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

    29707 Tomball Pkwy Tomball, TX 77375

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail center with high visibility on Tomball Parkway.

    Property Features for 29707 Tomball Pkwy

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Ashley Strickland
    Source: Crexi

    Listing Agency: Palo Duro Commercial Partners Listing Agent: Ashley Strickland

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

    Learn more

    Overview

    Retail Space on Tomball Parkway

    This retail center is located at the southwest corner of SH-249 and Brown Road, adjacent to a new convenience store. The property benefits from its proximity to Lone Star College and Tomball Regional Medical Center. Situated in Tomball, Texas, the location offers frontage on the recently completed Tomball Parkway. The area is a strong retail corridor with a significant daytime population, supported by new business parks. The property features excellent visibility and direct accessibility from Highway 249, which sees more than 62,000 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Hair Salon Gym & Fitness Center Pharmacy Daycare Center Bar & Pub Department Store Hotel & Motel Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6453
    Latitude
    30.0721

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space with Drive-Thru

      1,400 SF retail space with drive-thru on Kuykendahl Rd.
      25245 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • $16 SF/Yr

      Tomball Office Suite For Lease

      New office suites in Tomball with upscale finishes available for lease.
      25420 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Industrial/Manufacturing Building For Lease

      6,250 SF industrial/manufacturing building with easy access to major highways.
      20252 Telge Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru in high-traffic area.
      25245 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Industrial/Manufacturing Building For Lease

      Industrial/manufacturing building with easy access to Grand Parkway and Highway 249.
      20248 Telge Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Tomball Flex Space For Lease

      Flex space available for lease with quick highway access.
      11701 Holderrieth Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      800 SF

      Tomball Retail/Flex Suites Available

      Retail/flex suites in a highly visible Tomball corridor.
      11703 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Tomball Retail and Office Spaces

      Retail and office spaces available in high-traffic Tomball location.
      701 E Main St, Tomball, TX 77375
      View Details
    • $695 /Mo
      216 SF

      Move-in Ready Office Suite

      Recently renovated office suite with utilities included in Tomball, TX.
      1427 Keefer Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Retail Space in Growing Area

      New retail space with convenient access and generous parking.
      11709 Boudreaux Rd, Tomball, TX 77375
      View Details
    • $3,900 /Mo
      2,500 SF

      Tomball Warehouses For Lease

      Two warehouses available for lease in a secluded area.
      23523 Lutheran Cemetery Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Tomball Office and Retail Center

      Professionally reimagined office and retail center with modern finishes.
      16131 N Eldridge Pkwy, Tomball, TX 77377
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail center with high visibility on Tomball Parkway.
    Where is this retail space located?
    The property is located at 29707 Tomball Pkwy Tomball, TX.
    What are key features of this property?
    This property features: - Prime location in Tomball, Texas, with frontage on the recently completed Tomball Parkway.; - Excellent visibility and direct accessibility from Highway 249 with high traffic volume (62,000 VPD).; - Strong retail corridor with a great daytime population aided by new business parks.
    Request Owner's contact information
    29707 Tomball Pkwy Tomball, TX 77375
    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.
    29707 Tomball Pkwy
    Tomball, TX 77375
    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
    29707 Tomball Pkwy Tomball, TX 77375
    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

    We can help!
    Listing Contact
    Ashley Strickland
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!