Property profile

7545 Martin Luther King Blvd Houston, TX 77033

OFF-MARKET
Retail space
Property ID
US83-0489999
9,180 SF 1.42 ac lot Built 2017
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction METAL FRAME
Total area 9,180 SF
Lot 1.42 ac (61,820 SF)
APN 1385840010001
UPID US83-0489999

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7545 Martin Luther King Blvd Houston, TX 77033-2009
Houston metro Census 332200 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$1.10M

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.5M +86.8%
Restaurant $930,000 +18.0%
Auto repair, garage $855,000 +8.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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