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    20Th St Houston, TX 77008

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    20Th St Houston, TX 77008

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    • Lifestyle centers
    • 71,277 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 20Th St

    Property size
    71,277 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Heights Plaza, a vibrant retail center located in Houston, Texas at the intersection of Yale St. and W 20th St (zip code 77008), offers exceptional opportunities for businesses seeking prime retail space in a thriving market. This Harris County property boasts a total of 71,277 square feet, currently featuring two suites. A significant advantage is the presence of a Kroger anchor tenant, attracting a substantial customer base. The center is strategically positioned within the heart of the Heights, a rapidly redeveloping area experiencing extensive gentrification and characterized by a densely populated, upwardly mobile demographic. Individual suites range from a minimum of 1,404 square feet to a maximum contiguous space of 2,531 square feet, providing flexibility for various business needs. Currently, 3,935 square feet of retail space is available for lease. Ample parking is provided with 326 spaces available for customers and tenants. This property presents a unique investment opportunity in a high-growth area with a strong anchor tenant and a desirable consumer base. The property's location within the Heights active redevelopment area ensures high visibility and accessibility for businesses. The available space is ideal for retailers seeking to establish or expand their presence in a dynamic and affluent community. Contact us today to learn more about this exceptional retail opportunity.

    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
    -95.4009
    Latitude
    29.8046

    Comparable in this City

    • Value Estimation by Request
      7,110 SF

      1249 Loop

      Neighborhood centers • 7,110 SF
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    • Value Estimation
      $870,000
      27,000 SF

      1417 11th St

      MINI-MALL • 27,000 SF
      1417 11th St, Houston, TX 77008-6580
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    • Value Estimation
      $2,985,000
      81,976 SF

      961 Shepherd Dr

      MINI-MALL • 81,976 SF
      961 Shepherd Dr, Houston, TX 77008-6526
      View Details
    • Value Estimation
      $1,050,000
      4,900 SF

      718 18th St

      SHOPPING CENTER, STRIP CENTER • 4,900 SF
      718 18th St, Houston, TX 77008-3530
      View Details
    • Value Estimation
      $1,600,000
      122,150 SF

      1431 20th St

      SHOPPING CENTER, STRIP CENTER • 122,150 SF
      1431 20th St, Houston, TX 77008-2931
      View Details
    • Value Estimation by Request
      5,712 SF

      1150 25th St, Unit 7

      SHOPPING CENTER, STRIP CENTER • 5,712 SF
      1150 25th St, Houston, TX 77008-1830
      View Details

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      23,895 SF

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      Commercial building in the heart of the Greater Heights area.
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      14,000 SF

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      Mixed-Use Property in Houston Heights

      Partially constructed mixed-use property in Houston Heights district.
      1211 N Durham Dr, Houston, TX 77008
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      31,000 SF

      Inner Loop Land for Redevelopment

      Prime land tract suitable for redevelopment or owner-operator.
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      Land with Auto Repair Shop

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    Similar Nearby for Lease

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      19,144 SF

      Houston Heights Retail Space

      Prime Houston retail, 3,084 sq ft available
      238 19Th St, Houston, TX 77008
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      Restaurant and Retail Spaces Available

      Second-generation restaurant and retail spaces for lease.
      1710 W 18Th St, Houston, TX 77008
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      Prime Corner Site for Lease

      Corner site suitable for QSR or coffee shop in Houston.
      1600 W 18Th St, Houston, TX 77008
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      Freestanding Building in The Heights

      Freestanding building with ample parking in Houston's The Heights.
      743 E 11Th St, Houston, TX 77008
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      Prime Retail, Restaurant, Office Space

      Available space suitable for retail, restaurant, medical, or creative office.
      8600 Hempstead Rd, Houston, TX 77008
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    • Contact for pricing

      Retail Center at Prime Corner

      Retail space in vibrant community with restaurants and shopping.
      1223 W 11Th St, Houston, TX 77008
      View Details
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    20Th St
    Houston, TX 77008
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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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