Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    7000 Jensen Dr Houston, TX 77093-9212

    • Specialty properties
    • 5,500 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3719037
    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

    • Book It Now / Banquet Hall / Event Venue

    Property Details for 7000 Jensen Dr

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    5,500 SF
    Property type
    Specialty properties
    APN
    422320000145
    APU
    422320000145

    Description

    This exceptional 5,000-square-foot event center and reception hall, located at 7000 Jensen Drive in Houston, TX 77093-9212, presents a unique investment opportunity. Built in 1950 and renovated in 2005, this single-tenant property offers a versatile space ideal for weddings, corporate events, and social gatherings. The flexible layout allows for customization to suit various event needs, accommodating both intimate gatherings and large celebrations. Its convenient location, easily accessible from major highways, ensures effortless access for attendees. Ample parking is available on-site for the convenience of guests. The property is a single-story building, providing easy navigation and accessibility for all. The entire 5,000 square feet is currently vacant, presenting a blank canvas for the next owner to fully realize the potential of this established event venue. This property represents a rare opportunity to acquire a well-situated and versatile event space in a thriving Houston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $397,000
      Market price range: $292k - $1.04M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3422
    Latitude
    29.8231
    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
    $6,382
    $119,988
    $220,251
    $340,239
    -
    $119,988
    $220,251
    $340,239

    Comparable in this City

    • Value Estimation by Request
      6,080 SF

      3112 Parker Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,080 SF
      3112 Parker Rd, Houston, TX 77093-4707
      View Details
    • Value Estimation
      $305,000
      3,020 SF

      2412 Little York Rd

      FUNERAL HOME • 3,020 SF
      2412 Little York Rd, Houston, TX 77093-3416
      View Details
    • Value Estimation
      $265,000
      10,000 SF

      4503 Mt Houston Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 10,000 SF
      4503 Mt Houston Rd, Houston, TX 77093-1439
      View Details
    • Value Estimation
      $470,000
      12,600 SF

      1830 Little York Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 12,600 SF
      1830 Little York Rd, Houston, TX 77093-3230
      View Details
    • Value Estimation
      $285,000
      2,880 SF

      8416 Hardy Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,880 SF
      8416 Hardy Rd, Houston, TX 77093-7917
      View Details
    • Value Estimation by Request

      3305 Orlando St

      Office space
      3305 Orlando St, Houston, TX 77093
      View Details

    Similar Nearby for Sale

    • $560,000

      Houston Specialty Property for Sale

      Specialty property available in Houston, Texas.
      7718 Duncan St, Houston, TX 77093
      View Details
    • Contact for pricing
      5,500 SF

      Houston Event Center & Reception

      5,000 SF event center and reception hall for sale.
      7000 Jensen Dr, Houston, TX 77093
      View Details
    • Contact for pricing
      17,000 SF

      Eastex Fwy Retail Lodge - Houston

      17,000 SF Retail Lodge, prime location.
      10330 Eastex Fwy, Houston, TX 77093
      View Details
    • $497,000

      Commercial Property on High-Traffic Corridor

      Commercial property on 0.31 acres with 2,679 sq. ft. building.
      3050 Tidwell Rd, Houston, TX 77093
      View Details
    • $75,000

      Unrestricted Land Near Downtown Houston

      Unrestricted land with utilities, near downtown Houston, suitable for development.
      2708 Lynnfield St, Houston, TX 77093
      View Details
    • $460,000

      Well-Maintained Duplex in Prime Location

      Two-story duplex with dedicated driveways, close to amenities.
      2415 Goodloe St, Houston, TX 77093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,176 SF

      Houston Restaurant w/ Drive-Thru

      1,176 SF Freestanding Restaurant, High Traffic
      8926 Jensen Dr, Houston, TX 77093
      View Details
    • $3,500 /Mo

      Stabilized Lot Near Major Highways

      0.42-acre lot with utilities, fencing, and gated access.
      1904 Little York Rd, Houston, TX 77093
      View Details
    • Contact for pricing

      Stabilized Yard with Highway Frontage

      6.034-acre stabilized yard with highway frontage, near container terminals.
      11100 Houston St, Houston, TX 77093
      View Details
    • Contact for pricing
      7,120 SF

      Warehouse Space Near Key Routes

      Warehouse space with office, dock doors, and highway access.
      15660-15864 W Hardy Rd, Houston, TX 77093
      View Details
    • Contact for pricing
      27,900 SF

      Lone Oak Road Warehouse Trio

      Houston warehouse space for lease. Multiple units available.
      2202 Lone Oak Rd, Houston, TX 77093
      View Details
    • Contact for pricing
      10,963 SF

      Eastex Freeway Warehouse Space

      10,963 SF Warehouse - Prime Location
      8622 Eastex Fwy, Houston, TX 77093
      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.
    7000 Jensen Dr
    Houston, TX 77093-9212
    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.