Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1945 Gray St Houston, TX 77019-4801
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1945 Gray St Houston, TX 77019-4801

    View on Map
    • Retail space
    • 4,840 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US82-4108513
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Affirma Car Towing's & Co / Auto Parts Store
    • United Apparel Liquidators / Clothing Store

    Property Details for 1945 Gray St

    Year built
    1947
    Construction
    FRAME
    Lot size
    0.22 lot acres
    Property size
    4,840 SF
    Property type
    Retail space
    APN
    442250000167
    APU
    442250000167

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.406
    Latitude
    29.7528
    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
    $21,614
    $910,385
    $169,030
    $1,079,415
    -
    $910,385
    $169,030
    $1,079,415

    Comparable in this City

    • Value Estimation
      $690,000
      4,888 SF

      311 Gray St

      RETAIL STORES (PERSONAL SERVICES) • 4,888 SF
      311 Gray St, Houston, TX 77019-4573
      View Details
    • Value Estimation
      $2,020,000
      14,400 SF

      1958 Gray St

      RETAIL STORES (PERSONAL SERVICES) • 14,400 SF
      1958 Gray St, Houston, TX 77019-4842
      View Details
    • Value Estimation
      $660,000
      13,208 SF

      1947 Gray St

      RETAIL STORES (PERSONAL SERVICES) • 13,208 SF
      1947 Gray St, Houston, TX 77019-4801
      View Details
    • Value Estimation
      $600,000
      4,711 SF

      303 Gray St

      RETAIL STORES (PERSONAL SERVICES) • 4,711 SF
      303 Gray St, Houston, TX 77019-4440
      View Details
    • Value Estimation
      $1,275,000
      9,435 SF

      2015 Shepherd Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,435 SF
      2015 Shepherd Dr, Houston, TX 77019-7007
      View Details
    • Value Estimation by Request
      5,223 SF

      1233 Waugh Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,223 SF
      1233 Waugh Dr, Houston, TX 77019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,230 SF

      Montrose Retail and Medical Site

      Two-story, 17,230 SF medical retail site in Montrose.
      1110 W Gray St, Houston, TX 77019
      View Details
    • $2,520,000

      Stately Duplex and Clinic Opportunity

      Duplex and clinic for redevelopment, retail, or rental use.
      2406 Huldy St, Houston, TX 77019
      View Details
    • Contact for pricing
      6,755 SF

      Restaurant Building with Large Patio

      Second generation restaurant with patio and ample parking.
      1212 Waugh Dr, Houston, TX 77019
      View Details
    • $699,000
      2,640 SF

      Four-Unit Multifamily Investment Opportunity

      Two-story brick fourplex with income potential and development possibilities.
      2401 Driscoll St, Houston, TX 77019
      View Details
    • Contact for pricing

      Land For Sale Houston

      Land available for sale at 803 W Dallas Street.
      803 W Dallas St, Houston, TX 77019
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Restaurant Space

      New construction retail and restaurant space in the heart of River Oaks.
      1934 W Gray St, Houston, TX 77019
      View Details
    • Contact for pricing

      Retail Spaces Available For Lease

      Retail spaces for lease, ranging from 1037 to 3421 sqft.
      2421 S Shepherd Dr, Houston, TX 77019
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail space for lease at 1705 W Gray St, Houston.
      1705 W Gray St, Houston, TX 77019
      View Details
    • Contact for pricing

      River Oaks Shopping Center Retail

      Retail spaces in established River Oaks Shopping Center.
      1964 W Gray St, Houston, TX 77019
      View Details
    • Contact for pricing

      Freestanding Office Building and Parking

      Office and retail spaces available in Houston, Texas.
      W Gray St. & Woodhead St, Houston, TX 77019
      View Details
    • Contact for pricing
      2,860 SF

      Retail Space Available for Lease

      9,377 square feet retail space available for lease.
      2800 Kirby Dr, Houston, TX 77019
      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.
    1945 Gray St
    Houston, TX 77019-4801
    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.
    Sign Up Successful!
    You now have access to more from Realmo!