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    Alamo St Houston, TX 77007
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    Alamo St Houston, TX 77007

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    • Land
    For Sale
    $75,000
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    Prime Houston Commercial Land For Sale
    $75,000

    Prime Houston Commercial Land

    20,000 sq ft commercial lot, $75,000

    0 Alamo St, Houston, TX 77007
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Alamo St

    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in Houston, Texas. Located on Alamo Street in Harris County, zip code 77007, this property encompasses a total of 20,000 square feet, comprised of four vacant lots within the East subdivision. The land is priced competitively at $75,000, translating to a land value of $4 per square foot. The property's APN numbers are 601130210249 and 601130210252. Specifically, three lots (249, 250, and 251) in Block 16 of the East subdivision collectively account for 15,000 square feet, while an additional lot (252) in the same block contributes 5,000 square feet. This prime location in Houston offers significant potential for various commercial developments, making it an attractive proposition for discerning investors seeking a foothold in a thriving Texas market. The property's convenient location and substantial size make it ideal for a range of commercial ventures. This is a rare opportunity to acquire a sizable parcel of commercial land in a desirable area of Houston at an attractive price point. Don't miss out on this chance to secure your future in the heart of Houston's dynamic commercial landscape.

    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
    -95.3142
    Latitude
    29.6241

    Comparable in this City

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      2.85 Acres

      7701 Washington Ave

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      1.88 Acres

      Sec Of Summer St & Sawyer St

      Land • 1.88 Acres
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      4113 Allen St

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      4113 Allen St, Houston, TX 77007
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      I-45 Fwy

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      3522 Washington Ave

      COMMERCIAL (GENERAL)
      3522 Washington Ave, Houston, TX 77007-5945
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    • Value Estimation
      $6,030,000
      59,156 SF

      1203 White St

      COMMERCIAL (GENERAL) • 59,156 SF
      1203 White St, Houston, TX 77007
      View Details

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      10,035 SF

      Land Available on Shepherd Drive

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      Cottage Grove Lot For Sale

      5,886 SF lot in Cottage Grove near The Heights.
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      Prime Houston Commercial Land

      20,000 sq ft commercial lot, $75,000
      0 Alamo St, Houston, TX 77007
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    • $150,000

      Residential Lot For Sale

      Residential lot available in Houston, Texas.
      4600 Maxie St, Houston, TX 77007
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    Similar Nearby for Lease

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      Corner Land Parcel For Lease

      0.4890 acre corner land parcel available for ground lease.
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      Prime Inner Loop Location

      Ideal for banks, medical, and QSR users in Houston.
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      Warehouse with Office Space

      Warehouse space available for lease, includes office and dock doors.
      651 N Shepherd Dr, Houston, TX 77007
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      Office Space in Houston, TX

      Office space available for rent in Houston, Texas.
      3663 Washington Ave, Houston, TX 77007
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      2,115 SF

      Restaurant Space in Prime Location

      Turn-key restaurant space available for lease in a high-traffic area.
      700 Durham Dr, Houston, TX 77007
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      Retail Space Near Memorial Park

      Retail space near Memorial Park, suitable for retail or office.
      6202 Washington Ave, Houston, TX 77007
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    Houston, TX 77007
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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.

    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.

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