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    915 Henderson St Houston, TX 77007

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    915 Henderson St Houston, TX 77007

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    • Retail space
    • 3,854 SF
    Off-Market
    Property ID
    US83-1290186
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Houston's Leading Group Of Photographers / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 915 Henderson St

    Year built
    1920
    Property size
    3,854 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional mixed-use property, located at 915 Henderson St in Houston, Texas, presents a unique investment opportunity. The 3,854 square foot building, constructed in 1920, boasts a charming storefront on a 3,962 square foot lot. Its prime location in the Historic Sixth Ward offers impressive views of the Houston skyline and is conveniently situated near Memorial Drive and Allen Parkway. The property's proximity to downtown attractions and popular restaurants makes it highly desirable. Residents and patrons can easily access the Buffalo Bayou trails for recreation. The two-story building is currently configured as a duplex, offering versatile options for future development or continued use as a multi-family dwelling with retail space. The asking price is $980,000. This property is for sale by owner and presents a rare chance to acquire a piece of Houston's rich history in a thriving urban location. The property's zip code is 77007, and it is situated in Harris County. This is an ideal opportunity for investors seeking a blend of residential and commercial income potential in a highly sought-after neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3795923
    Latitude
    29.7674942

    Comparable in this City

    • $725,000

      Heights Area Versatile Layout Property

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      543 Studewood St, Houston, TX 77007
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      Freestanding Retail on Washington Avenue

      Retail/commercial building with parking in the heart of Washington corridor.
      4215 Washington Ave, Houston, TX 77007
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      Taylor Heights Multifamily Investment Opportunity

      Class A multifamily property in Houston's Lower Heights/Sawyer Yards.
      2000 Taylor St, Houston, TX 77007
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    Similar Nearby for Sale

    • $725,000

      Heights Area Versatile Layout Property

      Duplex with commercial possibilities near downtown Houston.
      543 Studewood St, Houston, TX 77007
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      Freestanding Retail on Washington Avenue

      Retail/commercial building with parking in the heart of Washington corridor.
      4215 Washington Ave, Houston, TX 77007
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      Taylor Heights Multifamily Investment Opportunity

      Class A multifamily property in Houston's Lower Heights/Sawyer Yards.
      2000 Taylor St, Houston, TX 77007
      View Details

    Similar Nearby for Lease

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      1,280 SF

      Retail Space on White Oak

      Retail space suitable for restaurants, cafes, and boutique retail.
      3601-3607 White Oak Dr, Houston, TX 77007
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      1,823 SF

      Mixed-Use Retail Space Available

      Retail space in a premier mixed-use development.
      1111 Shepherd Dr, Houston, TX 77007
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      Retail Space in Lower Heights

      Retail and restaurant space in a mixed-use urban project.
      2770 Summer St, Houston, TX 77007
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      Retail Space Near Memorial Park

      Retail space near Memorial Park, suitable for retail or office.
      6202 Washington Ave, Houston, TX 77007
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      Retail Space for Lease

      Retail space available for lease in Houston, Texas.
      1410 Shepherd Dr, Houston, TX 77007
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      2,080 SF

      Retail Space in Vibrant Corridor

      Retail space in Houston, close to major thoroughfares.
      2802 White Oak Dr, Houston, TX 77007
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    Houston, TX 77007
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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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