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    Property profile & analytics

    2715 Bissonnet St Houston, TX 77005-1340

    • Retail space
    • 19,300 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $2,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2241282
    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

    • kainer KAINER / Landscaping / (Bike/Boat/Book/etc) Store
    • Lyle R. Cadenhead, PHD / Physician / Medical Clinic
    • Career Fulfillment Services / Physician / Medical Clinic
    • Kishimoto Yuko / Physician / Medical Clinic
    • Allstate Insurance Agent: Jason Thomas / Insurance Agency

    Property Details for 2715 Bissonnet St

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    1.56 lot acres
    Property size
    19,300 SF
    Property type
    Retail space
    APN
    1403790010001
    APU
    1403790010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,188,000
      Market price range: $804k - $2.19M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,515,000
      Current use
      COMMERCIAL (GENERAL)
      $2,660,000
      Change: +76% Conversion: Easy
      RESTAURANT
      $1,950,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,800,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4212
    Latitude
    29.7252
    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
    $183,218
    $7,489,240
    $5,289,207
    $12,778,447
    -
    $7,489,240
    $5,289,207
    $12,778,447

    Comparable in this City

    • Value Estimation
      $1,145,000
      34,249 SF

      2533 Times Blvd

      RETAIL STORES (PERSONAL SERVICES) • 34,249 SF
      2533 Times Blvd, Houston, TX 77005-3239
      View Details
    • Value Estimation
      $705,000
      13,875 SF

      2410 Rice Blvd

      RETAIL STORES (PERSONAL SERVICES) • 13,875 SF
      2410 Rice Blvd, Houston, TX 77005-3203
      View Details
    • Value Estimation
      $1,110,000
      17,467 SF

      2424 Dunstan Rd

      RETAIL STORES (PERSONAL SERVICES) • 17,467 SF
      2424 Dunstan Rd, Houston, TX 77005-2565
      View Details
    • Value Estimation
      $655,000
      8,520 SF

      6207 Edloe St

      RETAIL STORES (PERSONAL SERVICES) • 8,520 SF
      6207 Edloe St, Houston, TX 77005-2819
      View Details
    • Value Estimation by Request
      1,444 SF

      3631 University Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,444 SF
      3631 University Blvd, Houston, TX 77005-3359
      View Details
    • Value Estimation by Request
      2,560 SF

      2415 Bissonnet St

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      2415 Bissonnet St, Houston, TX 77005-1459
      View Details

    Similar Nearby for Sale

    • $799,900
      Pending

      Commercial Zoned Duplex For Sale

      Commercial zoned duplex with excellent location and visibility.
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      Residential Lot in West University

      Prime lot in West University, ready for new construction.
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      Land Available on Bissonnet Street

      Land for sale on Bissonnet Street, Houston, Texas.
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      68 Acres Houston - Prime Location

      Commercial & Residential Land - Near I-45 & Hwy 6
      6006 Main St, Houston, TX 77005
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    • $799,900
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      Commercial Zoned Duplex For Sale

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    • Contact for pricing
      66,535 SF

      66,535 SF on 1.93 AC Office Building For Sale

      66,535 SF on 1.93 AC Office Building For Sale
      2400 Rice Blvd., 2400 Times Blvd., 2444 Times Blvd., Houston, TX 77005
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    Similar Nearby for Lease

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      Houston Fitness Center Space

      1752 SF Retail Space Available
      2500 Dunstan Rd, Houston, TX 77005
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    • Contact for pricing
      9,230 SF

      Retail Space Available For Lease

      9,230 square foot retail property for lease.
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      View Details
    • Contact for pricing
      2,812 SF

      Houston Office Space: Kelvin Drive

      Prime 2,812 SF Office/Retail Space in Houston, TX
      5407 Kelvin Dr, Houston, TX 77005
      View Details
    • Contact for pricing
      354,713 SF

      Weslayan Plaza Retail Space

      Houston Retail, Multiple Suites Available
      5586 Weslayan St, Houston, TX 77005
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    • Contact for pricing
      2,160 SF

      Warehouse-Style Building with Signage

      Warehouse-style building with roll-up doors and ample parking.
      2417 Bissonnet St, Houston, TX 77005
      View Details
    • Contact for pricing
      44,532 SF

      Houston Industrial Property - Bissonnet St

      Large Flex Space, 44,532 SF, 1.61 Acres
      3502 Bissonnet St, Houston, TX 77005
      View Details
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    Houston, TX 77005-1340
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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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