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

    7118 Irvington Blvd Houston, TX 77022-6328

    • Auto shops
    • 3,030 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2243523
    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

    • T&H Tire Service / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 7118 Irvington Blvd

    Year built
    1950
    Construction
    CONCRETE BLOCKS
    Lot size
    0.20 lot acres
    Property size
    3,030 SF
    Property type
    Auto shops
    APN
    650520030001
    APU
    650520030001

    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
    -95.361
    Latitude
    29.8249
    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
    $4,216
    $85,000
    $131,888
    $216,888
    -
    $85,000
    $131,888
    $216,888

    Comparable in this City

    • Value Estimation
      $740,000
      7,372 SF

      1317 Berry Rd

      AUTO REPAIR, GARAGE • 7,372 SF
      1317 Berry Rd, Houston, TX 77022-3421
      View Details
    • Value Estimation by Request
      2,754 SF

      157 Tidwell Rd

      AUTO REPAIR, GARAGE • 2,754 SF
      157 Tidwell Rd, Houston, TX 77022-2043
      View Details
    • Value Estimation by Request
      2,437 SF

      7315 Main St

      AUTO REPAIR, GARAGE • 2,437 SF
      7315 Main St, Houston, TX 77022-5053
      View Details
    • Value Estimation by Request
      6,465 SF

      7815 Irvington Blvd

      AUTO REPAIR, GARAGE • 6,465 SF
      7815 Irvington Blvd, Houston, TX 77022-3401
      View Details
    • Value Estimation by Request
      4,120 SF

      7111 Irvington Blvd

      AUTO REPAIR, GARAGE • 4,120 SF
      7111 Irvington Blvd, Houston, TX 77022-6327
      View Details
    • Value Estimation by Request
      2,480 SF

      119 Riggs Rd

      AUTO REPAIR, GARAGE • 2,480 SF
      119 Riggs Rd, Houston, TX 77022
      View Details

    Similar Nearby for Sale

    • $750,000

      Two Commercial Properties on 610

      Two commercial properties on 610 Loop Feeder with high exposure.
      803 Loop N, Houston, TX 77022
      View Details
    • $350,000

      Unrestricted Corner Lot with Building

      Corner lot with metal building, ideal for automotive use.
      741 Mcdaniel St, Houston, TX 77022
      View Details
    • $350,000

      Unrestricted Corner Lot with Building

      Corner lot with metal building, ideal for automotive use.
      741 Mcdaniel St, Houston, TX 77022
      View Details
    • $550,000
      1,420 SF

      Restaurant Space on Hard Corner

      1420 SF restaurant space for sale in Houston, TX.
      9322 Fulton St, Houston, TX 77022
      View Details
    • Contact for pricing
      188,980 SF

      Retail Property in Houston, Texas

      Retail property with 188980 square feet in Houston.
      7206 Fulton St, Houston, TX 77022
      View Details
    • $225,000

      Corner Lot on 610

      Prime corner lot with high visibility and development potential.
      1327 & 1329 Loop North, Houston, TX 77022
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      17,190 SF

      Houston Retail/Industrial Space

      5,344 sq ft, High Traffic Location
      5206 Airline Dr, Houston, TX 77022
      View Details
    • Contact for pricing
      30,000 SF

      Northline Commons Retail Space

      Houston Retail Center: 9 Suites Available
      0 Nec Of I-45 & Crosstimbers, Houston, TX 77022
      View Details
    • $25 SF/Yr
      8,336 SF

      Houston Retail Center - Crosstimbers

      Prime Retail Space, High Traffic Area
      103 Crosstimbers St, Houston, TX 77022
      View Details
    • Contact for pricing
      2,400 SF

      Glenburnie Gables Retail Space

      Houston Retail Space - 2400 sq ft
      702 Glenburnie Dr, Houston, TX 77022
      View Details
    • Contact for pricing
      1,288 SF

      Prime Houston Retail Space

      1,288 SF Freestanding Building, I-45
      4921 North Fwy, Houston, TX 77022
      View Details
    • $35 SF/Yr
      1,696 SF

      Irvington Blvd Office Space For Sale

      Single-story office, prime location.
      9107 Irvington Blvd, Houston, TX 77022
      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.
    7118 Irvington Blvd
    Houston, TX 77022-6328
    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!