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    Property profile & analytics

    12602 Westheimer Rd Houston, TX 77077

    • Strip malls
    • 13,906 SF
    • 0.86 lot acres
    For Lease
    View listing
    Value Estimations
    $355,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3605568
    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

    • Xfinity Store by Comcast Branded Partner / Telephone Company / Computer Service
    • Metro by T-Mobile / Cell Phone Accessory Store / Telecommunications Service Provider

    Property Details for 12602 Westheimer Rd

    Year built
    2003
    Construction
    CONCRETE BLOCKS
    Lot size
    0.86 lot acres
    Property size
    13,906 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1257190010001
    APU
    1257190010001

    Description

    This exceptional retail center, built in 2003, offers 12,600 square feet of space with 6,730 square feet currently available for lease. The property is situated on a 0.86-acre lot at the hard corner of Westheimer Road and Dairy Ashford, providing unparalleled visibility and accessibility. Multiple spaces are available, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 4,730 square feet, including a prime end-cap unit facing Westheimer Road. The center benefits from exceptionally high daily traffic counts, with approximately 67,599 vehicles per day on Westheimer Road and 32,370 vehicles per day on Dairy Ashford, according to TxDOT data. Its strategic location offers convenient access to major thoroughfares including Beltway 8, Interstate 10, and the Westpark Tollway, all within a 5-10 minute drive. The strong demographics of the area are a significant advantage, with approximately 182,556 people and 73,429 households within a 3-mile radius. Ample parking is provided with 63 spaces available. This is a truly remarkable opportunity for businesses seeking high visibility and a prime location in a thriving retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $306,000
      Market price range: $203k - $466k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $330,000
      Current use
      RETAIL STORES
      $615,000
      Change: +87% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $445,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6062
    Latitude
    29.7367
    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
    $47,917
    $1,310,750
    $942,414
    $2,253,164
    -
    $1,310,750
    $942,414
    $2,253,164

    Comparable in this City

    • Value Estimation
      $630,000
      21,580 SF

      2150 Hwy 6th S

      SHOPPING CENTER, STRIP CENTER • 21,580 SF
      2150 Hwy 6th S, Houston, TX 77077-4300
      View Details
    • Value Estimation
      $375,000
      20,392 SF

      1402 Eldridge Pkwy

      SHOPPING CENTER, STRIP CENTER • 20,392 SF
      1402 Eldridge Pkwy, Houston, TX 77077-1625
      View Details
    • Value Estimation
      $640,000
      23,086 SF

      1531 Eldridge Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,086 SF
      1531 Eldridge Pkwy, Houston, TX 77077-2432
      View Details
    • Value Estimation
      $595,000
      20,712 SF

      12225 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 20,712 SF
      12225 Westheimer Rd, Houston, TX 77077-6001
      View Details
    • Value Estimation
      $970,000
      53,749 SF

      14097 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 53,749 SF
      14097 Westheimer Rd, Houston, TX 77077-5300
      View Details
    • Value Estimation
      $710,000
      37,999 SF

      12845 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 37,999 SF
      12845 Westheimer Rd, Houston, TX 77077-5724
      View Details

    Similar Nearby for Sale

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      Parking lot with accessibility and high traffic location.
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      Houston Car Wash Investment Opportunity

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      One-acre commercial land with high visibility and development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      3,283 SF

      Retail Space in Houston, TX

      Retail space available in revitalized Houston shopping strip.
      12230 Westheimer Rd, Houston, TX 77077
      View Details
    • $15 SF/Yr
      81,748 SF

      Westheimer Retail Center

      Houston Retail Space Available
      12280-12288 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      80,000 SF

      Ashford Village Center Retail Space

      Houston Retail Center: 2,700-6,700 SF Available
      1801 Dairy Ashford Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      15,566 SF

      Parkway Village Retail Space

      Houston Retail Center: 5 Suites Available
      1560 Eldridge Pkwy, Houston, TX 77077
      View Details
    • Contact for pricing
      2 SF

      Retail Property for Lease

      Retail property available for lease in Houston, Texas.
      1096 Enclave Pkwy, Houston, TX 77077
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Westheimer Road

      Retail property available for lease on Westheimer Road.
      11316-11328 Westheimer Rd, Houston, TX 77077
      View Details
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    12602 Westheimer Rd
    Houston, TX 77077
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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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