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    11111 W Montgomery Rd Houston, TX 77088

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    For Sale
    Contact for pricing

    2000-vintage community near major Houston employment centers.

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    Listing Contact
    Carter Mizell
    Source: Nmrk

    Listing Agent: Carter Mizell

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

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    Overview

    Well-Maintained Community with Upgrade Potential

    Woodglen Village is a community built in 2000, featuring two- and three-bedroom units. The property is located less than 0.25 miles from Texas State Highway 249 and 3 miles from Beltway 8 and Interstate 45, providing access to Houston’s major employment centers, including Pinto Business Park, North Houston District, Vintage Park, the 290 Corridor, Memorial City/City Centre, and the Central Business District. Pinto Business Park is 4 miles away, and the North Houston District is 4.8 miles away. George Bush Intercontinental Airport is 8 miles from the property. Several major healthcare employers are located within 20 minutes of the property, including Memorial Hermann Greater Heights, Memorial Hermann Memorial City Medical Center, Cypress Fairbanks Medical Center, North Cypress Medical Center, and St. Luke’s Health – The Vintage Hospital. Community amenities include a renovated clubhouse, business center, swimming pool, fitness center, dog park, and outdoor grills. The property consists of 50% upgraded units and 50% classic units. Upgraded units feature stainless steel appliances, granite countertops, upgraded cabinets with pulls, new vinyl plank flooring, upgraded lighting and plumbing fixtures, and kitchen tile backsplash. Every unit includes full-size washer/dryer connections.
    Location Intelligence

    Current Use by Public Records

    Prolimsa Cleaners Midtownswimmingpoolservice Swimming Pool Repair Service Ridge water pool ... Swimming Pool Grace Community Services Social Services Organization Left Minded Management ... Business Management Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.463304
    Latitude
    29.89405

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    FAQs

    What type of property is this?
    Apartment building - 2000-vintage community near major Houston employment centers.
    Where is this apartment building located?
    The property is located at 11111 W Montgomery Rd Houston, TX.
    What are key features of this property?
    This property features: - Value-add opportunity: Upgrade remaining Classic units for $100+ rent premiums.; - Prime location: Convenient access to Texas State Highway 249, Beltway 8, and Interstate 45.; - Proximity to major healthcare employers (less than 20 minutes).
    (713) 554-0133
    Request Owner's contact information
    11111 W Montgomery Rd Houston, TX 77088
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    Houston, TX 77088
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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
    11111 W Montgomery Rd Houston, TX 77088
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    Listing Contact
    Carter Mizell
    (713) 554-0133
    Learn more
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