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    Property profile & analytics

    308 Alexander Dr Baytown, TX 77520-5805

    • Drive through restaurants
    • 2,820 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0278853
    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

    • Hartz Chicken Buffet / Chicken Restaurant / Fast Food Restaurant

    Property Details for 308 Alexander Dr

    Year built
    1978
    Construction
    BRICK
    Lot size
    0.81 lot acres
    Property size
    2,820 SF
    Property type
    Drive through restaurants
    APN
    855200000001
    APU
    855200000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $389,000
      Market price range: $208k - $390k

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Harris
    State
    Texas
    Longitude
    -94.9575
    Latitude
    29.7304
    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
    $3,305
    $212,514
    $409,314
    $621,828
    -
    $212,514
    $409,314
    $621,828

    Comparable in this City

    • Value Estimation
      $320,000
      5,461 SF

      1906 Alexander Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,461 SF
      1906 Alexander Dr, Baytown, TX 77520-3405
      View Details
    • Value Estimation
      $145,000
      5,593 SF

      310 Alexander Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,593 SF
      310 Alexander Dr, Baytown, TX 77520-5805
      View Details
    • Value Estimation
      $270,000
      2,556 SF

      4226 Decker Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,556 SF
      4226 Decker Dr, Baytown, TX 77520-1640
      View Details
    • Value Estimation
      $255,000
      1,218 SF

      1301 Garth Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,218 SF
      1301 Garth Rd, Baytown, TX 77520-2403
      View Details
    • Value Estimation
      $300,000
      1,894 SF

      1931 Garth Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,894 SF
      1931 Garth Rd, Baytown, TX 77520-2468
      View Details
    • Value Estimation
      $250,000
      2,274 SF

      2915 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,274 SF
      2915 Market St, Baytown, TX 77520-6229
      View Details

    Similar Nearby for Sale

    • $499,000
      1,900 SF

      Baytown Restaurant - Turnkey Opportunity

      Established Restaurant, 1900 sq ft, High Traffic Area
      2915 Market St, Baytown, TX 77520
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    • $175,000
      2,900 SF

      Baytown Retail Space Opportunity

      Retail space for sale across from Baytown Town Square.
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    • $1,050,000
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      Baytown Shopping Center Investment

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      Baytown Automotive/Retail Opportunity

      Former auto dealer and heavy equipment rental property for sale.
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      15,879 SF

      Retail Property Near Lee College

      Multi-tenant retail property near Lee College in an Opportunity Zone.
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      1,900 SF

      Baytown Retail Property For Sale

      Retail property available for purchase in Baytown, Texas.
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    Similar Nearby for Lease

    • $0.80 SF/Yr
      2,650 SF

      Retail Space in Baytown, TX

      Retail space available for lease in Baytown, Texas.
      4112 Decker Dr, Baytown, TX 77520
      View Details
    • $6 SF/Yr
      10,000 SF

      Retail Space on Hard Corner

      Retail space on corner of Spur 330 and Baker Rd.
      4401 Decker Dr, Baytown, TX 77520
      View Details
    • $4,000 /Mo
      1,500 SF

      Retail Space For Rent

      Retail space available for lease in Baytown, TX.
      706 Alexander Dr, Baytown, TX 77520
      View Details
    • Contact for pricing
      8,000 SF

      Baytown Retail Center - 8,000 SF Available

      High-traffic retail space, Baytown, TX. Excellent visibility.
      0 Swc Sh 146 & Tompkins Dr, Baytown, TX 77520
      View Details
    • Contact for pricing
      2,085,960 SF

      Ameriport Industrial Park Lease

      Baytown, TX: Industrial space available
      1414 Grand Pkwy & FM 565, Baytown, TX 77520
      View Details
    • Contact for pricing

      Baytown Commercial Land - 3.46 Acres

      Prime Baytown industrial/commercial land. Excellent investment opportunity.
      0 Decker Dr, Baytown, TX 77520
      View Details
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    308 Alexander Dr
    Baytown, TX 77520-5805
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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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