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

    9450 Hammerly Blvd Houston, TX 77080-5400

    • Drug stores
    • 19,106 SF
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4302134
    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

    • Village Medical at Walgreens - Spring Branch / Medical Clinic
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Huma Iftikhar, MD / Medical Clinic
    • Village Medical at Walgreens / Medical Clinic
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 9450 Hammerly Blvd

    Year built
    2001
    Construction
    BRICK
    Lot size
    1.63 lot acres
    Property size
    19,106 SF
    Property type
    Drug stores
    APN
    751250010001
    APU
    751250010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,380,000
      Current use
      OFFICE BUILDING
      $1,330,000
      Change: -4% Conversion: Easy
      MEDICAL BUILDING
      $1,220,000
      Change: -12% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,140,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.524
    Latitude
    29.8104
    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
    $34,050
    $1,773,425
    $1,534,351
    $3,307,776
    -
    $1,773,425
    $1,534,351
    $3,307,776

    Comparable in this City

    • Value Estimation
      $1,955,000
      16,539 SF

      2808 Gessner Rd

      DRUG STORE, PHARMACY • 16,539 SF
      2808 Gessner Rd, Houston, TX 77080-2504
      View Details
    • Value Estimation
      $1,635,000
      13,335 SF

      9455 Hammerly Blvd

      DRUG STORE, PHARMACY • 13,335 SF
      9455 Hammerly Blvd, Houston, TX 77080-5448
      View Details
    • Value Estimation by Request
      1,251 SF

      2417 Gessner Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,251 SF
      2417 Gessner Rd, Houston, TX 77080
      View Details
    • Value Estimation by Request
      8,800 SF

      9303 Clay Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,800 SF
      9303 Clay Rd, Houston, TX 77080-1513
      View Details
    • Value Estimation by Request
      2,366 SF

      9607 Clay Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 2,366 SF
      9607 Clay Rd, Houston, TX 77080-1219
      View Details
    • Value Estimation by Request
      2,640 SF

      9481 Kempwood Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      9481 Kempwood Dr, Houston, TX 77080-2838
      View Details

    Similar Nearby for Sale

    • $5,742,000
      29,280 SF

      Versatile Commercial Property For Sale

      Commercial property with open layout, ample parking, and flexible zoning.
      10101 Hammerly Blvd, Houston, TX 77080
      View Details
    • $650,000

      Large Lot in Spring Branch

      Nearly half-acre lot in Spring Branch district, selling for lot value.
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    • Contact for pricing

      Retail Property on Gessner Road

      Retail property for sale at 2060 Gessner Rd, Houston.
      2060 Gessner Rd, Houston, TX 77080
      View Details
    • $1,900,000

      Turnkey Restaurant Space For Sale

      Established restaurant property in Northwest Houston with high-visibility frontage.
      5320 Hollister St, Houston, TX 77080
      View Details
    • $115,000

      Updated Condo in Spring Branch

      Updated 2-bedroom condo with modern finishes in central location.
      9436 Neuens Rd, Houston, TX 77080
      View Details
    • Contact for pricing
      30,194 SF

      Houston Flex Space For Sale/Lease

      ±30,194 SF Industrial Property in Houston
      3815 Hollister St, Houston, TX 77080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,988 SF

      Retail Space in Spring Branch

      Neighborhood shopping center in Houston's Spring Branch District.
      1900 Blalock Rd, Houston, TX 77080
      View Details
    • Contact for pricing
      58,224 SF

      Madisonville Commons Retail Center

      Houston Retail Space: High Visibility, Ample Parking
      2543-2567 Gessner Rd, Houston, TX 77080
      View Details
    • Contact for pricing
      6,781 SF

      Retail Space Available For Lease

      Retail property available for lease, offering 6781 square feet.
      2405 S Gessner Rd, Houston, TX 77080
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with Planned Remodel

      Retail property for lease with remodeling scheduled for 2025.
      8788 Hammerly Blvd, Houston, TX 77080
      View Details
    • $24 SF/Yr
      3,400 SF

      Houston Office Space: 3400 sq ft

      Versatile office space, ample parking, prime location.
      3756 Roma St, Houston, TX 77080
      View Details
    • Contact for pricing
      33,293 SF

      Warehouse Space Available for Lease

      4,000 SF warehouse space with office and HVAC.
      1734 Elmview Dr, Houston, TX 77080
      View Details
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    9450 Hammerly Blvd
    Houston, TX 77080-5400
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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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