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    Property profile & analytics

    Nwc Spencer Hwy & Blvd Deer Park, TX 77536

    • Neighborhood centers
    • 18,765 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Nwc Spencer Hwy & Blvd

    Property size
    18,765 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity is located in the Deer Park Station Shopping Center at the northwest corner of Spencer Highway and East Boulevard in Deer Park, Texas, zip code 77536. The center offers a total of 18,765 square feet of retail space, currently featuring multiple tenants. A prime storefront/strip center space of 2,400 square feet is immediately available, offering excellent visibility and accessibility from a major thoroughfare. The available space is 1,200 square feet, ideal for a variety of retail uses. The property is situated in Harris County, Texas, benefiting from a strong local economy and high consumer traffic. This location provides easy access for customers and employees alike. The property's strategic placement ensures high visibility and foot traffic, making it an attractive option for businesses seeking a thriving retail environment. The Deer Park Station Shopping Center presents a unique chance to establish or expand a retail presence in a dynamic and growing community. This is a fantastic opportunity to secure a well-located retail space in a busy shopping center. The available space is ready for immediate occupancy. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Harris
    State
    Texas
    Longitude
    -95.1119
    Latitude
    29.679

    Comparable in this City

    • Value Estimation by Request
      46,479 SF

      8301 Spencer Hwy

      Lifestyle centers • 46,479 SF
      8301 Spencer Hwy, Deer Park, TX 77536
      View Details
    • Value Estimation by Request
      14,600 SF

      Nec Spencer Hwy & Blvd

      Neighborhood centers • 14,600 SF
      0 Nec Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    • Value Estimation
      $615,000
      16,476 SF

      3601 Ctr St

      SHOPPING CENTER, STRIP CENTER • 16,476 SF
      3601 Ctr St, Deer Park, TX 77536-6541
      View Details
    • Value Estimation
      $515,000
      11,820 SF

      3709 Ctr St

      SHOPPING CENTER, STRIP CENTER • 11,820 SF
      3709 Ctr St, Deer Park, TX 77536-6576
      View Details
    • Value Estimation
      $1,325,000
      81,354 SF

      1701 Ctr St

      SHOPPING CENTER, STRIP CENTER • 81,354 SF
      1701 Ctr St, Deer Park, TX 77536-3509
      View Details
    • Value Estimation by Request
      17,400 SF

      1609 Ctr St

      SHOPPING CENTER, STRIP CENTER • 17,400 SF
      1609 Ctr St, Deer Park, TX 77536-3507
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      18,765 SF

      Deer Park Retail Space Available

      High-traffic retail space in Deer Park, TX.
      0 Nwc Spencer Hwy & Blvd, Deer Park, TX 77536
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      Shoppes at Town Square III Retail Space

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      Deer Park Retail Center Investment

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      0 Nec Spencer Hwy & Blvd, Deer Park, TX 77536
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    • $19 SF/Yr
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      Retail Space in Deer Park

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    Deer Park, TX 77536
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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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