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    7152 Parker Rd Houston, TX 77016-3300
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    Property profile & analytics

    7152 Parker Rd, Houston, TX 77016-3300

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    • Grocery and convenience stores
    • 2,700 SF
    • 0.29 lot acres
    Off-Market
    Property ID
    US82-3712960
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM (ATM Link, Inc.) / Atm
    • A Mart / Grocery & Convenience Store
    • Corner Food Mart / Grocery & Convenience Store

    Property Details for 7152 Parker Rd

    Year built
    1968
    Construction
    WOOD FRAME
    Lot size
    0.29 lot acres
    Property type
    Grocery and convenience stores
    APN
    825270000076
    APU
    825270000076

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 7, 2019 — Same Day Cash Financing LLC — Loan Modification · related $1.5M · Allegiance Bk
    Aug 5, 2014 — M & P Venture INC Srs United INC Grant Deed $475k · Srs United INC
    May 31, 2012 — Srs United INC Dars Investments LLC Grant Deed · related —
    Mar 12, 2008 — Mimar Dev INC Mimar INC Quit Claim Deed · related —
    — — M & P Venture INC — Deed Of Trust · related $140k · Same Day Cash Financing LLC
    — — M & P Venture INC — Deed Of Trust · related $525k · Same Day Cash Financing LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2998
    Latitude
    29.8573
    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
    $4,671
    $76,842
    $158,091
    $234,933
    -
    $76,842
    $158,091
    $234,933

    Comparable in this City

    • Value Estimation
      $585,000
      11,662 SF

      8805 Homestead Rd

      GROCERY, SUPERMARKET
      8805 Homestead Rd, Houston, TX 77016-5549
      View Details
    • Value Estimation by Request
      2,760 SF

      8102 Lockwood Dr

      CONVENIENCE STORE
      8102 Lockwood Dr, Houston, TX 77016-5848
      View Details
    • Value Estimation
      $1,290,000
      24,688 SF

      10553 Homestead Rd

      GROCERY, SUPERMARKET
      10553 Homestead Rd, Houston, TX 77016-2701
      View Details
    • Value Estimation
      $595,000
      9,031 SF

      4901 Laura Koppe Rd

      GROCERY, SUPERMARKET
      4901 Laura Koppe Rd, Houston, TX 77016-5200
      View Details
    • Value Estimation by Request
      2,821 SF

      11110 Homestead Rd

      CONVENIENCE STORE
      11110 Homestead Rd, Houston, TX 77016-1908
      View Details
    • Value Estimation
      $530,000
      8,568 SF

      10820 Homestead Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      10820 Homestead Rd, Houston, TX 77016-1902
      View Details

    Similar Nearby for Sale

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      Fenced Lot for Mechanic Shop

      Fenced lot previously used as mechanic shop and storage.
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      2,058 SF

      Retail Space Available

      Retail space with 2,058 square feet available for sale.
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    • $499,999

      Northeast Houston Retail Center

      Retail center with four rehabbed units in thriving Houston neighborhood.
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      Langley Road Commercial Opportunity

      Commercial land with retail and warehouse potential in Houston.
      5409 Langley Rd, Houston, TX 77016
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    Similar Nearby for Lease

    • Contact for pricing
      2,746 SF

      Prime Retail/Office Space Available

      Highly accessible retail or office space in a bustling neighborhood.
      11611 Homestead Rd, Houston, TX 77016
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Houston, TX 77016.
      5005 E Crosstimbers St, Houston, TX 77016
      View Details
    • Contact for pricing

      Premier Houston Business Park Location

      Located in Generation Park, a master-planned business environment.
      10055 Lockwood Dr, Houston, TX 77016
      View Details
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    7152 Parker Rd
    Houston, TX 77016-3300
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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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