Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Medical Complex Dr Tomball, TX 77375

    • Land
    • 7.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Medical Complex Dr

    Lot size
    7.14 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 7.14-acre industrial land parcel presents a remarkable investment opportunity in the thriving Tomball, Texas market. Located at 14245-14369 Medical Complex Drive, this property boasts unparalleled visibility, with over 130,000 daily impressions and a rapidly growing viewership. Its strategic location offers convenient access to major transportation arteries, including proximity to Highway 99 (6 minutes), the Sam Houston Tollway (18 minutes), I-45 (21 minutes), and George Bush Intercontinental Airport (IAH) (30 minutes). The property's versatility allows for a wide range of development possibilities, including medical facilities, retail spaces, office buildings, elder care centers, and assisted living facilities. All utilities are readily available, and the site is situated outside the 500-year floodplain, with offsite detention provided. The Harris County location, with a 77375 zip code, ensures a strong address for any future development. This is a rare opportunity to acquire a highly visible and strategically located tract of land in one of the fastest-growing areas of the Houston metropolitan area. The APN is 0430410000204.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6373
    Latitude
    30.085

    Comparable in this City

    • Value Estimation by Request
      36.40 Acres

      21725 Hufsmith - Kohrville Rd

      Land • 36.40 Acres
      21725 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      90.00 Acres

      & SH 249 Brown Rd

      Land • 90.00 Acres
      & SH 249 Brown Rd, Tomball, TX 77375
      View Details
    • Value Estimation by Request

      26000 Tx-249

      Land
      26000 Tx-249, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      10.89 Acres

      21801 Hufsmith - Kohrville Rd

      Land • 474,212 SF
      21801 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      11.09 Acres

      Cherry St

      Land • 11.09 Acres
      0 Cherry St, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      1.69 Acres

      00 Fm 2920 Rd

      Land • 1.69 Acres
      00 Fm 2920 Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tomball Development Land

      High-traffic, unrestricted land. Build-to-suit options.
      26000 Tx-249, Tomball, TX 77375
      View Details
    • $2,300,000
      12.00 Acres

      Tomball Acreage with Buildings

      12 Acres, Warehouse, Residence
      11031 Spell Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      30,001 SF

      Tomball Industrial Land For Sale

      Prime TX industrial lots, build-to-suit.
      21803 Hufsmith Kohrville Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      90.00 Acres

      90-Acre Tomball Industrial Land

      Prime Industrial Land: 90 Acres, High-Traffic Location.
      & SH 249 Brown Rd, Tomball, TX 77375
      View Details
    • $515,312
      1.69 Acres

      Tomball Land: 1.69 Acres

      Prime Tomball commercial land, high traffic.
      00 Fm 2920 Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      2.30 Acres

      ±2.3 Acres Tomball Commercial Land

      Prime Tomball land, ideal for mixed-use development.
      0 Farm To Market 2920, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,340 SF

      Tomball Industrial Property for Rent

      Industrial property available for rent in Tomball, Texas.
      12814 Boudreaux Rd, Tomball, TX 77375
      View Details
    • $21 SF/Yr
      6,000 SF

      Tomball Retail Space - 6000 SF

      High-visibility retail space in booming Tomball, TX.
      22808 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Land For Rent Tomball, TX

      Land available for rent in Tomball, Texas.
      25527 State Highway 249, Tomball, TX 77375
      View Details
    • Contact for pricing
      50,000 SF

      Woodlands Creekside Retail Center

      Tomball, TX: Prime Retail/Medical Space Available
      26209 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      80 SF

      Tomball Industrial Properties for Lease

      Nine industrial properties available for lease in Tomball, Texas.
      1623 South Cherry St, Tomball, TX 77375
      View Details
    • Contact for pricing
      7,714 SF

      Tomball Industrial Space Available

      Industrial property available for lease in Tomball, Texas.
      701 S Persimmon 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.
    Medical Complex Dr
    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

    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.