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

    1117 Collingsworth St Houston, TX 77009-4904

    • Strip malls
    • 3,825 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2079902
    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

    • Panaderia Lucero / Bakery

    Property Details for 1117 Collingsworth St

    Year built
    1962
    Construction
    BRICK
    Lot size
    0.23 lot acres
    Property size
    3,825 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    310470000010
    APU
    310470000010

    Description

    This exceptional 1,700-square-foot commercial space at 1117 Collingsworth St, Houston, TX 77009, presents a unique opportunity for a variety of businesses. Located in the vibrant Inner Loop/Heights submarket, this single-tenant property offers a blank canvas for build-out, perfect for creating a customized workspace. The building, constructed in 1962, is a one-story structure with 15 total parking spaces. The property is classified as Class C and is conveniently situated just six blocks from public transit. The space is currently in shell condition, allowing for complete design flexibility to suit your specific business needs. A tenant improvement package in the form of rent abatement is available. The location boasts excellent visibility and proximity to thriving local businesses, including the popular Panaderia Lucero. Furthermore, this prime location places your business within a two-mile radius of key attractions such as White Oak Music Hall, Saint Arnold Brewing Company, and POST Houston, as well as the University of Houston Downtown. This property is ideal for a variety of uses, including office, retail, or restaurant concepts. Don't miss this chance to establish your business in this dynamic and desirable Houston neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $515,000
      OFFICE BUILDING
      $390,000
      RETAIL STORES
      $385,000
      WAREHOUSE, STORAGE
      $285,000
      MEDICAL BUILDING
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3563
    Latitude
    29.7934
    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
    $4,127
    $250,000
    $91,716
    $341,716
    -
    $250,000
    $91,716
    $341,716

    Comparable in this City

    • Value Estimation
      $960,000
      47,677 SF

      2902 Fulton St

      SHOPPING CENTER, STRIP CENTER • 47,677 SF
      2902 Fulton St, Houston, TX 77009-5738
      View Details
    • Value Estimation
      $625,000
      19,535 SF

      2601 Fulton St

      SHOPPING CENTER, STRIP CENTER • 19,535 SF
      2601 Fulton St, Houston, TX 77009-6859
      View Details
    • Value Estimation
      $490,000
      15,492 SF

      1520 Nn Loop

      SHOPPING CENTER, STRIP CENTER • 15,492 SF
      1520 Nn Loop, Houston, TX 77009
      View Details
    • Value Estimation
      $340,000
      5,040 SF

      4920 Irvington Blvd

      SHOPPING CENTER, STRIP CENTER • 5,040 SF
      4920 Irvington Blvd, Houston, TX 77009-2771
      View Details
    • Value Estimation
      $335,000
      2,944 SF

      2124 Main St

      SHOPPING CENTER, STRIP CENTER • 2,944 SF
      2124 Main St, Houston, TX 77009-8024
      View Details
    • Value Estimation
      $410,000
      9,344 SF

      3806 Irvington Blvd

      SHOPPING CENTER, STRIP CENTER • 9,344 SF
      3806 Irvington Blvd, Houston, TX 77009
      View Details

    Similar Nearby for Sale

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      Commercial Corner Lot For Sale

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    • $1,695,000
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      Turnkey Brewery and Tap Room

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      3,749 SF

      Houston Industrial Bar/Warehouse

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    • $3,000,000
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      Retail Property Available For Sale

      Retail property with 12,420 square feet available for sale.
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      Restaurant and Retail Spaces Available

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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Houston Center

      1500 SF retail space in established Houston neighborhood.
      1117 Collingsworth St, Houston, TX 77009
      View Details
    • Contact for pricing
      1,248 SF

      Retail Space Available For Rent

      Retail space available for rent in Houston, TX.
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      View Details
    • $8 SF/Yr
      25,862 SF

      Gated Parking and Showroom Space

      31,000 SF gated parking with showroom and office space.
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      View Details
    • Contact for pricing
      4,742 SF

      Prime Houston Retail Space

      Restaurant space, ±4,742 SF, high traffic area
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    • Contact for pricing
      9,957 SF

      Houston Main Street Office Space

      Prime Houston Retail Office Building, 14 Suites Available
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    • $0.60 SF/Yr
      67,740 SF

      Houston Warehouse Space For Lease

      67,740 square feet of warehouse space available for lease.
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      View Details
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    Houston, TX 77009-4904
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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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