Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2008 Wirt Rd Houston, TX 77055-1656

    • Auto shops
    • 6,600 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4775638
    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

    • ABC Body & Paint / Auto Repair Shop
    • Hispanos Cars 4 Less / Car Dealership
    • ASJ Auto Repair / Auto Repair Shop
    • L@M Collision/ Automotive Body Shop / Auto Repair Shop

    Property Details for 2008 Wirt Rd

    Year built
    1978
    Construction
    METAL FRAME
    Lot size
    0.99 lot acres
    Property size
    6,600 SF
    Property type
    Auto shops
    APN
    700290030008
    APU
    700290030008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4843
    Latitude
    29.8074
    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
    2020
    $9,790
    $1,081,700
    $303,598
    $1,385,298
    -
    $1,081,700
    $303,598
    $1,385,298

    Comparable in this City

    • Value Estimation by Request
      1,854 SF

      3535 Bingle Rd

      AUTO REPAIR, GARAGE • 1,854 SF
      3535 Bingle Rd, Houston, TX 77055-1014
      View Details
    • Value Estimation by Request
      4,200 SF

      9939 Long Pt Rd

      AUTO REPAIR, GARAGE • 4,200 SF
      9939 Long Pt Rd, Houston, TX 77055-4115
      View Details
    • Value Estimation by Request
      6,150 SF

      9131 Long Pt Rd

      AUTO REPAIR, GARAGE • 6,150 SF
      9131 Long Pt Rd, Houston, TX 77055-4565
      View Details
    • Value Estimation by Request
      4,770 SF

      9825 Long Pt Rd

      AUTO REPAIR, GARAGE • 4,770 SF
      9825 Long Pt Rd, Houston, TX 77055-4107
      View Details
    • Value Estimation by Request
      4,720 SF

      7905 Long Pt Rd

      AUTO REPAIR, GARAGE • 4,720 SF
      7905 Long Pt Rd, Houston, TX 77055-3501
      View Details
    • Value Estimation by Request
      5,760 SF

      2207 Bingle Rd Ste B

      AUTO REPAIR, GARAGE • 5,760 SF
      2207 Bingle Rd Ste B, Houston, TX 77055-1115
      View Details

    Similar Nearby for Sale

    • $149,999

      Spacious Condo in Spring Branch

      Inviting 2-bedroom condo with utilities included near Memorial Park.
      7510 Shadyvilla Ln, Houston, TX 77055
      View Details
    • $1,149,900

      Hilshire Village Land Overlooking Bayou

      Over 0.75 acre lot to build your dream home.
      1105 Ridgeley Dr, Houston, TX 77055
      View Details
    • Contact for pricing
      24,825 SF

      Northwest Houston Industrial Property

      24,825 SF industrial property in Northwest Houston for sale.
      2216 Pech Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      25,771 SF

      Houston Warehouse - 25,771 SF

      Prime Houston industrial space; ideal for various uses.
      1221 Adkins Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      1 SF

      Multifamily Property on Long Point

      24-unit multifamily property with high visibility and stable income.
      7507 Long Point Rd, Houston, TX 77055
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,604 SF

      Spring Branch Commercial Property

      Prime Retail/Medical Office Opportunity
      7414 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      5,950 SF

      Westview Retail: Houston, TX

      Prime 5,950 SF Retail Space in Houston.
      1330 Antoine Dr, Houston, TX 77055
      View Details
    • Contact for pricing
      38,468 SF

      Shoppes at Memorial Villages: Houston

      Houston Flex Space: 7 Suites Available
      1014 Wirt Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      66,056 SF

      Spring Branch Retail Space for Lease

      Prime Houston Retail, Multiple Spaces Available
      8141 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      990 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      1551 Campbell Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Retail Space in Spring Branch

      Retail space with frontage on Long Point Road.
      9101-9123 Long Point Rd, Houston, TX 77055
      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.
    2008 Wirt Rd
    Houston, TX 77055-1656
    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!