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

    12669 Veterans Memorial Dr Houston, TX 77014-2103

    • Grocery and convenience stores
    • 3,826 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4180507
    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

    • Quik Shop Gas Stop Citgo / Gas Station
    • Barri Agent / Money Transfer Service / Check Cashing Service
    • ATM (ATM Link, Inc.) / Atm
    • Taqueria Francely / Taco Restaurant
    • VM Quick Mart / Convenience Store

    Property Details for 12669 Veterans Memorial Dr

    Year built
    1979
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property size
    3,826 SF
    Property type
    Grocery and convenience stores
    APN
    1141260000005
    APU
    1141260000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $198,000
      Market price range: $199k - $404k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $305,000
      Current use
      AUTO REPAIR, GARAGE
      $355,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $280,000
      Change: -7% Conversion: Difficult
      MEDICAL BUILDING
      $245,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4865
    Latitude
    29.9715
    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
    $8,141
    $137,214
    $346,807
    $484,021
    -
    $137,214
    $346,807
    $484,021

    Comparable in this City

    • Value Estimation
      $260,000
      4,140 SF

      14121 Ella Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,140 SF
      14121 Ella Blvd, Houston, TX 77014-2901
      View Details
    • Value Estimation
      $405,000
      6,790 SF

      13650 Walters Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 6,790 SF
      13650 Walters Rd, Houston, TX 77014-2928
      View Details
    • Value Estimation
      $710,000
      57,753 SF

      13127 Veterans Memorial Dr

      GROCERY, SUPERMARKET • 57,753 SF
      13127 Veterans Memorial Dr, Houston, TX 77014-1903
      View Details
    • Value Estimation
      $300,000
      4,818 SF

      13611 Ella Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,818 SF
      13611 Ella Blvd, Houston, TX 77014-3312
      View Details
    • Value Estimation
      $410,000
      11,802 SF

      14222 Bammel N Houston Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 11,802 SF
      14222 Bammel N Houston Rd, Houston, TX 77014
      View Details
    • Value Estimation
      $470,000
      4,900 SF

      14451 Bammel N Houston Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,900 SF
      14451 Bammel N Houston Rd, Houston, TX 77014-1703
      View Details

    Similar Nearby for Sale

    • $2,096,785
      9,472 SF

      Retail Property with National Tenants

      Retail property 100% occupied by Advance Auto and Title Max.
      12296 Veterans Memorial Dr, Houston, TX 77014
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      FM 1960 Retail Land Opportunity

      Houston, TX: 1.08-acre commercial lot.
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      Prime Houston development site, high traffic counts.
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      Prime Development Land, Houston, TX
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    • $70,000
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      Houston Office Condo - Great Investment

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      4.57 Acres

      Houston Commercial Land - 4.57 Acres

      Prime Houston acreage, ideal for development.
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    Similar Nearby for Lease

    • $16 SF/Yr
      17,300 SF

      Liberty Corner Retail Space

      Prime Houston storefront, 2,000 sq ft available.
      12403 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing
      24,812 SF

      FM 1960 West Retail Center

      High-traffic retail space, ample parking
      2470 Farm To Market 1960 Rd, Houston, TX 77014
      View Details
    • Contact for pricing
      89,281 SF

      Houston Retail Strip Center - Prime Location

      High-traffic retail space, ample parking, excellent access.
      2324 Farm To Market 1960 Rd, Houston, TX 77014
      View Details
    • $10 SF/Yr
      124,205 SF

      Northchase Plaza Executive Offices

      Houston Office Space, Multiple Suites Available
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      View Details
    • $12 SF/Yr
      26,838 SF

      Executive Suites, Houston, TX

      Prestigious Office Space Available Now
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      View Details
    • Contact for pricing
      7,515 SF

      Northwest Houston Office Building

      Second-generation office building available for sale or lease in Houston.
      14350 Sylvanfield Dr, Houston, TX 77014
      View Details
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    Houston, TX 77014-2103
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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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