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    Property profile & analytics

    2002 Fry Rd Houston, TX 77084-5800

    • Strip malls
    • 39,685 SF
    • 2.76 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3271392
    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

    • Cut Addiction Barber & Beauty Shop / Barber Shop
    • Aisha's Salon & Spa / Hair Salon
    • David H. Heller Attorney At Law / Law Firm
    • Tandoori Grill / Restaurant
    • Katy Halal Meat & Restaurant / Grocery & Convenience Store / Food Market

    Property Details for 2002 Fry Rd

    Year built
    1983
    Construction
    CONCRETE BLOCKS
    Lot size
    2.76 lot acres
    Property size
    39,685 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1058720000056
    APU
    1058720000056

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $788,000
      Market price range: $658k - $1.34M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,025,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.7184
    Latitude
    29.7963
    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
    $65,339
    $1,201,340
    $2,578,857
    $3,780,197
    -
    $1,201,340
    $2,578,857
    $3,780,197

    Comparable in this City

    • Value Estimation
      $635,000
      41,640 SF

      16618 Clay Rd

      SHOPPING CENTER, STRIP CENTER • 41,640 SF
      16618 Clay Rd, Houston, TX 77084-4088
      View Details
    • Value Estimation
      $590,000
      18,231 SF

      18311 Clay Rd

      SHOPPING CENTER, STRIP CENTER • 18,231 SF
      18311 Clay Rd, Houston, TX 77084-7098
      View Details
    • Value Estimation
      $635,000
      33,276 SF

      5814 Hwy 6th N

      SHOPPING CENTER, STRIP CENTER • 33,276 SF
      5814 Hwy 6th N, Houston, TX 77084-1834
      View Details
    • Value Estimation
      $635,000
      25,504 SF

      4505 Hwy 6th N

      SHOPPING CENTER, STRIP CENTER • 25,504 SF
      4505 Hwy 6th N, Houston, TX 77084-3495
      View Details
    • Value Estimation
      $530,000
      27,215 SF

      6410 Hwy 6th N

      SHOPPING CENTER, STRIP CENTER • 27,215 SF
      6410 Hwy 6th N, Houston, TX 77084-1310
      View Details
    • Value Estimation by Request
      19,920 SF

      18174 Riv Sage Dr

      SHOPPING CENTER, STRIP CENTER • 19,920 SF
      18174 Riv Sage Dr, Houston, TX 77084-6916
      View Details

    Similar Nearby for Sale

    • $8,000,000
      14,000 SF

      Katy Fwy Medical/Retail Center

      New Construction, High-Growth Area
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    • Contact for pricing
      1,095 SF

      Retail Box on Fry Road

      Retail space with direct access and high visibility.
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    • $2,600,000

      Houston Industrial Land - 5 Acres

      Prime Houston location, 5 acres, ideal for development.
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      Land Available in Houston, Texas

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      16222 Cairnway Dr, Houston, TX 77084
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      17.95 Acres

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      Houston commercial/residential land, shovel-ready.
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      Two land parcels totaling 3.61 acres for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      3,925 SF

      Retail Space in Growing Houston

      New retail center in a rapidly growing Houston area.
      10760 Barker Cypress Rd, Houston, TX 77084
      View Details
    • $32 SF/Yr
      19,953 SF

      Shops at Ten Oaks I: Houston Retail

      Prime Houston retail space, multiple units available.
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      View Details
    • $19 SF/Yr
      70,887 SF

      Westlake Shopping Center: Retail Space

      High-traffic retail center; spaces available.
      19734 Saums Rd, Houston, TX 77084
      View Details
    • Contact for pricing
      1,046 SF

      Retail Space Anchored by Walmart

      Retail space available in a busy shopping center.
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    • Contact for pricing
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      Retail Space at Barker Cypress

      Retail space available at a high-traffic intersection in Houston.
      3686 Barker Cypress Rd, Houston, TX 77084
      View Details
    • $25 SF/Yr
      86,000 SF

      Westgate Market: Medical Office Space

      Houston Medical Office Retail Space Available
      19740 Katy Fwy, Houston, TX 77084
      View Details
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    2002 Fry Rd
    Houston, TX 77084-5800
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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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