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    Property profile & analytics

    2309 Ctr St, Unit 3 Deer Park, TX 77536-4178

    • Retail space
    • 5,300 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2023
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4806258
    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

    • Texas Farm Bureau Insurance - Marie Lee-Rodriguez / Life Insurance Agency / Insurance Agency
    • R.A. Weaver Electric, Inc. / Electrician
    • Summit Realtors: Jodi Kallus Realtor / Real Estate Agency / Real Estate Agent
    • Summit Realtors - Eleazar Arroyo Realtor / Real Estate Agent
    • Carla Nettles, Broker/Owner / Real Estate Agent

    Property Details for 2309 Ctr St

    Year built
    1998
    Construction
    BRICK
    Lot size
    0.47 lot acres
    Property size
    5,300 SF
    Property type
    Retail space
    APN
    113190000102
    APU
    113190000102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $515,000
      Market price range: $247k - $636k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $445,000
      Current use
      AUTO REPAIR, GARAGE
      $480,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $395,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Harris
    State
    Texas
    Longitude
    -95.1231
    Latitude
    29.6903
    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
    $11,671
    $285,600
    $464,400
    $750,000
    -
    $285,600
    $464,400
    $750,000

    Comparable in this City

    • Value Estimation by Request
      18,765 SF

      Nwc Spencer Hwy & Blvd

      Neighborhood centers • 18,765 SF
      0 Nwc Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    • Value Estimation by Request
      12,152 SF

      4709 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 12,152 SF
      4709 Ctr St, Deer Park, TX 77536-6354
      View Details
    • Value Estimation
      $305,000
      2,820 SF

      105 San Augustine St

      RETAIL STORES (PERSONAL SERVICES) • 2,820 SF
      105 San Augustine St, Deer Park, TX 77536-4023
      View Details
    • Value Estimation
      $310,000
      4,400 SF

      803 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 4,400 SF
      803 Ctr St, Deer Park, TX 77536-3205
      View Details
    • Value Estimation
      $285,000
      1,750 SF

      905 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 1,750 SF
      905 Ctr St, Deer Park, TX 77536-3207
      View Details
    • Value Estimation
      $290,000
      4,880 SF

      4802 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 4,880 SF
      4802 Ctr St, Deer Park, TX 77536-6300
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,120 SF

      Deer Park Auto Shop Investment

      6,120 SF Auto Shop, Tenant in Place
      4840 Center St, Deer Park, TX 77536
      View Details
    • $1,300,000
      4,800 SF

      Deer Park Retail Investment

      6.65% Cap Rate, Net Lease
      3702 Center St, Deer Park, TX 77536
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    • $450,000
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      Commercial Land For Sale

      Commercial land with high visibility and city utilities.
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      View Details
    • Contact for pricing
      2.90 Acres

      Deer Park Commercial Land - 2.9 Acres

      Prime 2.9-acre commercial lot in Deer Park, TX.
      0 Blvd & X St Deer Park, Deer Park, TX 77536
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    • $845,000
      1.85 Acres

      Deer Park Commercial Land

      1.85 Acres, Prime Location, $845,000
      4501 Center St, Deer Park, TX 77536
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    • Contact for pricing

      Commercial Land for Sale

      Land suitable for retail, QSR, or car wash.
      East Blvd, Deer Park, TX 77536
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,000 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, TX.
      4902-5034 Luella Ave, Deer Park, TX 77536
      View Details
    • Contact for pricing
      18,765 SF

      Deer Park Retail Space Available

      High-traffic retail space in Deer Park, TX.
      0 Nwc Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space Near H-E-B

      Retail space available in new building near major retailers.
      4701 East Blvd, Deer Park, TX 77536
      View Details
    • Contact for pricing
      14,600 SF

      Deer Park Retail Center Investment

      High-traffic retail strip center in Deer Park, TX
      0 Nec Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    • Contact for pricing
      2,727 SF

      Shoppes at Town Square III Retail Space

      Harris County retail space; two suites available.
      3811 Center St, Deer Park, TX 77536
      View Details
    • $26 SF/Yr
      7,080 SF

      Deer Park Plaza: Office Space Available

      Modern Deer Park Office, 1,500 SF Available
      3401 East Blvd, Deer Park, TX 77536
      View Details
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    Deer Park, TX 77536-4178
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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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