Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12620 Woodforest Blvd Houston, TX 77015-3489

    • Strip malls
    • 16,664 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5292167
    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

    • Jeffrey Tang / Dentist
    • Woodforest Eye Care / Eye Care Center / Optometrist
    • KrogerHouston0331 / Electronics Vending Machine
    • East Side Liquor & Wine / Liquor Store
    • Dr. Mary Salameh / Dentist

    Property Details for 12620 Woodforest Blvd

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    1.18 lot acres
    Property size
    16,664 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1149370040006
    APU
    1149370040006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $655,000
      Market price range: $298k - $655k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $525,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2002
    Latitude
    29.7909
    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
    $23,452
    $411,312
    $2,744,493
    $3,155,805
    -
    $411,312
    $2,744,493
    $3,155,805

    Comparable in this City

    • Value Estimation by Request
      12,060 SF

      822 Freeport St

      SHOPPING CENTER, STRIP CENTER • 12,060 SF
      822 Freeport St, Houston, TX 77015-4670
      View Details
    • Value Estimation by Request
      8,800 SF

      13378 Woodforest Blvd

      SHOPPING CENTER, STRIP CENTER • 8,800 SF
      13378 Woodforest Blvd, Houston, TX 77015-2826
      View Details
    • Value Estimation by Request
      6,250 SF

      448 Uvalde Rd

      SHOPPING CENTER, STRIP CENTER • 6,250 SF
      448 Uvalde Rd, Houston, TX 77015
      View Details
    • Value Estimation by Request
      9,650 SF

      432 Uvalde Rd

      SHOPPING CENTER, STRIP CENTER • 9,650 SF
      432 Uvalde Rd, Houston, TX 77015-3718
      View Details
    • Value Estimation by Request
      17,160 SF

      13030 Woodforest Blvd

      SHOPPING CENTER, STRIP CENTER • 17,160 SF
      13030 Woodforest Blvd, Houston, TX 77015-2799
      View Details
    • Value Estimation by Request
      5,500 SF

      626 Freeport St

      SHOPPING CENTER, STRIP CENTER • 5,500 SF
      626 Freeport St, Houston, TX 77015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29,597 SF

      Northeast Square Shopping Center

      Houston Retail Center: Redevelopment Opportunity
      10 Uvalde Rd, Houston, TX 77015
      View Details
    • Contact for pricing

      O'Reilly Auto Parts Investment Property

      Corporate-backed, long-term net lease with rental increases in Houston, TX.
      1204 Federal Rd, Houston, TX 77015
      View Details
    • $629,442
      5.78 Acres

      Houston Commercial Land - 5.78 Acres

      Prime Houston industrial/commercial land. Unrestricted use. Excellent access to major highways.
      909 Lear St, Houston, TX 77015
      View Details
    • $239,900

      East Houston Multi-Unit Property

      Four-unit property in East Houston with renovation potential.
      14500 Corpus Christi St, Houston, TX 77015
      View Details
    • $184,999

      Multi-Family Duplex Investment Opportunity

      Duplex with two units near Jacinto City and Channelview.
      14622 Kenny St, Houston, TX 77015
      View Details
    • $599,000

      3.4-Acre Lot in East Downtown

      Cleared, stabilized, and fenced land ideal for development.
      12110 Market Street Rd, Houston, TX 77015
      View Details

    Similar Nearby for Lease

    • $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
      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
    • $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
      13,500 SF

      Woodforest Blvd Retail Space

      Houston Coworking & Retail Suites Available
      13415 Wood Forest Blvd, Houston, TX 77015
      View Details
    • Contact for pricing
      353,375 SF

      Houston Industrial Distribution Space

      New 353,375 SF Distribution Center
      8 Jacintoport Blvd, Houston, TX 77015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12620 Woodforest Blvd
    Houston, TX 77015-3489
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.