Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5302 Old Ldg Dr Houston, TX 77066-1619

    • Retail space
    • 1,694 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2424787
    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

    • Retail space

    Property Details for 5302 Old Ldg Dr

    Year built
    2001
    Construction
    WOOD FRAME
    Lot size
    0.22 lot acres
    Property size
    1,694 SF
    Property type
    Retail space
    APN
    1024930000016
    APU
    1024930000016

    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
    -95.5054
    Latitude
    29.9807
    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
    $2.00
    $37,600
    $50
    $37,650
    -
    $37,600
    $50
    $37,650

    Comparable in this City

    • Value Estimation by Request
      5,500 SF

      12703 Shiloh Church Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      12703 Shiloh Church Rd, Houston, TX 77066-1205
      View Details
    • Value Estimation by Request
      7,544 SF

      12033 Misty Vly Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,544 SF
      12033 Misty Vly Dr, Houston, TX 77066-2736
      View Details
    • Value Estimation by Request
      604 SF

      12350 Cutten Rd

      RETAIL STORES (PERSONAL SERVICES) • 604 SF
      12350 Cutten Rd, Houston, TX 77066-1808
      View Details
    • Value Estimation by Request
      768 SF

      5342 Grn Pnes Dr

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      5342 Grn Pnes Dr, Houston, TX 77066-4212
      View Details
    • Value Estimation by Request
      2,232 SF

      11835 Bammel N Houston Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      11835 Bammel N Houston Rd, Houston, TX 77066-5207
      View Details
    • Value Estimation by Request
      8,211 SF

      6211 Theall Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,211 SF
      6211 Theall Rd, Houston, TX 77066-1311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,350 SF

      Updated Willow Park Condo Units

      Two updated condo units ideal for owner occupant or investment.
      12832 Willow Centre Dr, Houston, TX 77066
      View Details
    • Contact for pricing
      11,150 SF

      Cutten Road Shopping Plaza Investment

      Newly constructed retail and office plaza with high traffic visibility.
      12723 Cutten Rd, Houston, TX 77066
      View Details
    • Contact for pricing
      6,510 SF

      Houston Retail Center For Sale

      6,510 SF retail center in Houston, 100% occupied.
      12033 Misty Valley Dr, Houston, TX 77066
      View Details
    • Contact for pricing

      2.35 Acre Development Opportunity

      2.35-acre parcel for development in a high-traffic area.
      12964 Blackpool Ln, Houston, TX 77066
      View Details
    • Contact for pricing

      Northwest Houston Small Bay Property

      17,850 SF multi-tenant property with IOS near Highway 249.
      12604 Haynes Bldg 1 & 2, Houston, TX 77066
      View Details
    • Contact for pricing
      3,000 SF

      Cutten Road Warehouse with Yard

      Freestanding warehouse with fenced outside storage and great access.
      12427-12429 Cutten Rd, Houston, TX 77066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,760 SF

      Retail Space in High-Traffic Area

      Retail space available in high-density Houston neighborhood.
      12035 Antoine Dr, Houston, TX 77066
      View Details
    • Contact for pricing
      1,560 SF

      Cutten Road Retail/Religious Space

      Retail or religious space with frontage on Cutten Road.
      12423 Cutten Rd, Houston, TX 77066
      View Details
    • Contact for pricing

      Retail/Office Space Near FM 1960

      Recently constructed retail/office spaces available for lease near FM 1960.
      12723 Cutten Rd, Houston, TX 77066
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Houston, Texas.
      12019 Bammel North Houston Rd, Houston, TX 77066
      View Details
    • Contact for pricing

      Luxury Office Condo in Willowbrook

      Luxury office condo with Class A finishes in Willowbrook area.
      12516 Cutten Rd, Houston, TX 77066
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Houston, Texas.
      7014 Belgold St, Houston, TX 77066
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5302 Old Ldg Dr
    Houston, TX 77066-1619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!