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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7022 Chetwood Dr Houston, TX 77081-6199

    • Strip malls
    • 11,987 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2993162
    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

    • Alief Upholstery Inc / Furniture Store / Window Treatment Store
    • Rebeca's Beauty Salon / Barber Shop
    • Garcia Tire Shop / Tire Shop
    • Kindercity / Day Care Center
    • ATM / Atm

    Property Details for 7022 Chetwood Dr

    Year built
    1978
    Construction
    CONCRETE BLOCKS
    Lot size
    0.67 lot acres
    Property size
    11,987 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    370580220055
    APU
    370580220055

    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
    -95.4786
    Latitude
    29.7027
    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
    $20,106
    $586,080
    $466,464
    $1,052,544
    -
    $586,080
    $466,464
    $1,052,544

    Comparable in this City

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      $775,000
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      6121 Hillcroft St

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      6121 Hillcroft St, Houston, TX 77081-1002
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    • Value Estimation
      $915,000
      42,336 SF

      5950 Gulfton St

      SHOPPING CENTER, STRIP CENTER • 42,336 SF
      5950 Gulfton St, Houston, TX 77081-2414
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    • Value Estimation by Request
      14,929 SF

      6295 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 14,929 SF
      6295 Bissonnet St, Houston, TX 77081-6809
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    • Value Estimation
      $1,205,000
      59,123 SF

      5800 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 59,123 SF
      5800 Bellaire Blvd, Houston, TX 77081-5537
      View Details
    • Value Estimation by Request
      17,598 SF

      5920 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 17,598 SF
      5920 Bellaire Blvd, Houston, TX 77081-5516
      View Details
    • Value Estimation
      $530,000
      14,100 SF

      5611 Bellaire Blvd Ste, Unit 128

      SHOPPING CENTER, STRIP CENTER • 14,100 SF
      5611 Bellaire Blvd Ste, Houston, TX 77081-5631
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Houston Shopping Center

      Galleria-area retail land, 23,118 sq ft
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      Retail center built in 2006 on 1.35 acres.
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      Retail Property on Bellaire Boulevard

      Retail property available for sale on Bellaire Boulevard.
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      Land For Sale Houston

      Land available for sale at 6627 Chimney Rock Road.
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    • $179,990

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      Multi-Use Building on Gated Lot

      Spacious building suitable for industrial, commercial, or church use.
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    Similar Nearby for Lease

    • Contact for pricing
      14,473 SF

      Houston Retail Space For Lease

      Retail space in Southwest Houston with high visibility and ample parking.
      7818-7912 Hillcroft St, Houston, TX 77081
      View Details
    • $17 SF/Yr
      1,950 SF

      Retail Center on Bellaire Boulevard

      Retail center with high traffic and frontage exposure.
      5805-5821 Bellaire Blvd, Houston, TX 77081
      View Details
    • $20 SF/Yr
      1,375 SF

      Retail Space in Houston Center

      Retail space for lease in a densely populated Houston area.
      5700 Bellaire Blvd, Houston, TX 77081
      View Details
    • Contact for pricing
      80,963 SF

      Bellaire Medical Center: Houston

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    • $20 SF/Yr
      58,646 SF

      Houston Retail Plaza: Prime Location

      Five retail spaces available, 998-2500 sq ft.
      5700 Bellaire Blvd, Houston, TX 77081
      View Details
    • $26 SF/Yr
      33,795 SF

      Ashcroft Plaza: Flex Space Available

      Bellaire Blvd prime flex space; multiple suites.
      6909 Ashcroft Dr, Houston, TX 77081
      View Details
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    7022 Chetwood Dr
    Houston, TX 77081-6199
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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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