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

    15703 Longenbaugh Dr Houston, TX 77095-1605

    • Strip malls
    • 13,404 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4639874
    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

    • Clarence H. Sanders Jr. DDS PC / Dentist / Cosmetic Dentist
    • Furrever Love Pet Grooming / Pet Groomer
    • Longenbaugh Veterinary Hospital / Animal Hospital / Veterinarian
    • M & M Food Market / Grocery Store
    • The Barkery Market / Pet Supply Store

    Property Details for 15703 Longenbaugh Dr

    Year built
    1983
    Construction
    BRICK
    Lot size
    2.25 lot acres
    Property size
    13,404 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1144330150030
    APU
    1144330150030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $422,000
      Market price range: $264k - $422k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $330,000
      Current use
      COMMERCIAL (GENERAL)
      $510,000
      Change: +55% Conversion: Easy
      RETAIL STORES
      $460,000
      Change: +40% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6424
    Latitude
    29.891
    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
    $20,845
    $2,156,220
    $993,573
    $3,149,793
    -
    $2,156,220
    $993,573
    $3,149,793

    Comparable in this City

    • Value Estimation
      $410,000
      19,144 SF

      17310 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER • 19,144 SF
      17310 Fm 529th Rd, Houston, TX 77095-1169
      View Details
    • Value Estimation
      $100,000
      57,860 SF

      17255 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER • 57,860 SF
      17255 Fm 529th Rd, Houston, TX 77095-1105
      View Details
    • Value Estimation
      $595,000
      26,130 SF

      7510 Cherry Park Dr

      SHOPPING CENTER, STRIP CENTER • 26,130 SF
      7510 Cherry Park Dr, Houston, TX 77095-3381
      View Details
    • Value Estimation
      $400,000
      11,420 SF

      17335 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER • 11,420 SF
      17335 Fm 529th Rd, Houston, TX 77095-1170
      View Details
    • Value Estimation
      $435,000
      12,489 SF

      17619 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER • 12,489 SF
      17619 Fm 529th Rd, Houston, TX 77095-1003
      View Details
    • Value Estimation
      $530,000
      19,887 SF

      15754 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER • 19,887 SF
      15754 Fm 529th Rd, Houston, TX 77095-2572
      View Details

    Similar Nearby for Sale

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      5,742 SF

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      Retail property in Houston, Texas, featuring childcare and exercise facilities.
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      FM 529 Land Opportunity

      Land in Houston, TX with multi-use potential.
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      1.22 Acres

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    • $1,212,750
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      Jackrabbit Road Industrial Park

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      1,440 SF

      Copperfield Office Condos for Sale

      Modern Office Condos in Houston, TX
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      View Details
    • $1,361,250
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      New Office/Warehouse Buildings For Sale

      Four freestanding office/warehouse buildings under construction near Highway 6.
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    Similar Nearby for Lease

    • Contact for pricing
      69,159 SF

      Easton Commons Plaza Retail Center

      Kroger-anchored retail center; 69,159 SF available.
      8470 State Highway 6, Houston, TX 77095
      View Details
    • $26 SF/Yr
      19,184 SF

      Eagles Landing Retail Space

      Prime Huffmeister Retail Opportunity
      9522 Huffmeister Rd, Houston, TX 77095
      View Details
    • $25 SF/Yr
      21,165 SF

      Stonegate Shopping Center: Cypress, TX

      Thriving Retail Center, Fully Leased
      11808 Barker Cypress Rd, Cypress, TX 77095
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
      18037 Fm 529 Rd, Houston, TX 77095
      View Details
    • $22 SF/Yr
      900 SF

      Retail Space on Highway 6

      Retail spaces available for lease with high visibility.
      8604-8686 Highway 6 N, Houston, TX 77095
      View Details
    • $18 SF/Yr
      1,125 SF

      Retail Space For Rent

      Retail space available for lease in Houston, Texas.
      9210-9220 Highway 6 S, Houston, TX 77095
      View Details
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    Houston, TX 77095-1605
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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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