Sign Up Successful!
You now have access to more from Realmo!
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

    7460 Nn Fwy Houston, TX 77076-1315

    • Outlet malls
    • 31,586 SF
    • 2.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3881299
    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

    • FAMSA Furniture / Furniture Store / Bedroom Furniture Store

    Property Details for 7460 Nn Fwy

    Year built
    2006
    Construction
    STEEL & CONCRETE
    Lot size
    2.11 lot acres
    Property size
    31,586 SF
    Property type
    Outlet malls
    APN
    1312840010002
    APU
    1312840010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,629,000
      Market price range: $1.44M - $4.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4064
    Latitude
    29.8686
    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
    $54,795
    $1,101,888
    $1,535,926
    $2,637,814
    -
    $1,101,888
    $1,535,926
    $2,637,814

    Comparable in this City

    • Value Estimation
      $3,765,000
      30,954 SF

      6006 Nn Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 30,954 SF
      6006 Nn Fwy, Houston, TX 77076-4029
      View Details
    • Value Estimation
      $1,865,000
      61,189 SF

      7400 Nn Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 61,189 SF
      7400 Nn Fwy, Houston, TX 77076-1315
      View Details
    • Value Estimation
      $695,000
      35,304 SF

      6500 Nn Fwy

      SHOPPING CENTER, STRIP CENTER • 35,304 SF
      6500 Nn Fwy, Houston, TX 77076-2953
      View Details
    • Value Estimation by Request
      2,628 SF

      6631 Airline Dr

      SHOPPING CENTER, STRIP CENTER • 2,628 SF
      6631 Airline Dr, Houston, TX 77076-3511
      View Details
    • Value Estimation
      $615,000
      56,648 SF

      6747 Airline Dr

      SHOPPING CENTER, STRIP CENTER • 56,648 SF
      6747 Airline Dr, Houston, TX 77076-3522
      View Details
    • Value Estimation
      $740,000
      31,482 SF

      419 Little York Rd

      SHOPPING CENTER, STRIP CENTER • 31,482 SF
      419 Little York Rd, Houston, TX 77076-1342
      View Details

    Similar Nearby for Sale

    • $495,000
      5,616 SF

      North Houston Commercial Property For Sale

      High-visibility commercial property in North Houston, moments from Interstate 45.
      625 Parker Rd, Houston, TX 77076
      View Details
    • $499,999

      Mechanic Shop on High-Traffic Road

      Commercial property ideal for automotive or light industrial use.
      602 E Little York Rd, Houston, TX 77076
      View Details
    • $524,999
      2,426 SF

      Houston Multifamily Portfolio

      Four-Unit Rental, High ROI
      11314 Courtshire Rd, Houston, TX 77076
      View Details
    • $249,000

      Corner Lot on Busy Street

      Corner lot suitable for multi-family, commercial, retail, or warehouse.
      9625 Fulton St, Houston, TX 77076
      View Details
    • $1,499,900

      Commercial Land for Sale

      Commercial land available for sale, ideal for commercial use.
      10210 Fulton St, Houston, TX 77076
      View Details
    • $39,000

      Residential Land in Elite Estates

      Prime land for custom dream home in desirable community.
      304 W Hamilton St, Houston, TX 77076
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      5,000 SF

      Spacious Flex Space For Rent

      Versatile interiors, flexible layout, and ample parking available for rent.
      914 Oak Glen Dr, Houston, TX 77076
      View Details
    • Contact for pricing
      7,800 SF

      7,800 SF Warehouse Space

      7,800 SF warehouse with 2 grade-level doors.
      6313 North Fwy, Houston, TX 77076
      View Details
    • $1.10 SF/Yr
      3,552 SF

      Industrial Warehouse Space Available

      Industrial warehouse for lease with office and convenient location.
      10107 Goldcrest St, Houston, TX 77076
      View Details
    • $1,295 /Mo
      950 SF

      Renovated Two Bedroom Unit

      Stand-alone, renovated 2-bedroom unit with modern amenities in quiet community.
      904 Ellena Rd, Houston, TX 77076
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Space Available for Rent

      5,000 square feet of industrial space for lease.
      918 Oak Glen Dr, Houston, TX 77076
      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.
    7460 Nn Fwy
    Houston, TX 77076-1315
    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.