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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10070 Veterans Memorial Dr Houston, TX 77038

    • Auto shops
    • 7,700 SF
    • 2.07 lot acres
    For Sale
    View listing
    $3,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4611212
    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

    • Northside Domestic & Import / Auto Repair Shop / Auto Body Shop

    Property Details for 10070 Veterans Memorial Dr

    Year built
    2004
    Construction
    METAL FRAME
    Lot size
    2.07 lot acres
    Property size
    7,700 SF
    Property type
    Auto shops
    APN
    1030670000218
    APU
    1030670000218

    Description

    This exceptional 24,300-square-foot industrial property, built in 2017 and renovated in 2022, presents a lucrative investment opportunity in Houston, Texas. Located at 10070 Veterans Memorial Drive, this auto shop and warehouse boasts 7,800 square feet of net rentable space, situated on a 2.07-acre lot. The property features five drive-in bays equipped with lifts, an enclosed office/reception area, and a covered open repair area for additional capacity. Ample storage and inventory space is available, along with extensive paved parking (20,800 sq ft) and excellent signage opportunities. The building benefits from 135 feet of frontage on Veterans Memorial Drive, providing exceptional visibility and accessibility from Forestburg Drive. Its strategic location within a high-density residential and commercial area ensures a captive market and easy access to major freeways including Beltway 8 (1.5 miles), I-45 (1.8 miles), and SH249 (under 3 miles). High daily traffic counts on surrounding roadways further enhance its appeal. The property is situated in Harris County, within the Aldine ISD, and enjoys a favorable tax rate. Owner financing is available for qualified buyers with a $1.5 million down payment. This turnkey operation is ideal for an established business or a savvy investor seeking a high-return asset in a prime Houston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $720,000
      Current use
      RESTAURANT
      $780,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4425
    Latitude
    29.9167
    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
    $14,003
    $450,845
    $1,278,098
    $1,728,943
    -
    $450,845
    $1,278,098
    $1,728,943

    Comparable in this City

    • Value Estimation
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      AUTO REPAIR, GARAGE • 15,856 SF
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    • Value Estimation by Request
      4,920 SF

      1116 Blue Bell Rd

      AUTO REPAIR, GARAGE • 4,920 SF
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      7,419 SF

      1311 Mt Houston Rd

      AUTO REPAIR, GARAGE • 7,419 SF
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    • Value Estimation by Request
      2,550 SF

      10501 Veterans Memorial Dr

      AUTO REPAIR, GARAGE • 2,550 SF
      10501 Veterans Memorial Dr, Houston, TX 77038-1001
      View Details
    • Value Estimation by Request
      2,372 SF

      1323 Mt Houston Rd

      AUTO REPAIR, GARAGE • 2,372 SF
      1323 Mt Houston Rd, Houston, TX 77038-3803
      View Details
    • Value Estimation by Request
      1,836 SF

      2852 Mt Houston Rdc

      AUTO REPAIR, GARAGE • 1,836 SF
      2852 Mt Houston Rdc, Houston, TX 77038-3305
      View Details

    Similar Nearby for Sale

    • $3,700,000
      23,750 SF

      Houston Auto Shop Investment Opportunity

      New auto shop near Jersey Village with high traffic frontage.
      10070 Veterans Memorial Dr, Houston, TX 77038
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    • $3,700,000
      24,300 SF

      Houston Auto Shop & Warehouse

      Prime location, high traffic, owner financing.
      10070 Veterans Memorial Dr, Houston, TX 77038
      View Details
    • Contact for pricing

      Paved Lot with Secure Perimeter

      Paved parking lot with fencing and electric gates.
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    • $1,200,000

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      Land suitable for warehouse, RV park, or storage facility.
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      North Houston Industrial Land

      1.849 acres of industrial land in North Houston.
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    • $350,000

      Prime Unrestricted Land For Sale

      43,212 sf lot at high-traffic intersection.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,579 SF

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      High-traffic corner lot, ideal for QSR or gas station.
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    • $16 SF/Yr
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      Retail Space on Veterans Memorial

      Retail space available for lease on Veterans Memorial Drive.
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      282,190 SF

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      21,276 SF

      Northwest Houston Office/Warehouse Space

      21,276 SF office/warehouse on 1.31 AC fronting Beltway 8.
      3367 N Sam Houston Pkwy W, Houston, TX 77038
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    • Contact for pricing
      10,000 SF

      Houston Industrial Space For Lease

      10,000 SF industrial space available for rent in Houston.
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      116,355 SF

      Pinto Business Park I Warehouses

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      View Details
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    10070 Veterans Memorial Dr
    Houston, TX 77038
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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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