Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Retail space
2803 Old Spanish Trl Houston, TX 77054-2225
Individually Owned
17-yr Hold
Free & Clear
Property ID
US82-0299087
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
STEEL FRAME
Total area
8,199 SF
Lot
0.71 ac (30,923 SF)
APN
1270870010001
UPID
US82-0299087
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
-
Medical Center Plaza at Almeda Shopping Center & Mall
-
Le Donut Bakery Discount Store
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$1.03M
Owner & transaction history
Saroj Ince · 17 yrs held
Saroj Ince
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$830,000
+37.1%
Auto repair, garage
$765,000
+26.6%
Commercial (general)
$635,000
+5.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$830,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$765,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$635,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$125 / 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
$38,347
Tax year 2022
Assessed value
$2,061,871
Assessed 2024
Previous assessed
$1,903,238
+8.3% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,082,270
Assessed improvement
$979,601
Land market value
$1,082,270
Improvement market value
$979,601
Total market value
$2,061,871
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,199 SF
Lot
0.71 ac (30,923 SF)
APN
1270870010001
UPID
US82-0299087
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
RESTAURANT
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$635,000
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Saroj Ince
Individual
Free & Clear · 17 yrs held
Mailing address
PO BOX 940429, HOUSTON, TX 77094-7429
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Saroj INC
—
Deed
related
$4,400,000 · Wallis Bk
Jul 31, 2020
—
Saroj INC
—
Deed
related
$4,400,000 · Wallis Bk
Jul 22, 2020
—
Saroj INC
—
Deed
related
$500,000 · Wallis Bk
Dec 31, 2019
—
Manish Goel
—
Deed
related
$491,058 · Wallis St Bk
Sep 9, 2019
—
Saroj INC
—
Deed
related
$500,000 · Wallis St Bk
Nov 7, 2017
—
Saroj INC
—
Deed
related
$500,000 · Wallis St Bk
Jul 10, 2017
—
Saroj INC
—
Deed
related
$4,400,000 · Wallis St Bk
Jan 15, 2009
—
Saroj Ince
Bauersfeld Investments
Grant Deed
related
—
Apr 19, 2005
—
Nialar INC
Astrodome Medical Center Rents
Warranty Deed
$855,000 · Compass Bank
—
—
Saroj INC
—
Deed Of Trust
related
$1,882,500 · Texas Capital Bank NA
—
—
Saroj INC
—
Loan Modification
related
$500,000 · Wallis St Bk
—
—
Manish Goel
—
Loan Modification
related
$491,058 · Wallis St Bk
—
—
Saroj INC
—
Loan Modification
related
$500,000 · Wallis Bk
—
—
Saroj INC
—
Loan Modification
related
$4,400,000 · Wallis Bk
—
—
Saroj INC
—
Loan Modification
related
$500,000 · Wallis Bk
—
—
Saroj INC
—
Deed Of Trust
related
$4,400,000 · Wallis St Bk
—
—
Saroj INC
—
Deed Of Trust
related
$250,000 · Wallis St Bk
—
—
Saroj INC
—
Deed Of Trust
related
$500,000 · Wallis St Bk
—
—
Saroj INC
—
Deed Of Trust
related
$500,000 · Wallis St Bk
—
—
Saroj INC
—
Loan Modification
related
$4,400,000 · Wallis Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2803 Old Spanish Trl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
