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

    13734 Tx-249 Houston, TX 77086

    • Lifestyle centers
    • 12,124 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 13734 Tx-249

    Year built
    2007
    Lot size
    0.71 lot acres
    Property size
    12,124 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This 12,124 square foot shopping center in Houston, Texas, presents a compelling investment opportunity. Located at 13734 TX-249, Harris County, 77086, this multi-tenant property boasts six tenants with 79% occupancy. Built in 2007 on a 0.71-acre lot, it offers 36 parking spaces. The property benefits from a prime location on State Highway 249, experiencing an average daily traffic count of approximately 47,553 vehicles. Its strong visibility is enhanced by a large, double-sided pylon sign. The surrounding area demonstrates attractive demographics, with over 335,000 people and 112,984 households within a 5-mile radius, enjoying an average household income of $81,400. Synergistic neighboring businesses include Aldi, Walgreens, Burger King, Jack in the Box, Taco Bell, Bank of America, and six hotels all within a one-mile radius. Priced at $1,695,000 ($140/sq ft), this property offers a value-add opportunity through lease adjustments to market rates and long-term lease agreements. The property's location and strong tenant mix provide a solid foundation for future growth and income generation.

    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
    -95.4955
    Latitude
    29.9221

    Comparable in this City

    • Value Estimation by Request
      65,644 SF

      13703 Tx-249

      Neighborhood centers • 65,644 SF
      13703 Tx-249, Houston, TX 77086
      View Details
    • Value Estimation
      $1,495,000
      42,172 SF

      12430 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 42,172 SF
      12430 State Hwy 249, Houston, TX 77086-3338
      View Details
    • Value Estimation
      $550,000
      11,685 SF

      9523 Antoine Dr

      SHOPPING CENTER, STRIP CENTER • 11,685 SF
      9523 Antoine Dr, Houston, TX 77086-3948
      View Details
    • Value Estimation
      $870,000
      18,118 SF

      12653 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 18,118 SF
      12653 State Hwy 249, Houston, TX 77086
      View Details
    • Value Estimation
      $420,000
      11,650 SF

      14800 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 11,650 SF
      14800 State Hwy 249, Houston, TX 77086-1602
      View Details
    • Value Estimation
      $1,165,000
      27,739 SF

      11740 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 27,739 SF
      11740 State Hwy 249, Houston, TX 77086-4132
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3,200 SF

      Houston Industrial Property: $1.2M

      3,200 SF Warehouse, High-Traffic Location
      11702 Zuinn St, Houston, TX 77086
      View Details
    • Contact for pricing
      4.28 Acres

      Houston Retail Center - FM 249 & West Road

      High-traffic retail space, prime location, flexible lease options.
      0 Swc Fm 249 & Rd, Houston, TX 77086
      View Details
    • $750,000
      1.99 Acres

      Houston 1.99-Acre Development Site

      Prime Houston land: Mixed-use potential, vacant.
      6902 Breen Dr, Houston, TX 77086
      View Details
    • $653,400
      1.50 Acres

      1.5 Acres Commercial Land Houston

      Prime Houston commercial land, ideal for retail or daycare.
      0 Houston Rd & Vickie Spg Ln, Houston, TX 77086
      View Details
    • $3,675,000
      0.64 Acres

      Chipotle NNN Lease Investment

      Houston Chipotle, strong returns.
      12625 Tomball Pkwy, Houston, TX 77086
      View Details
    • Contact for pricing
      1.06 Acres

      Prime 1-Acre Commercial Land Houston

      Hard corner lot, high traffic, excellent access.
      TX-249 & Upland Willow Dr, Houston, TX 77086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,840 SF

      Houston Retail Space - Pre-Leasing

      Prime Houston retail space, 1,800-9,840 sqft.
      12643 Tomball Pkwy, Houston, TX 77086
      View Details
    • $13 SF/Yr
      4,600 SF

      Breen Plaza Retail Space - Houston, TX

      Houston Retail Space: 3,000 SF Available
      7303 Breen Dr, Houston, TX 77086
      View Details
    • $2.00 SF/Yr
      1,300 SF

      Prime Houston Retail Space

      1,300 SF Single-Tenant Retail in Tomball
      14929 Tomball Pkwy, Houston, TX 77086
      View Details
    • Contact for pricing
      15,410 SF

      Houston Retail Space Available

      High-traffic retail center, 2,800 sq ft vacant.
      12651 Tomball Pkwy, Houston, TX 77086
      View Details
    • $19 SF/Yr
      16,000 SF

      The Box Shop: Medical Office Space

      Houston Medical Office Suites Available
      9802 Antoine Dr, Houston, TX 77086
      View Details
    • Contact for pricing
      284,960 SF

      Houston Warehouse: 284,960 SF

      Massive Houston warehouse, ready for occupancy.
      11891 Houston Rosslyn Rd, Houston, TX 77086
      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.
    13734 Tx-249
    Houston, TX 77086
    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.