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

    9240 N Sam Houston Pkwy E Humble, TX

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

    New retail and medical space near Beltway 8.

    Type:OFFICE
    Lot size:
    807.00 Acres
    Added:
    Aug 26, 2020
    Days on Market:
    2074
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 9240 N Sam Houston Pkwy E

    General Information

    Standard status
    Active
    Lot size
    807.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 9240 N Sam Houston Pkwy E Contact us

    We can help!

    Listing Contact
    Adam McAlpine
    Adam McAlpine

    Listing agent Adam McAlpine License #600646

    Listing office McAlpine Interests

    Listing date Aug 26, 2020

    Source Moodyscre

    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 McAlpine Interests

    Overview

    Retail/Medical Space Near Beltway 8

    This new medical and retail building is set to be completed in Q4 2019. It features 16,615 square feet of retail space on the first floor and 16,065 square feet of office and medical space on the second floor. The parking ratio is approximately 4.8 per 1,000 square feet. Conveniently located just off Beltway 8 at Bellows Falls, the center borders Fall Creek, a master-planned community by Johnson Development. It offers easy access to Beltway 8, George Bush Intercontinental Airport, I-69/US 59, I-45, and FM 1960. Retail and other commercial businesses are in the immediate area, providing access to restaurants and shopping. The surrounding neighborhoods exhibit excellent income and population growth. The property is located 5 minutes from the Golf Club of Houston and 20 minutes from Downtown Houston. It is also in close proximity to Generation Park, a 4,000-acre master-planned enterprise park, which will be the largest new commercial development in Houston, including FMC Technologies' new 12,000-employee campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Khanh Le ... Physician Dr. Randy Chung, ... Physician Health Rising Direct ... Pediatrician Texas Digestive Disease ... Physician Local Pho Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 9603 N Sam Houston Pkwy E, Humble, TX 77396
    • Canyon Lakes Veterinary Clinic — 9739 N Sam Houston Pkwy E #110, Humble, TX 77396

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2515
    Latitude
    29.9329

    Nearby Similar for Lease

    • $1.20 SF/Yr

      Northeast Houston Flex Space Available

      5,000 SF flex space for rent in Humble, Texas.
      2010 Rotary Drive, Humble, TX 77338
      View Details
    • $3,392/Mo

      Flex Space Available For Lease

      Flex space with office, grade-level door, and HVAC.
      1715 Humble Place Drive, Suite C, Humble, TX 77338
      View Details
    • $17 SF/Yr

      Medical Office Condo For Rent

      Medical office condo with highway access and ample parking.
      18838-18842 S Memorial Dr, Humble, Texas 77338
      View Details
    • $500/Mo

      Humble Place Office Space

      Office space in Humble Place Business Park available for lease.
      1931 Humble Place Drive, Humble, TX
      View Details
    • $1.05 SF/Yr

      New Construction Warehouse in Humble

      9,000 SF warehouse with offices to suit for rent.
      8101-8102 Cedar Pond Drive, Humble, TX
      View Details
    • $20 SF/Yr

      Kingwood Office Space For Rent

      Prime Kingwood location, turnkey ready for law firm.
      4300 TOWN CENTER PL, Humble, TX
      View Details
    • $650/Mo

      Kingwood Office Space For Rent

      Office space in a growing community with convenient highway access.
      1521 Green Oak Place, Humble, TX
      View Details
    • $1.10 SF/Yr

      Humble Retail Space Available

      Retail space with offices in Humble, Texas for lease.
      8077 E FM 1960 Road, Humble, TX
      View Details
    • Contact for pricing

      Humble Warehouse and Office Space

      170,991 SF warehouse with office space for lease.
      9456 McKay Center Dr., Humble, TX, 77338
      View Details
    • Contact for pricing

      Medical Office Building For Lease

      Class A medical office with surgery center, shell spaces available.
      1485 FM 1960 Byp E, Humble, TX 77338
      View Details
    • Contact for pricing

      Medical Office Building For Lease

      Class A medical office space with direct tollway access.
      9701 N Sam Houston Pky, Humble, TX 77396
      View Details
    • $22,000 SF/Yr

      Crane Served Warehouse For Lease

      20,000 SF warehouse with cranes, office, and fenced yard.
      14446 Smith Road, Humble, TX
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - New retail and medical space near Beltway 8.
    Where is this medical office space located?
    The property is located at 9240 N Sam Houston Pkwy E Humble, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: New construction completed in Q4 2019, offering retail and office/medical space.; High parking ratio of 4.8/1,000 SF.; Excellent access to Beltway 8, I‑69/US 59, I‑45, FM 1960, and George Bush Intercontinental Airport.
    (281) 973-4562 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam McAlpine
    Adam McAlpine
    Real Estate License ID: 600646
    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!