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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Retail space
2240 Navigation Blvd Houston, TX 77003-1564
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-1300869
Property summary
AI-generated overview
This exceptional retail opportunity presents 17,953 square feet of prime commercial space located at 2240 Navigation Boulevard in Houston, Texas, within the vibrant Harris County. The property is a multi-tenant strip center, currently offering one available suite measuring 1,092 square feet. This presents a fantastic chance for businesses seeking a well-situated location within a thriving commercial area. The property's strategic location provides excellent visibility and accessibility, ensuring high foot traffic and potential customer reach. The building's total square footage offers ample space for various retail ventures, allowing for flexibility in layout and design. The address, 2240 Navigation Boulevard, places the property in a dynamic and growing section of Houston, offering a strong foundation for business success. Further details regarding lease terms and specifics are available upon request. This is an ideal location for businesses seeking a high-traffic, easily accessible retail space in a bustling Houston neighborhood. The property's size and configuration make it suitable for a variety of retail uses, providing a versatile option for prospective tenants. Interested parties are encouraged to inquire for more information and to schedule a viewing. The zip code for this property is 77003.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
BRICK
Total area
19,247 SF
Lot
1.33 ac (57,987 SF)
APN
1370840010001
UPID
US83-1300869
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
-
Southside Flying Pizza Restaurant
-
EaDo Family Dental Dental Office
-
EaDo Optics Physician
-
Astro Auto Transport Trucking Company
-
Frost Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.17M
Owner & transaction history
Shops On Navigation LLC · 7 yrs held
Shops On Navigation LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+106.2%
Commercial (general)
$2.4M
+75.6%
Restaurant
$1.7M
+22.8%
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
$1,395,000
Current use
AUTO REPAIR, GARAGE
$2,875,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,445,000
Change: +76% · Conversion: Easy
RESTAURANT
$1,710,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±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
$112 / 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
$123,827
Tax year 2022
Assessed value
$6,667,336
Assessed 2024
Previous assessed
$6,145,818
+8.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$2,029,545
Assessed improvement
$4,637,791
Land market value
$2,029,545
Improvement market value
$4,637,791
Total market value
$6,667,336
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
2016
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
19,247 SF
Lot
1.33 ac (57,987 SF)
APN
1370840010001
UPID
US83-1300869
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2016
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Shops On Navigation LLC
Entity
Mailing address
3773 RICHMOND AVE STE #800, HOUSTON, TX 77046-3723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Shops On Navigation LLC
Shops On Canal Street LLC
Quit Claim Deed
related
$6,500 · Citi R/e Fndg INC
Jul 23, 2018
—
Mason Creek LP
Shops At Mason Creek LLC
Quit Claim Deed
related
—
Mar 14, 2018
—
Shops On Canal Street LLC
—
Deed
related
$550,000 · Bancorpsouth/selmer
Jun 11, 2015
—
Shops On Canal Street LLC
Dt Group INC
Grant Deed
$5,011,949 · Bancorpsouth
—
—
Dt Group INC
—
Deed Of Trust
related
$83,000 · Community Nat'l Bk
—
—
Shops On Canal Street LLC
—
Deed Of Trust
related
$550,000 · Bancorpsouth/selmer
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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