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

    3701 Main St Houston, TX 77009-5427

    • Turn key restaurants
    • 2,140 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3854959
    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

    • Sabino Crystal Co / Antique Store
    • Cantina Barba / Bar & Grill / Mexican Restaurant
    • Chinook / Coffee Stand
    • Mijo / Cocktail Bar
    • Richard's Antiques Inc / Antique Store

    Property Details for 3701 Main St

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    2,140 SF
    Property type
    Turn key restaurants
    APN
    282720000005
    APU
    282720000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $255,000
      Market price range: $157k - $329k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $245,000
      Current use
      COMMERCIAL (GENERAL)
      $450,000
      Change: +86% Conversion: Easy
      AUTO REPAIR, GARAGE
      $285,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $220,000
      Change: -10% Conversion: Moderate
      RETAIL STORES
      $215,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3734
    Latitude
    29.7908
    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
    $11,633
    $477,375
    $208,417
    $685,792
    -
    $477,375
    $208,417
    $685,792

    Comparable in this City

    • Value Estimation
      $280,000
      3,553 SF

      1002 Hogan St

      RESTAURANT • 3,553 SF
      1002 Hogan St, Houston, TX 77009-8638
      View Details
    • Value Estimation
      $365,000
      2,678 SF

      4706 Main St

      RESTAURANT • 2,678 SF
      4706 Main St, Houston, TX 77009-4411
      View Details
    • Value Estimation
      $230,000
      2,742 SF

      311 Patton St

      RESTAURANT • 2,742 SF
      311 Patton St, Houston, TX 77009-3917
      View Details
    • Value Estimation
      $215,000
      2,377 SF

      2609 Elysian St

      RESTAURANT • 2,377 SF
      2609 Elysian St, Houston, TX 77009-7005
      View Details
    • Value Estimation
      $235,000
      1,775 SF

      811 Collingsworth St

      RESTAURANT • 1,775 SF
      811 Collingsworth St, Houston, TX 77009-4827
      View Details
    • Value Estimation
      $240,000
      2,550 SF

      609 Hogan St

      RESTAURANT • 2,550 SF
      609 Hogan St, Houston, TX 77009-8336
      View Details

    Similar Nearby for Sale

    • $1,695,000
      3,880 SF

      Turnkey Brewery and Tap Room

      3,880 SF brewery and tap room on 10,000 SF land.
      1125 W Cavalcade St, Houston, TX 77009
      View Details
    • Contact for pricing
      3,749 SF

      Houston Industrial Bar/Warehouse

      Prime location, fully equipped, high potential.
      1125 Cavalcade St, Houston, TX 77009
      View Details
    • $2,250,000
      7,200 SF

      Restaurant and Retail Spaces Available

      Restaurant and retail spaces for sale in growing neighborhood.
      5902 Fulton St, Houston, TX 77009
      View Details
    • $335,000
      5,256 SF

      Commercial Corner Lot For Sale

      Corner lot with frontage on N 45 Freeway.
      2834 North Fwy, Houston, TX 77009
      View Details
    • $475,000

      Corner Property Suited for Parking

      Corner property, potential parking area, near Metro line.
      4701 Fulton St, Houston, TX 77009
      View Details
    • $168,000

      Versatile Lot in Transitional Neighborhood

      5,000 sq ft lot with development potential.
      2114 Terry St, Houston, TX 77009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,742 SF

      Prime Houston Retail Space

      Restaurant space, ±4,742 SF, high traffic area
      4721 Main St, Houston, TX 77009
      View Details
    • Contact for pricing
      1,248 SF

      Retail Space Available For Rent

      Retail space available for rent in Houston, TX.
      2645 N Main St, Houston, TX 77009
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Houston Center

      1500 SF retail space in established Houston neighborhood.
      1117 Collingsworth St, Houston, TX 77009
      View Details
    • $8 SF/Yr
      25,862 SF

      Gated Parking and Showroom Space

      31,000 SF gated parking with showroom and office space.
      2500 North Fwy, Houston, TX 77009
      View Details
    • Contact for pricing
      9,957 SF

      Houston Main Street Office Space

      Prime Houston Retail Office Building, 14 Suites Available
      6300 Main St, Houston, TX 77009
      View Details
    • $14 SF/Yr
      4,352 SF

      Houston Office Space For Rent

      4,352 square feet of office space available for lease.
      3517 Irvington Blvd, Houston, TX 77009
      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.
    3701 Main St
    Houston, TX 77009-5427
    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.