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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Automotive properties
1001 Wayside Dr Houston, TX 77011-2519
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3973359
Property summary
AI-generated overview
This exceptional 13,000 square foot vacant convenience store, located at 1001 Wayside Dr, Houston, TX 77011, presents a prime development opportunity. Situated on a 1.57-acre lot (68,520 square feet), this Class D retail property is offered at $4,000,000, or $307.69 per square foot. The property features a single-story building and is currently vacant, allowing for immediate occupancy or redevelopment. The "N/Ap, Houston" zoning permits flexibility for various uses. Given its strategic location near downtown Houston and the area's anticipated development, this property offers significant potential for future growth and return on investment. The gross lease type simplifies management, and the fee simple ownership provides complete control. This multifunctional structure presents a rare chance to capitalize on a burgeoning market. Consider the possibilities for residential or commercial development, or a build-to-suit project. This is a truly unique opportunity to acquire a substantial property in a rapidly evolving area of Houston.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1997
Construction
WOOD FRAME
Total area
14,659 SF
Lot
1.57 ac (68,524 SF)
APN
1189260010001
UPID
US83-3973359
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Television de Houston Film Production Television Studio
-
EL PALACIO REAL Wedding Service Rental Equipment Company
-
Casa Chevy Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
1001 Wayside INC · 3 yrs held
1001 Wayside INC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+6.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,225,000
Current use
COMMERCIAL (GENERAL)
$2,365,000
Change: +6% · Conversion: Moderate
RESTAURANT
$1,975,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$46,861
Tax year 2022
Assessed value
$2,362,846
Assessed 2024
Previous assessed
$2,325,808
+1.6% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,233,432
Assessed improvement
$1,129,414
Land market value
$1,233,432
Improvement market value
$1,129,414
Total market value
$2,362,846
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
14,659 SF
Lot
1.57 ac (68,524 SF)
APN
1189260010001
UPID
US83-3973359
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
1001 Wayside INC
Entity
Free & Clear · 3 yrs held
Mailing address
8014 GLN VLY DR, HOUSTON, TX 77061-1310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
1001 Wayside INC
Secundino Vasquez
Special Warranty Deed
—
Jul 21, 2006
—
Secundino Vazquez
Villarreal,carmen
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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