Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8311-8825 Mesa Dr Houston, TX 77028

    Property Lookup

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

    8311-8825 Mesa Dr Houston, TX 77028

    View on Map
    • Retail properties & Spaces
    • 99,679 SF
    • 30.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 8311-8825 Mesa Dr

    Year built
    1955
    Lot size
    30.76 lot acres
    Property size
    99,679 SF
    Property type
    Retail properties & Spaces

    Description

    Mesa Commons presents a compelling investment opportunity in the thriving East Houston submarket of Harris County. This established neighborhood retail shopping center, situated on a substantial 30.76-acre lot at the prominent corner of Mesa Drive and East Houston Road, comprises three single-story buildings totaling 99,679 square feet. Built in 1955, the property offers ample parking with 540 spaces, ensuring convenient access for customers. The center currently has six retail spaces available, ranging in size from 2,000 to 23,000 square feet, providing flexibility for a variety of tenants. This presents a unique chance to acquire a well-located, multi-tenant retail property with significant upside potential. The property's size and location in the busy East Houston submarket make it an attractive option for investors seeking a strong return on investment. The existing infrastructure and ample parking provide a solid foundation for future growth and tenant occupancy. The property's substantial land area also offers potential for future expansion or redevelopment. This is an exceptional opportunity to acquire a well-established retail center in a high-traffic area with significant growth potential. Serious inquiries are encouraged.

    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
    -95.2623
    Latitude
    29.8404

    Comparable in this City

    • Value Estimation by Request
      3,900 SF

      7759 Wayside Dr

      Individual retail properties • 3,900 SF
      7759 Wayside Dr, Houston, TX 77028
      View Details
    • Value Estimation by Request
      1,484 SF

      5118 Wayside Dr

      AUTO REPAIR, GARAGE • 1,484 SF
      5118 Wayside Dr, Houston, TX 77028-5258
      View Details
    • Value Estimation by Request
      2,265 SF

      6421 Wayside Dr

      BAR, TAVERN • 2,265 SF
      6421 Wayside Dr, Houston, TX 77028-4427
      View Details
    • Value Estimation by Request
      5,604 SF

      7755 Wayside Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 5,604 SF
      7755 Wayside Dr, Houston, TX 77028-2527
      View Details
    • Value Estimation by Request
      550 SF

      6023 Houston Rd

      AUTO REPAIR, GARAGE • 550 SF
      6023 Houston Rd, Houston, TX 77028-4905
      View Details
    • Value Estimation by Request
      1,648 SF

      7007 Nn E Loop

      RETAIL STORES (PERSONAL SERVICES) • 1,648 SF
      7007 Nn E Loop, Houston, TX 77028-5946
      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
    • $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
    • $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
    • $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

      Neighborhood Retail Shopping Center Space

      Retail spaces available in neighborhood shopping center.
      8311-8825 Mesa 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

      Retail Space Available For Lease

      New endcap retail space available for lease.
      8136 Tidwell 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 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
    • $4,000 /Mo
      185,130 SF

      Commercial Land For Rent

      Fenced and gated commercial land with immediate I-610 access.
      7177 Cavalcade St, 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.
    8311-8825 Mesa 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!