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

    Spectrum Blvd Houston, TX 77047

    • Land
    • 300,000.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pacific Metal Works USA / Industrial Manufacturer / Production Facility
    • Millar, LLC / Industrial Manufacturer / Production Facility
    • Cook Compression / Industrial Manufacturer / Production Facility
    • Bearings Plus / Auto Parts Store
    • Dover Precision Components / Industrial Manufacturer / Production Facility

    Property Details for 0 Spectrum Blvd

    Lot size
    300,000.00 lot acres
    Property type
    Land

    Description

    This exceptional 300,000-305,000 acre commercial land parcel boasts 299 feet of frontage on Kirby Drive in Houston, Texas, within Harris County, zip code 77047. Located directly north of Shadow Creek Ranch, this property presents unparalleled development potential for retail, office, and light industrial uses. The site benefits from existing utilities including water, sewer, and underground electrical service, simplifying the development process. Situated in Pearland, one of the fastest-growing cities in the Houston metro area, this location offers access to economic incentives. The property's strategic location provides convenient access to major thoroughfares and key destinations. It's approximately 10 to 12 miles from the Texas Medical Center and Downtown Houston, with close proximity to the new SH 288 Toll Lane Expansion, offering direct connections to both areas and US 59 to Pearland. The hard corner location on Kirby provides excellent visibility and accessibility. Regional detention is available, addressing crucial infrastructure needs. This prime location offers a rare opportunity to capitalize on Houston's thriving commercial real estate market.

    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
    -95.4005
    Latitude
    29.5885

    Comparable in this City

    • Value Estimation by Request

      Houston Tx 77045 Orem Dr

      Land
      Houston Tx 77045 Orem Dr, Houston, TX 77047
      View Details
    • Value Estimation by Request
      1.92 Acres

      1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave

      Land • 1.92 Acres
      0 1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave, Houston, TX 77047
      View Details
    • Value Estimation by Request
      1.28 Acres

      Mega Energy

      Land • 1.28 Acres
      0 Mega Energy, Houston, TX 77047
      View Details
    • Value Estimation by Request
      2.28 Acres

      Fellows Rd

      Land • 2.28 Acres
      0 Fellows Rd, Houston, TX 77047
      View Details
    • Value Estimation by Request
      4.35 Acres

      13922 Hooper Rd

      Land • 4.35 Acres
      13922 Hooper Rd, Houston, TX 77047
      View Details
    • Value Estimation by Request
      5.38 Acres

      White Rd

      Land • 5.38 Acres
      0 White Rd, Houston, TX 77047
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      81.30 Acres

      81-Acre Mixed-Use Development Land

      Houston, TX: Prime Development Opportunity
      11 City Park Dr, Houston, TX 77047
      View Details
    • Contact for pricing
      10.60 Acres

      Houston 10.6-Acre Mixed-Use Land

      HEB-anchored development opportunity in Houston.
      13 Usa, Houston, TX 77047
      View Details
    • $1,900,000
      18.26 Acres

      Houston Commercial Land - 18 Acres

      Prime Houston acreage, ideal for development.
      15225 Cullen Blvd, Houston, TX 77047
      View Details
    • Contact for pricing
      1.92 Acres

      Houston Land: Two Prime Pads

      Mixed-use development opportunity in Houston.
      0 1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave, Houston, TX 77047
      View Details
    • Contact for pricing
      1.07 Acres

      Houston 1 Acre Corner Lot

      Prime 1.07-acre commercial lot, unrestricted.
      13406 Canterwell Rd, Houston, TX 77047
      View Details
    • $3,300,000

      Prime Land on Cullen Boulevard

      5-acre property on Cullen Blvd, ideal for development.
      13410 Cullen Blvd, Houston, TX 77047
      View Details

    Similar Nearby for Lease

    • $1.08 SF/Yr
      36,857 SF

      Houston Commercial Land Opportunity

      Prime 36,857 sq ft lot, single tenant.
      Houston Tx 77045 Orem Dr, Houston, TX 77047
      View Details
    • Contact for pricing
      41,450 SF

      Prime Land Along SH 288

      Land available for ground lease or build to suit.
      14290 Cullen Blvd, Houston, TX 77047
      View Details
    • Contact for pricing

      South Houston Land Opportunity

      3.6 acre site ideal for industrial or residential uses.
      Hycohen Rd, Houston, TX 77047
      View Details
    • Contact for pricing

      Industrial Land Build to Suit

      20 to 81 acres available for industrial manufacturing/distribution.
      11000 City Park Central Ln, Houston, TX 77047
      View Details
    • Contact for pricing
      38,167 SF

      Prime Land Near Almeda Mall

      Commercial land for rent near Gulf Freeway and Almeda Mall.
      620 Almeda Genoa Rd, Houston, TX 77047
      View Details
    • Contact for pricing
      1,687 SF

      Cozy Home Near Downtown

      Move-in ready 3-bedroom home near freeways, downtown, and medical center.
      2710 Maybrook Hollow Ln, Houston, TX 77047
      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.
    Spectrum Blvd
    Houston, TX 77047
    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.