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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8800 Sam Houston Pkwy Houston, TX 77099

    • Strip malls
    • 249,804 SF
    • 21.40 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9433619
    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

    • IMA Houston Karate / Training Center
    • Angel Export Import / Big Box & Wholesale Store
    • Tax & Mortgage / Financial Advisor
    • Stanberry High School / High School
    • Vovinam Bellaire Martial Arts Center / Training Center / Sports School

    Property Details for 8800 Sam Houston Pkwy

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    21.40 lot acres
    Property size
    249,804 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1288840010004
    APU
    1288840010004

    Description

    This exceptional 258,884 square foot retail center, situated on a substantial 932,297 square foot lot at 8800 W Sam Houston Pkwy S in Houston, Harris County, Texas, presents a compelling investment opportunity. Built in 1988, the property boasts a prime location along the heavily trafficked W Sam Houston Parkway, ensuring high visibility and accessibility for tenants. The multi-tenant configuration offers flexibility for a diverse range of retail businesses. Ample parking is available, catering to the needs of both tenants and customers. The strategic location within a bustling commercial corridor, coupled with proximity to residential areas, promises significant foot and vehicular traffic. This translates to strong potential for tenant occupancy and consistent revenue generation. The property's size and location make it an ideal investment for those seeking a substantial retail holding in a thriving Houston market. The lease rate is $1.5 per square foot, plus $0.80 in NNN expenses. This well-established retail center offers a rare chance to acquire a significant asset in a prime location. The zip code is 77099.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5613
    Latitude
    29.6835
    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
    $122,643
    $7,269,076
    $3,275,311
    $10,544,387
    -
    $7,269,076
    $3,275,311
    $10,544,387

    Comparable in this City

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      10816 Bellfort Ave

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    • Value Estimation
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      95,928 SF

      11927 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 95,928 SF
      11927 Bissonnet St, Houston, TX 77099-1425
      View Details

    Similar Nearby for Sale

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      Prime Land in International District

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    • $888,000

      Prime Houston Commercial Land

      22,910 SF Commercial Lot - $888,000
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      Prime Commercial Lot in Houston

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    Similar Nearby for Lease

    • $18 SF/Yr
      258,884 SF

      Houston Retail Center Investment Opportunity

      High-traffic retail center in Houston, TX
      8800 Sam Houston Pkwy, Houston, TX 77099
      View Details
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    • Contact for pricing
      19,240 SF

      West Belt Center: Retail Space Available

      Prime Houston Retail, Restaurant, Office Space
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      Wilcrest Retail Center - Two Spaces Available

      High-visibility retail spaces in prime location.
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      View Details
    • Contact for pricing
      27,528 SF

      Houston Flex Building For Lease

      Flex building in Houston with suites available for lease.
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    Houston, TX 77099
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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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