Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1111-1211 Highway 6 Sugar Land, TX 77478

    • Retail properties
    • 128,210 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1111-1211 Highway 6

    Year built
    1994
    Property size
    128,210 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional two-story medical office building, located at 1111-1211 Highway 6 in Sugar Land, Texas, 77478, offers a prime opportunity for medical professionals. The building, constructed in 1994, boasts a total of 128,210 square feet and is classified as Class B. Currently, there is 16,385 square feet of vacant space available, divisible into units as small as 886 square feet, with a maximum contiguous space of 3,268 square feet. Tenants can benefit from ample free surface parking and convenient elevator access. The building's location in Fort Bend County provides easy access for patients and staff. The property is ideal for a variety of medical practices, offering flexible space options to accommodate diverse needs. With its strategic location and substantial available space, this medical office building presents a compelling investment opportunity in a thriving Texas market. The building features multiple tenancies, providing a diverse tenant base. The property is situated in a convenient location with easy access to major roadways. This is a rare opportunity to secure space in a well-established medical center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Land
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6361
    Latitude
    29.6054

    Comparable in this City

    • Value Estimation by Request
      21,298 SF

      8410 Alt

      Individual retail properties • 21,298 SF
      8410 Alt, Sugar Land, TX 77478
      View Details
    • Value Estimation by Request
      7,450 SF

      310 Highway 6

      Medical offices • 7,450 SF
      310 Highway 6, Sugar Land, TX 77478
      View Details
    • Value Estimation by Request
      15,451 SF

      13515 Southwest Fwy

      Medical offices • 15,451 SF
      13515 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Value Estimation by Request
      90,143 SF

      14815-14897 Southwest Fwy

      Medical offices • 90,143 SF
      14815-14897 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Value Estimation by Request
      13,200 SF

      1437 Highway 6

      Medical offices • 13,200 SF
      1437 Highway 6, Sugar Land, TX 77478
      View Details
    • Value Estimation by Request
      69,011 SF

      14140 Southwest Fwy

      Office space • 69,011 SF
      14140 Southwest Fwy, Sugar Land, TX 77478
      View Details

    Similar Nearby for Sale

    • $541,915
      2,191 SF

      Sugar Land Office Condo - For Sale

      Prime Sugar Land Office, 2,191 sq ft
      134 Eldridge Rd, Sugar Land, TX 77478
      View Details
    • $2,000,000
      5,025 SF

      4131 Highway 6

      Individual retail properties • 5,025 SF
      4131 Highway 6, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      8,500 SF

      Sugar Land Office Building For Sale

      8,500 SF office building in Sugar Land, Texas.
      2323 Town Center Dr, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      516,523 SF

      Sugar Land Executive Office Building

      Class A Office, 516,523 SF, High Growth Market
      14141 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      10,863 SF

      Sugar Land Office Building Investment

      Two-story office building with prime freeway frontage and long-term tenants.
      15140 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      3,500 SF

      Office Suites in Parklike Setting

      Office suites available with seller financing and easy highway access.
      146 Eldridge Rd, Sugar Land, TX 77478
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      7,450 SF

      Sugar Land Medical Office Building

      7,450 SF Medical Office, Hwy 6
      310 Highway 6, Sugar Land, TX 77478
      View Details
    • $24 SF/Yr
      15,451 SF

      Sugar Land Office Space for Lease

      Modern Sugar Land office suites, ideal for medical or executive use.
      13515 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      21,298 SF

      Sugar Land Office Space for Lease

      Prime location, flexible suites available
      8410 Alt, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      13,200 SF

      Prime Medical Office Space in Fort Bend

      13,200 SF Medical Building, 5,085 SF Available
      1437 Highway 6, Sugar Land, TX 77478
      View Details
    • $18 SF/Yr
      69,011 SF

      Sugar Land Office Space for Lease

      Class A Office, Multiple Suites Available
      14140 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      90,143 SF

      Sugar Land Medical Office Space

      Prime Sugar Land location, multiple suites available.
      14815-14897 Southwest Fwy, Sugar Land, TX 77478
      View Details
    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.
    1111-1211 Highway 6
    Sugar Land, TX 77478
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.