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    7635 Ley Rd Houston, TX 77028
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    7635 Ley Rd, Houston, TX 77028

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    • Grocery and convenience stores
    • 2,400 SF
    • 0.29 lot acres
    For Sale
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    Retail For Sale
    Contact for pricing
    2,400 SF

    Retail

    Grocery and convenience stores · 2,400 SF

    7635 Ley Rd, Houston, TX 77028
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    Property ID
    US82-3405221
    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

    • Faith Connections Houston / Church / Mosque
    • ATM / Atm

    Property Details for 7635 Ley Rd

    Year built
    1972
    Construction
    BRICK
    Lot size
    0.29 lot acres
    Property type
    Grocery and convenience stores
    APN
    661130090024
    APU
    661130090024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 19, 2018 — Sook H Cho Cho Nam H Quit Claim Deed · related —
    Apr 20, 2012 — Mm Properties LLC Southwestern Natl Bk Grant Deed · related —
    Mar 9, 2012 $5,000 Southwestern Natl Bk Serafin Henry A II Trustees Deed · related —

    Description

    This turnkey convenience store presents a fantastic investment opportunity in Houston, Texas. Located at 7635 Ley Road, this freestanding retail building boasts 2,400 square feet on a 0.29-acre lot (APN: 0661130090024). The property, renovated in 2013, is currently owner-occupied and includes all fixtures, furniture, and equipment (FF&E). The interior features a fully equipped kitchen with a grease trap, a vent hood, walk-in coolers, and ADA-compliant restrooms, even including a shower. Pre-wiring for security systems (alarm and surveillance cameras) is already in place. Exterior features include a prominent pole sign. This single-story building is ideal for both experienced and first-time convenience store operators, offering immediate operational capabilities. The asking price is $550,000. This represents a rare opportunity to acquire a well-established, profitable business in a prime Houston location. The property's turnkey condition and existing infrastructure minimize upfront investment and maximize immediate return. Don't miss this chance to own a thriving convenience store in a high-traffic 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
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2899
    Latitude
    29.8317
    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
    $3,812
    $60,302
    $138,835
    $199,137
    -
    $60,302
    $138,835
    $199,137

    Comparable in this City

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      2,840 SF

      8620 Mesa Dr

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      5,604 SF

      7755 Wayside Dr

      CONVENIENCE STORE (W/FUEL PUMP)
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      4,125 SF

      6902 Wayside Dr

      CONVENIENCE STORE
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    • Value Estimation by Request
      2,280 SF

      8208 Wayside Dr

      CONVENIENCE STORE
      8208 Wayside Dr, Houston, TX 77028-2508
      View Details
    • Value Estimation
      $705,000
      9,934 SF

      6900 Nn E Loop

      CONVENIENCE STORE (W/FUEL PUMP)
      6900 Nn E Loop, Houston, TX 77028-5013
      View Details

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      2,400 SF

      7635 Ley Rd, Houston, TX 77028

      Grocery and convenience stores
      7635 Ley Rd, Houston, TX 77028
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      Northeast Houston Commercial Truck Parking

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      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

    Similar Nearby for Lease

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      3,600 SF

      Retail Space on N Wayside

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      Retail Space Available For Lease

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      50,000 SF

      Eastpark Drive Fenced Lot

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      130,000 SF

      Distribution Center with Flexible Terms

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      Fenced Land Tract For Rent

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      8461 Liberty Rd, Houston, TX 77028
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      19,975 SF

      New Construction Industrial Park Space

      New industrial park with flexible lease options available.
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    View Listing
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    Houston, TX 77028
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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.

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