Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    35515 Hwy 290th Byp, Unit 147 Waller, TX 77484-2137

    • Gas stations
    • 29,248 SF
    • 21.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4990474
    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

    • Gas stations

    Property Details for 35515 Hwy 290th Byp

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    21.16 lot acres
    Property size
    29,248 SF
    Property type
    Gas stations
    APN
    1402990010001
    APU
    1402990010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $2,230,000
      Current use
      RESTAURANT
      $2,855,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,645,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $2,110,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $1,925,000
      Change: -14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,805,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.8758
    Latitude
    30.0442
    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
    $60,211
    $3,750,418
    $6,132,206
    $9,882,624
    -
    $3,750,418
    $6,132,206
    $9,882,624

    Comparable in this City

    • Value Estimation by Request
      3,920 SF

      28006 Waller Tomball Rd

      GAS STATION • 3,920 SF
      28006 Waller Tomball Rd, Waller, TX 77484
      View Details
    • Value Estimation by Request
      1,920 SF

      39902 Hwy 290th Business

      GAS STATION • 1,920 SF
      39902 Hwy 290th Business, Waller, TX 77484-7963
      View Details
    • Value Estimation by Request
      1,962 SF

      1917 Mls St

      CAR WASH - SELF-SERVE • 1,962 SF
      1917 Mls St, Waller, TX 77484-5417
      View Details
    • Value Estimation
      $2,070,000
      46,096 SF

      20103 Stokes Rd

      AUTO REPAIR, GARAGE • 46,096 SF
      20103 Stokes Rd, Waller, TX 77484-8725
      View Details
    • Value Estimation by Request
      1,350 SF

      19727 Stokes Rd

      AUTO REPAIR, GARAGE • 1,350 SF
      19727 Stokes Rd, Waller, TX 77484-7323
      View Details
    • Value Estimation by Request
      4,250 SF

      40310 Hwy 290th Business

      AUTO REPAIR, GARAGE • 4,250 SF
      40310 Hwy 290th Business, Waller, TX 77484-9367
      View Details

    Similar Nearby for Sale

    • $2,475,000
      11,250 SF

      Waller Storefront: Prime Retail Investment

      High-yield retail building, excellent location.
      2302 Main St, Waller, TX 77484
      View Details
    • $2,475,000
      11,250 SF

      Refurbished Waller Building with Expansion Potential

      Multi-purpose property in downtown Waller with immediate cash flow.
      2302 Main St, Waller, TX 77484
      View Details
    • $6,000,000
      40.00 Acres

      Prime Waller County Land - 40 Acres

      Agricultural & Industrial Land - Excellent Development Potential
      0 Binford Rd, Waller, TX 77484
      View Details
    • Contact for pricing
      10.07 Acres

      Waller County Commercial Land

      ±28 Acres, Divisible, Prime Location
      29609 Fm 1488 Rd, Waller, TX 77484
      View Details
    • Contact for pricing
      13.78 Acres

      Waller, TX Commercial Land

      13.78 Acres, Prime Development Site
      0 Fm 2920 Rd, Waller, TX 77484
      View Details
    • $1,150,000
      4.00 Acres

      Waller, TX Commercial Land - $1.15M

      Income-producing 4-acre tree farm on FM 2920.
      28750 Farm To Market 2920, Waller, TX 77484
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      5,709 SF

      New Retail Space Available

      Premium retail suite with open layout in high-traffic area.
      2406 Main St, Waller, TX 77484
      View Details
    • $1.75 SF/Yr
      2,806 SF

      Spacious Retail Unit For Lease

      2,806 sq ft retail space with open floor plan.
      31390 Fm 2920 Rd, Waller, TX 77484
      View Details
    • Contact for pricing
      5,495 SF

      Warehouse with Fenced Outside Yard

      5,495 SF warehouse with yard, access to major highways.
      41212 Park 290 Dr, Waller, TX 77484
      View Details
    • $1.15 SF/Yr
      477 SF

      Office Space For Rent

      Office space with open floor plan available for lease.
      2313 Main St, Waller, TX 77484
      View Details
    • $809 /Mo

      Waller Apartment For Rent

      Apartment available for rent in Waller, Texas.
      3025 Waller St, Waller, TX 77484
      View Details
    • Contact for pricing
      20,525 SF

      Executive Office/Warehouse Space in Waller, TX

      Modern Office & Warehouse, 20,525 SF Available
      41212 Park 290 Dr, Waller, TX 77484
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    35515 Hwy 290th Byp, Unit 147
    Waller, TX 77484-2137
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.