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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7734 Canal St Houston, TX 77012

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2732432
    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

    • Commercial real estate

    Property Details for 7734 Canal St

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity encompasses two adjacent lots totaling 12,500 square feet, ideally situated at 7734 Canal Street in Houston, Texas, zip code 77012. Located in the rapidly revitalizing Magnolia Park neighborhood within the East End of Houston, this property presents a unique chance to capitalize on significant growth. The lots are zoned for both commercial and residential use, offering unparalleled flexibility for development. The area boasts rich cultural history and is experiencing a surge in popularity, driven by its proximity to downtown Houston and major transportation arteries. This prime location ensures easy access to the city's amenities and a thriving community. The ongoing development and increasing demand for both housing and commercial spaces in Magnolia Park make this an attractive prospect for investors seeking strong rental income or long-term appreciation. The asking price for both lots is $125,000, representing a compelling entry point into one of Houston's most exciting and dynamic neighborhoods. Don't miss this chance to be part of Magnolia Park's transformative future. This property is being offered for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2853035
    Latitude
    29.7347337

    Comparable in this City

    • $275,000

      Houston Triplex Near Texas Medical

      Three-unit property near Texas Medical Center, University of Houston, Downtown.
      7525 Canal St, Houston, TX 77012
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    • $380,000

      Renovated Duplex Near Texas Medical

      Fully renovated duplex with modern amenities, ideal for rental income.
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      East End Six-Plex Investment Opportunity

      Income-generating six-plex in Houston's East End neighborhood.
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      Houston Triplex with Upgraded Units

      Triplex with upgraded units, great natural light, and no HOA.
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    • $350,000
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      Brays Bayou Greenway Land

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    • $349,000

      Unrestricted Land Near Sellers Brothers

      1/3 acre of unrestricted land with high visibility.
      2002 Broadway St, Houston, TX 77012
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    Similar Nearby for Sale

    • $275,000

      Houston Triplex Near Texas Medical

      Three-unit property near Texas Medical Center, University of Houston, Downtown.
      7525 Canal St, Houston, TX 77012
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    • $380,000

      Renovated Duplex Near Texas Medical

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      7909 Goode St, Houston, TX 77012
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    • $490,000

      East End Six-Plex Investment Opportunity

      Income-generating six-plex in Houston's East End neighborhood.
      716 S 79Th St, Houston, TX 77012
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    • $370,000

      Houston Triplex with Upgraded Units

      Triplex with upgraded units, great natural light, and no HOA.
      7318 Dahlia St, Houston, TX 77012
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    • $350,000
      0.39 Acres

      Brays Bayou Greenway Land

      Land near Brays Bayou Greenway Trail, Houston, TX.
      7932 Brays St, Houston, TX 77012
      View Details
    • $349,000

      Unrestricted Land Near Sellers Brothers

      1/3 acre of unrestricted land with high visibility.
      2002 Broadway St, Houston, TX 77012
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
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      Lawndale Business Park Warehouses

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    • Contact for pricing
      5,000 SF

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    7734 Canal St
    Houston, TX 77012
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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.

    More about this property
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