Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Broze Rd Humble, TX 77338
    Property profile & analytics

    Broze Rd, Humble, TX 77338

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Broze Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional industrial land offering in Humble, Texas, presents a unique opportunity for businesses seeking a strategic location and flexible development options. Broze Road Business Park boasts shovel-ready sites ranging from 2 to 18 acres, with a total of 46.9 acres available for purchase. Build-to-suit options are available, accommodating structures from 10,000 to 200,000 square feet. The park benefits from convenient access to major transportation arteries, including FM 1960, Hardy Toll Road (2.5 miles east), I-69 (4.5 miles west), and George Bush Intercontinental Airport (minutes away). Each site is equipped with water, sewer, and on-site power. Off-site detention is provided, and site improvements are slated for completion in the first quarter of 2024. The property falls under Harris County permitting jurisdiction and utilizes MUD utilities. Purchase, lease, and build-to-suit options are available. This is an ideal location for businesses seeking efficient operations and seamless connectivity to Houston's extensive transportation network. The property's size and amenities make it suitable for a wide range of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.3472
    Latitude
    30.0152

    Comparable in this City

    • Value Estimation by Request
      3.79 Acres

      6245 Will Clayton Pkwy

      Land
      6245 Will Clayton Pkwy, Humble, TX 77338
      View Details
    • Value Estimation by Request
      4.10 Acres

      Kenswick Dr

      Land
      0 Kenswick Dr, Humble, TX 77338
      View Details
    • Value Estimation by Request
      1.04 Acres

      1960 Byp Rd

      Land
      1960 Byp Rd, Humble, TX 77338
      View Details
    • Value Estimation by Request

      Moonshine Hill Loop

      Farms
      0 Moonshine Hill Loop, Humble, TX 77338
      View Details
    • Value Estimation by Request
      4.08 Acres

      Mckay Ctr Dr

      Land
      0 Mckay Ctr Dr, Humble, TX 77338
      View Details
    • Value Estimation by Request
      20.00 Acres

      9247 Will Clayton Pkwy

      Land
      9247 Will Clayton Pkwy, Humble, TX 77338
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Sale

      Land available for purchase in Humble, Texas.
      Kenswick Dr, Humble, TX 77338
      View Details
    • Contact for pricing

      Land For Sale Humble, TX

      Land available for purchase on Deerbrook Park Blvd, Humble, TX.
      Deerbrook Park Blvd, Humble, TX 77338
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      59 & Will Clayton Pkwy, Humble, TX 77338
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Pads for Lease

      Available land pads for lease on major commercial thoroughfare.
      3031 Fm 1960 Rd, Houston, TX 77338
      View Details
    • Contact for pricing
      195,580 SF

      Industrial Property Near IAH Cargo

      Industrial space for lease near IAH Cargo Center.
      8400 Volta Dr, Humble, TX 77338
      View Details
    • Contact for pricing
      45,000 SF

      Medical Office Building For Lease

      Class A medical office with surgery center, shell spaces available.
      1485 Fm 1960 Bypass Rd E, Humble, TX 77338
      View Details
    • Contact for pricing
      476,000 SF

      Humble TX Industrial Space

      New 476,000 SF Class A industrial property for lease.
      21619 Rayford Rd, Humble, TX 77338
      View Details
    • Contact for pricing
      1,510 SF

      Retail Space Near Humble High

      Retail space in front of Humble High School for lease.
      1701 Wilson Road Ct, Humble, TX 77338
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,263 to 12,855 SqFt.
      20465 Us-59, Humble, TX 77338
      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.
    Broze Rd
    Humble, TX 77338
    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
    Broze Rd, Humble, TX, 77338
    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!