Sign Up Successful!
You now have access to more from Realmo!
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

    5502 Airport Blvd Houston, TX 77035-4310

    • Gas stations
    • 3,847 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3693454
    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

    • Westbury Automotive / Auto Repair Shop / Muffler Shop
    • ExpressTest by MHS / Home Health Care Service

    Property Details for 5502 Airport Blvd

    Year built
    1965
    Construction
    CONCRETE BLOCKS
    Lot size
    0.49 lot acres
    Property size
    3,847 SF
    Property type
    Gas stations
    APN
    871490000038
    APU
    871490000038

    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
    -95.4825
    Latitude
    29.645
    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
    $4,770
    $63,483
    $173,489
    $236,972
    -
    $63,483
    $173,489
    $236,972

    Comparable in this City

    • Value Estimation by Request
      1,431 SF

      10721 Post Oak Rd

      GAS STATION • 1,431 SF
      10721 Post Oak Rd, Houston, TX 77035-3309
      View Details
    • Value Estimation by Request
      8,100 SF

      10431 Post Oak Rd

      GAS STATION • 8,100 SF
      10431 Post Oak Rd, Houston, TX 77035-3303
      View Details
    • Value Estimation by Request
      4,725 SF

      12303 Fondren Rd

      SERVICE STATION (FULL SERVICE) • 4,725 SF
      12303 Fondren Rd, Houston, TX 77035-5201
      View Details
    • Value Estimation by Request
      2,772 SF

      10720 Post Oak Rd

      GAS STATION • 2,772 SF
      10720 Post Oak Rd, Houston, TX 77035-3310
      View Details
    • Value Estimation by Request
      2,600 SF

      12260 Fondren Rd

      GAS STATION • 2,600 SF
      12260 Fondren Rd, Houston, TX 77035-4059
      View Details
    • Value Estimation by Request
      3,798 SF

      12226 Hillcroft St

      SERVICE STATION (FULL SERVICE) • 3,798 SF
      12226 Hillcroft St, Houston, TX 77035-4221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,711 SF

      Houston Corner Lot Retail Building

      High-traffic retail space, excellent visibility.
      12511 Hillcroft St, Houston, TX 77035
      View Details
    • $200,000

      Land For Sale Houston

      Land available for sale in Houston, Texas.
      5239 Arboles Dr, Houston, TX 77035
      View Details
    • $132,500
      1,252 SF

      Leased Investment Property in Houston

      Leased property in gated community, investor opportunity, lease until 2026.
      11963 Bob White Dr, Houston, TX 77035
      View Details
    • $123,900

      Two-Story Unit with En-Suite Bathrooms

      Two-bedroom unit with en-suite bathrooms and balcony access.
      12380 Sandpiper Dr, Houston, TX 77035
      View Details
    • $83,900

      Condominium Suites Investment Opportunity

      Suites for sale in gated community with amenities.
      6633 W Airport Blvd, Houston, TX 77035
      View Details
    • $129,900

      Updated Townhouse with Two Beds

      Two-story townhouse featuring updated kitchen, in-unit laundry, and private patio.
      12111 Lemon Ridge Ln, Houston, TX 77035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,300 SF

      Auto Repair Shop For Lease

      Auto repair shop available for lease in Southwest Houston.
      5930 Greencraig Dr, Houston, TX 77035
      View Details
    • $20 SF/Yr
      4,932 SF

      Houston Retail Space: Post Oak Rd

      Prime Houston retail space, 1,000-4,932 SF available.
      11050 Post Oak Rd, Houston, TX 77035
      View Details
    • $14 SF/Yr
      4,403 SF

      Houston Office Space For Lease

      Single-story office building with 1,530 SF vacant.
      10519 Post Oak Rd, Houston, TX 77035
      View Details
    • $20 SF/Yr

      Land Available For Lease

      Land for lease at 12355 Main Street, Houston, TX.
      12355 Main St, Houston, TX 77035
      View Details
    • Contact for pricing
      2,000 SF

      Warehouse Workshop with Office Space

      2000 SF warehouse with office, gated, and fenced.
      14435 Main St, Houston, TX 77035
      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.
    5502 Airport Blvd
    Houston, TX 77035-4310
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.