Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1960 At Welcome Ln Houston, TX 77014

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1960 At Welcome Ln Houston, TX 77014

    View on Map
    • Retail properties & Spaces
    • 1.08 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1960 At Welcome Ln

    Lot size
    1.08 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.08-acre commercial land parcel presents a prime investment opportunity in Houston, Texas. Located at the intersection of FM 1960 and Welcome Lane, this unrestricted property boasts 133 feet of frontage on the heavily trafficked FM 1960. Access is also available from Welcome Lane, providing excellent visibility and convenient access for potential businesses. Utilities are readily available through Harris County Municipal Utility District (MUD) 233, with MUD reimbursements offered after development, significantly reducing initial costs. The property's strategic location offers significant advantages, situated adjacent to a Christian Brothers Automotive and only three miles from the I-45 freeway, ensuring high traffic volume and easy accessibility. Priced at $800,000, or $17 per square foot, this land represents a compelling value proposition for developers and investors seeking a high-growth area with strong potential for retail development. The property is zoned for commercial use, providing flexibility for a variety of development options. Don't miss this chance to acquire a highly desirable commercial lot in a thriving Houston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4741
    Latitude
    30.0013

    Comparable in this City

    • Value Estimation by Request
      20,555 SF

      644 Rankin Rd

      Retail properties & Spaces • 20,555 SF
      644 Rankin Rd, Houston, TX 77014
      View Details
    • Value Estimation by Request

      15000 Bammel North Houston Rd

      Land
      15000 Bammel North Houston Rd, Houston, TX 77014
      View Details
    • Value Estimation by Request
      3.43 Acres

      14319 Torrey Village Dr

      Land • 3.43 Acres
      14319 Torrey Village Dr, Houston, TX 77014
      View Details
    • Value Estimation by Request
      1.71 Acres

      Fm 1960 Rd

      Land • 1.71 Acres
      0 Fm 1960 Rd, Houston, TX 77014
      View Details
    • Value Estimation by Request
      4.57 Acres

      Ella Blvd

      Land • 4.57 Acres
      0 Ella Blvd, Houston, TX 77014
      View Details
    • Value Estimation by Request
      3.38 Acres

      15525 Bammel North Houston Rd

      Land • 3.38 Acres
      15525 Bammel North Houston Rd, Houston, TX 77014
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      4.57 acres of land available for purchase.
      Ella Blvd, Houston, TX 77014
      View Details
    • Contact for pricing

      Prime Land in Houston

      3.867 acres with high traffic counts on Bammel North.
      Bammel North Houston Rd, Houston, TX 77014
      View Details
    • Contact for pricing

      Commercial Land For Sale

      1.08 acres of commercial land available for purchase.
      1960 At Welcome Ln, Houston, TX 77014
      View Details
    • Contact for pricing

      Welcome Ln, Houston, TX 77014

      Commercial land
      Welcome Ln, Houston, TX 77014
      View Details
    • Contact for pricing

      Prime Land on Bammel Houston

      3.43 acre commercial land with high visibility and traffic.
      14319 Torrey Village Dr, Houston, TX 77014
      View Details
    • $3,253,692

      Land with Extensive Road Frontage

      Unrestricted land with significant frontage on multiple roads.
      14600 Ella Blvd, Houston, TX 77014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Food Retail

      Retail suite suited for food retail in North Houston.
      12325 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      Upscale Shopping Center in Houston

      Newer construction shopping center in a fast-growing neighborhood.
      12755 Walters Rd, Houston, TX 77014
      View Details
    • Contact for pricing
      52,337 SF

      Former Kroger Store Available

      52,337 SF former Kroger available for lease.
      13127 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      Retail Center on Veterans Memorial

      17,300 SF retail center at Veterans Memorial and Northcliffe.
      12403 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      2.35 Acre Parcel For Rent

      2.35-acre parcel suitable for truck parking, lay down yard.
      12651 Veterans Memorial Dr, Houston, TX 77014
      View Details
    • Contact for pricing

      8.38 Acres Prime Development Land

      Prime location for commercial or mixed-use development in Houston, TX.
      Old Walters Rd, Houston, TX 77014
      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.
    1960 At Welcome Ln
    Houston, TX 77014
    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.
    Sign Up Successful!
    You now have access to more from Realmo!