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

    12675 Veterans Memorial Dr Houston, TX 77014-2161

    • Retail space
    • 8,362 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2465373
    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

    • Variedades La Oriental #2 / Grocery & Convenience Store
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
    • DéLuxors Private Mansion Luxury Car Detailing / Car Wash
    • Evolutions / Fuel Supplier
    • Daiquiri Shack / Bar & Pub

    Property Details for 12675 Veterans Memorial Dr

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    1.51 lot acres
    Property size
    8,362 SF
    Property type
    Retail space
    APN
    1141260000001
    APU
    1141260000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $970,000
      Market price range: $327k - $971k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $615,000
      Current use
      COMMERCIAL (GENERAL)
      $1,355,000
      Change: +119% Conversion: Easy
      RESTAURANT
      $845,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $780,000
      Change: +27% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4871
    Latitude
    29.9723
    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
    $44,991
    $363,359
    $2,399,460
    $2,762,819
    -
    $363,359
    $2,399,460
    $2,762,819

    Comparable in this City

    • Value Estimation by Request
      4,657 SF

      12907 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,657 SF
      12907 Veterans Memorial Dr, Houston, TX 77014-2005
      View Details
    • Value Estimation by Request
      4,200 SF

      14530 Walters Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      14530 Walters Rd, Houston, TX 77014-1342
      View Details
    • Value Estimation by Request
      3,225 SF

      12927 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,225 SF
      12927 Veterans Memorial Dr, Houston, TX 77014-2008
      View Details
    • Value Estimation by Request
      3,664 SF

      12935 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,664 SF
      12935 Veterans Memorial Dr, Houston, TX 77014-2000
      View Details
    • Value Estimation by Request
      2,317 SF

      12303 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,317 SF
      12303 Veterans Memorial Dr, Houston, TX 77014-2301
      View Details
    • Value Estimation
      $900,000
      12,208 SF

      14002 Bammel N Houston Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,208 SF
      14002 Bammel N Houston Rd, Houston, TX 77014-1802
      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
      View Details
    • Contact for pricing
      2,191 SF

      Houston Investment Opportunity: NNN Lease

      Single tenant investment with a new 20-year absolute NNN lease.
      13835 Walters Rd, Houston, TX 77014
      View Details
    • Contact for pricing

      Prime Land in Houston

      3.867 acres with high traffic counts on Bammel North.
      Bammel North Houston Rd, Houston, TX 77014
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    • Contact for pricing

      Commercial Land For Sale

      1.08 acres of commercial land available for purchase.
      1960 At Welcome Ln, Houston, TX 77014
      View Details
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      8,713 SF

      Versatile Commercial Building Near FM 1960

      Adaptable 8,713 SF building suitable for offices or education.
      14423 Cornerstone Village Dr, Houston, TX 77014
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    • $3,253,692

      Land with Extensive Road Frontage

      Unrestricted land with significant frontage on multiple roads.
      14600 Ella Blvd, Houston, TX 77014
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Food Retail

      Retail suite suited for food retail in North Houston.
      12325 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      Upscale Shopping Center in Houston

      Newer construction shopping center in a fast-growing neighborhood.
      12755 Walters Rd, Houston, TX 77014
      View Details
    • Contact for pricing

      Retail Center on Veterans Memorial

      17,300 SF retail center at Veterans Memorial and Northcliffe.
      12403 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      Office Spaces Available for Rent

      Office spaces available, ranging from 1,704 to 15,281 SqFt.
      14340 Torrey Chase Blvd, Houston, TX 77014
      View Details
    • Contact for pricing

      2.35 Acre Parcel For Rent

      2.35-acre parcel suitable for truck parking, lay down yard.
      12651 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      Houston Industrial Property For Lease

      Expansive industrial property with flexible layout in a prime location.
      13315 Veterans Memorial Dr, Houston, TX 77014
      View Details
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    Houston, TX 77014-2161
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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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