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    2300 Loop Houston, TX 77027

    Sponsored
    For Sale
    Contact for pricing

    Exceptional commercial/residential land near Galleria.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 2.32-acre land parcel, located at 2300 West Loop South in Houston, Texas (Harris County, zip code 77027), presents a unique investment opportunity. The property's APN is 1192610010001. Its prime location offers unparalleled access to Houston's most desirable areas. Situated just one block from the vibrant downtown core, the Galleria, and the Center at Post Oak, this land boasts exceptional visibility and convenience. Across the street from the prestigious River Oaks District and Highland Village, the property benefits from the high-end residential and commercial activity in the immediate vicinity. The property is zoned for both residential and commercial uses, providing flexibility for a wide range of development possibilities. The exact pricing will be determined by market analysis. This location offers significant potential for high returns due to its proximity to affluent neighborhoods and major commercial centers. The property's size and location make it ideal for a variety of projects, from high-density residential developments to upscale commercial ventures. Interested parties are encouraged to conduct their own due diligence to assess the full potential of this remarkable opportunity. Latitude and longitude coordinates are 29.74315316 and -95.45886377 respectively.

    Property Features for 2300 Loop

    General Information

    Property type
    Land
    Lot Size
    101,059 SF

    HighLights

    • 2.32‑acre land parcel in Houston, TX.
    • Located one block from the Galleria and the Center at Post Oak.
    • Situated across from the River Oaks District and Highland Village.
    • APN: 1192610010001.
    • Price to be determined by market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Extended Stay America ... Extended Stay Hotel Brie Brie Boutique Clothing Store MultiGen Online Marketing ... Internet Marketing Service Extended Stay America ... Hotel

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.45886377
    Latitude
    29.74315316

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    FAQs

    What type of property is this?
    Land - Exceptional commercial/residential land near Galleria.
    Where is this land located?
    The property is located at 2300 Loop Houston, TX.
    What are key features of this property?
    This property features: 2.32-acre land parcel in Houston, TX.; Located one block from the Galleria and the Center at Post Oak.; Situated across from the River Oaks District and Highland Village.
    (281) 477-4384
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    2300 Loop Houston, TX 77027
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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.

    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
    2300 Loop Houston, TX 77027
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