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    Property profile & analytics

    1615 Spencer Hwy South Houston, TX 77587-3762

    • Strip malls
    • 67,967 SF
    • 2.49 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US82-2299360
    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

    • Melrose Family Fashions / Department Store

    Property Details for 1615 Spencer Hwy

    Year built
    1966
    Construction
    STEEL FRAME
    Lot size
    2.49 lot acres
    Property size
    67,967 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    341930000282
    APU
    341930000282

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2106
    Latitude
    29.6653
    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
    $64,272
    $1,625,730
    $3,324,351
    $4,950,081
    -
    $1,625,730
    $3,324,351
    $4,950,081

    Comparable in this City

    • Value Estimation by Request
      10,716 SF

      1111 Spencer Hwy

      SHOPPING CENTER, STRIP CENTER • 10,716 SF
      1111 Spencer Hwy, South Houston, TX 77587-3665
      View Details
    • Value Estimation by Request
      8,970 SF

      915 College Ave

      SHOPPING CENTER, STRIP CENTER • 8,970 SF
      915 College Ave, South Houston, TX 77587-4217
      View Details
    • Value Estimation
      $475,000
      11,686 SF

      3802 Shaver St

      SHOPPING CENTER, STRIP CENTER • 11,686 SF
      3802 Shaver St, South Houston, TX 77587-5206
      View Details
    • Value Estimation by Request
      22,437 SF

      1418 Spencer Hwy

      SHOPPING CENTER, STRIP CENTER • 22,437 SF
      1418 Spencer Hwy, South Houston, TX 77587-3865
      View Details
    • Value Estimation by Request
      45,659 SF

      1520 College Ave

      SHOPPING CENTER, STRIP CENTER • 45,659 SF
      1520 College Ave, South Houston, TX 77587-5408
      View Details
    • Value Estimation by Request
      13,680 SF

      1618 Spencer Hwy

      SHOPPING CENTER, STRIP CENTER • 13,680 SF
      1618 Spencer Hwy, South Houston, TX 77587-3744
      View Details

    Similar Nearby for Sale

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      Mixed-use property featuring a restaurant, commercial units, and rental units.
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      South Houston Industrial Warehouse For Sale

      10,000 SF insulated building with shop and office space.
      713 Nebraska St, South Houston, TX 77587
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    • $900,000
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      South Houston Industrial Warehouse

      Corner lot warehouse with office space near Hobby Airport.
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    • $140,000

      Unrestricted Land in South Houston

      Unrestricted land suitable for residential or commercial development.
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    Similar Nearby for Lease

    • $24 SF/Yr
      43,030 SF

      South Houston Retail Center

      Prime Retail Space Available, 5 Suites
      1520 College Ave, South Houston, TX 77587
      View Details
    • $8 SF/Yr
      29,492 SF

      Retail Space on Spencer Highway

      Retail property available for lease on Spencer Highway.
      1402-1404 Spencer Hwy S, South Houston, TX 77587
      View Details
    • Contact for pricing
      8,725 SF

      Office Space with Open Layout

      Partially built-out office space with open floor plan.
      801-805 Dumont St, South Houston, TX 77587
      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      2.3k
    • Avg Time on site
      36 min
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    1615 Spencer Hwy
    South Houston, TX 77587-3762
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    Realmo Value Estimation

    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.

    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.

    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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