Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Highway 59 Title is generated by Realmo AI

    0 Eastex Freeway, Humble, TX 77396

    View on Map
    Claim this Listing
    For Sale
    $689,000

    Commercial land with frontage on Highway 59 North.

    Type:Land or Vacant Lot
    Lot size:
    0.88 Acres
    Added:
    Oct 23, 2017
    Days on Market:
    3144
    Last Refresh:
    May 11 at 12:06 am

    Property Features for 0 Eastex Freeway

    General Information

    Standard status
    Active
    Lot size
    0.88 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    TOKE ETTEHADIEH

    Listing agent TOKE ETTEHADIEH License #0577559

    Listing office CENTURY 21 OLYMPIAN - TOKE PROPERTIES

    Listing date Oct 23, 2017

    Source Corcoran

    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 CENTURY 21 OLYMPIAN - TOKE PROPERTIES

    HighLights

    • 170 feet of frontage on HWY 59 N.
    • Located on HWY 59 N and Beltway 8.
    • Commercial land suitable for development.
    • High visibility and frontage.
    • Great site for a small motel.
    • Great site for a single standing commercial building.

    Overview

    This commercial land offers 170 feet of frontage on Highway 59 North at Beltway 8. The site is suitable for a small motel or a single-standing commercial building. The property benefits from high visibility and frontage on Highway 59 North and Beltway 8.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2632
    Latitude
    29.9512

    Nearby Similar for Sale

    • $825,000
      4,495 SF

      Humble Office Building For Sale

      Professional office building on a high-visibility corner lot.
      20103 Aldine Westfield Road, Humble, TX
      View Details
    • $2,700,000
      24,750 SF

      Multi-Tenant Industrial Asset For Sale

      24,750 SF multi-tenant industrial asset on 2.05 acres.
      16820 Lee Rd, Humble, TX 77396
      View Details
    • $675,000

      Humble Retail and Commercial Land

      1.12 acre commercial property in a high-visibility Humble location.
      8901 Fm 1960 Bypass Rd W, Humble, TX
      View Details
    • $1,775,000
      9,977 SF

      Newly Constructed Industrial Space

      Shallow-bay industrial space in Humble, Texas, delivered in 2024.
      2323 S Houston Ave Building #10, Humble, TX 77396
      View Details
    • $1,438,000
      5,781 SF

      Humble Retail/Office Investment Opportunity

      Income-producing retail/office property with high visibility and easy access.
      17717 EASTEX FWY, Humble, TX
      View Details
    • Contact for pricing
      10,280 SF

      Humble Retail Showroom on Highway

      10,280 SF showroom on 0.96 AC available for sale.
      20155 Highway 59 N, Humble, TX 77338
      View Details
    • $590,000

      High-Traffic Commercial Lot on Wilson Road

      1.18-acre commercial lot with high visibility and easy access.
      00 Wilson Road, Humble, TX 77338
      View Details
    • $563,800

      Cleared Waterfront Commercial Land Available

      2 acres of development-ready land on Townsen Boulevard.
      20550 Townsen Boulevard, Humble, TX 77338
      View Details
    • $1,400,000
      253 SF

      Atascocita Two-Story Office Building

      Two-story office building with short-term leases in Atascocita.
      8530 E FM 1960 RD, Humble, TX
      View Details
    • $555,000

      Unrestricted Land on FM 1960

      Commercial land with frontage on FM 1960 East.
      7927 FM 1960 East Humble, TX 77346
      View Details
    • $750,000
      4,200 SF

      Humble Commercial Property For Sale

      Versatile commercial property with office and warehouse space in Humble.
      5809 Albert Dr, Humble, TX 77396
      View Details
    • $15,000

      Atascocita Commercial Lot For Sale

      5,000 square foot commercial lot in Continental Plaza.
      00 Pacific Dr, Humble, TX 77346
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with frontage on Highway 59 North.
    Where is this commercial land located?
    The property is located at 0 Eastex Freeway Humble, TX.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: 170 feet of frontage on HWY 59 N.; Located on HWY 59 N and Beltway 8.; Commercial land suitable for development.
    (832) 246-7400
    We can help!
    Listing Contact
    TOKE ETTEHADIEH
    Real Estate License ID: 0577559
    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

    Thank You for Inquiry
    0 Eastex Freeway, Humble, TX 77396
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!