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

    2846 Mt Houston Rd Houston, TX 77038-3305

    • Retail space
    • 7,697 SF
    OFF-MARKET
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4624340
    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

    • Condado's Appliances / Home Goods Store / Vacuum Cleaner Store

    Property Details for 2846 Mt Houston Rd

    Year built
    1950
    Construction
    BRICK
    Property size
    7,697 SF
    Property type
    Retail space
    APN
    621960000143
    APU
    621960000143

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $330,000
      Current use
      OFFICE BUILDING
      $535,000
      Change: +62% Conversion: Easy
      MEDICAL BUILDING
      $490,000
      Change: +48% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $480,000
      Change: +45% Conversion: Difficult
      WAREHOUSE, STORAGE
      $305,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4585
    Latitude
    29.898
    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
    $259
    $0.00
    $32,130
    $32,130
    -
    $0.00
    $32,130
    $32,130

    Comparable in this City

    • Value Estimation
      $315,000
      4,919 SF

      213 Ww Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,919 SF
      213 Ww Rd, Houston, TX 77038-2601
      View Details
    • Value Estimation
      $255,000
      2,040 SF

      739 Mt Houston Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      739 Mt Houston Rd, Houston, TX 77038-3905
      View Details
    • Value Estimation
      $210,000
      5,360 SF

      9904 Deer Trl Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,360 SF
      9904 Deer Trl Dr, Houston, TX 77038-3102
      View Details
    • Value Estimation
      $290,000
      3,347 SF

      10301 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,347 SF
      10301 Veterans Memorial Dr, Houston, TX 77038-1781
      View Details
    • Value Estimation
      $315,000
      8,000 SF

      10425 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      10425 Veterans Memorial Dr, Houston, TX 77038-1501
      View Details
    • Value Estimation
      $310,000
      5,110 SF

      10465 Veterans Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,110 SF
      10465 Veterans Memorial Dr, Houston, TX 77038-1501
      View Details

    Similar Nearby for Sale

    • $3,700,000
      24,300 SF

      Houston Auto Shop & Warehouse

      Prime location, high traffic, owner financing.
      10070 Veterans Memorial Dr, Houston, TX 77038
      View Details
    • $3,700,000
      23,750 SF

      Houston Auto Shop Investment Opportunity

      New auto shop near Jersey Village with high traffic frontage.
      10070 Veterans Memorial Dr, Houston, TX 77038
      View Details
    • Contact for pricing

      Paved Lot with Secure Perimeter

      Paved parking lot with fencing and electric gates.
      2110 Aldine Western Rd, Houston, TX 77038
      View Details
    • $350,000

      Prime Unrestricted Land For Sale

      43,212 sf lot at high-traffic intersection.
      Veterans Memorial Rd, Houston, TX 77038
      View Details
    • Contact for pricing
      92,000 SF

      Industrial Property on 4.06 Acres

      92,000 square foot industrial property available for immediate occupancy.
      2511 Mount Houston Rd, Houston, TX 77038
      View Details
    • $3,348,022

      Commercial Land with Frontage

      Land with frontage on West Rd, near I-45.
      700 West Rd, Houston, TX 77038
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,800 SF

      Retail Space on Veterans Memorial

      Retail space available for lease on Veterans Memorial Drive.
      11243 Veterans Memorial Dr, Houston, TX 77038
      View Details
    • Contact for pricing
      53,579 SF

      Highway 249 Prime Pad Site

      High-traffic corner lot, ideal for QSR or gas station.
      2323 Mount Houston Rd, Houston, TX 77038
      View Details
    • Contact for pricing
      282,190 SF

      Beltway 8 Frontage Warehouse

      Warehouse with high visibility and convenient highway access.
      10909 Greens Crossing Blvd, Houston, TX 77038
      View Details
    • Contact for pricing
      21,276 SF

      Northwest Houston Office/Warehouse Space

      21,276 SF office/warehouse on 1.31 AC fronting Beltway 8.
      3367 N Sam Houston Pkwy W, Houston, TX 77038
      View Details
    • Contact for pricing
      10,000 SF

      Houston Industrial Space For Lease

      10,000 SF industrial space available for rent in Houston.
      1401 N Sam Houston Pkwy W, Houston, TX 77038
      View Details
    • Contact for pricing
      116,355 SF

      Pinto Business Park I Warehouses

      Three free-standing buildings totaling 116,355 SF, Q2 2026 Delivery.
      810-850 Fallbrook Dr, Houston, TX 77038
      View Details
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    2846 Mt Houston Rd
    Houston, TX 77038-3305
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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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