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
    Back to Search
    Property profile & analytics

    10806 Warwana Rd Houston, TX 77043

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

    Current Use by Public Records

    • Land

    Property Details for 10806 Warwana Rd

    Property type
    Land

    Description

    This exceptional offering presents a unique opportunity to acquire ten re-platted residential lots totaling 20,873 square feet in Houston's thriving Spring Branch area. Located at 10806 Warwana Rd, Houston, TX 77043 (two properties east of the address), this half-acre parcel is zoned for residential development. The property includes city-approved building plans for a striking four-story home, boasting 2,028 square feet of living space and a 343 square foot rooftop terrace. Individual lot sizes range from 1,607 to 2,794 square feet, providing flexibility for various development scenarios. The asking price for this exceptional land opportunity is $798,000. The property's APN is 1468400010001. This is an ideal investment for builders or developers seeking to capitalize on the booming Spring Branch market. The included building plans offer a significant head start, reducing development time and costs. Don't miss this chance to build your vision in a prime Houston location.

    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
    -95.5672
    Latitude
    29.801

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      1213 Brittmoore Rd

      Land • 5.00 Acres
      1213 Brittmoore Rd, Houston, TX 77043
      View Details
    • Value Estimation by Request
      1.40 Acres

      1332 Upland Dr

      Land • 1.40 Acres
      1332 Upland Dr, Houston, TX 77043
      View Details
    • Value Estimation by Request
      9.68 Acres

      10157 Westview Dr

      Land • 9.68 Acres
      10157 Westview Dr, Houston, TX 77043
      View Details
    • Value Estimation
      $1,075,000
      25,968 SF

      10545 Hammerly Blvd, Unit 190

      GARDEN APT, COURT APT (5+ UNITS) • 25,968 SF
      10545 Hammerly Blvd, Houston, TX 77043-2516
      View Details
    • Value Estimation
      $655,000
      5,248 SF

      1431 Sherwood Frst St, Unit 30

      GARDEN APT, COURT APT (5+ UNITS) • 5,248 SF
      1431 Sherwood Frst St, Houston, TX 77043-3817
      View Details
    • Value Estimation
      $640,000
      16,886 SF

      10580 Hammerly Blvd, Unit 316

      GARDEN APT, COURT APT (5+ UNITS) • 16,886 SF
      10580 Hammerly Blvd, Houston, TX 77043-2503
      View Details

    Similar Nearby for Sale

    • $130,000

      Land For Sale

      Land available for purchase in Houston, Texas.
      1220 Shadowdale Dr, Houston, TX 77043
      View Details
    • $85,658

      Land Tract in Moss Oaks

      0.1-acre tract in Moss Oaks Section 3, Houston.
      Hazelhurst Dr, Houston, TX 77043
      View Details
    • $79,900

      Vacant Lot in Spring Branch

      Vacant lot in the Spring Branch West community.
      Ridgeview Dr, Houston, TX 77043
      View Details
    • $757,000

      Land Lot in Houston

      25,116 square foot lot with minimal trees.
      10227 Emnora Ln, Houston, TX 77043
      View Details
    • $1,625,000
      1.40 Acres

      Houston Commercial Land - 1.4 Acres

      Prime 1.4-acre commercial lot in Houston, TX.
      1332 Upland Dr, Houston, TX 77043
      View Details
    • $176,500

      Corner Condo with Community Amenities

      Four-bedroom condo with two living areas and community amenities.
      11002 Hammerly Blvd, Houston, TX 77043
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      9,000 SF

      Houston Warehouse Space Available

      9,000 & 5,000 SF Warehouse Lease
      1765 Upland Dr, Houston, TX 77043
      View Details
    • $9 SF/Yr
      2,557 SF

      Industrial Space Available for Lease

      2,557 square feet of industrial space for lease.
      1411 Upland Dr, Houston, TX 77043
      View Details
    • $11 SF/Yr
      61,872 SF

      One Woodbranch Center: Houston Office

      Prime Houston Office Space: 12,233 SF Available
      11931 Wickchester Ln, Houston, TX 77043
      View Details
    • $24 SF/Yr
      29,494 SF

      Executive Office Suites, Houston

      Class A Office Space, Abundant Parking
      2930 Sam Houston Pkwy, Houston, TX 77043
      View Details
    • Contact for pricing
      45 SF

      Industrial Space Available For Lease

      Industrial property featuring 45,681 square feet available for lease.
      1717 Brittmoore Rd, Houston, TX 77043
      View Details
    • $8 SF/Yr
      2,286 SF

      Houston Warehouse Space Available

      2,286 square foot warehouse space for lease in Houston.
      1771-1777 Upland Dr, Houston, TX 77043
      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.
    10806 Warwana Rd
    Houston, TX 77043
    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.