Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Lake Houston Pkwy Houston, TX 77044

    Property Lookup

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

    Lake Houston Pkwy Houston, TX 77044

    View on Map
    • Retail properties & Spaces
    • 75,358 SF
    • 1.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Lake Houston Pkwy

    Lot size
    1.73 lot acres
    Property size
    75,358 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 75,358-square-foot medical office building is situated on a 1.73-acre lot in Houston, Texas, offering unparalleled visibility and accessibility. The property boasts 267.17 feet of frontage along North Lake Houston Parkway, providing excellent exposure to high traffic volume. Its prime location near Beltway 8 ensures convenient access to major thoroughfares, including I-69 (Highway 59) approximately 10 minutes away and George Bush Intercontinental Airport (IAH) within 15 minutes. The property's proximity to Sheldon Lake State Park and Environmental Learning Center adds to its appeal. Furthermore, its location north of the Sheldon Business Park (Clay Development) places it within a thriving commercial area. The property is zoned unrestricted, presenting a multitude of development opportunities. The parcel's APN is 401580900608, and the zip code is 77044, within Harris County. The price per square foot is $14.51. This presents a unique investment opportunity in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2004
    Latitude
    29.8962

    Comparable in this City

    • Value Estimation
      $595,000
      7,394 SF

      12665 Lk Houston Pkwy

      MEDICAL BUILDING • 7,394 SF
      12665 Lk Houston Pkwy, Houston, TX 77044-1452
      View Details
    • Value Estimation
      $4,220,000
      36,862 SF

      14201 Sam Houston N Pkwy

      MEDICAL BUILDING • 36,862 SF
      14201 Sam Houston N Pkwy, Houston, TX 77044-6291
      View Details
    • Value Estimation by Request
      4,751 SF

      13825 Timber Frst Dr

      Flex space • 4,751 SF
      13825 Timber Frst Dr, Houston, TX 77044
      View Details
    • Value Estimation by Request
      8,725 SF

      16402 Lake Houston Pkwy

      Lifestyle centers • 8,725 SF
      16402 Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Value Estimation by Request
      9,632 SF

      13107 Lake Houston Pkwy

      Retail properties & Spaces • 9,632 SF
      13107 Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Value Estimation by Request
      14,326 SF

      13055 Lake Houston Pkwy

      Lifestyle centers • 14,326 SF
      13055 Lake Houston Pkwy, Houston, TX 77044
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,675 SF

      Medical Office Space Available

      3,675 sq ft medical office space for sale.
      W Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing

      Signalized Corner Lot For Sale

      2.0857 AC lot with utilities, ideal for retail.
      11900 Tidwell Rd, Houston, TX 77044
      View Details
    • Contact for pricing
      277,861 SF

      Houston Pad Site For Sale

      Pad site with building available for sale in Houston.
      8903 W Sam Houston Pkwy S, Houston, TX 77044
      View Details
    • Contact for pricing
      5,200 SF

      Retail Property on C E King

      Retail property with 5,200 square feet of space.
      8518 C E King Pkwy, Houston, TX 77044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in Houston

      Located in a growing area of Northeast Houston.
      14555 W Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing

      Retail Space in Summerwood Subdivision

      1485 SF end cap retail space for lease.
      13176 W Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing
      1,621 SF

      Waterfront Retail Space in Houston

      Retail space in a 20-acre waterfront development.
      1660 West Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing
      2,838 SF

      Kingwood Retail Space for Lease

      Retail space in a high-traffic Kingwood location.
      2815 W Lake Houston Pkwy, Kingwood, TX 77044
      View Details
    • Contact for pricing

      Retail Space Near Elementary School

      Second-generation retail space with high visibility and accessibility.
      16402 W Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing

      Class A Distribution Center

      Modern distribution center in master-planned business park, Houston.
      12515 Lockwood Rd, Houston, TX 77044
      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.
    Lake Houston Pkwy
    Houston, TX 77044
    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

    Lake Houston Pkwy, Houston, TX, 77044

    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!