Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7759 Wayside Dr Houston, TX 77028

    Property Lookup

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

    7759 Wayside Dr Houston, TX 77028

    View on Map
    • Retail properties & Spaces
    • 3,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pitstop Express 25 / Parking Lot & Garage / Gas Station
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Bitstop Bitcoin ATM / Crypto Atm / Atm

    Property Details for 7759 Wayside Dr

    Year built
    2023
    Property size
    3,900 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property at 7759 N Wayside Dr, Houston, TX 77028, offers three available storefront spaces in a brand-new, 2023-built, single-story building. The total building size is 3,900 square feet, situated on a 1.92-acre lot. Individual spaces range from a minimum of 900 square feet to a maximum contiguous space of 1,900 square feet, with a total of 2,900 square feet currently vacant. The property boasts a high-traffic location with excellent visibility and accessibility, making it ideal for a variety of businesses. The zoning is commercial (APN: 1464720010001), and the property is conveniently located near Ley Rd. The building does not include elevators. Annual property taxes are $8 per square foot. While there is ample parking for customers, liquor stores and smoke shops are not permitted. This prime location is perfect for businesses such as cafes, boutiques, salons, or offices seeking high visibility and convenient access. The spaces are shell spaces, ready for tenant build-out. Don't miss this opportunity to secure your ideal retail space in a thriving Houston neighborhood.

    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
    -95.2845
    Latitude
    29.8323

    Comparable in this City

    • Value Estimation by Request
      864 SF

      6919 Lockwood Dr

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      6919 Lockwood Dr, Houston, TX 77028-4137
      View Details
    • Value Estimation by Request
      1,542 SF

      8006 Homestead Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,542 SF
      8006 Homestead Rd, Houston, TX 77028-2130
      View Details
    • Value Estimation by Request
      324 SF

      7807 Homestead Rd

      RETAIL STORES (PERSONAL SERVICES) • 324 SF
      7807 Homestead Rd, Houston, TX 77028-2127
      View Details
    • Value Estimation by Request
      1,344 SF

      7700 Homestead Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,344 SF
      7700 Homestead Rd, Houston, TX 77028-2204
      View Details
    • Value Estimation by Request
      4,104 SF

      9205 Mesa Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,104 SF
      9205 Mesa Dr, Houston, TX 77028-1608
      View Details
    • Value Estimation by Request
      3,903 SF

      8830 Denton St

      RETAIL STORES (PERSONAL SERVICES) • 3,903 SF
      8830 Denton St, Houston, TX 77028-1904
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Site in Houston

      High-traffic corner site near major retailers and thoroughfares.
      9430 Mesa Dr, Houston, TX 77028
      View Details
    • $199,900
      2,056 SF

      Retail Space Available For Sale

      Retail space with 2,056 SqFt available for purchase.
      7809 Ley Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      3,820 SF

      Retail Building Near Major Highways

      3,820 SF retail building for sale or lease.
      5710 N Wayside Dr, Houston, TX 77028
      View Details
    • $400,000

      Northeast Houston Commercial Truck Parking

      Spacious lot ideal for commercial or industrial use.
      7517 Ley Rd, Houston, TX 77028
      View Details
    • $583,000

      Industrial Land Package For Sale

      30,601 SF industrial land near Rand St. and North Loop.
      00 Rand St, Houston, TX 77028
      View Details
    • $5,100,000

      Houston Commercial Property Truck Yard

      13-acre commercial property with 345 parking spaces in Houston.
      8735 Howton St, Houston, TX 77028
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building on High-Traffic Corner

      9,180 SF retail building on 0.67-acre lot for sale.
      9201 North Wayside Dr, Houston, TX 77028
      View Details
    • $27 SF/Yr
      2,000 SF

      Retail Space Available For Lease

      2000 square feet of retail space for rent.
      12311 N Houston Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space on N Wayside

      Retail space with excellent visibility and easy highway access.
      7755 N Wayside Dr, Houston, TX 77028
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      New endcap retail space available for lease.
      8136 Tidwell Rd, Houston, TX 77028
      View Details
    • Contact for pricing

      Neighborhood Retail Shopping Center Space

      Retail spaces available in neighborhood shopping center.
      8311-8825 Mesa Dr, Houston, TX 77028
      View Details
    • $15 SF/Yr
      55,474 SF

      Prime Corner Land for Lease

      High-visibility corner lot in rapidly expanding Cypress, Texas.
      North Houston Rd, Houston, TX 77028
      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.
    7759 Wayside Dr
    Houston, TX 77028
    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.
    Sign Up Successful!
    You now have access to more from Realmo!