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    8807 Bissonnet St Houston, TX 77074

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 8807 Bissonnet St

    Property type
    Apartment buildings

    Description

    This exceptional multifamily investment property, located at 8807 Bissonnet St, Houston, Texas 77074, presents a lucrative opportunity for discerning investors. The property consists of a 16-unit complex, offering a diverse mix of housing options. Ten townhomes, each boasting 1,341 square feet of living space, provide ample room for residents. Complementing these are six condos, each measuring 1,077 square feet. This strategic blend caters to a wide range of tenants, maximizing occupancy rates and rental income. Situated in Harris County, this property benefits from a prime location in Houston, offering convenient access to local amenities, transportation networks, and a thriving community. The asking price for this exceptional investment is $2,500,000. This represents a significant opportunity to acquire a well-established multifamily property with strong potential for future growth and substantial returns. The property's diverse unit mix and desirable location contribute to its high rental demand and overall profitability. Detailed financial information is available upon request. This is a rare chance to secure a valuable asset in a dynamic market.

    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
    -95.5312
    Latitude
    29.676

    Comparable in this City

    • Value Estimation by Request

      9200 Bissonnet St

      Multifamily properties
      9200 Bissonnet St, Houston, TX 77074
      View Details
    • Value Estimation by Request
      201,827 SF

      6780 Southwest Fwy

      Restaurants • 201,827 SF
      6780 Southwest Fwy, Houston, TX 77074
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    • Value Estimation
      $225,000
      4,184 SF

      9109 Fondren Rd, Unit 204

      GARDEN APT, COURT APT (5+ UNITS) • 4,184 SF
      9109 Fondren Rd, Houston, TX 77074-6941
      View Details
    • Value Estimation by Request
      7,200 SF

      6530 Bellaire Blvd, Unit 222

      GARDEN APT, COURT APT (5+ UNITS) • 7,200 SF
      6530 Bellaire Blvd, Houston, TX 77074-6400
      View Details
    • Value Estimation
      $660,000
      7,216 SF

      9800 Braeburn Gln Blvd, Unit 55

      GARDEN APT, COURT APT (5+ UNITS) • 7,216 SF
      9800 Braeburn Gln Blvd, Houston, TX 77074-2313
      View Details
    • Value Estimation
      $565,000
      3,900 SF

      8323 Mcavoy Dr, Unit 25

      GARDEN APT, COURT APT (5+ UNITS) • 3,900 SF
      8323 Mcavoy Dr, Houston, TX 77074-7213
      View Details

    Similar Nearby for Sale

    • $119,900

      Houston Condo in Gated Community

      Condo with convenient access to major highways and amenities.
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    • $83,900

      Remodeled Condo with Modern Updates

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      Upgraded Condo in Southwest Houston

      Two-bedroom, two-bath condo near highways, shopping, and restaurants.
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      Move-in Ready Condo Near Galleria

      Well-maintained 2-bedroom, 2-bath condo near shopping and highways.
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    Similar Nearby for Lease

    • $1,150 /Mo

      Charming Condo in Gated Community

      2-bedroom condo with fireplace, balcony, and community pool access.
      9000 Bissonnet St, Houston, TX 77074
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    • $15 SF/Yr
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      Arena Towers: Houston Office Space

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      5,000 SF

      Retail Space Available For Lease

      5,000 SF retail space for lease in Houston.
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      1,787 SF

      Retail Space with Excellent Frontage

      Retail space with high visibility and easy access.
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    • $4 SF/Yr
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      Houston Office Space for Lease

      Flexible Workspaces in Prime Location
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      30,500 SF

      Plainview Plaza Retail Space Available

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      9898 Southwest Fwy, Houston, TX 77074
      View Details
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    8807 Bissonnet St
    Houston, TX 77074
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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.

    More about this property
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