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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
2012 34th St Houston, TX 77018-6109
Individually Owned
Absentee Owner
Free & Clear
Property ID
US82-4110692
Property summary
AI-generated overview
This exceptional Houston, TX property at 2012 W 34th St offers a unique redevelopment opportunity. The 5,300 sq ft vacant building currently features a fully equipped convenience store with a meat market (walk-in freezer, temperature-controlled display cases), and a restaurant space with a gas stove. All shelving and equipment are included. The property sits on approximately 49,700 sq ft of land, comprised of four contiguous, level lots, providing ample space for expansion or new construction. Benefiting from high traffic on W 34th St, the site boasts 230 feet of frontage, two road accesses, and three curb cuts. Existing underground utilities are in place. The property can be sold vacant or with the existing equipment. Ideal for owner-users seeking to operate the existing convenience store and restaurant, or developers looking to construct new retail or residential units. A recent survey (August 2024) is available. This is a rare chance to acquire a substantial property in a still-emerging, high-traffic location. The asking price is $2,866,633, with a price per square foot of $540.87. The lease type is NNN.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1950
Construction
METAL FRAME
Total area
5,612 SF
Lot
0.46 ac (20,064 SF)
APN
730080020066
UPID
US82-4110692
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
-
R K Meat Market & Taqueria Take-out & Catering Butcher
-
Tejano's Multiservices & Insurance Insurance Agency
-
El Moreliano Restaurant and Meat market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$520k
Owner & transaction history
DOLORES BARANOWSKI
DOLORES BARANOWSKI
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$700,000
+352.2%
Restaurant
$655,000
+321.3%
Retail stores
$445,000
+188.3%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$700,000
Change: +352% · Conversion: Difficult
RESTAURANT
$655,000
Change: +321% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +188% · Conversion: Easy
OFFICE BUILDING
$390,000
Change: +152% · Conversion: Moderate
MEDICAL BUILDING
$360,000
Change: +131% · Conversion: Difficult
WAREHOUSE, STORAGE
$325,000
Change: +110% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$93 / 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
$19,006
Tax year 2022
Assessed value
$985,687
Assessed 2024
Previous assessed
$991,834
-0.6% YoY
Effective rate
1.93%
On assessed value
Assessed land
$802,520
Assessed improvement
$183,167
Land market value
$802,520
Improvement market value
$183,167
Total market value
$985,687
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1950
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,612 SF
Lot
0.46 ac (20,064 SF)
APN
730080020066
UPID
US82-4110692
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
AUTO REPAIR, GARAGE
Est. value
$700,000
RESTAURANT
Est. value
$655,000
RETAIL STORES
Est. value
$445,000
OFFICE BUILDING
Est. value
$390,000
MEDICAL BUILDING
Est. value
$360,000
WAREHOUSE, STORAGE
Est. value
$325,000
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1950
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
DOLORES BARANOWSKI
Individual
Free & Clear · 0 yrs held
Mailing address
870 SARA ROSE ST, HOUSTON, TX 77018-6334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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