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

    17308 Hwy 3rd 3 Webster, TX 77598-4133

    • Strip malls
    • 27,761 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4248099
    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

    • Strip malls

    Property Details for 17308 Hwy 3rd 3

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    1.92 lot acres
    Property size
    27,761 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    361770000022
    APU
    361770000022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $680,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Harris
    State
    Texas
    Longitude
    -95.1281
    Latitude
    29.5477
    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
    $52,843
    $2,510,370
    $4,453,652
    $6,964,022
    -
    $2,510,370
    $4,453,652
    $6,964,022

    Comparable in this City

    • Value Estimation
      $550,000
      7,040 SF

      930 Bay Area Blvd

      SHOPPING CENTER, STRIP CENTER • 7,040 SF
      930 Bay Area Blvd, Webster, TX 77598-4048
      View Details
    • Value Estimation
      $670,000
      64,165 SF

      3100 Fm 528th Rd

      SHOPPING CENTER, STRIP CENTER • 64,165 SF
      3100 Fm 528th Rd, Webster, TX 77598-4508
      View Details
    • Value Estimation
      $840,000
      30,919 SF

      209 Nasa Pkwy

      SHOPPING CENTER, STRIP CENTER • 30,919 SF
      209 Nasa Pkwy, Webster, TX 77598-5310
      View Details
    • Value Estimation
      $375,000
      17,820 SF

      400 Bay Area Blvd

      SHOPPING CENTER, STRIP CENTER • 17,820 SF
      400 Bay Area Blvd, Webster, TX 77598-4134
      View Details
    • Value Estimation
      $480,000
      16,800 SF

      435 El Dorado Blvd

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      435 El Dorado Blvd, Webster, TX 77598-2304
      View Details
    • Value Estimation
      $505,000
      19,710 SF

      15210 Hwy 3rd 3

      SHOPPING CENTER, STRIP CENTER • 19,710 SF
      15210 Hwy 3rd 3, Webster, TX 77598-6716
      View Details

    Similar Nearby for Sale

    • $1,550,736
      0.89 Acres

      Prime Webster Retail Pad Site

      .89-Acre Commercial Land, High Traffic
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    • $3,000,000
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      Full Service Car Wash Business

      Full-service car wash with detailing and membership options in Webster, TX.
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    • $2,089,999
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      Mt. Washington Retail/Office PAD

      Prime Mt. Washington location, 23,000 sq ft.
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    • $5,500,000
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      Webster Retail Property For Sale

      Retail property available for purchase in Webster, Texas.
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    • $125,000

      Corner Unit Condo For Sale

      Stunning 2-bedroom, 2-bathroom condo with modern amenities and recent updates.
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    Similar Nearby for Lease

    • Contact for pricing
      155,982 SF

      Baybrook East Shopping Center

      Prime Retail Space, Houston
      & I-45 El Dorado Blvd, Webster, TX 77598
      View Details
    • Contact for pricing
      3,319 SF

      Retail Space in Webster, Texas

      Retail space with high daytime population and great access.
      Texas Ave, Webster, TX 77598
      View Details
    • $15 SF/Yr
      8,678 SF

      Webster Retail Center - Highway 3

      Prime Webster Retail Space Available
      17302-17330 Highway 3, Webster, TX 77598
      View Details
    • Contact for pricing
      136,505 SF

      Bayway Village II: Retail Center

      High-traffic shopping center near Baybrook Mall
      20801 Gulf Fwy, Webster, TX 77598
      View Details
    • $18 SF/Yr
      2,000 SF

      Retail Space For Rent

      Retail space available for lease in Webster, Texas.
      17926 Highway 3, Webster, TX 77598
      View Details
    • $7,500 /Mo
      36,982 SF

      Full-Service Car Wash for Lease

      Car wash with detailing and membership options near NASA Parkway.
      810 E Nasa Pkwy, Webster, TX 77598
      View Details
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    Webster, TX 77598-4133
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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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