Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Robert Whitaker, Tomball, TX

    License ID: 0216231
    The Whitaker Company
    Years of Experience
    23

    Contact details

    Phone:
    (281) 300-0997

    Performance

    Listings
    14
    Total transactions
    3
    Total transactions amount
    $6M
    Price range
    $1.3M - 3M
    Average price
    $2M

    Listings

    For Sale (14)

    View map
    • $5,900,000
      18 SF

      Prime Land on FM 1097

      18 acres with frontage on FM 1097 in Montgomery, TX.
      17683 Farm To Market 1097, Montgomery, TX 77356
      View Details
    • $3,031,776
      5 SF

      Retail Development Opportunity Near Highway

      5.8 Acres retail development opportunity near Hwy 288 and Hwy 6.
      5523 County Road 48, Manvel, TX 77578
      View Details
    • Contact for pricing
      31 SF

      32 Acres on FM 1488

      32 acres of commercial land for sale on FM 1488.
      9802 Farm To Market Rd, Magnolia, TX 77354
      View Details
    • $5,200,000
      200 SF

      200 Acre Recreational Land Tract

      200-acre tract with highway frontage, ponds, cabin, and utilities.
      30 State Hwy, Richards, TX 77873
      View Details
    • $900,000
      1 SF

      Retail Development Site on FM 1774

      Prime retail development site with high traffic and utilities.
      35639 Farm To Market 1774, Pinehurst, TX 77362
      View Details
    • $575,000

      Prime Land on SH 249

      0.651 acres on SH 249 with road frontage.
      32210 Texas 249, Pinehurst, TX 77362
      View Details
    • $12,000,000
      10 SF

      Prime Land Near Texas Medical Center

      10.34 acres near Highway 288 and 610 South Loop West.
      301 South Loop West, Houston, TX 77021
      View Details
    • $987,000
      42 SF

      Navasota Land Near Aggie Expressway

      42-acre investment tract near Highway 249 and Aggie Expressway.
      4900 County Road 306, Navasota, TX 77868
      View Details
    • $3,400,000
      35 SF

      35 Acres on Hwy 75

      35 acres available on Hwy 75 and Foster Dr.
      East Hwy 75 & Foster Dr, Conroe, TX 77301
      View Details
    • $5,498,361
      18 SF

      Tomball Development Tract For Sale

      18.7 acres available near SH 249 in Tomball, TX.
      Lutheran Church Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Magnolia ETJ Development Site

      Unrestricted 0.90-acre development site with high traffic volume.
      Fm 1488 & Gable Cir, Magnolia, TX 77354
      View Details
    • $826,000
      7 SF

      Navasota Land with Highway Frontage

      7.582 acres near downtown Navasota with highway frontage.
      203 Veteran's Memorial Dr, Navasota, TX 77868
      View Details
    • $1,887,600
      29 SF

      29 Acres Development Investment Tract

      29 acres suitable for BTR or single/multifamily housing.
      Rabon Chapel Rd, Montgomery, TX 77316
      View Details
    • $826,000
      7 SF

      Navasota Land with Highway Frontage

      7.582 acres near downtown Navasota with highway frontage.
      203 Veteran's Memorial Dr, Navasota, TX 77868
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Robert Whitaker, Tomball, TX
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Send Message to
    Robert Whitaker, Tomball, TX
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    (281) 300-0997
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.