Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2708 Oakcliff St Houston, TX 77023

    Property Lookup

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

    2708 Oakcliff St Houston, TX 77023

    View on Map
    • Apartment buildings
    • 8,521 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Entrust Energy / Electric Utility Company

    Property Details for 2708 Oakcliff St

    Year built
    1956
    Property size
    8,521 SF
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a 14-unit apartment building located at 2708 & 2712 Oakcliff St, Houston, TX 77023, in Harris County. The property, built in 1956, comprises two, two-story buildings totaling 8,521 square feet on a 10,404 square foot lot. Currently boasting 90% occupancy, the building features a mix of one and two-bedroom, one-bathroom units, each upgraded over time. The property offers an attractive price point of $1,450,000, translating to $103,571 per unit and $170.17 per square foot. With a Net Operating Income (NOI) of $73,238, the property exhibits a 5.05% capitalization rate. Conveniently located, it provides easy access to key Houston areas including the University of Houston, the Medical Center, Downtown, Midtown, and Montrose. The property also includes two additional parking pads. This is a strong performing asset with a history of long-term tenants, making it an ideal addition to any investment portfolio. The property is being offered for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.319
    Latitude
    29.7116

    Comparable in this City

    • Value Estimation by Request
      2,444 SF

      5304 Polk St, Unit 18

      APARTMENT HOUSE (5+ UNITS) • 2,444 SF
      5304 Polk St, Houston, TX 77023-1422
      View Details
    • Value Estimation by Request
      3,020 SF

      7608 Elm St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 3,020 SF
      7608 Elm St, Houston, TX 77023-2733
      View Details
    • Value Estimation by Request
      2,908 SF

      4102 Lamar St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 2,908 SF
      4102 Lamar St, Houston, TX 77023-1640
      View Details
    • Value Estimation by Request
      2,716 SF

      4719 Clay St, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 2,716 SF
      4719 Clay St, Houston, TX 77023-1290
      View Details
    • Value Estimation by Request
      2,812 SF

      4325 Leeland St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 2,812 SF
      4325 Leeland St, Houston, TX 77023-3039
      View Details
    • Value Estimation by Request
      3,420 SF

      5101 Bell St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 3,420 SF
      5101 Bell St, Houston, TX 77023-2063
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Houston Flex Space For Rent

      Flex space for creatives, makers, and founders in Eastwood.
      3915 Mckinney St, Houston, TX 77023
      View Details
    • Contact for pricing

      Telephone Road Commercial Opportunity

      Prime retail space in Houston's East End, high-visibility location.
      2606 Telephone Rd, Houston, TX 77023
      View Details
    • Contact for pricing
      21,130 SF

      Retail/Office Redevelopment on Gulf Freeway

      Retail and office spaces available in a redeveloped mixed-use center.
      5815 Gulf Fwy, Houston, TX 77023
      View Details
    • Contact for pricing
      82,593 SF

      Showroom/Warehouse Space Available

      82,593 SF showroom/warehouse available immediately, additional space in 2025.
      5901 Griggs Rd, Houston, TX 77023
      View Details
    • Contact for pricing
      8,914 SF

      Endcap Retail Space Available

      Retail space with excellent visibility, estimated completion in Q2/Q3 2026.
      1001 N Wayside Dr, Houston, TX 77023
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available from 1,600 to 8,458 square feet.
      I-45 & Cullen Blvd, Houston, TX 77023
      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.
    2708 Oakcliff St
    Houston, TX 77023
    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

    Thank You for Inquiry

    2708 Oakcliff St, Houston, TX, 77023

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!