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    Property profile & analytics

    6019 Almeda Rd Houston, TX 77004-7309

    • Grocery and convenience stores
    • 9,225 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0261848
    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

    • Shell / Car Wash
    • Amazon Locker - Whey / Postal Service / Courier Service
    • Shawarma Stop / Restaurant
    • Bitstop Bitcoin ATM / Crypto Atm / Atm

    Property Details for 6019 Almeda Rd

    Year built
    2019
    Construction
    CONCRETE BLOCKS
    Lot size
    1.09 lot acres
    Property size
    9,225 SF
    Property type
    Grocery and convenience stores
    APN
    611950030001
    APU
    611950030001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $973,000
      Market price range: $480k - $973k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $730,000
      Current use
      COMMERCIAL (GENERAL)
      $1,310,000
      Change: +79% Conversion: Difficult
      RESTAURANT
      $1,210,000
      Change: +65% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $860,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $790,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $775,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $625,000
      Change: -15% Conversion: Difficult
      MEDICAL BUILDING
      $590,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3813
    Latitude
    29.7139
    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
    $103,262
    $3,788,000
    $1,221,992
    $5,009,992
    -
    $3,788,000
    $1,221,992
    $5,009,992

    Comparable in this City

    • Value Estimation
      $11,860,000
      103,823 SF

      6055 Macgregor Way

      GROCERY, SUPERMARKET • 103,823 SF
      6055 Macgregor Way, Houston, TX 77004
      View Details
    • Value Estimation by Request
      2,268 SF

      2100 Binz St

      CONVENIENCE STORE • 2,268 SF
      2100 Binz St, Houston, TX 77004-7517
      View Details
    • Value Estimation by Request
      1,260 SF

      3125 Rosalie St

      CONVENIENCE STORE • 1,260 SF
      3125 Rosalie St, Houston, TX 77004-3422
      View Details
    • Value Estimation by Request
      1,485 SF

      2618 Mcgowen St

      CONVENIENCE STORE • 1,485 SF
      2618 Mcgowen St, Houston, TX 77004-1422
      View Details
    • Value Estimation by Request
      4,393 SF

      3755 Macgregor Way

      CONVENIENCE STORE (W/FUEL PUMP) • 4,393 SF
      3755 Macgregor Way, Houston, TX 77004
      View Details
    • Value Estimation by Request
      3,328 SF

      3341 Winbern St

      CONVENIENCE STORE • 3,328 SF
      3341 Winbern St, Houston, TX 77004-4652
      View Details

    Similar Nearby for Sale

    • $1,687,500

      Houston Convenience Store Plus Lots

      Convenience store and lots in prime Houston location.
      2700 Alabama St, Houston, TX 77004
      View Details
    • Contact for pricing
      11,849 SF

      Southmore Mixed-Use Investment

      Houston multi-use property: retail, office, residential.
      2407 Southmore Blvd, Houston, TX 77004
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    • $695,000

      Houston Mixed-Use Investment Opportunity

      Income-producing property with retail and residential units in Houston.
      2423 Emancipation Ave, Houston, TX 77004
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    • $175,000

      Parking Lot For Sale

      Parking lot used by apartment complex, no other parking.
      Ennis St, Houston, TX 77004
      View Details
    • $2,349,000

      Midtown Houston Office Building

      Prime Midtown location, 3,000 SF office.
      1803 Mcgowen St, Houston, TX 77004
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    • $3,000,000

      Prime Land in Central Houston

      32,021 sq ft land near Highway 288.
      2612 Riverside Dr, Houston, TX 77004
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    Similar Nearby for Lease

    • $1,200 /Mo
      800 SF

      Retail Space Available For Rent

      Retail space of 800 SF available for $1200/month.
      3203 N Macgregor Way, Houston, TX 77004
      View Details
    • Contact for pricing
      3,066 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
      2407 Southmore Blvd, Houston, TX 77004
      View Details
    • Contact for pricing
      47,000 SF

      Prime Houston Retail Opportunity

      1-Acre Retail Pad, 47,000 SF
      0 Nwc Of Scott St & Alabama St, Houston, TX 77004
      View Details
    • Contact for pricing
      5,080 SF

      EaDo Retail Pad Opportunity

      Retail pad available for sale, lease, or ground lease.
      3431-3433 Gulf Fwy, Houston, TX 77004
      View Details
    • Contact for pricing
      2,933 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      3872 Holman St, Houston, TX 77004
      View Details
    • Contact for pricing
      200 SF

      Houston Commercial Kitchen Space

      200 SF Ghost Kitchen - Prime Location
      2616 Blodgett St, Houston, TX 77004
      View Details
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    Houston, TX 77004-7309
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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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