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    8705 Airline Dr Houston, TX 77037-2301
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    8705 Airline Dr Houston, TX 77037-2301

    View on Map
    • Retail space
    • 7,880 SF
    • 0.39 lot acres
    Off-Market
    Property ID
    US82-4127610
    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
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arnoldo's reparaciones de joyeria y / (Bike/Boat/Book/etc) Store
    • Windshield Repair Today of Houston / Auto Repair Shop
    • Coltelli sharpening / Sharpening Service
    • ATM (ATM Link, Inc.) / Atm
    • J&L GIFTSHOP / (Bike/Boat/Book/etc) Store

    Property Details for 8705 Airline Dr

    Year built
    1983
    Construction
    WOOD FRAME
    Lot size
    0.39 lot acres
    Property size
    7,880 SF
    Property type
    Retail space
    APN
    552280820007
    APU
    552280820007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $707,000
      Market price range: $227k - $708k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $775,000
      RESTAURANT
      $710,000
      WAREHOUSE, STORAGE
      $550,000
      OFFICE BUILDING
      $550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3934
    Latitude
    29.8862
    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
    $12,885
    $67,952
    $1,615,047
    $1,682,999
    -
    $67,952
    $1,615,047
    $1,682,999

    Comparable in this City

    • Value Estimation
      $1,295,000
      12,213 SF

      10407 Nn Fwy

      RETAIL STORES (PERSONAL SERVICES) • 12,213 SF
      10407 Nn Fwy, Houston, TX 77037-1136
      View Details
    • Value Estimation by Request
      2,448 SF

      617 Aldine Mail Rte Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,448 SF
      617 Aldine Mail Rte Rd, Houston, TX 77037
      View Details
    • Value Estimation
      $905,000
      14,908 SF

      9929 Nn Fwy

      RETAIL STORES (PERSONAL SERVICES) • 14,908 SF
      9929 Nn Fwy, Houston, TX 77037
      View Details
    • Value Estimation by Request
      1,125 SF

      7840 Airline Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,125 SF
      7840 Airline Dr, Houston, TX 77037-4608
      View Details
    • Value Estimation
      $660,000
      6,201 SF

      8720 Airline Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,201 SF
      8720 Airline Dr, Houston, TX 77037-2303
      View Details
    • Value Estimation by Request
      2,680 SF

      424 Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,680 SF
      424 Hl Rd, Houston, TX 77037-1713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Investment Opportunity in Houston

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      419,731 SF

      Grocery-Anchored Shopping Center Investment

      97% leased shopping center with value-add opportunity in Houston, TX.
      10251 North Fwy, Houston, TX 77037
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      Airline Drive Mixed-Use Lot

      0.3762 acre lot with mixed-use zoning allowance.
      7713 Airline Dr, Houston, TX 77037
      View Details
    • $750,000

      Mixed-Use Property for Sale

      Mixed-use property available for purchase in Houston, Texas.
      12969 West Hardy Rd, Houston, TX 77037
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      2,400 SF

      Retail Space Available For Lease

      2,400 SF retail space for lease in Houston, TX.
      461 W Gulf Bank Rd, Houston, TX 77037
      View Details
    • Contact for pricing
      60,000 SF

      Retail Space Near I-45

      Retail space with excellent visibility and access to major highways.
      10777 North Fwy, Houston, TX 77037
      View Details
    • Contact for pricing

      Retail Space in Greenridge Center

      Fiesta Mart anchored shopping center in North Houston.
      11006 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with excellent visibility and high traffic counts.
      45 West Rd, Houston, TX 77037
      View Details
    • Contact for pricing

      Retail Space in North Houston

      Fiesta Mart anchored shopping center with excellent visibility and access.
      11006-11106 Airline Dr, Houston, TX 77037
      View Details
    • Contact for pricing

      Industrial Storage Site Near I-45

      6-acre industrial site with I-45 frontage and high visibility.
      8455 North Fwy, Houston, TX 77037
      View Details
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    Houston, TX 77037-2301
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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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