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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Retail space
2008 Wayside Dr Houston, TX 77023-3918
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4558946
Property summary
AI-generated overview
South Wayside Plaza, located at 2008 S Wayside Dr, Houston, TX 77023, offers a fantastic retail opportunity. This single-story, Class B building boasts a total of 11,250 square feet, with 3,020 square feet currently vacant and immediately available. The space is divisible down to 1,125 square feet, offering flexibility for various business needs, with a maximum contiguous space of 3,020 square feet. The property sits on 2.6 acres of land and includes ample parking with 121 spaces. Its convenient location in Harris County provides excellent access to major transportation arteries, including I-45 South and Hwy 90, placing it within easy reach of significant employment centers. The building does not have elevators. This is the last available space in this ±11,250 square foot center. This property presents a unique chance to establish a presence in a high-traffic area with strong potential for growth. The address is easily accessible via the cross street, Wayside Dr. The property features a single building with multiple suites.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
CONCRETE BLOCKS
Total area
11,900 SF
Lot
2.6 ac (113,256 SF)
APN
410070380001
UPID
US82-4558946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kristen A. Ross, NP Physician
-
Yamila Casas Lay, NP Physician
-
Oak Street Health South Wayside Primary Care Clinic Medical Clinic
-
The Big Melt Restaurant
-
Mario's Tortas Lopez Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.45M
Owner & transaction history
Wayside Project Ltd · 11 yrs held
Wayside Project Ltd
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+86.7%
Auto repair, garage
$1.3M
+35.7%
Office building
$1.2M
+27.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$930,000
Current use
COMMERCIAL (GENERAL)
$1,735,000
Change: +87% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,260,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,185,000
Change: +27% · Conversion: Easy
RESTAURANT
$1,130,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$965,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$64,432
Tax year 2022
Assessed value
$3,197,562
Assessed 2024
Previous assessed
$3,197,925
0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,132,560
Assessed improvement
$2,065,002
Land market value
$1,132,560
Improvement market value
$2,065,002
Total market value
$3,197,562
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
11,900 SF
Lot
2.6 ac (113,256 SF)
APN
410070380001
UPID
US82-4558946
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$965,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.6 ac
Current owner
From public records · entity-resolved
Wayside Project Ltd
Individual
Mailing address
1717 SAINT JAMES PL STE #680, HOUSTON, TX 77056-3442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2018
—
Wayside Project Ltd
—
Trustees Deed
related
$1,470,000 · Icon Bk/tx NA
Jul 25, 2014
—
Wayside Project Ltd
Massey,carolyn
Grant Deed
$1,700,000 · Carolyn Massey
Apr 30, 2013
—
Carolyn Massey
Massey,cecil
Quit Claim Deed
related
—
—
—
Wayside Project Ltd
—
Deed Of Trust
related
$1,800,000 · International Bk/commerce
—
—
Wayside Project Ltd
—
Deed Of Trust
related
$970,000 · George M Lee
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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