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

    3619 Old Spanish Trl Houston, TX 77021-2204

    • Drive through restaurants
    • 2,469 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3748262
    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

    • KFC / Chicken Restaurant / Fast Food Restaurant

    Property Details for 3619 Old Spanish Trl

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    0.38 lot acres
    Property size
    2,469 SF
    Property type
    Drive through restaurants
    APN
    450640000364
    APU
    450640000364

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $403,000
      Market price range: $223k - $425k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $335,000
      Current use
      COMMERCIAL (GENERAL)
      $365,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $335,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3628
    Latitude
    29.7024
    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
    $13,634
    $415,900
    $351,386
    $767,286
    -
    $415,900
    $351,386
    $767,286

    Comparable in this City

    • Value Estimation
      $240,000
      1,248 SF

      6655 Ardmore St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,248 SF
      6655 Ardmore St, Houston, TX 77021-2108
      View Details
    • Value Estimation
      $595,000
      4,216 SF

      3820 Old Spanish Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,216 SF
      3820 Old Spanish Trl, Houston, TX 77021-1329
      View Details
    • Value Estimation
      $220,000
      1,620 SF

      4565 Griggs Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,620 SF
      4565 Griggs Rd, Houston, TX 77021-2817
      View Details
    • Value Estimation
      $340,000
      1,974 SF

      3207 Old Spanish Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,974 SF
      3207 Old Spanish Trl, Houston, TX 77021-2122
      View Details
    • Value Estimation
      $585,000
      4,179 SF

      3626 Old Spanish Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,179 SF
      3626 Old Spanish Trl, Houston, TX 77021-2205
      View Details
    • Value Estimation
      $535,000
      3,702 SF

      3624 Old Spanish Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,702 SF
      3624 Old Spanish Trl, Houston, TX 77021-2205
      View Details

    Similar Nearby for Sale

    • $2,850,000
      1.00 Acre

      Houston Retail Portfolio: Prime Dixie Drive Location

      High-yield retail investment opportunity in Houston, TX.
      3343 Dixie Dr, Houston, TX 77021
      View Details
    • $2,600,000
      32,740 SF

      Corner Lot with Mixed-Use Potential

      32,740 SF corner lot near major Houston landmarks.
      6524 Del Rio St, Houston, TX 77021
      View Details
    • $154,000

      Inner-Loop Land Near Medical Center

      Land near Texas Medical Center, UH, TSU, and Downtown Houston.
      4902 Marietta Ln, Houston, TX 77021
      View Details
    • $60,000

      Residential Lot in Houston

      Prime 1,425 sq ft residential lot near downtown Houston.
      4510 Ward St, Houston, TX 77021
      View Details
    • $225,000

      Land Parcel Near Highway 288

      Land parcel suitable for investment or development near Highway 288.
      3339 Kilgore St, Houston, TX 77021
      View Details
    • $619,900

      New Duplex in Inner Loop

      New duplex in prime location, ideal for owner-occupancy.
      3438 Rebecca St, Houston, TX 77021
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      10,000 SF

      Houston Auto Sales Complex

      Large Auto Sales Facility, 144k SF Available
      6522 Cullen Blvd, Houston, TX 77021
      View Details
    • $28 SF/Yr
      1,850 SF

      Retail Space on Old Spanish Trail

      Retail space available for lease in Houston, Texas.
      3636 Old Spanish Trl, Houston, TX 77021
      View Details
    • Contact for pricing
      2,017 SF

      Retail/Flex Space Available For Rent

      Retail/flex space with private restroom and glass storefront.
      7505-7563 South Fwy, Houston, TX 77021
      View Details
    • $10 SF/Yr
      18,381 SF

      Houston Medical & Creative Office Space

      Prime Houston location, two suites available.
      6102 Scott St, Houston, TX 77021
      View Details
    • $19 SF/Yr
      1,200 SF

      Retail Space on Old Spanish Trail

      Retail space available for lease on Old Spanish Trail.
      3922 Old Spanish Trl, Houston, TX 77021
      View Details
    • $15 SF/Yr
      276,000 SF

      Village at Palm Center Office Suites

      Houston, TX Office Space Available
      5110 Griggs Rd, Houston, TX 77021
      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.
    3619 Old Spanish Trl
    Houston, TX 77021-2204
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.