Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1003 Houston St Cleveland, TX 77327

    • Commercial real estate
    • 4,000 SF
    • 0.47 lot acres
    For Lease
    View listing
    Last Sale
    Jan 24, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3186414
    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

    • Commercial real estate

    Property Details for 1003 Houston St

    Year built
    2023
    Lot size
    0.47 lot acres
    Property size
    4,000 SF
    Property type
    Commercial real estate
    APN
    R68457
    APU
    R68457

    Description

    Legends Marketplace in Cleveland, Texas, offers a fantastic retail opportunity. This vibrant retail center boasts a total of 1,600 square feet, with one immediately available space of 800 square feet perfectly suited for a variety of businesses. The property is located at 1003 E Houston St, Cleveland, TX 77327, offering excellent visibility and accessibility. The building is designed for multiple tenants, creating a dynamic and synergistic environment. This is an exceptional chance to establish or expand your retail presence in a thriving community. The space is ready for immediate occupancy, allowing for a quick and efficient start to your business operations. Serious inquiries are encouraged to explore this exciting opportunity to become part of the Legends Marketplace's growing success. The property's location provides easy access for customers and offers significant potential for growth and profitability. Don't miss out on this prime retail space in a rapidly developing area. Contact us today to learn more and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.0772
    Latitude
    30.3415
    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
    2024
    $5,536
    $103,320
    $202,390
    $305,710
    -
    $103,320
    $202,390
    $305,710

    Comparable in this City

    • Value Estimation by Request
      693.05 Acres

      306 Hwy 321 @ County Rd

      Land • 693.05 Acres
      306 Hwy 321 @ County Rd, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      8.66 Acres

      1616 County Rd

      Land • 8.66 Acres
      1616 County Rd, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      1.00 Acre

      2850 County Rd

      Land • 1.00 Acre
      2850 County Rd, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      10,726.00 Acres

      321 & Charles Barker

      Land • 10,726.00 Acres
      321 & Charles Barker, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      26.63 Acres

      10973 Plum Grove Rd

      Farms • 26.63 Acres
      10973 Plum Grove Rd, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      6,917 SF

      105 County Road 2239

      Commercial real estate • 6,917 SF
      105 County Road 2239, Cleveland, TX 77327
      View Details

    Similar Nearby for Sale

    • $780,000
      6.20 Acres

      Cleveland Hwy Commercial Property

      6.2-Acre Business Park Tract, $780,000
      1968 Cleveland Hwy, Cleveland, TX 77327
      View Details
    • $71,000

      Texas Agricultural Land - Cleveland

      Prime Texas farmland, excellent investment.
      1104 Rd 5203, Cleveland, TX 77327
      View Details
    • $392,040
      8.66 Acres

      8.6 Acres Commercial Land, Cleveland, TX

      Prime commercial land, high traffic area, excellent investment.
      1616 County Rd 3549, Cleveland, TX 77327
      View Details
    • Contact for pricing
      693.05 Acres

      Highway 321 Prime Development Land

      693 Acres, Unrestricted, Opportunity Zone
      0 Hwy 321 @ County Rd 306, Cleveland, TX 77327
      View Details
    • $936,975
      2.39 Acres

      Highway 59 South Commercial Land

      2.39 Acres, Prime Cleveland Location
      310 Us Highway 59, Cleveland, TX 77327
      View Details
    • $392,040

      Cleveland, TX Commercial Land

      High-growth area, prime location. Adjacent to major retailers.
      1395 County Rd 3549, Cleveland, TX 77327
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,868 SF

      Cleveland Industrial Manufacturing Space

      3,868 SF Manufacturing Facility in Cleveland, TX
      200 Manthey Ave, Cleveland, TX 77327
      View Details
    • $10 SF/Yr
      5,000 SF

      Liberty County Industrial Space

      5,000 SF Manufacturing/Warehouse
      105 Hubert St, Cleveland, TX 77327
      View Details
    • $15 SF/Yr
      4,500 SF

      Freestanding Building with Bay Doors

      4,500 SF building with three bay doors for lease.
      1009 Highway 59 N, Cleveland, TX 77327
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Legends Marketplace

      Retail space available for rent in Cleveland's Legends Marketplace.
      1003 E Houston St, Cleveland, TX 77327
      View Details
    • Contact for pricing
      9,500 SF

      Prime Cleveland Retail Space

      9,500 SF Retail Building, 4,500 SF Available
      2403 Houston St, Cleveland, TX 77327
      View Details
    • $1.25 SF/Yr
      6,400 SF

      New Retail Space Available

      New construction retail space available for lease.
      705 E Houston St, Cleveland, TX 77327
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1003 Houston St
    Cleveland, TX 77327
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.