Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11031 Spell Rd Tomball, TX 77375

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,900 SF warehouse with residence on 12 acres.

    Type:Land
    Property size:
    5,900 SF
    Lot size:
    12.00 Acres
    Price / SF:
    $508/SF
    Added:
    Oct 15, 2022
    Days on Market:
    1293
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 11031 Spell Rd

    General Information

    Standard status
    Active
    Size
    5,900 SF
    Lot size
    12.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Joyce

    Listing agent Chris Joyce License #TX 695869

    Listing office Texas Commercial Real Estate Services

    Listing date Oct 15, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Texas Commercial Real Estate Services

    Overview

    Warehouse with Residence on Acres

    A 5,900 square foot warehouse with an integrated residence or office is available for sale. The property is situated on approximately 12 acres of land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.58375
    Latitude
    30.071842

    Nearby Similar for Sale

    • $871,200

      Tomball Land Near SH 249

      Two acres in a rapidly growing area near major roads.
      2 Acres Red Fox Road, Tomball, TX 77377
      View Details
    • $999,999
      5,074 SF

      Tomball Showroom with Warehouse Space

      Showroom with warehouse in high-traffic retail corridor, across from H-E-B.
      1404 MAIN, Tomball, TX
      View Details
    • $554,400
      420 SF

      Prime Commercial Unit For Sale

      420 sq ft unit ideal for retail or office use.
      11606 Westlock Drive, Tomball, TX
      View Details
    • $795,000
      1,222 SF

      Tomball Office Building on Main

      Remodeled office building in the heart of Tomball, Texas.
      724 W Main St, Tomball, TX
      View Details
    • $400,000
      2,000 SF

      Tomball Commercial Site with Office

      Unrestricted 0.9-acre site with office building in Tomball, TX.
      14410 Mary Jane Lane, Tomball, TX 77377
      View Details
    • $785,000

      Unrestricted Development Tract Near Tomball

      2.5 acres of unrestricted land with utilities and flexible zoning.
      24902 Elmira Street, Tomball, TX
      View Details
    • $875,000

      Tomball Commercial Property For Sale

      Income-producing commercial property leased to DeNovo Coffee Company.
      520 W Main St, Tomball, TX
      View Details
    • $713,512

      Prime Tomball Land For Sale

      2.34 AC tract with high visibility and flexible zoning.
      FM 2920, Tomball, TX
      View Details
    • $595,000
      2,677 SF

      Tomball Warehouse with Office Space

      Versatile warehouse near downtown Tomball with secure, accessible features.
      14510 Mary Jane Lane, Tomball, TX
      View Details
    • $650,000

      Unrestricted Land Near Woodlands Tomball

      2.1-acre unrestricted lot near Woodlands Tomball area with utilities.
      1323 E Huffsmith Road, Tomball, TX 77375
      View Details
    • $648,000
      4,800 SF

      Shell Condition Industrial Building

      4800 sq ft industrial building in shell condition for sale.
      22205 Mueschke Rd, Tomball, TX
      View Details
    • $3,250,000

      Tomball Land on FM 2920

      Highly visible 10.5+/- acre tract on FM 2920.
      18935 Fm 2920 Rd, Tomball, TX 77377
      View Details

    FAQs

    What type of property is this?
    Land - 5,900 SF warehouse with residence on 12 acres.
    Where is this land located?
    The property is located at 11031 Spell Rd Tomball, TX.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: ±5,900 SF Warehouse on property; Residence/Office Included; ±12 Acres of Land
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Joyce
    Real Estate License ID: TX 695869
    Learn More
    Request Owner's contact information
    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.

    More about this property
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!