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

    4615 Sherman St Houston, TX 77011-3022

    • Retail space
    • 4,420 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4166476
    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

    • Wendy's / Breakfast Restaurant / Fast Food Restaurant
    • Gonzalez Barbering / Barber Shop

    Property Details for 4615 Sherman St

    Year built
    1998
    Construction
    BRICK
    Lot size
    0.60 lot acres
    Property size
    4,420 SF
    Property type
    Retail space
    APN
    280300000015
    APU
    280300000015

    Description

    This exceptional Houston property offers a rare redevelopment opportunity in the burgeoning East End (EADO) area. The 27,000 square foot lot features a single-story, 4,200 square foot building currently housing three tenants with leases expiring January 1, 2026. This presents a unique chance to acquire a substantial land parcel with existing income while planning future development. The property is ideally situated just two miles from the 169-acre East River Project, a major development underway. The area is experiencing significant growth, with new housing and infrastructure improvements underway. The property's location offers convenient access to the Hike and Bike trail. The asking price is below market value, making this an attractive investment. The existing building is suitable for continued rental income during the planning phase of any redevelopment project. This Class C property is zoned for mixed-use, allowing for a variety of development options. The lot size provides ample space for a substantial project. The property is located at 4615 Sherman St, Houston, TX 77011, in Harris County. The property's location offers significant potential for future appreciation. An adjacent 6,500 square foot parcel is also available for purchase, offering the potential to expand the development footprint to a total of 33,500 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $598,000
      Market price range: $209k - $599k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $390,000
      Current use
      COMMERCIAL (GENERAL)
      $715,000
      Change: +82% Conversion: Easy
      AUTO REPAIR, GARAGE
      $670,000
      Change: +71% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3278
    Latitude
    29.7464
    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
    $29,927
    $1,187,550
    $143,447
    $1,330,997
    -
    $1,187,550
    $143,447
    $1,330,997

    Comparable in this City

    • Value Estimation
      $360,000
      6,000 SF

      7131 Harrisburg Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      7131 Harrisburg Blvd, Houston, TX 77011-4734
      View Details
    • Value Estimation
      $370,000
      4,969 SF

      4515 Canal St

      RETAIL STORES (PERSONAL SERVICES) • 4,969 SF
      4515 Canal St, Houston, TX 77011-2007
      View Details
    • Value Estimation
      $500,000
      17,825 SF

      6632 Harrisburg Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,825 SF
      6632 Harrisburg Blvd, Houston, TX 77011-4430
      View Details
    • Value Estimation
      $390,000
      5,630 SF

      5417 Harrisburg Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,630 SF
      5417 Harrisburg Blvd, Houston, TX 77011-4233
      View Details
    • Value Estimation
      $295,000
      2,379 SF

      606 75th St

      RETAIL STORES (PERSONAL SERVICES) • 2,379 SF
      606 75th St, Houston, TX 77011-3819
      View Details
    • Value Estimation
      $255,000
      3,200 SF

      805 Maltby St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      805 Maltby St, Houston, TX 77011-2615
      View Details

    Similar Nearby for Sale

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      Mixed-Use Investment Opportunity, Houston

      Mixed-use property in Houston's East End with high visibility.
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      0.98 Acres

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      East End Corner Retail Opportunity

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      Revitalized Church with Income Potential

      Revitalized church with income-generating potential, suitable for various businesses.
      6601 Sherman St, Houston, TX 77011
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      Harrisburg Boulevard Property For Sale

      2960 SF property suitable for parking, automotive, or retail.
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    • $799,000

      Corner Lot Near Downtown Houston

      Versatile property suitable for mechanic, industrial, or redevelopment.
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    Similar Nearby for Lease

    • $19 SF/Yr
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      Retail Space on Harrisburg Boulevard

      Retail space available for lease in Houston, Texas.
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    • $7 SF/Yr
      8,866 SF

      Magnolia Social: Prime Office Space

      Versatile Office, Retail, & Event Space
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      View Details
    • Contact for pricing
      12,000 SF

      Harrisburg Blvd Retail Space

      High-traffic Houston retail sublease opportunity.
      6740 Harrisburg Blvd, Houston, TX 77011
      View Details
    • $9 SF/Yr
      26,476 SF

      Clifton Drive Industrial Space

      26,476 SF Manufacturing Facility - Lease
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      View Details
    • Contact for pricing
      11,939 SF

      Office Space Available For Rent

      Office space available for rent at 4400 Harrisburg Blvd.
      4400 Harrisburg Blvd, Houston, TX 77011
      View Details
    • Contact for pricing
      1,714 SF

      Office Space Available For Rent

      Office space available for rent at 4430 Harrisburg Blvd.
      4430 Harrisburg Blvd, Houston, TX 77011
      View Details
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    4615 Sherman St
    Houston, TX 77011-3022
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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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