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    Property profile & analytics

    1241 Fm 1462nd Rd Alvin, TX 77511-4055

    • Retail space
    • 11,776 SF
    • 1.84 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2021
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8642383
    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

    • PetSmart / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • PetSmart Dog Training / Animal Training
    • PetSmart Grooming / Pet Grooming Service

    Property Details for 1241 Fm 1462nd Rd

    Year built
    2012
    Lot size
    1.84 lot acres
    Property size
    11,776 SF
    Property type
    Retail space
    APN
    0423-0010-001
    APU
    4230010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,660,000
      6.5%
      $2,455,000
      7%
      $2,280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,016,000
      Market price range: $569k - $2.02M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,355,000
      Current use
      COMMERCIAL (GENERAL)
      $2,565,000
      Change: +89% Conversion: Easy
      RESTAURANT
      $1,555,000
      Change: +15% Conversion: Easy
      OFFICE BUILDING
      $1,535,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,395,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2478
    Latitude
    29.4001
    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
    2018
    $0.00
    $683,260
    $3,460,520
    $4,143,780
    -
    $683,260
    $3,460,520
    $4,143,780

    Comparable in this City

    • Value Estimation by Request
      864 SF

      23220 Hwy 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      23220 Hwy 6th 6, Alvin, TX 77511-9677
      View Details
    • Value Estimation
      $925,000
      7,122 SF

      2630 Hwy 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 7,122 SF
      2630 Hwy 6th 6, Alvin, TX 77511-9321
      View Details
    • Value Estimation
      $845,000
      6,810 SF

      102 Sealy St

      RETAIL STORES (PERSONAL SERVICES) • 6,810 SF
      102 Sealy St, Alvin, TX 77511-2339
      View Details
    • Value Estimation by Request
      2,993 SF

      406 Gordon St

      RETAIL STORES (PERSONAL SERVICES) • 2,993 SF
      406 Gordon St, Alvin, TX 77511-2432
      View Details
    • Value Estimation by Request
      2,128 SF

      516 Gordon St

      RETAIL STORES (PERSONAL SERVICES) • 2,128 SF
      516 Gordon St, Alvin, TX 77511-2839
      View Details
    • Value Estimation by Request
      2,016 SF

      603 Gordon St

      RETAIL STORES (PERSONAL SERVICES) • 2,016 SF
      603 Gordon St, Alvin, TX 77511-5611
      View Details

    Similar Nearby for Sale

    • $1,300,000
      5,550 SF

      Fully Leased Alvin Retail Center

      5,550 SF retail center with established tenants in Alvin.
      1516 S Gordon St, Alvin, TX 77511
      View Details
    • $1,050,000

      Commercial Property on Highway 6

      3.2 acres on Highway 6 near major retailers.
      3610 Highway 6 E, Alvin, TX 77511
      View Details
    • Contact for pricing
      10,000 SF

      Established Gun Range & Retail

      Profitable gun range and retail business for sale.
      1204 Fm 1462 Rd, Alvin, TX 77511
      View Details
    • Contact for pricing
      5,824 SF

      Newer Mixed-Use Building with Restaurant

      Built in 2020, includes furnished cafe/restaurant.
      824 E Adoue St, Alvin, TX 77511
      View Details
    • Contact for pricing

      Mixed-Use Property on Corner Lot

      Versatile mixed-use property with residence, workshop, and open concept building.
      2900 Highway 6 W, Alvin, TX 77511
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Gun Range & Retail

      Turnkey gun range and retail business in 10,000 sqft facility.
      1204-1232 Fm 1462 Rd, Alvin, TX 77511
      View Details
    • Contact for pricing

      Alvin Retail/Office Opportunity

      1,750 SF brick building on a 6,250 SF corner lot.
      104 S Hood St, Alvin, TX 77511
      View Details
    • $0.36 SF/Yr

      Prime Commercial Land For Lease

      1.432-acre commercial lot in Alvin's growing corridor for lease.
      9630 Fm 1462 Rd, Alvin, TX 77511
      View Details
    • Contact for pricing

      Retail Space in Corner Center

      Retail space available in established shopping center near Alvin College.
      406 Verhalen Rd, Alvin, TX 77511
      View Details
    • $1,100 /Mo
      1,125 SF

      Retail Space in Alvin, TX

      1,125 SF retail space in busy Alvin shopping center.
      406 Verhalen Rd, Alvin, TX 77511
      View Details
    • $7,250 /Mo

      Versatile Flex Space in Alvin

      Flex property suitable for industrial, storage, retail, and office uses.
      1618 Callaway Dr, Alvin, TX 77511
      View Details
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    Alvin, TX 77511-4055
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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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