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    Property profile & analytics

    12611 Wood Forest Blvd Houston, TX 77015

    • Retail space
    • 23,487 SF
    • 1.49 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3729648
    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

    • Dawn Pharmacy / Pharmacy
    • Phase 3 Services LLC / Factory / Production Facility
    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
    • Wings N Go / Restaurant
    • Camila’s Boutique / Clothing & Fashion Store

    Property Details for 12611 Wood Forest Blvd

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    1.49 lot acres
    Property size
    23,487 SF
    Property type
    Retail space
    APN
    1149370030001
    APU
    1149370030001

    Description

    Coronado Village Shopping Center, located at 12611 Woodforest Blvd, Houston, TX 77015, offers exceptional retail and restaurant opportunities in a thriving Harris County neighborhood. This well-established shopping center boasts a total of 21,000 square feet, currently featuring a diverse mix of tenants. Five thousand seven hundred and fifty square feet of space is immediately available, divisible into units ranging from a minimum of 750 square feet to a maximum contiguous space of 1,950 square feet. The center benefits from high visibility due to its 522 feet of frontage along Normandy Street, ensuring easy customer access. The property is ideally suited for businesses seeking a strong presence in a grocery-anchored center with consistent foot traffic. No elevators are present in the building. This is a multi-tenant property offering a synergistic environment for long-term business success. The property is strategically positioned to capitalize on the daily needs of the surrounding community. This presents a unique chance to establish or expand your business in a vibrant and established retail hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,123,000
      Market price range: $908k - $2.65M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,695,000
      Current use
      AUTO REPAIR, GARAGE
      $2,750,000
      Change: +62% Conversion: Difficult
      RESTAURANT
      $2,220,000
      Change: +31% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,110,000
      Change: +24% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,520,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2016
    Latitude
    29.7918
    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
    $26,264
    $646,272
    $2,803,728
    $3,450,000
    -
    $646,272
    $2,803,728
    $3,450,000

    Comparable in this City

    • Value Estimation
      $1,120,000
      9,088 SF

      13630 Ee Fwy

      RETAIL STORES (PERSONAL SERVICES) • 9,088 SF
      13630 Ee Fwy, Houston, TX 77015-5913
      View Details
    • Value Estimation by Request
      2,980 SF

      13837 Longview St

      RETAIL STORES (PERSONAL SERVICES) • 2,980 SF
      13837 Longview St, Houston, TX 77015-3943
      View Details
    • Value Estimation by Request
      6,390 SF

      760 Normandy St

      RETAIL STORES (PERSONAL SERVICES) • 6,390 SF
      760 Normandy St, Houston, TX 77015-3567
      View Details
    • Value Estimation by Request
      2,696 SF

      12443 Market St Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,696 SF
      12443 Market St Rd, Houston, TX 77015-6009
      View Details
    • Value Estimation by Request
      3,608 SF

      12780 Market St Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,608 SF
      12780 Market St Rd, Houston, TX 77015-6035
      View Details
    • Value Estimation by Request
      3,134 SF

      920 Uvalde Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,134 SF
      920 Uvalde Rd, Houston, TX 77015-3736
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      13,500 SF

      Woodforest Blvd Retail Space

      Houston Coworking & Retail Suites Available
      13415 Wood Forest Blvd, Houston, TX 77015
      View Details
    • $18 SF/Yr
      21,000 SF

      Coronado Village Shopping Center

      Houston Retail Space: Prime Location
      12611 Wood Forest Blvd, Houston, TX 77015
      View Details
    • Contact for pricing
      5,120 SF

      Houston Retail Space For Lease

      Prime Houston retail space, high traffic location.
      14650 Wood Forest Blvd, Houston, TX 77015
      View Details
    • Contact for pricing
      129,029 SF

      East Houston Shopping Center Space

      Retail space available in East Houston near major retailers.
      13502-13560 East Fwy, Houston, TX 77015
      View Details
    • $22 SF/Yr
      4,100 SF

      Houston Retail Space Available

      Prime Houston retail space, 1400-2700 sq ft.
      12620 Wood Forest Blvd, Houston, TX 77015
      View Details
    • Contact for pricing
      353,375 SF

      Houston Industrial Distribution Space

      New 353,375 SF Distribution Center
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      View Details
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    Houston, TX 77015
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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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