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

    7900 Penn St Houston, TX 77093

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

    Current Use by Public Records

    • Land

    Property Details for 7900 Penn St

    Lot size
    0.69 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 0.69-acre commercial and industrial land parcel is strategically located at 7900 Eastex Freeway & 3523 Penn Street in Houston, Harris County, Texas, zip code 77093. The property boasts three curb cuts, providing excellent access and visibility. Utilities are readily available via the City of Houston. The site is already cleared and prepared for immediate development, saving time and resources. Its prime location offers exceptional exposure, fronting I-59/I-69 in a high-traffic area, ensuring significant visibility for any future business. This presents a rare opportunity for investors and developers seeking a well-positioned site for commercial or retail ventures. The property's proximity to major transportation arteries and key infrastructure is a significant advantage. It's approximately 15 miles from George Bush Intercontinental Airport (IAH) and about 8 miles from Downtown Houston, offering convenient access to the city's core and regional transportation networks. The asking price for this ready-to-develop land is $399,000. Don't miss this chance to acquire a highly desirable commercial and industrial property in a thriving Houston location.

    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
    -95.3338
    Latitude
    29.8321

    Comparable in this City

    • Value Estimation by Request
      1.98 Acres

      12225 Aldine Westfield Rd

      Land • 1.98 Acres
      12225 Aldine Westfield Rd, Houston, TX 77093
      View Details
    • Value Estimation by Request
      0.92 Acres

      1705 Margaret St

      Multifamily properties • 1,332 SF
      1705 Margaret St, Houston, TX 77093
      View Details
    • Value Estimation by Request
      105,269 SF

      5429 Hartwick Rd

      LUMBERYARD, BUILDING MATERIALS • 105,269 SF
      5429 Hartwick Rd, Houston, TX 77093-2255
      View Details
    • Value Estimation by Request
      1.73 Acres

      11600 Hardy Rd

      INDUSTRIAL (GENERAL) • 1.73 Acres
      11600 Hardy Rd, Houston, TX 77093-1021
      View Details
    • Value Estimation
      $1,565,000
      137,000 SF

      4901 Langley Rd

      INDUSTRIAL (GENERAL) • 137,000 SF
      4901 Langley Rd, Houston, TX 77093-5020
      View Details
    • Value Estimation by Request
      960 SF

      5106 Gaston St

      INDUSTRIAL (GENERAL) • 960 SF
      5106 Gaston St, Houston, TX 77093-1718
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Little York Plaza Retail Center

      Houston Retail Property - 5,000 SF
      1409 Little York Rd, Houston, TX 77093
      View Details
    • $270,000

      Land for Multifamily or Commercial

      Cleared lot suitable for multifamily or commercial development.
      3202 Parker Rd, Houston, TX 77093
      View Details
    • $110,000

      Cleared Lot on Crosstimbers

      Cleared residential lot near US 59 in Houston.
      2821 E Crosstimbers St, Houston, TX 77093
      View Details
    • Contact for pricing

      Industrial Property on Aldine Westfield

      Industrial property available for sale on Aldine Westfield Road.
      Aldine Westfield Rd, Houston, TX 77093
      View Details
    • $120,000

      Cleared Land Ready for Build

      Cleared, level land near HWY 59, ready for development.
      3529 Toliver St, Houston, TX 77093
      View Details
    • $305,000

      Land For Sale Houston

      Land available for sale in Houston, Texas.
      2940 Sadler St, Houston, TX 77093
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Stabilized Yard with Highway Frontage

      6.034-acre stabilized yard with highway frontage, near container terminals.
      11100 Houston St, Houston, TX 77093
      View Details
    • $9,166 /Mo
      45,392 SF

      Land Available For Lease

      Land for lease with high traffic count.
      11400 Eastex Fwy, Houston, TX 77093
      View Details
    • Contact for pricing
      7,120 SF

      Warehouse Space Near Key Routes

      Warehouse space with office, dock doors, and highway access.
      15660-15864 W Hardy Rd, Houston, TX 77093
      View Details
    • Contact for pricing
      27,900 SF

      Lone Oak Road Warehouse Trio

      Houston warehouse space for lease. Multiple units available.
      2202 Lone Oak Rd, Houston, TX 77093
      View Details
    • Contact for pricing
      10,963 SF

      Eastex Freeway Warehouse Space

      10,963 SF Warehouse - Prime Location
      8622 Eastex Fwy, Houston, TX 77093
      View Details
    • $3,500 /Mo

      Stabilized Lot Near Major Highways

      0.42-acre lot with utilities, fencing, and gated access.
      1904 Little York Rd, Houston, TX 77093
      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.
    7900 Penn St
    Houston, TX 77093
    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.