Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1906 Chapman St Houston, TX 77009-8210

    • Grocery and convenience stores
    • 7,812 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3763677
    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

    • Sandra Drive2U Houston Notary Services / Home Goods Store
    • ATM (ATM Link, Inc.) / Atm
    • Monterrey Food City / Grocery Store

    Property Details for 1906 Chapman St

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    0.11 lot acres
    Property size
    7,812 SF
    Property type
    Grocery and convenience stores
    APN
    90470000025
    APU
    90470000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $215,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3535
    Latitude
    29.7785
    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
    $12,041
    $172,500
    $481,238
    $653,738
    -
    $172,500
    $481,238
    $653,738

    Comparable in this City

    • Value Estimation
      $245,000
      936 SF

      2601 Main St, Unit 1

      CONVENIENCE STORE • 936 SF
      2601 Main St, Houston, TX 77009-6835
      View Details
    • Value Estimation
      $410,000
      7,200 SF

      5902 Fulton St

      CONVENIENCE STORE (W/FUEL PUMP) • 7,200 SF
      5902 Fulton St, Houston, TX 77009-1305
      View Details
    • Value Estimation
      $1,095,000
      33,906 SF

      1100 Quitman St

      GROCERY, SUPERMARKET • 33,906 SF
      1100 Quitman St, Houston, TX 77009
      View Details
    • Value Estimation
      $300,000
      6,115 SF

      1330 Nn Loop

      CONVENIENCE STORE (W/FUEL PUMP) • 6,115 SF
      1330 Nn Loop, Houston, TX 77009
      View Details
    • Value Estimation
      $300,000
      1,875 SF

      1023 Booth St

      CONVENIENCE STORE • 1,875 SF
      1023 Booth St, Houston, TX 77009-6816
      View Details
    • Value Estimation
      $230,000
      2,860 SF

      3802 Hardy St

      CONVENIENCE STORE • 2,860 SF
      3802 Hardy St, Houston, TX 77009-4338
      View Details

    Similar Nearby for Sale

    • $335,000
      5,256 SF

      Commercial Corner Lot For Sale

      Corner lot with frontage on N 45 Freeway.
      2834 North Fwy, Houston, TX 77009
      View Details
    • $625,000
      4,272 SF

      Houston Commercial Property Near Downtown

      Commercial property near Downtown Houston with high visibility and accessibility.
      2521 Fulton St, Houston, TX 77009
      View Details
    • $2,250,000
      7,200 SF

      Restaurant and Retail Spaces Available

      Restaurant and retail spaces for sale in growing neighborhood.
      5902 Fulton St, Houston, TX 77009
      View Details
    • Contact for pricing
      3,749 SF

      Houston Industrial Bar/Warehouse

      Prime location, fully equipped, high potential.
      1125 Cavalcade St, Houston, TX 77009
      View Details
    • $1,695,000
      3,880 SF

      Turnkey Brewery and Tap Room

      3,880 SF brewery and tap room on 10,000 SF land.
      1125 W Cavalcade St, Houston, TX 77009
      View Details
    • $475,000

      Corner Property Suited for Parking

      Corner property, potential parking area, near Metro line.
      4701 Fulton St, Houston, TX 77009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,248 SF

      Retail Space Available For Rent

      Retail space available for rent in Houston, TX.
      2645 N Main St, Houston, TX 77009
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Houston Center

      1500 SF retail space in established Houston neighborhood.
      1117 Collingsworth St, Houston, TX 77009
      View Details
    • $8 SF/Yr
      25,862 SF

      Gated Parking and Showroom Space

      31,000 SF gated parking with showroom and office space.
      2500 North Fwy, Houston, TX 77009
      View Details
    • Contact for pricing
      4,742 SF

      Prime Houston Retail Space

      Restaurant space, ±4,742 SF, high traffic area
      4721 Main St, Houston, TX 77009
      View Details
    • Contact for pricing
      9,957 SF

      Houston Main Street Office Space

      Prime Houston Retail Office Building, 14 Suites Available
      6300 Main St, Houston, TX 77009
      View Details
    • $0.60 SF/Yr
      67,740 SF

      Houston Warehouse Space For Lease

      67,740 square feet of warehouse space available for lease.
      7100-7112 Cavalcade St, Houston, TX 77009
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1906 Chapman St
    Houston, TX 77009-8210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.