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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3811 Center St Deer Park, TX 77536

    • Strip malls
    • 10,804 SF
    • 1.07 lot acres
    For Lease
    View listing
    Value Estimations
    $520,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9244518
    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

    • Sun Dental Group / Dental Clinic / Cosmetic Dentist
    • AT&T Store / Telecommunications Service Provider / Cell Phone Store
    • Garage Door Deer Park / General Contractor
    • R & O Gutter Installation & Cleaning / Gutter Cleaning Service
    • Spud Shack / Restaurant

    Property Details for 3811 Center St

    Year built
    2011
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.07 lot acres
    Property size
    10,804 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1353090010003
    APU
    1353090010003

    Description

    This exceptional retail opportunity presents itself at Shoppes at Town Square III, a Harris County shopping center offering two vacant suites for lease. The property boasts a total of 2,727 square feet, with each suite independently sizable. One suite offers a minimum of 1,240 square feet, while the maximum contiguous space available is 1,487 square feet. This presents a flexible leasing option for businesses seeking a variety of footprints. The entire shopping center is currently available for lease, providing a unique chance for a single tenant to occupy the entire space or for two separate businesses to establish themselves in a vibrant retail environment. The property is classified as a multi-tenant retail space, indicating a potential for synergistic business relationships within the center. The property's location in Harris County offers access to a substantial customer base and benefits from existing infrastructure and local amenities. This is an ideal location for businesses seeking high visibility and convenient access for their customers. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $416,000
      Market price range: $201k - $417k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $810,000
      MEDICAL BUILDING
      $710,000
      APARTMENT HOUSE (5+ UNITS)
      $665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Harris
    State
    Texas
    Longitude
    -95.1227
    Latitude
    29.6761
    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
    $46,645
    $651,434
    $1,937,883
    $2,589,317
    -
    $651,434
    $1,937,883
    $2,589,317

    Comparable in this City

    • Value Estimation
      $615,000
      16,476 SF

      3601 Ctr St

      SHOPPING CENTER, STRIP CENTER • 16,476 SF
      3601 Ctr St, Deer Park, TX 77536-6541
      View Details
    • Value Estimation
      $515,000
      11,820 SF

      3709 Ctr St

      SHOPPING CENTER, STRIP CENTER • 11,820 SF
      3709 Ctr St, Deer Park, TX 77536-6576
      View Details
    • Value Estimation by Request
      9,192 SF

      3810 Ctr St

      SHOPPING CENTER, STRIP CENTER • 9,192 SF
      3810 Ctr St, Deer Park, TX 77536-6106
      View Details
    • Value Estimation
      $1,325,000
      81,354 SF

      1701 Ctr St

      SHOPPING CENTER, STRIP CENTER • 81,354 SF
      1701 Ctr St, Deer Park, TX 77536-3509
      View Details
    • Value Estimation by Request
      17,400 SF

      1609 Ctr St

      SHOPPING CENTER, STRIP CENTER • 17,400 SF
      1609 Ctr St, Deer Park, TX 77536-3507
      View Details
    • Value Estimation
      $1,230,000
      38,698 SF

      3302 Ctr St

      SHOPPING CENTER, STRIP CENTER • 38,698 SF
      3302 Ctr St, Deer Park, TX 77536-5058
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,800 SF

      Deer Park Retail Investment

      6.65% Cap Rate, Net Lease
      3702 Center St, Deer Park, TX 77536
      View Details
    • Contact for pricing
      6,120 SF

      Deer Park Auto Shop Investment

      6,120 SF Auto Shop, Tenant in Place
      4840 Center St, Deer Park, TX 77536
      View Details
    • $450,000
      26,135 SF

      Commercial Land For Sale

      Commercial land with high visibility and city utilities.
      Center St, Deer Park, TX 77536
      View Details
    • $845,000
      1.85 Acres

      Deer Park Commercial Land

      1.85 Acres, Prime Location, $845,000
      4501 Center St, Deer Park, TX 77536
      View Details
    • Contact for pricing

      Commercial Land for Sale

      Land suitable for retail, QSR, or car wash.
      East Blvd, Deer Park, TX 77536
      View Details
    • $2,500,000

      Prime Commercial Land in Deer Park

      7.12 acres of commercial land near major transportation routes.
      X St, Deer Park, TX 77536
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,727 SF

      Shoppes at Town Square III Retail Space

      Harris County retail space; two suites available.
      3811 Center St, Deer Park, TX 77536
      View Details
    • Contact for pricing
      14,600 SF

      Deer Park Retail Center Investment

      High-traffic retail strip center in Deer Park, TX
      0 Nec Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    • Contact for pricing
      18,765 SF

      Deer Park Retail Space Available

      High-traffic retail space in Deer Park, TX.
      0 Nwc Spencer Hwy & Blvd, Deer Park, TX 77536
      View Details
    • $19 SF/Yr
      2,000 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, TX.
      4902-5034 Luella Ave, Deer Park, TX 77536
      View Details
    • $26 SF/Yr
      7,080 SF

      Deer Park Plaza: Office Space Available

      Modern Deer Park Office, 1,500 SF Available
      3401 East Blvd, Deer Park, TX 77536
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space Near H-E-B

      Retail space available in new building near major retailers.
      4701 East Blvd, Deer Park, TX 77536
      View Details
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    3811 Center St
    Deer Park, TX 77536
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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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