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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
515 Bay Area Blvd Houston, TX 77058-2663
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3185528
Property summary
AI-generated overview
This exceptional retail space, located at 515 Bay Area Blvd in Houston, Texas, presents a fantastic leasing opportunity. Situated in a bustling Harris County shopping center, this 1,525 square foot unit is perfect for a variety of retail businesses. The property is categorized as a multi-tenant retail space, offering excellent visibility and foot traffic. The precise location within the shopping center is not specified, but its address in the thriving Bay Area Boulevard area of Houston ensures high exposure to potential customers. The property's latitude and longitude coordinates are 29.55160244480935 and -95.12596295157236 respectively, allowing for easy location verification using mapping services. The zip code is 77058. This space is ready for immediate occupancy and presents a unique chance to establish or expand a retail presence in a prime Houston location. Interested parties should inquire for further details regarding lease terms and conditions. The property is classified as a retail shopping center. Further information is available upon request. This is a single available space within a larger shopping center.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
BRICK
Total area
6,770 SF
Lot
0.87 ac (37,915 SF)
APN
1157420000001
UPID
US82-3185528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Starbucks Cafe & Coffee Shop
-
Eye Trends Physician
-
Dr. Jerry Hyder Physician
-
Discount Tire Repair Parts General Contractor
-
Next Salon Gallery Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$815k
Owner & transaction history
Pineloch & El Camino Inv Ltd · 9 yrs held
Pineloch & El Camino Inv Ltd
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+119.4%
Medical building
$645,000
+29.4%
Auto repair, garage
$630,000
+26.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$500,000
Current use
COMMERCIAL (GENERAL)
$1,095,000
Change: +119% · Conversion: Easy
MEDICAL BUILDING
$645,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: +27% · Conversion: Difficult
RESTAURANT
$595,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$14,345
Tax year 2020
Assessed value
$2,083,458
Assessed 2024
Previous assessed
$2,117,988
-1.6% YoY
Effective rate
0.69%
On assessed value
Assessed land
$1,327,025
Assessed improvement
$756,433
Land market value
$1,327,025
Improvement market value
$756,433
Total market value
$2,083,458
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,770 SF
Lot
0.87 ac (37,915 SF)
APN
1157420000001
UPID
US82-3185528
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RESTAURANT
Est. value
$595,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Pineloch & El Camino Inv Ltd
Individual
Mailing address
3773 RICHMOND AVE STE #800, HOUSTON, TX 77046-3723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2017
—
Pineloch & El Camino Inv Ltd
—
Grant Deed
related
$30,000,000 · Cibc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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