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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Grocery and convenience stores
11550 Sam Houston N Pkwy Houston, TX 77044-6318
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US83-0588327
Property summary
AI-generated overview
This exceptional 1.39-acre commercial and industrial land parcel, located at 11550 S Sam Houston Pkwy W, Houston, TX 77031, presents a unique investment opportunity. Situated in Harris County, this rectangular site boasts a total area of approximately 60,548 square feet. The property enjoys a highly desirable location on the east side of Beltway 8 (Sam Houston Parkway) in southwest Houston, between Bellfort and Airport Boulevards. Its strategic positioning offers unparalleled accessibility and visibility, making it suitable for a wide range of commercial and industrial uses. A key advantage is the convenient access provided by a toll-free exit ramp directly onto the property, with a corresponding toll-free on-ramp at grade level. On-site infrastructure includes a concrete parking lot with capacity for 40 vehicles, including two designated handicap spaces, and a small detention pond. The asking price for this exceptional property is $1,300,000. This prime location and convenient access make this an ideal investment for developers and businesses seeking a high-profile presence in the thriving Houston market.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2016
Construction
WOOD FRAME
Total area
12,192 SF
Lot
3.58 ac (156,023 SF)
APN
1373480010001
UPID
US83-0588327
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Exxon Gas Station
-
ATM (ATM Link, Inc.) Atm
-
Krispy Krunchy Chicken Restaurant
-
Lake Donuts Bakery Discount Store
-
Fuel Maxx #24 Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Garrett Property INC
Garrett Property INC
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$970,000
Current use
OFFICE BUILDING
$850,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$21,560
Tax year 2022
Assessed value
$2,722,819
Assessed 2024
Previous assessed
$2,741,963
-0.7% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,103,963
Assessed improvement
$1,618,856
Land market value
$1,103,963
Improvement market value
$1,618,856
Total market value
$2,722,819
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
12,192 SF
Lot
3.58 ac (156,023 SF)
APN
1373480010001
UPID
US83-0588327
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$970,000
OFFICE BUILDING
Est. value
$850,000
MEDICAL BUILDING
Est. value
$780,000
SERVICE STATION (FULL SERVICE) Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
3.58 ac
Current owner
From public records · entity-resolved
Garrett Property INC
Entity
Mailing address
26830 KUYKENDAHL RD STE #300, TOMBALL, TX 77375-2464
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Garrett Property INC
—
Deed Of Trust
related
$2,976,000 · American First Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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