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    8234 Broadway St Houston, TX 77061
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    Property profile & analytics

    8234 Broadway St, Houston, TX 77061

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    • Drug stores
    • 12,983 SF
    • 1.31 lot acres
    For Lease
    $750,000
    View Listing →
    Retail Space on Broadway For Lease
    $750,000
    3,550 SF

    Retail Space on Broadway

    Retail suites available on high-traffic Broadway in Houston, TX.

    8234 Broadway St, Houston, TX 77061
    View Listing
    Property ID
    US82-2638085
    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

    • WSS / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Coinhub Bitcoin ATM Teller / Atm
    • Kauser Islam / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • CDReload - Online Bitcoin ATM / Atm / Crypto Atm

    Property Details for 8234 Broadway St

    Year built
    2002
    Construction
    BRICK
    Lot size
    1.31 lot acres
    Property type
    Drug stores
    APN
    1232780010001
    APU
    1232780010001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2017 — Realty Income Props 27 LLC Broadway Crossing Props LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $820,000
      Current use
      OFFICE BUILDING
      $905,000
      Change: +10% Conversion: Easy
      MEDICAL BUILDING
      $830,000
      Change: +1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $670,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2778
    Latitude
    29.6728
    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
    $32,111
    $426,570
    $1,231,047
    $1,657,617
    -
    $426,570
    $1,231,047
    $1,657,617

    Comparable in this City

    • Value Estimation
      $840,000
      15,269 SF

      8301 Broadway St

      DRUG STORE, PHARMACY
      8301 Broadway St, Houston, TX 77061-1801
      View Details
    • Value Estimation
      $1,075,000
      27,512 SF

      9100 Airport Blvd

      FINANCIAL BUILDING
      9100 Airport Blvd, Houston, TX 77061-3404
      View Details
    • Value Estimation
      $1,675,000
      36,070 SF

      8730 Canniff St

      RETAIL STORES (PERSONAL SERVICES)
      8730 Canniff St, Houston, TX 77061
      View Details
    • Value Estimation by Request
      2,910 SF

      7708 Airport Blvd

      RETAIL STORES (PERSONAL SERVICES)
      7708 Airport Blvd, Houston, TX 77061-4102
      View Details
    • Value Estimation by Request
      2,752 SF

      8600 Broadway St

      RETAIL STORES (PERSONAL SERVICES)
      8600 Broadway St, Houston, TX 77061-2204
      View Details
    • Value Estimation by Request
      4,400 SF

      7959 Bellfort St

      RETAIL STORES (PERSONAL SERVICES)
      7959 Bellfort St, Houston, TX 77061-1955
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kroozin Convenience Market Redevelopment Opportunity

      Redevelopment opportunity for a convenience market and fuel station.
      7990 Bellfort Ave, Houston, TX 77061
      View Details
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      Airport Blvd Hospitality Redevelopment Opportunity

      Former Motel 6 near Hobby Airport for value-add redevelopment.
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      1.7-Acre Lot Near Hobby

      1.7-acre lot with frontage on Hinman St, Houston, TX.
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      16,610 SF

      Industrial Warehouse For Sale

      16,610 SF industrial warehouse available for purchase.
      8527 W Monroe Rd, Houston, TX 77061
      View Details
    • Contact for pricing
      17 SF

      Land with Multi-Street Access

      17-acre land parcel with access via three streets.
      6950 Neuhaus St, Houston, TX 77061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space with Drive-Through Potential

      End-cap retail space suitable for drive-through restaurant.
      7241 Monroe Rd, Houston, TX 77061
      View Details
    • Contact for pricing

      Retail Space on Broadway

      Retail suites available on high-traffic Broadway in Houston, TX.
      8234 Broadway St, Houston, TX 77061
      View Details
    • Contact for pricing
      6,705 SF

      Industrial Space Available For Lease

      6,705 SF industrial space with office available for lease.
      7803 Hansen Rd, Houston, TX 77061
      View Details
    View Listing
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    Houston, TX 77061
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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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