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    12011 Bammel North Houston Rd Houston, TX 77066
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    12011 Bammel North Houston Rd, Houston, TX 77066

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    • Retail properties & Spaces
    • 2,500 SF
    • 0.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Loanstar Title Loans / Loan Service
    • SelfMade Multi-service / Accounting Firm / Tax Preparation

    Property Details for 12011 Bammel North Houston Rd

    Lot size
    0.24 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 2,500 square foot convenience store/QSR/Storefront in Houston, Texas. Located at 12011 Bammel North Houston Rd, 77066, on a 0.24-acre lot, this property boasts a strong 6.26% cap rate and a substantial Net Operating Income (NOI) of $49,300. The property is currently 100% occupied under a triple-net (NNN) lease with Select Management Resources (SMR), a major national title loan company with over 425 locations. The lease commenced October 1, 2024, and extends for a full 20 years, providing exceptional long-term stability. The lease includes a corporate guarantee and attractive 3% annual rent bumps, ensuring consistent income growth. This is a passive income investment with no landlord responsibilities beyond collecting rent checks

    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
    -95.4987
    Latitude
    29.9509

    Comparable in this City

    • Value Estimation
      $600,000
      12,025 SF

      12311 Bammel N Houston Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      12311 Bammel N Houston Rd, Houston, TX 77066-4503
      View Details
    • Value Estimation
      $540,000
      9,551 SF

      6203 Bourgeois Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      6203 Bourgeois Rd, Houston, TX 77066-3905
      View Details
    • Value Estimation
      $530,000
      6,480 SF

      12025 Cutten Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      12025 Cutten Rd, Houston, TX 77066-1813
      View Details
    • Value Estimation by Request
      5,496 SF

      12003 Bammel N Houston Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      12003 Bammel N Houston Rd, Houston, TX 77066-4703
      View Details
    • Value Estimation by Request
      4,064 SF

      6907 Farm To Market 1960 Rd

      Individual retail properties
      6907 Farm To Market 1960 Rd, Houston, TX 77066
      View Details
    • Value Estimation by Request
      5,500 SF

      12703 Shiloh Church Rd

      RETAIL STORES (PERSONAL SERVICES)
      12703 Shiloh Church Rd, Houston, TX 77066-1205
      View Details

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      5,276 SF

      Versatile Commercial Building on Large Lot

      5,276 SF building on 0.93 AC, ideal for retail/office/flex.
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      Updated Willow Park Condo Units

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      Houston Retail Shopping Center For Sale

      6,510 SF retail center, 100% occupied, NNN leases.
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      6,510 SF

      Houston Retail Center For Sale

      6,510 SF retail center in Houston, 100% occupied.
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      Executive Office Condominiums Near WillowBrook

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    Similar Nearby for Lease

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      Retail/Office Space Near FM 1960

      Recently constructed retail/office spaces available for lease near FM 1960.
      12723 Cutten Rd, Houston, TX 77066
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      2,000 SF

      Retail Space Available For Lease

      2000 square feet of retail space for rent.
      12311 N Houston Rd, Houston, TX 77066
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    • Contact for pricing
      1,560 SF

      Cutten Road Retail/Religious Space

      Retail or religious space with frontage on Cutten Road.
      12423 Cutten Rd, Houston, TX 77066
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      Retail Space For Lease

      Retail space available for lease in Houston, Texas.
      12019 Bammel North Houston Rd, Houston, TX 77066
      View Details
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      Champions Forest Retail/Warehouse Space

      2,900 SF showroom and warehouse space for lease.
      6269 Farm To Market 1960 Rd W, Houston, TX 77066
      View Details
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    Houston, TX 77066
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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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