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

    7640 Airline Dr Houston, TX 77037-4604

    • Strip malls
    • 14,071 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2554505
    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

    • Amazing Fashions / Clothing Store
    • Happy Smiles Dentistry / Dental Clinic
    • Tattz Leo / Tattoo Shop
    • MVP HAIRCUTS / Barber Shop
    • Anaiya Food Mart / Grocery Store

    Property Details for 7640 Airline Dr

    Year built
    2005
    Construction
    CONCRETE BLOCKS
    Lot size
    0.97 lot acres
    Property size
    14,071 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1251560010001
    APU
    1251560010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $513,000
      Market price range: $185k - $538k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3845
    Latitude
    29.8723
    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
    $34,822
    $636,780
    $1,097,692
    $1,734,472
    -
    $636,780
    $1,097,692
    $1,734,472

    Comparable in this City

    • Value Estimation
      $485,000
      14,002 SF

      7715 Nn Fwy

      SHOPPING CENTER, STRIP CENTER • 14,002 SF
      7715 Nn Fwy, Houston, TX 77037
      View Details
    • Value Estimation
      $380,000
      129,494 SF

      10990 Nn Fwy

      SHOPPING CENTER, STRIP CENTER • 129,494 SF
      10990 Nn Fwy, Houston, TX 77037-1133
      View Details
    • Value Estimation
      $750,000
      21,300 SF

      8505 Airline Dr

      SHOPPING CENTER, STRIP CENTER • 21,300 SF
      8505 Airline Dr, Houston, TX 77037-3229
      View Details
    • Value Estimation
      $300,000
      7,772 SF

      801 Aldine Mail Rte Rd

      SHOPPING CENTER, STRIP CENTER • 7,772 SF
      801 Aldine Mail Rte Rd, Houston, TX 77037-1815
      View Details
    • Value Estimation
      $835,000
      24,811 SF

      11202 Airline Dr

      SHOPPING CENTER, STRIP CENTER • 24,811 SF
      11202 Airline Dr, Houston, TX 77037-1132
      View Details
    • Value Estimation
      $385,000
      5,256 SF

      10504 Airline Dr

      SHOPPING CENTER, STRIP CENTER • 5,256 SF
      10504 Airline Dr, Houston, TX 77037-1253
      View Details

    Similar Nearby for Sale

    • $750,000

      Corner Lot Automotive/Office Property

      18,730 SF lot suitable for automotive, industrial, redevelopment.
      12969 W Hardy Rd, Houston, TX 77037
      View Details
    • $550,000

      Houston Commercial Land - Airline Dr.

      0.376 Acre lot, mixed-use zoning, high traffic.
      7713 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing
      1.36 Acres

      North Freeway Commercial Land

      1.36 Acres, High-Visibility Location
      9418 North Fwy, Houston, TX 77037
      View Details
    • $8,900,000

      Unincorporated Land Parcel Opportunity

      Unincorporated Harris County land parcel near Houston, Texas.
      230 W Canino Rd, Houston, TX 77037
      View Details
    • $1,450,000

      Redevelopment Opportunity in Houston Corridor

      1.057 acre site with 5,600SF building for redevelopment.
      151 West Rd, Houston, TX 77037
      View Details
    • $8,900,000
      11.68 Acres

      Houston Commercial Land - 11.68 Acres

      Prime investment opportunity, near IAH & Downtown.
      230 Canino Rd, Houston, TX 77037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,800 SF

      Retail Space with Excellent Visibility

      Retail space with high visibility and direct highway access.
      11006-11106 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing
      136,000 SF

      West Road Plaza Retail Center

      Houston Shopping Center - High Visibility
      45 West Rd, Houston, TX 77037
      View Details
    • Contact for pricing
      18,499 SF

      Houston Retail Center Investment Opportunity

      18,499 SF Strip Center, 15,000 SF Available
      10777 North Fwy, Houston, TX 77037
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Available For Lease

      2,400 SF retail space for lease in Houston, TX.
      461 W Gulf Bank Rd, Houston, TX 77037
      View Details
    • Contact for pricing
      71,906 SF

      Greenridge Shopping Center: Houston Retail

      Fiesta Mart-anchored retail space available in Houston.
      11006 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing
      59,354 SF

      Prime Aldine Retail Land Opportunity

      High-visibility Houston retail land, 59,354 sqft.
      9418 North Fwy, Houston, TX 77037
      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.
    7640 Airline Dr
    Houston, TX 77037-4604
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.