Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2920 And State Rte Tomball, TX 77375
    Back to Search
    Property profile & analytics

    2920 And State Rte, Tomball, TX 77375

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2920 And State Rte

    Year built
    2024
    Lot size
    0.43 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a 783 square foot, single-tenant, absolute NNN ground lease property located at the northeast corner of FM 2920 and State Route 249 in Tomball, Texas. The property boasts a new 20-year corporate lease (commencing August 12, 2024 and expiring July 31, 2044) with a prominent QSR tenant, Salad and Go, a rapidly expanding brand with over 135 locations. The lease includes 10% rent increases every five years, ensuring consistent income growth. The property features a 6.00% cap rate and a strong NOI of $90,000. Built in 2024, this 0.43-acre site benefits from a high-traffic location with combined average annual daily traffic of 38,368 on FM 2920/West Main Street and State Route 249B, and an additional 46,235 on State Route 249, capturing significant commuter traffic. The property's strategic location within a thriving retail corridor places it near major national retailers such as Walmart, Lowe's, Target, Kroger, and H-E-B, as well as other QSR establishments. The area also boasts significant employment opportunities with Lone Star College-Tomball, Tomball Independent School District, and HCA Houston Healthcare Tomball, all within close proximity. With a population of 106,541 residents within a five-mile radius and an average annual household income of $136,329, this property offers exceptional long-term investment potential. The asking price is $1,500,000. This is an ideal 1031 exchange opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6318
    Latitude
    30.0894

    Comparable in this City

    • Value Estimation by Request

      27620 Tomball Pkwy

      Restaurants
      27620 Tomball Pkwy, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      2,407 SF

      24350 Kuykendahl Rd

      Individual retail properties
      24350 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      10,000 SF

      27104 Sh 249

      Restaurants
      27104 Sh 249, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      35,550 SF

      27620 Tx-249

      Lifestyle centers
      27620 Tx-249, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      2.07 Acres

      1222 Main St

      Restaurants
      1222 Main St, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      1,500 SF

      Fully Equipped Restaurant With Low Rent Ready For A New Owner!

      Restaurants
      0 Fully Equipped Restaurant With Low Rent Ready For A New Owner!, Tomball, TX 77375
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Tomball Parkway Commercial Property

      7,200 SF building on 2.957 acres with highway frontage.
      24030 Tomball Pkwy, Tomball, TX 77375
      View Details
    • Contact for pricing
      14,912 SF

      Tomball Renovated Campus For Sale

      Renovated campus in Tomball on over 2 acres.
      1222 W Main St, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Parkway Commercial Land

      4.52-acre commercial land with frontage on Tomball Parkway.
      Sh 249 / Tomball Pkwy, Tomball, TX 77375
      View Details
    • Contact for pricing
      6,600 SF

      Turnkey Sports Bar Business Opportunity

      Operating sports bar business for sale in high-traffic location.
      23227 Snook Ln, Tomball, TX 77375
      View Details
    • Contact for pricing

      Versatile Property with Income Potential

      Land with residence, repair shop, and parking in Tomball, TX.
      9011-9013 Dowdell Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      15,510 SF

      Modern Retail Center Near Woodlands

      Fully leased, high-traffic retail center built in 2022.
      24026 Kuykendahl Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tomball Parkway End Cap Retail

      End cap retail space with high income potential.
      27620 Tomball Pkwy, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Land and Retail Space

      Land and retail spaces available for lease in Tomball.
      26209 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Class A Mixed-Use Business Park

      Mixed-use business park with retail, industrial, and flex spaces.
      25155 Fm 2978 Rd, Tomball, TX 77375
      View Details
    • 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
    • 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 Commercial/Industrial Flex Space

      Versatile commercial space in Tomball with flexible use options.
      1599 Hicks St, Tomball, TX 77375
      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.
    2920 And State Rte
    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
    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

    Thank You for Inquiry
    2920 And State Rte, Tomball, TX, 77375
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!