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    1902 Hwy 146th N La Porte, TX 77571-3292
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    Property profile & analytics

    1902 Hwy 146th N, La Porte, TX 77571-3292

    View on Map
    • Grocery and convenience stores
    • 12,486 SF
    • 3.95 lot acres
    Off-Market
    Property ID
    US82-9828294
    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
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1902 Hwy 146th N

    Year built
    2019
    Lot size
    3.95 lot acres
    Property type
    Grocery and convenience stores
    APN
    1292170040005
    APU
    1292170040005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 1, 2019 — Sv Sons Hwy 146 LLC Liberty Property LP Grant Deed $4.5M · Trustmark Nat'l Bk
    Sep 11, 2015 — Liberty Property LP Port Crossing Land LP Grant Deed · related —
    — — Port Crossing Land LP — Loan Modification · related $14.2M · Northern Tr
    — — Port Crossing Land LP — Loan Modification · related $14.3M · Northern Tr
    — — Port Crossing Land LP — Loan Modification · related $14.3M · Northern Tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $900,000
      Market price range: $501k - $901k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $745,000
      Current use
      RESTAURANT
      $1,060,000
      Change: +42% Conversion: Difficult
      RETAIL STORES
      $980,000
      Change: +32% Conversion: Difficult
      MEDICAL BUILDING
      $820,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $770,000
      Change: +4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $635,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.0311
    Latitude
    29.6356
    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
    $27,901
    $1,718,660
    $2,312,908
    $4,031,568
    -
    $1,718,660
    $2,312,908
    $4,031,568

    Comparable in this City

    • Value Estimation by Request
      7,210 SF

      7005 Hwy 225

      CONVENIENCE STORE (W/FUEL PUMP)
      7005 Hwy 225, La Porte, TX 77571
      View Details
    • Value Estimation by Request
      7,390 SF

      10901 Fairmont Pkwy, Unit 101

      CONVENIENCE STORE (W/FUEL PUMP)
      10901 Fairmont Pkwy, La Porte, TX 77571-6009
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    • Value Estimation by Request
      9,880 SF

      201 Barbours Cut Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      201 Barbours Cut Blvd, La Porte, TX 77571-3333
      View Details
    • Value Estimation
      $570,000
      10,150 SF

      9119 Hwy 225

      CONVENIENCE STORE (W/FUEL PUMP)
      9119 Hwy 225, La Porte, TX 77571-9823
      View Details
    • Value Estimation by Request
      14,580 SF

      1806 Battleground Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      1806 Battleground Rd, La Porte, TX 77571-9000
      View Details
    • Value Estimation by Request
      2,880 SF

      108 Broadway St

      CONVENIENCE STORE
      108 Broadway St, La Porte, TX 77571-5310
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Pad Sites on Highway

      High-visibility commercial land ideal for retail or restaurant development.
      W Fairmont Pkwy, La Porte, TX 77571
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    • $699,000

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
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      La Porte Commercial Property Opportunity

      Versatile commercial building in La Porte, suitable for various uses.
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      3,000 SF

      Updated Auto Shop For Sale

      Recently updated auto shop with new paint booth and lift.
      1307 W Main St, La Porte, TX 77571
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      Pending

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 N Broadway St, La Porte, TX 77571
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    • Contact for pricing
      Pending

      Retail Building with Rental Income

      Retail building with tenants and $4,500 monthly rental income.
      1220 S Broadway St, La Porte, TX 77571
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, Texas.
      1901 S Battleground Rd, Deer Park, TX 77571
      View Details
    • Contact for pricing

      Retail Space on Highway 146

      Retail space with high traffic volume on Highway 146.
      928 Highway 146 S, La Porte, TX 77571
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Jacks Plaza

      Retail space for rent in La Porte, Texas.
      1101-1143 Broadway St, La Porte, TX 77571
      View Details
    • Contact for pricing
      1,500 SF

      Remodeled Space For Lease

      1,500 SF remodeled space suitable for office or retail.
      217 Highway 146 S, La Porte, TX 77571
      View Details
    • Contact for pricing
      2,750 SF

      Retail Space on Spencer Highway

      2,750 SF retail space for lease on Spencer Highway.
      8610 Spencer Hwy, La Porte, TX 77571
      View Details
    • Contact for pricing

      La Porte Medical/Retail Space

      Space in well-established family clinic center, suitable for medical/retail.
      401 W Fairmont Pkwy, La Porte, TX 77571
      View Details
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    La Porte, TX 77571-3292
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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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