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

    1398 Gulf Bank Rd Houston, TX 77088-3653

    • Strip malls
    • 5,248 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3742621
    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

    • Pacheco Beauty Salon & Barber Shop / Hair Salon / Nail Salon
    • Word Of Promise Fellowship Church / Church
    • JJJ Tire Shop / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • MBC Los Vaqueros Tires Service / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Tacos Hernandez (Food Truck) / Restaurant

    Property Details for 1398 Gulf Bank Rd

    Year built
    1980
    Construction
    WOOD FRAME
    Lot size
    1.30 lot acres
    Property size
    5,248 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1025360001056
    APU
    1025360001056

    Description

    This exceptional retail property, located at 1398 W Gulf Bank Rd, Houston, TX 77088, offers 6,156 square feet of space in a Class C building. Currently, 4,280 square feet is available for lease, representing a significant opportunity for a single tenant seeking a substantial footprint. The property is zoned for retail use and situated in the North West Houston submarket of Harris County, benefiting from high visibility and convenient access to major thoroughfares via Cross Streets Hidden Valley & Veterans Memorial Drive. The building features ample parking, catering to both customers and employees. Its location provides proximity to various restaurants, bars, and shopping centers, ensuring high foot traffic and a strong customer base. The minimum divisible space is 4,280 square feet, ideal for businesses requiring a large, functional space. This property presents a compelling investment opportunity for businesses seeking a prominent location within a thriving commercial area. The property is a single building, offering a cohesive and easily managed space. This is a second-generation retail space, providing a ready-to-occupy environment. The property's strategic location and substantial square footage make it an attractive option for a variety of retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4212
    Latitude
    29.889
    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
    $10,276
    $679,536
    $95,464
    $775,000
    -
    $679,536
    $95,464
    $775,000

    Comparable in this City

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    • Value Estimation
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      26,312 SF

      8795 Antoine Dr

      SHOPPING CENTER, STRIP CENTER • 26,312 SF
      8795 Antoine Dr, Houston, TX 77088-2518
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    • Value Estimation
      $1,250,000
      81,754 SF

      7320 Antoine Dr

      SHOPPING CENTER, STRIP CENTER • 81,754 SF
      7320 Antoine Dr, Houston, TX 77088-7230
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    • Value Estimation by Request
      7,097 SF

      6056 Victory Dr

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      6056 Victory Dr, Houston, TX 77088-6600
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      $535,000
      21,780 SF

      9903 Houston Rosslyn Rd

      SHOPPING CENTER, STRIP CENTER • 21,780 SF
      9903 Houston Rosslyn Rd, Houston, TX 77088-2133
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    • Value Estimation by Request
      21,199 SF

      7355 Alabonson Rd

      SHOPPING CENTER, STRIP CENTER • 21,199 SF
      7355 Alabonson Rd, Houston, TX 77088-5304
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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      Retail Space in High-Traffic Area

      Retail space with high visibility and ample parking.
      8102 Antoine Dr, Houston, TX 77088
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      Prime Retail Center, Multiple Units, Harris County
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      Energy Star Townhome Available Now

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    1398 Gulf Bank Rd
    Houston, TX 77088-3653
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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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