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Property profile & analytics
OFF-MARKET
Commercial real estate
7147 Harrisburg Blvd Houston, TX 77011-4734
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4011170
Property summary
AI-generated overview
This exceptional investment opportunity presents a well-established sports bar located at 7147 Harrisburg Blvd, Houston, TX 77011. The property boasts a prime corner location offering excellent visibility and sits on a 10,260 square foot lot. The single-story building, constructed in 1970, features 6,500 total square feet, with 4,195 square feet of net rentable space. The asking price is $995,000, translating to $153.08 per square foot. The property is zoned for commercial use and includes a full bar and kitchen, a 10-gallon grease trap, and ample space for an outdoor patio, presenting significant expansion potential. This turnkey operation is situated in Harris County and is ready for a new owner to capitalize on its established presence and growth opportunities. The property's APN is LTS 1 & 2 BLK 10 MAGNOLIA PARK SEC 2 LTS 3 & 4 BLK 10 MAGNOLIA PARK SEC 2. A drone video is available for viewing online. This is a rare chance to acquire a thriving business in a high-traffic area.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.12 ac (5,131 SF)
APN
251020000003
UPID
US82-4011170
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Merino's Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carlos M Merino · 20 yrs held
Carlos M Merino
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,617
Tax year 2022
Assessed value
$80,239
Assessed 2024
Previous assessed
$80,277
0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$76,950
Assessed improvement
$3,289
Land market value
$76,950
Improvement market value
$3,289
Total market value
$80,239
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.12 ac (5,131 SF)
APN
251020000003
UPID
US82-4011170
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Carlos M Merino
Individual
Free & Clear · 20 yrs held
Mailing address
7310 ARCADIA DR, PASADENA, TX 77505-3880
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2005
—
Carlos M Merino
Merino,joe A & Felicipas M
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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