Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    102 Hts Blvd Houston, TX 77007-4755

    Property Lookup

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

    102 Hts Blvd Houston, TX 77007-4755

    View on Map
    • Medical Office Space
    • 5,800 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US83-0357250
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Park Dentistry for Kids / Dental Office
    • Smoothie King / Specialty Food Shop / (Bike/Boat/Book/etc) Store

    Property Details for 102 Hts Blvd

    Year built
    2017
    Construction
    WOOD FRAME
    Lot size
    0.43 lot acres
    Property size
    5,800 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1382540010001
    APU
    1382540010001

    Description

    This exceptional 5,922 square foot shopping center, located at 102 Heights Blvd in Houston, Texas, presents a compelling investment opportunity. Built in 2018, the property sits on a 0.45-acre lot and boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $276,014. The asking price is $4,600,248.33. The center is currently home to three tenants, including Shipleys and Mint Orthodontics, all of which are corporate-based businesses providing stability and predictable income streams. The existing leases offer a significant remaining term of 5-10 years, minimizing vacancy risk and ensuring consistent cash flow for the foreseeable future. This centrally located property benefits from its attractive co-tenants and strong tenant base, making it an ideal addition to any diversified real estate portfolio. The property's location in the vibrant Houston market, within Harris County, zip code 77007, further enhances its investment appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with substantial long-term growth potential. The property's strong financials and stable tenancy make it a low-risk, high-reward investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3968
    Latitude
    29.7706
    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
    $32,332
    $1,584,315
    $1,362,373
    $2,946,688
    -
    $1,584,315
    $1,362,373
    $2,946,688

    Comparable in this City

    • Value Estimation
      $1,125,000
      12,782 SF

      4710 Katy Fwy

      MEDICAL BUILDING • 12,782 SF
      4710 Katy Fwy, Houston, TX 77007-2204
      View Details
    • Value Estimation
      $4,990,000
      45,452 SF

      1431 Studemont St

      MEDICAL BUILDING • 45,452 SF
      1431 Studemont St, Houston, TX 77007-3803
      View Details
    • Value Estimation by Request
      1,440 SF

      1603 Shepherd Dr

      MEDICAL BUILDING • 1,440 SF
      1603 Shepherd Dr, Houston, TX 77007-3460
      View Details
    • Value Estimation by Request
      2,038 SF

      650 Hts Blvd

      MEDICAL BUILDING • 2,038 SF
      650 Hts Blvd, Houston, TX 77007-2524
      View Details
    • Value Estimation
      $610,000
      7,200 SF

      1411 Bonner St

      MEDICAL BUILDING • 7,200 SF
      1411 Bonner St, Houston, TX 77007-3651
      View Details
    • Value Estimation
      $1,345,000
      60,235 SF

      5151 Katy Fwy

      MEDICAL BUILDING • 60,235 SF
      5151 Katy Fwy, Houston, TX 77007-2260
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,985 SF

      Rice Military Office Building

      Office building in Rice Military with easy access to I-10.
      5910 Rose St, Houston, TX 77007
      View Details
    • Contact for pricing
      4,048 SF

      Iconic Heights Boulevard Office/Residence

      Live, work, and entertain in an ideal location.
      638 Heights Blvd, Houston, TX 77007
      View Details
    • Contact for pricing
      14,500 SF

      Office/Warehouse Buildings in Cottage Grove

      Two buildings totaling 14,500 SF on 0.46 acres.
      2210 Sandman St, Houston, TX 77007
      View Details
    • Contact for pricing
      1,918 SF

      Heights Boulevard Office Space

      Office space available for sale in Houston Heights.
      1117 Heights Blvd, Houston, TX 77007
      View Details
    • Contact for pricing
      6,300 SF

      Creative Office Space Opportunity

      Creative office space with convenient access to Downtown and The Heights.
      2417 Sabine St, Houston, TX 77007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Office Building Near St. Joseph's

      Two-story medical/office building near St. Joseph's Hospital in Houston.
      2105 Jackson St, Houston, TX 77007
      View Details
    • Contact for pricing

      Turn-Key Medical Office Space

      Second generation medical space available for lease in Houston.
      4500 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing

      Prime Inner Loop Location

      Ideal for banks, medical, and QSR users in Houston.
      6225 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing

      Warehouse with Office Space

      Warehouse space available for lease, includes office and dock doors.
      651 N Shepherd Dr, Houston, TX 77007
      View Details
    • Contact for pricing

      Office Space in Houston, TX

      Office space available for rent in Houston, Texas.
      3663 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      400 SF

      Inner Loop Office Space Available

      Class B office space for rent in Houston, TX.
      8100 Washington Ave, Houston, TX 77007
      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.
    102 Hts Blvd
    Houston, TX 77007-4755
    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.
    Sign Up Successful!
    You now have access to more from Realmo!