Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10766 Fm 1097 Willis, TX 77318
    Property profile & analytics

    10766 Fm 1097, Willis, TX 77318

    View on Map
    • Office Spaces
    • 1,821 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 10766 Fm 1097

    Year built
    1980
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This 1,821 square foot office building, located at 10766 FM 1097 Rd, Willis, TX 77318, presents a compelling investment opportunity. The property, built in 1980 and renovated in 2019, is situated on a 10,500 square foot lot (APN: 5910-01-02000) and features a single story design. Currently vacant, this Class C building offers flexible space suitable for creative, executive, or traditional office uses. Its convenient location provides easy access to FM 1097, Lake Conroe, Willis, and Montgomery, offering high visibility and accessibility. The property boasts ample parking and storage, along with a full kitchen, ideal for a breakroom. Recent improvements include fresh interior and exterior paint. The unrestricted zoning allows for diverse business applications. Its proximity to I-45 ensures convenient commuting to Conroe, The Woodlands, and Houston. This property is perfect for a business seeking a well-maintained, conveniently located office space in a growing community. The building's versatile layout and ample parking make it an attractive option for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5162
    Latitude
    30.421

    Comparable in this City

    • Value Estimation by Request
      3,480 SF

      12726 Moon Rd

      Office Units
      12726 Moon Rd, Willis, TX 77318
      View Details
    • Value Estimation by Request
      2,800 SF

      16505 Interstate 45th N

      OFFICE BUILDING
      16505 Interstate 45th N, Willis, TX 77318-6998
      View Details
    • Value Estimation by Request
      972 SF

      14340 Shepard Hl Rd

      OFFICE BUILDING
      14340 Shepard Hl Rd, Willis, TX 77318-7135
      View Details
    • Value Estimation by Request
      6,180 SF

      12895 Fm 1097th W Rd

      OFFICE BUILDING
      12895 Fm 1097th W Rd, Willis, TX 77318-4958
      View Details
    • Value Estimation by Request
      240 SF

      12731 Cook Rd

      OFFICE BUILDING
      12731 Cook Rd, Willis, TX 77318-4591
      View Details
    • Value Estimation by Request
      2,800 SF

      12502 Fm 1097th W Rd

      OFFICE BUILDING
      12502 Fm 1097th W Rd, Willis, TX 77318-4920
      View Details

    Similar Nearby for Sale

    • $699,900
      1,326 SF

      Comfort, TX Commercial Property

      Commercial property in Comfort, Texas, remodeled in 2026.
      606 High Street Rd, Comfort, TX 77318
      View Details
    • $699,900

      Remodeled Commercial Property on High Street

      Commercial property in Comfort, Texas, with high visibility and accessibility.
      606 High St, Comfort, TX 77318
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Property Near I-45

      Office, warehouse, and land for lease near I-45.
      12071 Old Montgomery Rd, Willis, TX 77318
      View Details
    • Contact for pricing
      20,000 SF

      Flex Space Near I-45

      Flex space for rent near I-45 in Willis, TX.
      12110 Old Montgomery Rd, Willis, TX 77318
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease at a busy intersection.
      I-45 & Fm 1097, Willis, TX 77318
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Ready For Occupancy

      Second generation retail space in high growth market.
      9571 Fm 1097 Rd, Willis, TX 77318
      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.
    10766 Fm 1097
    Willis, TX 77318
    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
    10766 Fm 1097, Willis, TX, 77318
    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!