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

    1502 Sawyer St Houston, TX 77007-4436

    • Community centers
    • 71,942 SF
    • 3.21 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0764865
    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

    • Texas Electricity Ratings / Electric Utility Company / Energy Supplier
    • Simplify Solar / Green Energy Supplier / Solar Energy Company
    • Alloy / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Bravo Suit and Tux / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Candis Smith Art / Artist

    Property Details for 1502 Sawyer St

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    3.21 lot acres
    Property size
    71,942 SF
    Property type
    Community centers
    APN
    1365260010001
    APU
    1365260010001

    Description

    This exceptional Houston, Texas property, The Silos at Sawyer Yards, offers 2,572 square feet of vibrant, creative office space currently available for lease. Located at 1502 Sawyer St, Houston, TX 77007, this multi-tenant building provides flexible options for businesses seeking unique and inspiring work environments. Six individual spaces are available, ranging in size from a minimum of 458 square feet to a maximum contiguous space of 1,040 square feet. The entire 2,572 square feet is currently vacant and ready for immediate occupancy. The property's "Creative Office" and "Commercial" subtypes cater to a diverse range of businesses, from startups to established companies. Its prime location in Houston offers easy access to major transportation routes and a thriving urban environment. The building's design and layout are ideal for businesses that value a modern, collaborative atmosphere. This is a rare opportunity to secure high-quality, adaptable space in a sought-after Houston location. Contact us today to schedule a viewing and explore the possibilities of establishing your business within this dynamic Sawyer Yards complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $824,000
      Market price range: $696k - $2.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3815
    Latitude
    29.7718
    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
    $230,864
    $10,497,525
    $1,131,978
    $11,629,503
    -
    $10,497,525
    $1,131,978
    $11,629,503

    Comparable in this City

    • Value Estimation
      $705,000
      86,260 SF

      1907 Sabine St

      MINI-MALL • 86,260 SF
      1907 Sabine St, Houston, TX 77007-4067
      View Details
    • Value Estimation
      $1,330,000
      58,605 SF

      200 Shepherd Dr

      MINI-MALL • 58,605 SF
      200 Shepherd Dr, Houston, TX 77007
      View Details
    • Value Estimation
      $1,595,000
      137,320 SF

      195 Yale St

      MINI-MALL • 137,320 SF
      195 Yale St, Houston, TX 77007-3746
      View Details
    • Value Estimation
      $1,345,000
      51,235 SF

      300 Shepherd Dr

      MINI-MALL • 51,235 SF
      300 Shepherd Dr, Houston, TX 77007-7423
      View Details
    • Value Estimation
      $595,000
      38,640 SF

      2102 Edwards St Sta, Unit A

      MINI-MALL • 38,640 SF
      2102 Edwards St Sta, Houston, TX 77007-4769
      View Details
    • Value Estimation
      $1,025,000
      77,889 SF

      2205 Edwards St

      MINI-MALL • 77,889 SF
      2205 Edwards St, Houston, TX 77007
      View Details

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      Prime Houston Heights Commercial Property

      1,820 SF property on 13,200 SF lot in Houston Heights.
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      Multi-Unit Property Near Downtown

      Multi-unit property near downtown Houston with month-to-month leases.
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    Similar Nearby for Lease

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      Houston Heights Retail Space Available

      Retail and restaurant spaces for lease in desirable Houston Heights.
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      Retail Space on Memorial Drive

      Second generation retail space in a high-traffic location.
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      Houston Retail Space For Lease

      Retail property in Houston's Lower Heights District, built in 2019.
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      Retail Space Near Memorial Park

      Retail space near Memorial Park, suitable for retail or office.
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    • $42 SF/Yr
      2,115 SF

      Restaurant Space in Prime Location

      Turn-key restaurant space available for lease in a high-traffic area.
      700 Durham Dr, Houston, TX 77007
      View Details
    • Contact for pricing
      3,683 SF

      Houston Medical Office Space for Lease

      Prime Medical Office Suites Available in Houston
      4500 Washington Ave, Houston, TX 77007
      View Details
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    Houston, TX 77007-4436
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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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