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    16516 Market St Channelview, TX 77530-4432
    Property profile & analytics

    16516 Market St Channelview, TX 77530-4432

    View on Map
    • Grocery and convenience stores
    • 6,876 SF
    • 2.04 lot acres
    Off-Market
    Property ID
    US83-2926171
    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.
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Imagen Mini Mart / Grocery & Convenience Store
    • ATM (ATM Link, Inc.) / Atm
    • Stop & Drive / Grocery & Convenience Store

    Property Details for 16516 Market St

    Year built
    1958
    Construction
    BRICK
    Lot size
    2.04 lot acres
    Property size
    6,876 SF
    Property type
    Grocery and convenience stores
    APN
    720410060004
    APU
    720410060004

    Description

    This exceptional investment opportunity presents a 7,778 square foot mixed-use property situated on a 2-acre lot in Channelview, Texas, just 20 minutes east of Downtown Houston. The property, located at 16516 Market St, zip code 77530, consists of two single-story buildings constructed in 1958. Currently configured as a bar, convenience store, and storefront, this value-add property offers significant potential for redevelopment or repurposing. The asking price is $1,088,000, translating to $139.88 per square foot. Its strategic location near the Houston Ship Channel presents a compelling opportunity for developers seeking to capitalize on the area's burgeoning commercial growth. The property's versatility allows for a wide range of development possibilities, including the construction of a warehouse or flexible commercial space. This prime real estate presents a rare chance to acquire a substantial land parcel in a high-growth area with excellent access to major transportation routes. The property is located in Harris County and offers significant upside for investors seeking a value-add opportunity in a dynamic market. This is a unique chance to secure a piece of prime Houston-area real estate with considerable potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $716,000
      Market price range: $491k - $775k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,235,000
      OFFICE BUILDING
      $985,000
      AUTO REPAIR, GARAGE
      $620,000
      RESTAURANT
      $595,000
      RETAIL STORES
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Channelview
    County
    Harris
    State
    Texas
    Longitude
    -95.1057
    Latitude
    29.7806
    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
    2020
    $5,638
    $443,700
    $373,074
    $816,774
    -
    $443,700
    $373,074
    $816,774

    Comparable in this City

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    • Value Estimation
      $1,705,000
      20,257 SF

      300 Dell Dl St

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    • Value Estimation by Request
      3,879 SF

      14821 Woodforest Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,879 SF
      14821 Woodforest Blvd, Channelview, TX 77530-3255
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    • Value Estimation by Request
      2,720 SF

      15706 Ave C C

      RETAIL STORES (PERSONAL SERVICES) • 2,720 SF
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    • Value Estimation by Request
      1,056 SF

      16310 Ee Fwy

      RETAIL STORES (PERSONAL SERVICES) • 1,056 SF
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    • Value Estimation by Request
      1,218 SF

      531 Crockett St

      RETAIL STORES (PERSONAL SERVICES) • 1,218 SF
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      View Details

    Similar Nearby for Sale

    • $1,100,000

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    • $345,000

      Channelview Income-Producing Property on Acre

      Two homes on one lot, ideal for investors/owner-occupants.
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      1.78 Acres Stabilized Yard

      1.78 acres of land with heavy stabilization.
      15095 Market St, Channelview, TX 77530
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    Similar Nearby for Lease

    • Contact for pricing
      28,880 SF

      Grocery Anchored Retail Spaces

      Retail spaces and pad site available in Channelview, Texas.
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      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office use.
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      60,000 SF

      60,000 SF Warehouse Available

      60,000 SF warehouse space with 18 dock-high doors.
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    • Contact for pricing
      1,296 SF

      Channelview Office Space Available

      Office space available for rent in Channelview, Texas.
      15055 East Fwy, Channelview, TX 77530
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    • Contact for pricing

      Channelview Two-Story Office Building

      Two-story office building with recent interior and exterior improvements.
      15201 E Fwy Service Rd, Channelview, TX 77530
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    • $1,100 /Mo
      2,500 SF

      Channelview Office Warehouse For Rent

      Office warehouse space available for lease in Channelview, Texas.
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      View Details
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    Channelview, TX 77530-4432
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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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