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

    990 Lockwood Dr Houston, TX 77020-7920

    • Grocery and convenience stores
    • 3,060 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4843069
    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

    • Chevron / Gas Station / Convenience Store
    • Athena Bitcoin ATM / Crypto Atm / Atm
    • Lockwood Travel Center / Convenience Store
    • Bitstop Bitcoin ATM / Crypto Atm / Atm

    Property Details for 990 Lockwood Dr

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    3,060 SF
    Property type
    Grocery and convenience stores
    APN
    1210520010003
    APU
    1210520010003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $322,000
      Market price range: $159k - $323k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $245,000
      Current use
      AUTO REPAIR, GARAGE
      $430,000
      Change: +77% Conversion: Difficult
      RETAIL STORES
      $305,000
      Change: +26% Conversion: Difficult
      MEDICAL BUILDING
      $195,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3152
    Latitude
    29.7629
    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
    $35,415
    $871,200
    $926,234
    $1,797,434
    -
    $871,200
    $926,234
    $1,797,434

    Comparable in this City

    • Value Estimation
      $370,000
      3,894 SF

      7614 Lyons Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 3,894 SF
      7614 Lyons Ave, Houston, TX 77020-5605
      View Details
    • Value Estimation
      $315,000
      4,530 SF

      5403 Sonora St

      CONVENIENCE STORE • 4,530 SF
      5403 Sonora St, Houston, TX 77020-7225
      View Details
    • Value Estimation
      $620,000
      21,098 SF

      7200 Lyons Ave

      GROCERY, SUPERMARKET • 21,098 SF
      7200 Lyons Ave, Houston, TX 77020-5453
      View Details
    • Value Estimation
      $280,000
      2,634 SF

      6120 Wallisville Rd

      CONVENIENCE STORE • 2,634 SF
      6120 Wallisville Rd, Houston, TX 77020-3050
      View Details
    • Value Estimation
      $255,000
      2,062 SF

      247 Kress St

      CONVENIENCE STORE • 2,062 SF
      247 Kress St, Houston, TX 77020-3169
      View Details
    • Value Estimation
      $220,000
      1,834 SF

      403 Lathrop St

      CONVENIENCE STORE • 1,834 SF
      403 Lathrop St, Houston, TX 77020-5235
      View Details

    Similar Nearby for Sale

    • $815,000
      2,612 SF

      Retail Space in Houston

      Retail property in a high-traffic Houston location for sale.
      1202 Lockwood Dr, Houston, TX 77020
      View Details
    • Contact for pricing
      4.40 Acres

      East Houston 4.4-Acre Development Site

      Prime East End land, ideal for development.
      419 Jensen Dr, Houston, TX 77020
      View Details
    • $69,000

      Two Adjacent Lots in Houston

      Two adjacent unimproved lots with building potential in rapidly rising neighborhood.
      2011 Waco St, Houston, TX 77020
      View Details
    • $75,000

      Development Ready Lot Near Downtown

      6,000 SF lot near Downtown Houston ready for development.
      2506 Harlem St, Houston, TX 77020
      View Details
    • $75,000

      Cleared Lot Near Urban Development

      Fenced, cleared lot ready for building near major developments.
      610 Cage St, Houston, TX 77020
      View Details
    • $950,000

      Market Street Land Opportunity

      Land available on Market Street in Houston, Texas.
      4604 Market St, Houston, TX 77020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,600 SF

      Retail Building For Lease

      Multi-tenant retail building available for lease near San Jacinto College.
      Wallisville Rd, Houston, TX 77020
      View Details
    • Contact for pricing
      22,488 SF

      Retail Space in Houston

      Retail property available for lease in Houston, Texas.
      5800 Lyons Ave, Houston, TX 77020
      View Details
    • Contact for pricing
      50,100 SF

      Industrial Warehouse with Outside Storage

      50,100 SF warehouse with fenced, stabilized storage.
      5702 Armour Dr, Houston, TX 77020
      View Details
    • Contact for pricing

      Lyons Ave Commercial Land Lease

      Prime 12,500 SF Corner Lot
      5910 Lyons Ave, Houston, TX 77020
      View Details
    • Contact for pricing
      283,480 SF

      Houston Warehouse Space Available

      283,480 square foot warehouse space for lease in Houston.
      17506 E Hardy St, Houston, TX 77020
      View Details
    • $1,100 /Mo

      Renovated Apartment Near Downtown Houston

      Recently renovated 2-bedroom apartment, conveniently located near Downtown Houston.
      5304 Arapahoe St, Houston, TX 77020
      View Details
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    990 Lockwood Dr
    Houston, TX 77020-7920
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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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