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    1454 Lockwood Dr Houston, TX 77020
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    1454 Lockwood Dr Houston, TX 77020

    View on Map
    • Retail space
    • 7,080 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US83-0836370
    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
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut / Take-out & Catering
    • Lockwood Farmers Plaza / Shopping Center & Mall
    • Daiquiri Plug / Bar & Pub / Restaurant
    • Bank of America ATM / Atm

    Property Details for 1454 Lockwood Dr

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    7,080 SF
    Property type
    Retail space
    APN
    1366290010002
    APU
    1366290010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,078,000
      Market price range: $360k - $1.08M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $705,000
      Current use
      COMMERCIAL (GENERAL)
      $1,385,000
      Change: +96% Conversion: Easy
      AUTO REPAIR, GARAGE
      $995,000
      Change: +41% Conversion: Difficult
      RESTAURANT
      $925,000
      Change: +31% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $695,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3148
    Latitude
    29.7753
    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
    $31,240
    $483,420
    $1,147,268
    $1,630,688
    -
    $483,420
    $1,147,268
    $1,630,688

    Comparable in this City

    • Value Estimation
      $575,000
      5,750 SF

      6320 Lyons Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,750 SF
      6320 Lyons Ave, Houston, TX 77020-4915
      View Details
    • Value Estimation by Request
      1,728 SF

      7110 Lyons Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      7110 Lyons Ave, Houston, TX 77020-5361
      View Details
    • Value Estimation by Request
      1,218 SF

      1702 Lockwood Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,218 SF
      1702 Lockwood Dr, Houston, TX 77020-4706
      View Details
    • Value Estimation by Request
      1,687 SF

      5201 Lyons Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,687 SF
      5201 Lyons Ave, Houston, TX 77020-4655
      View Details
    • Value Estimation by Request
      3,136 SF

      4410 Lyons Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,136 SF
      4410 Lyons Ave, Houston, TX 77020
      View Details
    • Value Estimation by Request
      5,134 SF

      7034 Lyons Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,134 SF
      7034 Lyons Ave, Houston, TX 77020-5359
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,612 SF

      Retail Space in Houston

      Retail property in a high-traffic Houston location for sale.
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      6,630 SF

      Functional Church with Living Quarters

      Unique property in Fifth Ward with adaptive re-use potential.
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      7,550 SF

      Lockwood Commercial Property For Sale

      7,550 SF commercial property available in Houston, Texas.
      2133 Lockwood Rd, Houston, TX 77020
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    • $69,000

      Two Adjacent Lots in Houston

      Two adjacent unimproved lots with building potential in rapidly rising neighborhood.
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      Development Ready Lot Near Downtown

      6,000 SF lot near Downtown Houston ready for development.
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      Fenced, cleared lot ready for building near major developments.
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    Similar Nearby for Lease

    • Contact for pricing
      15,400 SF

      Retail Building For Lease

      Multi-tenant retail building available for lease near San Jacinto College.
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    • Contact for pricing
      22,488 SF

      Retail Space in Houston

      Retail property available for lease in Houston, Texas.
      5800 Lyons Ave, Houston, TX 77020
      View Details
    • Contact for pricing

      Lyons Avenue Retail Space Available

      Retail space for lease in Houston's Greater 5th Ward.
      5800-5828 Lyons Ave, Houston, TX 77020
      View Details
    • Contact for pricing
      41,860 SF

      Prime Land with Freeway Frontage

      Land for lease with freeway frontage near Tidwell.
      Eastex Fwy, Houston, TX 77020
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      Spacious Warehouse with Extensive Features

      258,450 SF warehouse with office, high ceilings, and ample parking.
      1211 Kress St, Houston, TX 77020
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    • Contact for pricing
      30,240 SF

      Office Space Available for Lease

      30,240 SF office space with highway access.
      7010 Zoltowski St, Houston, TX 77020
      View Details
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    1454 Lockwood Dr
    Houston, TX 77020
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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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