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    Property profile & analytics

    8500 Almeda Genoa Rd Houston, TX 77075

    • Strip malls
    • 25,568 SF
    • 4.33 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3741007
    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

    • Pollos Asados La Silla / Restaurant
    • Watermill Express / Big Box & Wholesale Store
    • Cell phones tools / Electronics & Wireless Store
    • AP CBD SMOKE & VAPE SHOP {CBD VAPE THC KRATOM hookah grinders trays pens etc / (Bike/Boat/Book/etc) Store
    • Montano’s barber shop # 2 / Barber Shop

    Property Details for 8500 Almeda Genoa Rd

    Year built
    2003
    Construction
    METAL FRAME
    Lot size
    4.33 lot acres
    Property size
    25,568 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    342070140007
    APU
    342070140007

    Description

    Plaza Glory, located at 8500 Almeda Genoa Rd, Houston, TX 77075, presents a unique investment opportunity. This multi-building complex, totaling 50,880 square feet, sits on 4.32 acres of land and boasts a prime location in Harris County, near the intersection of Almeda Genoa Rd and Tollway 8. Built in 2003, the property comprises three buildings with a total of 22 suites, catering to diverse business needs. Currently, there are 3,000 square feet of vacant space available, with two contiguous spaces ranging from 2,000 to 2,400 square feet ideal for retail or office use. The property's diverse tenant mix includes coworking, traditional office, medical office, and executive office spaces, reflecting its adaptability and strong appeal to a wide range of businesses. Its strategic location within a major shopping center provides excellent visibility and accessibility, surrounded by supermarkets, medical facilities, banks, and numerous residential areas. The property is conveniently located just five minutes from Pearland, offering easy access to a thriving community and a large potential customer base. This versatile property offers significant potential for growth and return on investment. The property type includes retail, office, and restaurant space, making it suitable for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $725,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2659
    Latitude
    29.6255
    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
    $88,912
    $990,318
    $5,683,904
    $6,674,222
    -
    $990,318
    $5,683,904
    $6,674,222

    Comparable in this City

    • Value Estimation
      $930,000
      55,097 SF

      10505 Telephone Rd

      SHOPPING CENTER, STRIP CENTER • 55,097 SF
      10505 Telephone Rd, Houston, TX 77075-3629
      View Details
    • Value Estimation
      $680,000
      23,120 SF

      9715 Telephone Rd

      SHOPPING CENTER, STRIP CENTER • 23,120 SF
      9715 Telephone Rd, Houston, TX 77075-2056
      View Details
    • Value Estimation
      $555,000
      15,339 SF

      9885 Blackhawk Blvd

      SHOPPING CENTER, STRIP CENTER • 15,339 SF
      9885 Blackhawk Blvd, Houston, TX 77075-2247
      View Details
    • Value Estimation
      $805,000
      47,035 SF

      11030 Kingspoint Rd

      SHOPPING CENTER, STRIP CENTER • 47,035 SF
      11030 Kingspoint Rd, Houston, TX 77075-4102
      View Details
    • Value Estimation
      $505,000
      25,020 SF

      10900 Kingspoint Rd

      SHOPPING CENTER, STRIP CENTER • 25,020 SF
      10900 Kingspoint Rd, Houston, TX 77075-4120
      View Details
    • Value Estimation by Request
      13,563 SF

      10824 Kingspoint Rd

      SHOPPING CENTER, STRIP CENTER • 13,563 SF
      10824 Kingspoint Rd, Houston, TX 77075-4118
      View Details

    Similar Nearby for Sale

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      Restaurant with Drive-Thru For Sale

      2,240 SF restaurant with drive-thru, renovated in 2020.
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    • $195,000

      Commercial Land Near Beltway 8

      16,769 sq ft lot near major freeways.
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      1.33 Acres

      Prime Pearland Retail Land Opportunity

      High-traffic retail land near major brands.
      0 Swc Bw 8 & Pearland Pkwy, Houston, TX 77075
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    • $1,890,504
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      Houston Commercial Land - Monroe Rd

      5.6 Acres, City Utilities, Great Access
      0 Monroe Rd, Houston, TX 77075
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    • $75,000
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      Houston Skyscraper Land Plot

      Prime 0.19-acre lot in Houston, TX.
      0 Houston Skyscraper -, Houston, TX 77075
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    Similar Nearby for Lease

    • Contact for pricing
      1,469 SF

      Retail Space For Rent

      Retail space available for lease in Houston, Texas.
      11030 Kingspoint Rd, Houston, TX 77075
      View Details
    • Contact for pricing

      Retail Space Near Almeda Mall

      Retail property situated as an outparcel to Almeda Mall.
      620 Almeda Mall, Houston, TX 77075
      View Details
    • $12 SF/Yr
      25,174 SF

      Prime Houston Retail Space Available

      High-traffic location, flexible space options.
      9990 Kleckley Dr, Houston, TX 77075
      View Details
    • Contact for pricing
      50,880 SF

      Plaza Glory: Houston Office Space

      Versatile Houston Office & Retail Space
      8500 Almeda Genoa Rd, Houston, TX 77075
      View Details
    • Contact for pricing
      13,008 SF

      Kingspoint Road Warehouse Space Available

      13,008 square foot warehouse space for lease.
      10902 Kingspoint Rd, Houston, TX 77075
      View Details
    • Contact for pricing
      54,454 SF

      Warehouse Ready For Occupancy

      54,454 SF warehouse space available for lease.
      11217 Telephone Rd, Houston, TX 77075
      View Details
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    Houston, TX 77075
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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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