Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    7501 Homestead Rd Houston, TX 77028-3015
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7501 Homestead Rd Houston, TX 77028-3015

    View on Map
    • Retail space
    • 10,000 SF
    • 1.33 lot acres
    Off-Market
    Property ID
    US82-4783394
    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
    $1,845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 7501 Homestead Rd

    Year built
    2003
    Construction
    METAL FRAME
    Lot size
    1.33 lot acres
    Property size
    10,000 SF
    Property type
    Retail space
    APN
    1227010010001
    APU
    1227010010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,260,000
      6.5%
      $2,085,000
      7%
      $1,935,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,602,000
      Market price range: $437k - $1.88M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,205,000
      Current use
      COMMERCIAL (GENERAL)
      $2,085,000
      Change: +73% Conversion: Easy
      RESTAURANT
      $1,455,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,110,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3026
    Latitude
    29.8307
    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
    $24,338
    $522,099
    $785,318
    $1,307,417
    -
    $522,099
    $785,318
    $1,307,417

    Comparable in this City

    • Value Estimation by Request
      1,648 SF

      7007 Nn E Loop

      RETAIL STORES (PERSONAL SERVICES) • 1,648 SF
      7007 Nn E Loop, Houston, TX 77028-5946
      View Details
    • Value Estimation by Request
      1,082 SF

      8112 Homestead Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,082 SF
      8112 Homestead Rd, Houston, TX 77028-2151
      View Details
    • Value Estimation by Request
      3,956 SF

      5002 Wayside Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,956 SF
      5002 Wayside Dr, Houston, TX 77028-5256
      View Details
    • Value Estimation
      $1,135,000
      9,450 SF

      9201 Wayside Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,450 SF
      9201 Wayside Dr, Houston, TX 77028-1018
      View Details
    • Value Estimation
      $725,000
      5,670 SF

      8712 Mesa Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,670 SF
      8712 Mesa Dr, Houston, TX 77028-2009
      View Details
    • Value Estimation
      $1,780,000
      8,982 SF

      8780 Tidwell Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,982 SF
      8780 Tidwell Rd, Houston, TX 77028-1244
      View Details

    Similar Nearby for Sale

    • $199,900
      2,056 SF

      Retail Space Available For Sale

      Retail space with 2,056 SqFt available for purchase.
      7809 Ley Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      3,820 SF

      Retail Building Near Major Highways

      3,820 SF retail building for sale or lease.
      5710 N Wayside Dr, Houston, TX 77028
      View Details
    • $400,000

      Northeast Houston Commercial Truck Parking

      Spacious lot ideal for commercial or industrial use.
      7517 Ley Rd, Houston, TX 77028
      View Details
    • $583,000

      Industrial Land Package For Sale

      30,601 SF industrial land near Rand St. and North Loop.
      00 Rand St, Houston, TX 77028
      View Details
    • Contact for pricing

      Prime Corner Site in Houston

      High-traffic corner site near major retailers and thoroughfares.
      9430 Mesa Dr, Houston, TX 77028
      View Details
    • Contact for pricing
      2,400 SF

      7635 Ley Rd, Houston, TX 77028

      Grocery and convenience stores • 2,400 SF
      7635 Ley Rd, Houston, TX 77028
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      2,000 SF

      Retail Space Available For Lease

      2000 square feet of retail space for rent.
      12311 N Houston Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space on N Wayside

      Retail space with excellent visibility and easy highway access.
      7755 N Wayside Dr, Houston, TX 77028
      View Details
    • Contact for pricing

      Retail Building on High-Traffic Corner

      9,180 SF retail building on 0.67-acre lot for sale.
      9201 North Wayside Dr, Houston, TX 77028
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      New endcap retail space available for lease.
      8136 Tidwell Rd, Houston, TX 77028
      View Details
    • Contact for pricing

      Neighborhood Retail Shopping Center Space

      Retail spaces available in neighborhood shopping center.
      8311-8825 Mesa Dr, Houston, TX 77028
      View Details
    • $15 SF/Yr
      55,474 SF

      Prime Corner Land for Lease

      High-visibility corner lot in rapidly expanding Cypress, Texas.
      North Houston Rd, Houston, TX 77028
      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.
    7501 Homestead Rd
    Houston, TX 77028-3015
    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!