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

    3817 Jeanetta St Houston, TX 77063

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3676635
    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

    • Commercial real estate

    Property Details for 3817 Jeanetta St

    Property type
    Commercial real estate

    Description

    This exceptional 0.24-acre commercial lot, located at 3817 Jeanetta St in Houston, Texas, presents a remarkable opportunity for astute investors and entrepreneurs. Priced at $500,000, this property boasts a highly desirable location within Harris County, zip code 77063. The lot's strategic positioning offers excellent visibility and accessibility, enhanced by the inclusion of two convenient curb cuts. This feature significantly simplifies the logistical aspects of construction and future business operations. The expansive space is perfectly suited for the construction of a new commercial building, allowing for the creation of a bespoke structure tailored to specific business needs. The property's zoning (not specified in the provided information) should be verified independently to ensure compliance with intended development plans. Given its prime location and the potential for significant return on investment, this lot represents a rare opportunity to establish a thriving business in a vibrant and growing area of Houston. The coordinates are 29.7230527 latitude and -95.5248785 longitude. Serious inquiries are encouraged to explore this exceptional commercial land opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5248785
    Latitude
    29.7230527

    Comparable in this City

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    Similar Nearby for Sale

    • $170,000

      Land For Sale

      Land available for sale.
      4001 Tanglewilde St, Houston, TX 77063
      View Details
    • $625,000

      Galleria Area Commercial Land

      Prime Houston location, 12,625 sqft
      3506 Dunvale Rd, Houston, TX 77063
      View Details
    • $800,000

      Prime Corner Lot Opportunity

      Corner lot near Galleria, ideal for automotive businesses.
      9221 Monsey Dr, Houston, TX 77063
      View Details
    • $445,000

      Vacant Land in Houston, TX

      Vacant land opportunity in Houston, TX, for custom construction.
      9102 Richmond Ave, Houston, TX 77063
      View Details
    • $299,000

      Residential Land Near Galleria Area

      Two lots totaling 10,000 sq ft near Galleria area.
      9226 Clarkcrest St, Houston, TX 77063
      View Details
    • $320,000

      Westheimer/Richmond Area Rectangular Lot

      Prime rectangular lot in a sought-after Houston location.
      Rasmus Dr, Houston, TX 77063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,934 SF

      Prime Corner Land for Lease

      High-visibility corner lot in established Houston commercial corridor.
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    • $56 SF/Yr
      14,135 SF

      Corner Lot Near Galleria

      Corner lot near Galleria, ideal for auto-related businesses.
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      153,189 SF

      Prime Houston Office Space

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    3817 Jeanetta St
    Houston, TX 77063
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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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