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

    1501 18th St Houston, TX 77008-1533

    • Strip malls
    • 11,089 SF
    • 4.87 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3870701
    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

    • The Little Gym of Houston Heights / Gymnastics Club / Summer Camp
    • Luxury House Of English Bullies / Pet Store / Dog Breeder
    • Levanta Interactive / Website Designer
    • Sunstrom Law / Patent Attorney / Attorney

    Property Details for 1501 18th St

    Year built
    1969
    Construction
    STEEL FRAME
    Lot size
    4.87 lot acres
    Property size
    11,089 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1402700010001
    APU
    1402700010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4282
    Latitude
    29.8023
    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
    $242,723
    $3,818,700
    $9,201,354
    $13,020,054
    -
    $3,818,700
    $9,201,354
    $13,020,054

    Comparable in this City

    • Value Estimation
      $315,000
      5,600 SF

      2505 11th St

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      2505 11th St, Houston, TX 77008-6204
      View Details
    • Value Estimation
      $370,000
      19,828 SF

      2032 T C Jester Blvd

      SHOPPING CENTER, STRIP CENTER • 19,828 SF
      2032 T C Jester Blvd, Houston, TX 77008-1527
      View Details
    • Value Estimation
      $1,165,000
      30,456 SF

      1324 Shepherd Dr

      SHOPPING CENTER, STRIP CENTER • 30,456 SF
      1324 Shepherd Dr, Houston, TX 77008-3096
      View Details
    • Value Estimation
      $575,000
      9,523 SF

      2522 Yale St

      SHOPPING CENTER, STRIP CENTER • 9,523 SF
      2522 Yale St, Houston, TX 77008-2149
      View Details
    • Value Estimation
      $715,000
      10,077 SF

      1050 Yale St

      SHOPPING CENTER, STRIP CENTER • 10,077 SF
      1050 Yale St, Houston, TX 77008-6922
      View Details
    • Value Estimation
      $330,000
      5,040 SF

      617 19th St

      SHOPPING CENTER, STRIP CENTER • 5,040 SF
      617 19th St, Houston, TX 77008-3613
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,895 SF

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      Houston Heights Retail Investment Opportunity

      Retail investment opportunity in the Houston Heights area of Houston.
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      Heights Medical/Retail Opportunity

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      Houston Land with Vacant Bank

      3.5 acre Houston property with vacant 31,656 SF building.
      1421 North Loop W, Houston, TX 77008
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    • $2,700,000
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      Heights Retail Development Site

      Prime Houston location, 16,625 SF lot.
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      227,819 SF

      Heights Mixed-Use Development Site

      5.23 Acres, Prime Houston Location
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      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      24,476 SF

      Heights Forum Retail Space

      Prime Heights location, 2,189 sq ft available
      1324 Shepherd Dr, Houston, TX 77008
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    • Contact for pricing
      71,277 SF

      Heights Plaza Retail Center

      Houston Heights Shopping Center, 2 Suites Available
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    • $43 SF/Yr
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      Houston Retail Space for Lease

      Prime Houston retail space available now.
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    • Contact for pricing
      19,144 SF

      Houston Heights Retail Space

      Prime Houston retail, 3,084 sq ft available
      238 19Th St, Houston, TX 77008
      View Details
    • Contact for pricing
      10,000 SF

      Heights Retail Opportunity

      Prime Houston location, 10,000 sqft.
      1607 Shepherd Dr, Houston, TX 77008
      View Details
    • $18 SF/Yr
      39,677 SF

      Heights Area Retail Space for Lease

      Two buildings, flexible space, prime location.
      1955 T C Jester Blvd, Houston, TX 77008
      View Details
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    1501 18th St
    Houston, TX 77008-1533
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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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