Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7324 Senate Ave Jersey Village, TX 77040-3042

    Property Lookup

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

    7324 Senate Ave Jersey Village, TX 77040-3042

    View on Map
    • Commercial real estate
    • 0.30 lot acres
    Off-Market
    Property ID
    US82-8113476
    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

    • Commercial real estate

    Property Details for 7324 Senate Ave

    Lot size
    0.30 lot acres
    Property type
    Commercial real estate
    APN
    640270000041
    APU
    640270000041

    Description

    This exceptional retail space, totaling approximately 600 square feet, is ideally situated at 7324 Senate Avenue in Jersey Village, Texas, zip code 77040. Located in Harris County, this single-tenancy property offers a fantastic opportunity for businesses seeking a prime location in a thriving community. The asking rate is $17 per square foot, representing a competitive price point for the area. The property's address provides easy access to major thoroughfares, ensuring high visibility and convenient access for customers. This space is perfect for a variety of retail uses, offering a blank canvas for businesses to create their ideal retail environment. The property is ready for immediate occupancy, allowing for a quick and efficient start to operations. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional retail opportunity. The property is classified as retail space within a single tenancy structure. Its precise location within Jersey Village offers significant advantages for businesses seeking a strong presence in this dynamic market. The property's size makes it suitable for a range of retail concepts, from smaller boutiques to specialized service providers. The lease terms are negotiable and can be tailored to meet the specific needs of prospective tenants. Don't miss this chance to secure a prime retail location in a desirable area.

    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
    Jersey Village
    County
    Harris
    State
    Texas
    Longitude
    -95.5609
    Latitude
    29.8799
    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
    2020
    $1,756
    $103,472
    $32,057
    $135,529
    -
    $103,472
    $32,057
    $135,529

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      6818 Dallas Ave

      COMMERCIAL (GENERAL) • 0.46 Acres
      6818 Dallas Ave, Houston, TX 77040
      View Details
    • Value Estimation by Request
      0.46 Acres

      Hempstead Rd

      COMMERCIAL (GENERAL) • 0.46 Acres
      Hempstead Rd, Houston, TX 77040
      View Details
    • Value Estimation by Request
      0.11 Acres

      Houston, TX 77040

      COMMERCIAL (GENERAL) • 0.11 Acres
      Houston, TX 77040
      View Details
    • Value Estimation by Request
      3,259 SF

      16529 Jersey Dr

      COMMERCIAL (GENERAL) • 3,259 SF
      16529 Jersey Dr, Jersey Village, TX 77040-1905
      View Details
    • Value Estimation by Request
      1.84 Acres

      Allegro Dr

      COMMERCIAL (GENERAL) • 1.84 Acres
      Allegro Dr, Houston, TX 77040
      View Details
    • Value Estimation by Request
      1,500 SF

      6625 Guhn Rd

      COMMERCIAL (GENERAL) • 1,500 SF
      6625 Guhn Rd, Houston, TX 77040
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 290 Visibility Land

      Land with outstanding visibility off Highway 290.
      6400 Windfern Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      45,500 SF

      Industrial Property in Houston, Texas

      45,500 square foot industrial property available for sale.
      5220 Ted St, Houston, TX 77040
      View Details
    • $1,250,000

      Commercial Land with Highway Frontage

      Land with high visibility, utilities, and highway access.
      6400 Windfern Rd, Houston, TX 77040
      View Details
    • Contact for pricing

      2.9 Acres Commercial Land

      2.9 acres of land zoned for business district.
      Senate Ave, Jersey Village, TX 77040
      View Details
    • $1,665,734

      Beltway 8 Frontage Land

      2.39 AC land with high visibility and access.
      West Sam Houston Pkwy North, Houston, TX 77040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Adaptable Industrial Rental Space

      Flexible office/warehouse space ready for customization in Houston, TX.
      14201-14227 Aston St, Houston, TX 77040
      View Details
    • Contact for pricing

      Northwest Freeway Flex Space Available

      Flex space available for lease on Northwest Freeway, Houston.
      14655 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing

      Retail Space with Freeway Access

      Retail space with excellent visibility and access from US 290.
      13232 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing
      21,230 SF

      Warehouse Space Near US 290

      21,230 SF warehouse space available for short-term lease.
      6310 Rothway St, Houston, TX 77040
      View Details
    • Contact for pricing
      194,750 SF

      Distribution Center with Cross Dock

      194,780 SF divisible distribution center with cross dock.
      7810 North Houston Rd, Houston, TX 77040
      View Details
    • Contact for pricing
      1,875 SF

      Houston Flex Space For Rent

      Flex space available for lease in Houston, Texas.
      14201-14227 Aston St, Houston, TX 77040
      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.
    7324 Senate Ave
    Jersey Village, TX 77040-3042
    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!