX 77015
      View Details
    • Value Estimation by Request
      0.24 Acres

      14116 Brownsville St, Unit 5

      COMMERCIAL (GENERAL) • 0.24 Acres
      14116 Brownsville St, Houston, TX 77015-4010
      View Details
    • Value Estimation by Request
      0.18 Acres

      13345 Duluth St

      COMMERCIAL (GENERAL) • 0.18 Acres
      13345 Duluth St, Houston, TX 77015
      View Details
    • Value Estimation by Request
      0.12 Acres

      14227 Muscatine St

      COMMERCIAL (GENERAL) • 0.12 Acres
      14227 Muscatine St, Houston, TX 77015-5256
      View Details

    Similar Nearby for Sale

    • $1,095,000
      1.06 Acres

      Houston Commercial Land - $1.095M

      1.06-acre commercial lot, prime location.
      1012 Freeport St, Houston, TX 77015
      View Details
    • $629,442
      5.78 Acres

      Houston Commercial Land - 5.78 Acres

      Prime Houston industrial/commercial land. Unrestricted use. Excellent access to major highways.
      909 Lear St, Houston, TX 77015
      View Details
    • Contact for pricing
      2.00 Acres

      Houston Industrial Land - 2 Acres

      Prime fenced industrial land, ideal outdoor storage. Excellent location & access.
      1500 Miles St, Houston, TX 77015
      View Details
    • Contact for pricing

      Unrestricted Land Near Greens Bayou

      Unrestricted land with quick highway access and city utilities.
      Lear St, Houston, TX 77015
      View Details
    • Contact for pricing

      Land Available on Sam Houston

      Land available for sale at 5530 W Sam Houston Pkwy N.
      5530 W Sam Houston Pkwy N, Houston, TX 77015
      View Details
    • $110,000

      Unrestricted Fenced Lot For Sale

      Unrestricted 8,400+ sf lot with wooden fence and gate.
      13430 Orleans St, Houston, TX 77015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,944,840 SF

      Greens Bayou Industrial Land

      ±389 Acres Houston, TX - Ideal for Bulk Storage
      0 Penn City Rd, Houston, TX 77015
      View Details
    • Contact for pricing
      16,000 SF

      Haden Road Office Space For Lease

      Spacious Houston Office, 16,000 sq ft
      2239 Haden Rd, Houston, TX 77015
      View Details
    • Contact for pricing

      Land For Rent Houston

      Land available for rent in Houston, Texas.
      216 Clinton Dr, Houston, TX 77015
      View Details
    • Contact for pricing
      6 SF

      Industrial Land with Heavy Power

      6.79 AC industrial land with 16,000 SF office space.
      2239 Haden Rd, Houston, TX 77015
      View Details
    • Contact for pricing

      Greens Bayou Land for Lease

      Port Houston land suitable for liquid bulk storage and transloading.
      Penn City Rd, Houston, TX 77015
      View Details
    • $4,000 /Mo
      41,000 SF

      I-10 Frontage Commercial Land

      Prime commercial land with I-10 frontage available for lease.
      12890 Mcnair St, Houston, TX 77015
      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.
    & Interstate 10
    Houston, TX 77015
    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.