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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 Aldine Bender Rd Houston, TX 77032-3124

    • Bars
    • 2,346 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3891843
    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

    • chipkeyprogramming / Auto Repair Shop
    • L & H's Sports Bar / Sports Bar

    Property Details for 2216 Aldine Bender Rd

    Year built
    1950
    Construction
    WOOD FRAME
    Lot size
    0.17 lot acres
    Property size
    2,346 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    790010070168
    APU
    790010070168

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $151,000
      Market price range: $151k - $320k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $235,000
      Current use
      COMMERCIAL (GENERAL)
      $355,000
      Change: +49% Conversion: Easy
      AUTO REPAIR, GARAGE
      $220,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $205,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3512
    Latitude
    29.9308
    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
    $860
    $30,168
    $91,270
    $121,438
    -
    $30,168
    $91,270
    $121,438

    Comparable in this City

    • Value Estimation
      $340,000
      2,623 SF

      15797 John F Kennedy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,623 SF
      15797 John F Kennedy Blvd, Houston, TX 77032-2315
      View Details
    • Value Estimation
      $275,000
      500 SF

      2118 Aldine Bender Rd

      TAKE-OUT RESTAURANT • 500 SF
      2118 Aldine Bender Rd, Houston, TX 77032-3122
      View Details
    • Value Estimation
      $250,000
      3,552 SF

      1915 Aldine Bender Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,552 SF
      1915 Aldine Bender Rd, Houston, TX 77032-3013
      View Details
    • Value Estimation
      $525,000
      5,284 SF

      1914 Aldine Bender Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,284 SF
      1914 Aldine Bender Rd, Houston, TX 77032-3014
      View Details
    • Value Estimation
      $300,000
      2,808 SF

      15819 John F Kennedy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,808 SF
      15819 John F Kennedy Blvd, Houston, TX 77032-2317
      View Details
    • Value Estimation
      $345,000
      6,437 SF

      1911 Aldine Bender Rd

      RESTAURANT • 6,437 SF
      1911 Aldine Bender Rd, Houston, TX 77032-3013
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Commercial Kitchen and Event Venue

      Equipped commercial kitchen and event venue with owner financing.
      1600 Aldine Bender Rd, Houston, TX 77032
      View Details
    • $2,799,000
      16,834 SF

      High-Traffic Retail Warehouse on Beltway

      Retail warehouse on Beltway 8, great location and investment.
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    • $2,290,000
      4.38 Acres

      Greens Rd Industrial Land

      4.38 Acres, Prime Houston Location
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    • $595,000
      2,192 SF

      Retail Property on Lee Road

      Retail property with 2,192 square feet of space.
      15743 Lee Rd, Houston, TX 77032
      View Details
    • $200,000

      Vacant Land Near Airport

      Accessible land parcel with visibility near major thoroughfares.
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    • Contact for pricing
      38,662 SF

      Vantage Parkway East Warehouse

      38,662 square foot warehouse property in Houston, Texas.
      15344 Vantage Pkwy East, Houston, TX 77032
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Available for Lease

      Retail space available for lease at 3503 South Sam Houston Parkway East.
      3503 South Sam Houston Pkwy East, Houston, TX 77032
      View Details
    • $11 SF/Yr
      15,175 SF

      Houston Warehouse: 15,175 SF

      Single-tenant industrial warehouse in Houston.
      2034 Mcaulty Rd, Houston, TX 77032
      View Details
    • Contact for pricing
      35,255 SF

      Houston Warehouse Space Available

      4,412 SF Warehouse in Houston, TX
      4560 Kendrick Plaza Dr, Houston, TX 77032
      View Details
    • $1.00 SF/Yr
      15,225 SF

      Industrial Space with Bridge Cranes

      15,225 SF industrial space available for lease in 2026.
      2034-2038 Mcaulty Rd, Houston, TX 77032
      View Details
    • Contact for pricing
      21,143 SF

      Prime Retail Pad Site Available

      21,143 SF pad site in a strong retail market.
      6204 East Sam Houston Pkwy N, Houston, TX 77032
      View Details
    • $4 SF/Yr
      6,585 SF

      Vantage Parkway Warehouse Space

      6,585 SF warehouse space available for lease.
      15403 Vantage Pkwy, Houston, TX 77032
      View Details
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    Houston, TX 77032-3124
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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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