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    2405 Gessner Rd Houston, TX 77063

    • Strip malls
    • 10,507 SF
    • 0.79 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4245895
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vachhani Sunil A DC / Chiropractor
    • The Gentry Men's Salon & Upscale Barbershop / Barber Shop
    • Butler Max C MD / Family Practice Physician
    • Juliette Depue / Family Practice Physician
    • Peters Douglas K MD / Doctor

    Property Details for 2405 Gessner Rd

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    0.79 lot acres
    Property size
    10,507 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1049130000009
    APU
    1049130000009

    Description

    This exceptional 9,966 square foot multi-tenant retail center presents a prime owner-user opportunity in Houston, Texas. Situated at 2405 S Gessner Rd, in Harris County, zip code 77063, this property boasts a strategic location along the east side of South Gessner Road, conveniently nestled between Ella Lee Lane and Westheimer Road. Built in 1970 and renovated in 2005, the center benefits from a stable and growing surrounding area, featuring new townhomes, multi-family residential complexes, additional retail centers, office buildings, and restaurants. The property's convenient access from downtown Houston further enhances its appeal. The lease type is NNN, offering a predictable and manageable operating structure. This is an ideal investment for those seeking a well-maintained, multi-tenant retail property in a thriving Houston neighborhood. The property's size and location make it suitable for a variety of uses, presenting a strong potential for both immediate and long-term returns. This is a rare opportunity to acquire a well-established retail center in a high-growth area of Houston.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $375,000
      Market price range: $158k - $393k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5378
    Latitude
    29.7406
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $45,415
    $1,381,360
    $768,731
    $2,150,091
    -
    $1,381,360
    $768,731
    $2,150,091

    Comparable in this City

    • Value Estimation
      $285,000
      47,644 SF

      8383 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 47,644 SF
      8383 Westheimer Rd, Houston, TX 77063-2711
      View Details
    • Value Estimation
      $265,000
      35,080 SF

      9099 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 35,080 SF
      9099 Westheimer Rd, Houston, TX 77063-3620
      View Details
    • Value Estimation
      $490,000
      24,602 SF

      9296 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 24,602 SF
      9296 Westheimer Rd, Houston, TX 77063-3529
      View Details
    • Value Estimation
      $745,000
      27,066 SF

      3995 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 27,066 SF
      3995 Gessner Rd, Houston, TX 77063-5135
      View Details
    • Value Estimation
      $405,000
      7,987 SF

      3337 Fondren Rd

      SHOPPING CENTER, STRIP CENTER • 7,987 SF
      3337 Fondren Rd, Houston, TX 77063-5622
      View Details
    • Value Estimation
      $475,000
      17,200 SF

      3101 Fondren Rd

      SHOPPING CENTER, STRIP CENTER • 17,200 SF
      3101 Fondren Rd, Houston, TX 77063
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,966 SF

      Gessner Road Retail Center Investment

      Houston Shopping Center - NNN Lease
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      Prime Corner Lot Opportunity

      Corner lot near Galleria, ideal for automotive businesses.
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      1,689 SF

      Retail Property in Revitalization Zone

      Retail property with high visibility in an active revitalization zone.
      1419 Gessner Rd, Houston, TX 77063
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    • $289,000

      Updated Unit Near Briarbend Park

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    Similar Nearby for Lease

    • Contact for pricing
      22,110 SF

      Retail Center in Southwest Houston

      Retail center with excellent curb appeal and diversified demographics.
      3202-3240 Fondren Rd, Houston, TX 77063
      View Details
    • $18 SF/Yr
      49,359 SF

      Sunridge Center Retail Space for Lease

      Houston Shopping Center: 4 Suites Available
      3800 Gessner Rd, Houston, TX 77063
      View Details
    • $27 SF/Yr
      10,814 SF

      Woodlake Shopping Center Retail Space

      Houston Retail Space: 2,000 sq ft available.
      2660 Gessner Rd, Houston, TX 77063
      View Details
    • Contact for pricing
      130,851 SF

      Westhill Village Retail Space

      Houston retail space, multiple suites available.
      0 Westheimer Rd. & Hillcroft Ave, Houston, TX 77063
      View Details
    • Contact for pricing
      32,618 SF

      Westheimer Retail Center

      Houston Retail Space: 2,040-5,288 SF
      9099 Westheimer Rd, Houston, TX 77063
      View Details
    • Contact for pricing
      49,017 SF

      Shops at Piney Point Retail Spaces

      Prime Briarmeadow retail, two spaces available.
      2532 Fondren Rd, Houston, TX 77063
      View Details
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    Houston, TX 77063
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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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