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

    10510 Cullen Blvd Houston, TX 77047-1146

    • Grocery and convenience stores
    • 20,110 SF
    • 1.58 lot acres
    OFF-MARKET
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2858952
    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

    • Watkins Groceries Store / Supermarket / Grocery Store
    • Primo Water Refill & Exchange / Bottled Water Supplier
    • Precision Garage Door Repair Houston / Garage Door Supplier

    Property Details for 10510 Cullen Blvd

    Year built
    1960
    Construction
    CONCRETE BLOCKS
    Lot size
    1.58 lot acres
    Property size
    20,110 SF
    Property type
    Grocery and convenience stores
    APN
    461120000035
    APU
    461120000035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $811,000
      Market price range: $812k - $1.57M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,040,000
      Current use
      WAREHOUSE, STORAGE
      $870,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3567
    Latitude
    29.6454
    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
    $27,685
    $344,125
    $1,008,202
    $1,352,327
    -
    $344,125
    $1,008,202
    $1,352,327

    Comparable in this City

    • Value Estimation
      $530,000
      5,396 SF

      3331 Sam Houston E Pkwy

      CONVENIENCE STORE • 5,396 SF
      3331 Sam Houston E Pkwy, Houston, TX 77047-6504
      View Details
    • Value Estimation by Request
      4,440 SF

      2944 Sam Houston E Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 4,440 SF
      2944 Sam Houston E Pkwy, Houston, TX 77047-6509
      View Details
    • Value Estimation by Request
      7,325 SF

      11555 Cullen Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 7,325 SF
      11555 Cullen Blvd, Houston, TX 77047-1803
      View Details
    • Value Estimation by Request
      5,240 SF

      12703 Kirby Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 5,240 SF
      12703 Kirby Dr, Houston, TX 77047-2621
      View Details
    • Value Estimation by Request
      7,038 SF

      808 Almeda Genoa Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 7,038 SF
      808 Almeda Genoa Rd, Houston, TX 77047-4108
      View Details
    • Value Estimation
      $610,000
      7,698 SF

      12602 Ss Fwy

      CONVENIENCE STORE (W/FUEL PUMP) • 7,698 SF
      12602 Ss Fwy, Houston, TX 77047-1916
      View Details

    Similar Nearby for Sale

    • $1,771,020

      Houston Salvage Yard Opportunity

      Warehouse space on 2.26 AC near SH 288.
      10702 Cullen Blvd, Houston, TX 77047
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    • $2,600,000
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      Retail Property for Sale

      Retail property available for purchase in Houston, Texas.
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    • $3,300,000

      Prime Land on Cullen Boulevard

      5-acre property on Cullen Blvd, ideal for development.
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    • $2,100,000
      8,230 SF

      Prime Commercial Land Opportunity

      8,230 SF building on 5 acres near Beltway 8.
      13030 Cullen Blvd, Houston, TX 77047
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    • $2,900,000

      Prime Land on Cullen Boulevard

      Large acreage with frontage, warehouse, and convenient highway access.
      15225 Cullen Blvd, Houston, TX 77047
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    • $365,195

      Unrestricted Land Near Hobby Airport

      1.3414 acres of unrestricted land suitable for various developments.
      Tavenor Ln, Houston, TX 77047
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    Similar Nearby for Lease

    • $1.08 SF/Yr
      36,857 SF

      Houston Commercial Land Opportunity

      Prime 36,857 sq ft lot, single tenant.
      Houston Tx 77045 Orem Dr, Houston, TX 77047
      View Details
    • Contact for pricing
      213,425 SF

      Kirby288 Industrial Space Available

      213,425 SF industrial space with Q2 2026 delivery.
      12150 Kirby Dr, Houston, TX 77047
      View Details
    • Contact for pricing

      South Houston Land Opportunity

      3.6 acre site ideal for industrial or residential uses.
      Hycohen Rd, Houston, TX 77047
      View Details
    • $1,850 /Mo
      1,687 SF

      Cozy Home Near Downtown

      Move-in ready 3-bedroom home near freeways, downtown, and medical center.
      2710 Maybrook Hollow Ln, Houston, TX 77047
      View Details
    • Contact for pricing
      41,450 SF

      Prime Land Along SH 288

      Land available for ground lease or build to suit.
      14290 Cullen Blvd, Houston, TX 77047
      View Details
    • Contact for pricing

      Houston Warehouse Space Available

      Warehouse, industrial, and distribution property available for rent in Houston.
      4897 South Belt Central Dr, Houston, TX 77047
      View Details
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    10510 Cullen Blvd
    Houston, TX 77047-1146
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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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