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    Property profile & analytics

    3302 Telephone Rd Houston, TX 77023-5402

    • Retail space
    • 3,997 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3159043
    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

    • Retail space

    Property Details for 3302 Telephone Rd

    Year built
    1955
    Construction
    CONCRETE BLOCKS
    Lot size
    0.12 lot acres
    Property size
    3,997 SF
    Property type
    Retail space
    APN
    410070350082
    APU
    410070350082

    Description

    This vacant, 3,392 square foot storefront, located at 3302 Telephone Road in Houston, Texas, presents a compelling redevelopment opportunity. Built in 1955, this Class D property sits on a 5,266 square foot lot (APN: 041-007-035-0082) and is zoned for commercial use. The single-story building offers excellent visibility and accessibility, situated in a high-traffic area with proximity to major highways, including I-45 and Loop 610. The property's location within Houston's rapidly growing East End, surrounded by ongoing residential and commercial development, suggests significant potential for value appreciation. Its versatility allows for various uses, including retail, office, or mixed-use development, catering to a wide range of investors and business owners. The asking price is $350,000. This prime location, coupled with the current market trends, makes this a strong value-add investment with considerable upside potential. The property is currently vacant, providing a blank canvas for future development and customization to meet specific business needs. This presents a unique chance to capitalize on the burgeoning growth in this dynamic Houston neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3156
    Latitude
    29.7116
    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
    $5,349
    $21,064
    $259,460
    $280,524
    -
    $21,064
    $259,460
    $280,524

    Comparable in this City

    • Value Estimation
      $1,225,000
      10,081 SF

      2421 Wayside Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,081 SF
      2421 Wayside Dr, Houston, TX 77023-5318
      View Details
    • Value Estimation by Request
      2,159 SF

      2701 Telephone Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,159 SF
      2701 Telephone Rd, Houston, TX 77023-5206
      View Details
    • Value Estimation
      $575,000
      7,385 SF

      412 Telephone Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,385 SF
      412 Telephone Rd, Houston, TX 77023-1840
      View Details
    • Value Estimation by Request
      4,939 SF

      7140 Lawndale St

      RETAIL STORES (PERSONAL SERVICES) • 4,939 SF
      7140 Lawndale St, Houston, TX 77023-4213
      View Details
    • Value Estimation by Request
      9,083 SF

      6199 Griggs Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,083 SF
      6199 Griggs Rd, Houston, TX 77023-6022
      View Details
    • Value Estimation
      $870,000
      6,900 SF

      1721 Telephone Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,900 SF
      1721 Telephone Rd, Houston, TX 77023-3714
      View Details

    Similar Nearby for Sale

    • $1,000,000
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      East End Mixed-Use Building

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    Similar Nearby for Lease

    • Contact for pricing
      8,914 SF

      Endcap Retail Space Available

      Retail space with excellent visibility, estimated completion in Q2/Q3 2026.
      1001 N Wayside Dr, Houston, TX 77023
      View Details
    • $43 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      7049-7061 Lawndale St, Houston, TX 77023
      View Details
    • $32 SF/Yr
      8,729 SF

      Retail/Office Redevelopment on Gulf Freeway

      Retail and office spaces available in a redeveloped mixed-use center.
      5815 Gulf Fwy, Houston, TX 77023
      View Details
    • Contact for pricing
      101,707 SF

      Showroom/Warehouse Space Available

      82,593 SF showroom/warehouse available immediately, additional space in 2025.
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      View Details
    • $32 SF/Yr
      56,178 SF

      South Gulf Plaza: Prime Houston Space

      High-traffic mixed-use center; office & warehouse space.
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    • Contact for pricing
      50,766 SF

      Prime Houston Executive Office Space

      I-45 & Cullen: Modern executive suites available.
      0 I-45 & Cullen, Houston, TX 77023
      View Details
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    3302 Telephone Rd
    Houston, TX 77023-5402
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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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