Add Listing
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

    8590 Long Point Rd Houston, TX 77055

    • Drug stores
    • 16,955 SF
    • 1.46 lot acres
    For Lease
    View listing
    Value Estimations
    $1,175,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3916560
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • ATM / Atm

    Property Details for 8590 Long Point Rd

    Year built
    1996
    Construction
    BRICK
    Lot size
    1.46 lot acres
    Property size
    16,955 SF
    Property type
    Drug stores
    APN
    762250020004
    APU
    762250020004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,569,000
      Market price range: $793k - $1.90M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,375,000
      Current use
      AUTO REPAIR, GARAGE
      $1,705,000
      Change: +24% Conversion: Difficult
      RESTAURANT
      $1,620,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5003
    Latitude
    29.8035
    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
    $33,983
    $2,537,280
    $1,321,014
    $3,858,294
    -
    $2,537,280
    $1,321,014
    $3,858,294

    Comparable in this City

    • Value Estimation
      $1,690,000
      13,502 SF

      1002 Gessner Rd

      DRUG STORE, PHARMACY • 13,502 SF
      1002 Gessner Rd, Houston, TX 77055-6010
      View Details
    • Value Estimation
      $600,000
      4,946 SF

      9704 Katy Fwy

      FINANCIAL BUILDING • 4,946 SF
      9704 Katy Fwy, Houston, TX 77055-6205
      View Details
    • Value Estimation
      $635,000
      7,847 SF

      8607 Long Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,847 SF
      8607 Long Pt Rd, Houston, TX 77055-3032
      View Details
    • Value Estimation
      $605,000
      5,338 SF

      7803 Long Pt Rd

      FINANCIAL BUILDING • 5,338 SF
      7803 Long Pt Rd, Houston, TX 77055-3620
      View Details
    • Value Estimation by Request
      2,700 SF

      1805 Huge Oaks St

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      1805 Huge Oaks St, Houston, TX 77055-2024
      View Details
    • Value Estimation by Request
      6,497 SF

      1338 Blalock Rd

      FINANCIAL BUILDING • 6,497 SF
      1338 Blalock Rd, Houston, TX 77055-6428
      View Details

    Similar Nearby for Sale

    • $149,999

      Spacious Condo in Spring Branch

      Inviting 2-bedroom condo with utilities included near Memorial Park.
      7510 Shadyvilla Ln, Houston, TX 77055
      View Details
    • Contact for pricing
      25,771 SF

      Houston Warehouse - 25,771 SF

      Prime Houston industrial space; ideal for various uses.
      1221 Adkins Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Prime Land in Spring Branch

      Land for sale in high-traffic Spring Branch location.
      7511 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      1 SF

      Multifamily Property on Long Point

      24-unit multifamily property with high visibility and stable income.
      7507 Long Point Rd, Houston, TX 77055
      View Details
    • $1,395,000

      Spring Branch Acre Ready to Develop

      Cleared, fenced 1-acre lot in Spring Branch near elementary school.
      1911 Jacquelyn Dr, Houston, TX 77055
      View Details
    • Contact for pricing

      Land with Existing Building

      0.91 AC land with 2,522 SF building, utilities available.
      1111 Adkins Rd, Houston, TX 77055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      990 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      1551 Campbell Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      66,056 SF

      Spring Branch Retail Space for Lease

      Prime Houston Retail, Multiple Spaces Available
      8141 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      77,005 SF

      Retail Space in Spring Branch

      Retail spaces available in a busy Houston shopping center.
      8118-8130 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      130,012 SF

      Oak Village Shopping Center Investment

      Houston retail space, multiple units available.
      10002-10086 Long Point Rd, Houston, TX 77055
      View Details
    • $45 SF/Yr
      5,626 SF

      Houston Retail Center: Wirt Road

      Prime Houston retail space, 5,626 SF available.
      1406 Wirt Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      4,753 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      1242 Witte Rd, Houston, TX 77055
      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.
    8590 Long Point Rd
    Houston, TX 77055
    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.
    Sign Up Successful!
    You now have access to more from Realmo!