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

    15651 North Fwy Houston, TX 77090

    • Land
    • 1.53 lot acres
    For Lease
    View listing
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TeachUp Spring Learning Center / Learning Center
    • Teachup Spring / Professional Organizer
    • ITT Technical Institute / College / Business School

    Property Details for 15651 North Fwy

    Lot size
    1.53 lot acres
    Property type
    Land

    Description

    This exceptional 1.53-acre commercial ground lease presents a remarkable opportunity in Houston, Texas. Situated at 15651 North Freeway, in the heart of Harris County, this single-tenant property offers significant potential for development. The expansive lot size provides ample space for a variety of commercial ventures, catering to diverse business needs. With its strategic location along the heavily trafficked North Freeway (US-59), this property boasts exceptional visibility and accessibility, ensuring high traffic volume and strong potential for customer engagement. The property's zoning (not specified in provided information) will need to be verified independently to determine suitable development options. This is a rare opportunity to acquire a substantial land parcel in a prime Houston location, ideal for investors seeking a strong return on investment. The property is designated as a single-tenant lease, offering a streamlined ownership structure. Further due diligence is recommended to fully assess the property's potential and suitability for your specific business plans. The address is precisely 15651 North Freeway, Houston, TX 77090, with GPS coordinates of 29.992878 latitude and -95.425717 longitude. This is a blank canvas for your commercial vision, ready for development and poised for success in a thriving Houston market. The property type is classified as land, and the total land area is 1.53 acres.

    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
    -95.4257
    Latitude
    29.9929

    Comparable in this City

    • Value Estimation by Request
      3.29 Acres

      15006 Ella Blvd

      Land • 3.29 Acres
      15006 Ella Blvd, Houston, TX 77090
      View Details
    • Value Estimation by Request
      1.66 Acres

      Kuykendahl Rd

      Land • 1.66 Acres
      0 Kuykendahl Rd, Houston, TX 77090
      View Details
    • Value Estimation by Request
      9.55 Acres

      North Fwy

      Multifamily properties • 416,028 SF
      0 North Fwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      2.20 Acres

      North Fwy

      Multifamily properties • 416,028 SF
      0 North Fwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      1.00 Acre

      Seq Fm 1960 & Nanes Dr

      Land • 1.00 Acre
      0 Seq Fm 1960 & Nanes Dr, Houston, TX 77090
      View Details
    • Value Estimation by Request
      1.50 Acres

      North Fwy

      Multifamily properties • 416,028 SF
      0 North Fwy, Houston, TX 77090
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.20 Acres

      I-45 Frontage Commercial Land

      Houston, TX: Prime Development Site
      0 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      9.55 Acres

      Alexandria Office Suite Available

      Prime Alexandria Office: 623 sq ft, $800/month
      0 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      4.35 Acres

      I-45 Frontage Commercial Land

      Houston, TX: 4.35 acres, high traffic.
      0 North Fwy, Houston, TX 77090
      View Details
    • $895,000
      1.00 Acre

      FM 1960 Commercial Land Opportunity

      Prime 1-acre Houston commercial lot.
      0 Seq Fm 1960 & Nanes Dr, Houston, TX 77090
      View Details
    • $1,500,000
      2.57 Acres

      North Fwy Restaurant Opportunity

      Prime Houston Retail Land, $1.5M
      14915 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      1.50 Acres

      Divisible +/- 3 Acres of Land On Interstate 45 Frontage Tract 3A & 3B

      Multifamily properties • 416,028 SF
      0 North Fwy, Houston, TX 77090
      View Details

    Similar Nearby for Lease

    • $150,000
      66,647 SF

      Prime Houston Land - North Freeway

      1.53 Acres, Commercial Ground Lease
      15651 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      74,402 SF

      Houston Office Building For Rent

      20-acre campus near The Woodlands with ample parking.
      140 Cypress Station Dr, Houston, TX 77090
      View Details
    • $1.25 SF/Yr
      3,140 SF

      Northwest Houston Medical Office Space

      Medical office spaces available near HCA Houston Healthcare Northwest.
      17203 Red Oak Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      5,294 SF

      Industrial Space Available For Lease

      Industrial property with 5,294 square feet available for lease.
      220-221 Barren Springs Dr, Houston, TX 77090
      View Details
    • $39 SF/Yr
      82,073 SF

      Houston Multi-Use Commercial Property

      Prime Houston location, multiple suites available.
      1319 Farm To Market 1960 Rd, Houston, TX 77090
      View Details
    • $13 SF/Yr
      37,000 SF

      Houston Retail Center Investment Opportunity

      37,000 SF Retail Center, 1.18 Acres
      900 Farm To Market 1960 Rd, Houston, TX 77090
      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.
    15651 North Fwy
    Houston, TX 77090
    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.