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    Property profile & analytics

    3303 Sage Rd Houston, TX 77056-7007

    • Bars & Pubs
    • 26,346 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4657560
    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

    • The Men's Club of Houston / Restaurant
    • Texas Richmond Corporation / Corporate Office / Business Park
    • 3303 Sage Rd Parking / Parking Lot & Garage
    • Cardtronics ATM / Atm

    Property Details for 3303 Sage Rd

    Year built
    1967
    Construction
    CONCRETE BLOCKS
    Lot size
    2.00 lot acres
    Property size
    26,346 SF
    Property type
    Bars & Pubs
    APN
    451400060009
    APU
    451400060009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NIGHTCLUB (COCKTAIL LOUNGE)
      $1,125,000
      Current use
      WAREHOUSE, STORAGE
      $1,290,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,265,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4661
    Latitude
    29.7335
    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
    $155,050
    $6,969,600
    $604,461
    $7,574,061
    -
    $6,969,600
    $604,461
    $7,574,061

    Comparable in this City

    • Value Estimation
      $695,000
      18,520 SF

      5647 Westheimer Rd

      NIGHTCLUB (COCKTAIL LOUNGE) • 18,520 SF
      5647 Westheimer Rd, Houston, TX 77056-4001
      View Details
    • Value Estimation
      $735,000
      8,192 SF

      3100 Chimney Rock Rd

      RESTAURANT • 8,192 SF
      3100 Chimney Rock Rd, Houston, TX 77056-6284
      View Details
    • Value Estimation
      $980,000
      9,967 SF

      1605 Post Oak Blvd

      RESTAURANT • 9,967 SF
      1605 Post Oak Blvd, Houston, TX 77056-2902
      View Details
    • Value Estimation by Request
      1,036 SF

      3161 Chimney Rock Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,036 SF
      3161 Chimney Rock Rd, Houston, TX 77056-6237
      View Details
    • Value Estimation
      $525,000
      4,359 SF

      1405 Post Oak Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,359 SF
      1405 Post Oak Blvd, Houston, TX 77056-3001
      View Details
    • Value Estimation
      $755,000
      7,480 SF

      4747 San Felipe St

      RESTAURANT • 7,480 SF
      4747 San Felipe St, Houston, TX 77056-3905
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Westheimer Rd Mixed-Use Redevelopment

      Prime Galleria Area, High-Traffic Location
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      Residence Inn Houston by Galleria

      146-room hotel available for purchase in Houston, Texas.
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      1.00 Acre

      Galleria Area Redevelopment Site

      Prime 1-Acre Houston Land, Endless Potential
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      1,095 SF

      Uptown High-Rise Living

      Two-bedroom corner unit with views and amenities in Uptown Houston.
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      2.62 Acres

      Galleria Area Commercial Land

      2.62 Acres, Prime Houston Location
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      St George Land Opportunity

      Land for sale in St George neighborhood, Houston.
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    Similar Nearby for Lease

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      184,040 SF

      Prime Houston Retail Space

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    • Contact for pricing
      89,822 SF

      Richmond Square Retail Center

      Houston Galleria Area Retail Space
      0 Richmond Ave & Interstate 610, Houston, TX 77056
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      500,000 SF

      Houston Office Space for Lease

      Prestigious Houston office space, multiple suites available
      5120 Woodway Dr, Houston, TX 77056
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    • Contact for pricing
      184,040 SF

      Post Oak Retail Center - Houston

      Prime Houston retail space available.
      0 Westheimer Rd. & Post Oak Blvd, Houston, TX 77056
      View Details
    • $16 SF/Yr
      4,943 SF

      Office Space with Renovations

      Office space for rent with ongoing extensive renovations.
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      View Details
    • Contact for pricing

      5444 Westheimer

      Flexible workspace in Hamilton Avenue
      5444 Westheimer Ave, Houston, TX 77056
      View Details
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    3303 Sage Rd
    Houston, TX 77056-7007
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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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