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    Property profile & analytics

    10 Uvalde Rd Houston, TX 77015

    • Outlet malls
    • 31,764 SF
    • 3.06 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2667978
    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

    • Fallas Paredes Discount Stores / Men'S Clothing Store / Baby Clothing Store
    • Dollar Tree / Discount Store / Home Goods Store

    Property Details for 10 Uvalde Rd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    3.06 lot acres
    Property size
    31,764 SF
    Property type
    Outlet malls
    APN
    1156190000003
    APU
    1156190000003

    Description

    This Houston, Texas retail shopping center presents a compelling redevelopment opportunity. Located at 10 Uvalde Rd, Houston, TX 77015, this fee simple property boasts 29,597 square feet on a 3.06-acre lot. Currently, the center has 39% occupancy with a single, credit-rated Dollar Tree tenant under a NNN lease with 10 years remaining. The property benefits from a high-traffic location at the southwest corner of Wallisville Rd & Uvalde Rd, seeing over 45,000 combined daily vehicles. Its proximity to Beltway 8 and Highway 90 provides convenient access to the entire Houston MSA. The building is available for sale or lease and presents a below replacement cost investment opportunity for owner-users seeking a value-add project. This multi-tenant property offers significant potential for increased occupancy and revenue. The property is situated in Harris County and offers excellent visibility and accessibility. The existing structure is a former Fallas Paredes building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,227,000
      Market price range: $1.23M - $3.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1837
    Latitude
    29.8054
    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
    2020
    $11,199
    $599,463
    $896,581
    $1,496,044
    -
    $599,463
    $896,581
    $1,496,044

    Comparable in this City

    • Value Estimation
      $745,000
      116,382 SF

      13600 Ee Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 116,382 SF
      13600 Ee Fwy, Houston, TX 77015-5917
      View Details
    • Value Estimation
      $795,000
      109,740 SF

      13350 Ee Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 109,740 SF
      13350 Ee Fwy, Houston, TX 77015-5802
      View Details
    • Value Estimation
      $965,000
      117,018 SF

      13400 Market St Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 117,018 SF
      13400 Market St Rd, Houston, TX 77015
      View Details
    • Value Estimation
      $630,000
      150,385 SF

      13700 Ee Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 150,385 SF
      13700 Ee Fwy, Houston, TX 77015
      View Details
    • Value Estimation
      $835,000
      209,207 SF

      5655 Sam Houston N Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 209,207 SF
      5655 Sam Houston N Pkwy, Houston, TX 77015-3250
      View Details
    • Value Estimation
      $630,000
      24,052 SF

      12 Uvalde Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 24,052 SF
      12 Uvalde Rd, Houston, TX 77015-1430
      View Details

    Similar Nearby for Sale

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      Unrestricted Land Near Greens Bayou

      Unrestricted land with quick highway access and city utilities.
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      Houston Warehouse Space Available

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    Similar Nearby for Lease

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      129,029 SF

      East Houston Shopping Center Space

      Retail space available in East Houston near major retailers.
      13502-13560 East Fwy, Houston, TX 77015
      View Details
    • $18 SF/Yr
      21,000 SF

      Coronado Village Shopping Center

      Houston Retail Space: Prime Location
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      View Details
    • $22 SF/Yr
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      Houston Retail Space Available

      Prime Houston retail space, 1400-2700 sq ft.
      12620 Wood Forest Blvd, Houston, TX 77015
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    • Contact for pricing
      5,120 SF

      Houston Retail Space For Lease

      Prime Houston retail space, high traffic location.
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      View Details
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      13,500 SF

      Woodforest Blvd Retail Space

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    • Contact for pricing
      16,944,840 SF

      Greens Bayou Industrial Land

      ±389 Acres Houston, TX - Ideal for Bulk Storage
      0 Penn City Rd, Houston, TX 77015
      View Details
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    10 Uvalde Rd
    Houston, TX 77015
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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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