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    Property profile & analytics

    3356 Scott St Houston, TX 77004-3611

    • Drive through restaurants
    • 2,128 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5907995
    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

    • Taco Bell / Taco Restaurant / Vegetarian Restaurant

    Property Details for 3356 Scott St

    Year built
    2013
    Construction
    BRICK
    Lot size
    0.58 lot acres
    Property size
    2,128 SF
    Property type
    Drive through restaurants
    APN
    1339320010001
    APU
    1339320010001

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 2,128-square-foot, Class A Taco Bell restaurant in Houston, Texas. Located at 3356 Scott St, Houston, TX 77004, this single-tenant property boasts a strong 5.85% cap rate and a substantial net operating income (NOI) of $82,280. The property sits on a 0.62-acre lot and benefits from a 20-year net lease, commencing April 24, 2013, and expiring April 24, 2033, with four 5-year renewal options. The lease includes 10% rental rate increases every five years, ensuring consistent income growth. The tenant, Taco Bell, is responsible for all property taxes, insurance, and capital expenditures, providing a truly passive investment experience. Built in 2013, this strategically located property is situated across from the University of Houston campus and just over a mile from Texas Southern University, benefiting from a high-traffic area and a large consumer base. The 5-mile population is 466,151, with a projected 4.01% growth, and the average household income within a 3-mile radius is $81,437. The property's permitted zoning is commercial. This is an ideal opportunity for investors seeking a low-management, high-return investment with significant long-term potential. The asking price is $1,406,495, representing a price per square foot of $660.95. The property is currently 100% occupied, with the occupancy date being April 25, 2013.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $366,000
      Market price range: $196k - $366k

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3506
    Latitude
    29.7262
    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
    $31,125
    $757,290
    $809,864
    $1,567,154
    -
    $757,290
    $809,864
    $1,567,154

    Comparable in this City

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      DRIVE-THRU RESTAURANT, FAST FOOD • 3,344 SF
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    • Value Estimation
      $405,000
      2,564 SF

      2324 Scott St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,564 SF
      2324 Scott St, Houston, TX 77004
      View Details
    • Value Estimation
      $295,000
      1,713 SF

      3201 Emancipation Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,713 SF
      3201 Emancipation Ave, Houston, TX 77004-3111
      View Details
    • Value Estimation
      $250,000
      1,865 SF

      3506 Scott St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,865 SF
      3506 Scott St, Houston, TX 77004-4743
      View Details
    • Value Estimation
      $235,000
      1,708 SF

      4420 Emancipation Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,708 SF
      4420 Emancipation Ave, Houston, TX 77004
      View Details
    • Value Estimation
      $360,000
      2,062 SF

      4320 Almeda Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,062 SF
      4320 Almeda Rd, Houston, TX 77004-4811
      View Details

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    3356 Scott St
    Houston, TX 77004-3611
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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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