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Property profile & analytics
OFF-MARKET
Retail space
8380 Spencer Hwy La Porte, TX 77571-3602
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2030261
Property summary
AI-generated overview
This exceptional investment opportunity presents a 9,800-square-foot retail storefront located at 8380 Spencer Hwy, La Porte, TX 77571, in Harris County. The property, built in 1978, sits on a 0.35-acre lot (15,225 sq ft) and boasts 14 parking spaces. Currently 100% occupied, this single-tenant, NNN-leased building offers significant income potential. The asking price is $765,000, translating to $78.06 per square foot. Benefitting from a prime corner location, the property enjoys exceptional visibility and high traffic counts, exceeding 19,306 AADT (TxDOT-2021). Its strategic proximity to major thoroughfares like Beltway 8, Highway 146, and Highway 225, coupled with its location near established retailers such as H-E-B, Walmart, Starbucks, Chick-fil-A, and ALDI, ensures consistent customer flow. The two-story building is ideal for a variety of retail uses. The property's APN is 102-181-000-0028. Serious inquiries only. Do not disturb tenants.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
CONCRETE BLOCKS
Total area
10,360 SF
Lot
0.35 ac (15,224 SF)
APN
1021810000028
UPID
US82-2030261
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Casselsco INC · 10 yrs held
Casselsco INC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$4,736
Tax year 2020
Assessed value
$669,342
Assessed 2024
Previous assessed
$639,706
+4.6% YoY
Effective rate
0.71%
On assessed value
Assessed land
$121,800
Assessed improvement
$547,542
Land market value
$121,800
Improvement market value
$547,542
Total market value
$669,342
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
10,360 SF
Lot
0.35 ac (15,224 SF)
APN
1021810000028
UPID
US82-2030261
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Casselsco INC
Entity
Mailing address
16610 SEA LARK RD, HOUSTON, TX 77062-5819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2016
—
Casselsco INC
—
Deed
related
$343,000 · Amegy Bk
Apr 1, 2016
—
Casselsco INC
Role Models Of America
Warranty Deed
related
—
Sep 1, 2015
$1,900,000
Americas Christian Cu
Medley Jason M|new Life Christian Fellowship/
Trustees Deed
related
—
Sep 15, 2014
—
Role Models Of America
New Life Christian Fellowship/
Grant Deed
related
—
Dec 3, 2012
—
New Life Christian Fellowship/
—
Deed Of Trust
related
$2,500,000 · Americas Christian Cu
—
—
Role Models Of America
—
Deed Of Trust
related
$128,750 · Texas Fndg
—
—
Casselsco INC
—
Deed Of Trust
related
$343,000 · Amegy Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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