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    12814 Hempstead Rd Houston, TX 77092-4516
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    Property profile & analytics

    12814 Hempstead Rd, Houston, TX 77092-4516

    View on Map
    • Grocery and convenience stores
    • 16,340 SF
    • 1.44 lot acres
    Off-Market
    Property ID
    US82-5459726
    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.
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Ahorro Supermarket #2 / Specialty Food Shop / Supermarket
    • ArmsOfHope Drop Box Only / Charitable Organization
    • Advance Auto Parts / Auto Parts Store
    • Western Union / Bank / Credit Union
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 12814 Hempstead Rd

    Year built
    1965
    Construction
    CONCRETE BLOCKS
    Lot size
    1.44 lot acres
    Property type
    Grocery and convenience stores
    APN
    1277570010001
    APU
    1277570010001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 11, 2019 — Megacenter Pineway De LLC Megacenter Pineway LLC Quitclaim Deed · related $16.5M · Ubs Ag
    Oct 1, 2018 — Hempstead Clay 43rd LLC Navigation / York Interests LP Grant Deed · related —
    Feb 26, 2010 — Hempstead Of W 43rd Street Intere Navigation Of York Interests LP Grant Deed $750k · International Bank Of Commerce
    — — Hempstead Of W 43rd Street Intere — Deed Of Trust · related $600k · Community Bk/tx

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $678,000
      Market price range: $679k - $1.61M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5047
    Latitude
    29.8343
    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
    $12,426
    $501,832
    $597,766
    $1,099,598
    -
    $501,832
    $597,766
    $1,099,598

    Comparable in this City

    • Value Estimation
      $630,000
      9,816 SF

      6421 Bingle Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      6421 Bingle Rd, Houston, TX 77092-1323
      View Details
    • Value Estimation by Request
      4,990 SF

      6100 Pinemont Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      6100 Pinemont Dr, Houston, TX 77092-3202
      View Details
    • Value Estimation
      $665,000
      8,083 SF

      6953 Tidwell Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      6953 Tidwell Rd, Houston, TX 77092
      View Details
    • Value Estimation by Request
      1,960 SF

      5805 Pinemont Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      5805 Pinemont Dr, Houston, TX 77092-2603
      View Details
    • Value Estimation
      $560,000
      5,272 SF

      2880 Mangum Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      2880 Mangum Rd, Houston, TX 77092-7406
      View Details
    • Value Estimation by Request
      4,470 SF

      4401 18th St

      CONVENIENCE STORE (W/FUEL PUMP)
      4401 18th St, Houston, TX 77092-8502
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,296 SF

      Northwest Freeway Showroom/Retail Space

      Freeway visibility, easy access, showroom/office space with mezzanine.
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    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase.
      10000 Freeway NW, Houston, TX 77092
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      4,870 SF

      Retail Space For Sale

      Retail space available for purchase, featuring an 8.00% CAP.
      6625 Pinemont Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Retail Space Available

      Retail property for sale in Houston, Texas.
      2009 Mangum Rd, Houston, TX 77092
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Retail/Service Suite Available

      Compact suite with excellent access and neighborhood traffic.
      4622 Dacoma St, Houston, TX 77092
      View Details
    • Contact for pricing

      Grocery-Anchored Center Pad Site Available

      Freeway infill location with regional neighborhood positioning.
      5264 W 34Th St, Houston, TX 77092
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      2,500 SF

      Retail Space with Pylon Signage

      High-traffic retail space with excellent access and pylon signage.
      12700 Northwest Fwy, Houston, TX 77092
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    • Contact for pricing
      2,836 SF

      Equipped Restaurant Space For Lease

      Second generation restaurant space in Houston's Greater Heights/Oak Forest area.
      3327 Mangum Rd, Houston, TX 77092
      View Details
    • Contact for pricing
      3,720 SF

      Retail Center on Antoine Drive

      Retail center with pylon signage and high traffic volume.
      3050 Antoine Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Retail Center on Antoine Drive

      11,352 SF retail center in Spring Branch area.
      3050 Antoine Dr, Houston, TX 77092
      View Details
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    Houston, TX 77092-4516
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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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