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    Property profile & analytics

    16203 Westheimer Rd Houston, TX 77082-1246

    • Strip malls
    • 20,178 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4694992
    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

    • Westwood auto sales / Car Dealership
    • Wazobia Kitchen / Restaurant
    • Wazobia Market / Grocery & Convenience Store / Food Market
    • Smoke N Stuff - Vapes / (Bike/Boat/Book/etc) Store
    • Texcar Auto Body Shop / Auto Repair Shop

    Property Details for 16203 Westheimer Rd

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    1.57 lot acres
    Property size
    20,178 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1227990010033
    APU
    1227990010033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $513,000
      Market price range: $421k - $773k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $620,000
      Current use
      RETAIL STORES
      $640,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6708
    Latitude
    29.7198
    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
    $14,213
    $204,696
    $1,752,708
    $1,957,404
    -
    $204,696
    $1,752,708
    $1,957,404

    Comparable in this City

    • Value Estimation
      $680,000
      37,298 SF

      3330 Dairy Ashford Rd

      SHOPPING CENTER, STRIP CENTER • 37,298 SF
      3330 Dairy Ashford Rd, Houston, TX 77082-5553
      View Details
    • Value Estimation by Request
      21,206 SF

      3820 Dairy Ashford Rd

      SHOPPING CENTER, STRIP CENTER • 21,206 SF
      3820 Dairy Ashford Rd, Houston, TX 77082-5600
      View Details
    • Value Estimation
      $770,000
      29,436 SF

      3455 Dairy Ashford Rd

      SHOPPING CENTER, STRIP CENTER • 29,436 SF
      3455 Dairy Ashford Rd, Houston, TX 77082-5539
      View Details
    • Value Estimation
      $615,000
      16,058 SF

      2673 Hwy 6th S

      SHOPPING CENTER, STRIP CENTER • 16,058 SF
      2673 Hwy 6th S, Houston, TX 77082-1703
      View Details
    • Value Estimation
      $630,000
      20,500 SF

      4010 Dairy Ashford Rd

      SHOPPING CENTER, STRIP CENTER • 20,500 SF
      4010 Dairy Ashford Rd, Houston, TX 77082-5617
      View Details
    • Value Estimation
      $540,000
      12,575 SF

      12001 Richmond Ave

      SHOPPING CENTER, STRIP CENTER • 12,575 SF
      12001 Richmond Ave, Houston, TX 77082-7673
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,600 SF

      West Oaks Retail Center

      9,600 SF multi-tenant retail center at Highway 6.
      2808 State Highway 6 S, Houston, TX 77082
      View Details
    • $6,500,000
      1.39 Acres

      New Car Wash on Highway

      Newly built express car wash on high-traffic Houston corridor.
      3703 State Highway 6 S, Houston, TX 77082
      View Details
    • $1,300,000
      1.02 Acres

      Houston Car Wash Business Opportunity

      Full-service car wash in a high-traffic Houston location.
      12573 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing
      5,658 SF

      Turnkey Automotive Wheel Alignment Shop

      Freestanding 5,658 SF automotive shop on 39,499 SF lot.
      4004 S Texas 6, Houston, TX 77082
      View Details
    • $4,500,000

      Prime Commercial Tract For Sale

      11.44-acre commercial tract with unbeatable location and accessibility.
      16230 Westpark Dr, Houston, TX 77082
      View Details
    • $1,000,000
      1,260 SF

      Office Space in Houston, TX

      Office property for sale in Houston, Texas, 1260 square feet.
      16738 Alief Clodine Rd, Houston, TX 77082
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near West Oaks

      Retail space with high visibility and ample parking available for lease.
      16205 Westheimer Ave, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Plaza on Westheimer Road

      Retail plaza for lease in West Houston near Hwy 6.
      15300 Westheimer Rd, Houston, TX 77082
      View Details
    • Contact for pricing

      Westheimer Retail Center Opportunity

      Retail spaces available in high-traffic Houston location.
      15015 Westheimer Pkwy, Houston, TX 77082
      View Details
    • Contact for pricing

      Westpark Crossing Retail Space

      High-visibility retail space available in Westpark Crossing strip center.
      3711-3715 State Highway 6 South, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Space in Royal Oaks

      Retail space available in Houston's Royal Oaks neighborhood.
      12002 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing

      Prime Retail Space in Houston

      Anchored power center with established restaurant tenancy and pad site.
      2660 Eldridge Pkwy S, Houston, TX 77082
      View Details
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    16203 Westheimer Rd
    Houston, TX 77082-1246
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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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