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

    4303 Charriton Dr, Unit 1 Houston, TX 77039-4707

    • Retail space
    • 4,752 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3597738
    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

    • Tex-Mex Food Store / Grocery Store
    • BTM Machines Bitcoin ATM / Crypto Atm / Atm
    • ATM (ATM Link, Inc.) / Atm

    Property Details for 4303 Charriton Dr

    Year built
    1974
    Construction
    WOOD FRAME
    Lot size
    0.44 lot acres
    Property size
    4,752 SF
    Property type
    Retail space
    APN
    1021690000160
    APU
    1021690000160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $225,000
      Market price range: $209k - $588k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $400,000
      Current use
      OFFICE BUILDING
      $330,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3312
    Latitude
    29.9057
    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
    $3,348
    $154,168
    $242,914
    $397,082
    -
    $154,168
    $242,914
    $397,082

    Comparable in this City

    • Value Estimation
      $285,000
      6,792 SF

      4535 Aldine Mail Rte Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,792 SF
      4535 Aldine Mail Rte Rd, Houston, TX 77039-5900
      View Details
    • Value Estimation
      $305,000
      1,696 SF

      2836 Lauder Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 1,696 SF
      2836 Lauder Rd, Houston, TX 77039-3100
      View Details
    • Value Estimation
      $355,000
      8,974 SF

      5810 Ridgedale Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,974 SF
      5810 Ridgedale Dr, Houston, TX 77039-2648
      View Details
    • Value Estimation
      $330,000
      2,876 SF

      5248 Aldine Mail Rte Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,876 SF
      5248 Aldine Mail Rte Rd, Houston, TX 77039-3804
      View Details
    • Value Estimation
      $260,000
      2,250 SF

      11809 Eastex Fwy

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      11809 Eastex Fwy, Houston, TX 77039-6121
      View Details
    • Value Estimation
      $310,000
      1,728 SF

      13123 Homestead Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      13123 Homestead Rd, Houston, TX 77039-2717
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Newly Constructed Retail Center For Sale

      20,000 SF Class A retail center available for sale.
      12300 John F Kennedy Blvd, Houston, TX 77039
      View Details
    • $4,800,000

      Chrisman Road Mixed-Use Property

      9.762 acres with income-producing truck parking and multiple buildings.
      13917 Chrisman Rd, Houston, TX 77039
      View Details
    • $550,000
      14,812 SF

      Multi-Use Property on Concrete Lot

      Versatile 3,200 sq. ft. building on ~15,000 sq. ft. lot.
      2611 Lauder Rd, Houston, TX 77039
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    • $1,195,000

      Chrisman Road Warehouses with Yard

      Two insulated warehouses on Chrisman Road with lay down yard.
      14434-14450 Chrisman Rd, Houston, TX 77039
      View Details
    • $575,000
      3,856 SF

      Climate-Controlled Warehouse Space Available

      3,856 SF climate-controlled warehouse on 0.33 AC for sale.
      14826 Ormel St, Houston, TX 77039
      View Details
    • New
      $289,000
      1.58 Acres

      1.58 Acres of Land

      1.58 acres of land with investment potential in Houston.
      11937 Connor St, Houston, TX 77039
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,980 SF

      East Hampton Commons Retail Space

      Houston Flex Space, 3 Units Available
      5303 Easthampton Dr, Houston, TX 77039
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      43,560 SF

      Houston Commercial Land - Aldine

      43,560 SF Industrial/Commercial Lot
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    • Contact for pricing
      76,965 SF

      Houston Industrial Space Available

      76,965 SF industrial space for lease in Houston.
      13520 John F Kennedy Blvd, Houston, TX 77039
      View Details
    • Contact for pricing
      5 SF

      Northeast Houston Land For Lease

      Approximately 5.46 acres available for lease or build-to-suit.
      Eastex Fwy, Houston, TX 77039
      View Details
    • $9 SF/Yr
      89,825 SF

      Aldine Business Center: Houston Flex Space

      Houston flex & warehouse space available.
      2021 Aldine Mail Route Rd, Houston, TX 77039
      View Details
    • Contact for pricing
      12,869 SF

      Industrial Space Available For Lease

      Industrial property for lease in Houston, TX, with stabilized yard.
      1617 Isom St, Houston, TX 77039
      View Details
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    4303 Charriton Dr, Unit 1
    Houston, TX 77039-4707
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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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