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    Kingwood TX Woodford Pl Dr Houston, TX 77339

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    Kingwood TX Woodford Pl Dr Houston, TX 77339

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    • Land
    • 196,020 SF
    • 4.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Kingwood TX Woodford Pl Dr

    Lot size
    4.50 lot acres
    Property size
    196,020 SF
    Property type
    Land

    Description

    This exceptional 4.5-acre commercial land parcel, designated as Tract B, is strategically located on Woodford Place Drive in Kingwood, Texas, within the city limits of Houston. The property boasts approximately 583 feet of frontage on Woodford Place Drive, offering excellent visibility and accessibility. Its convenient location provides easy access to Bush Intercontinental Airport, Lone Star College, and the Kingwood Medical Center, making it an attractive site for a variety of commercial ventures. The total square footage of the land is 196,020 square feet. This single-tenancy property presents a unique opportunity for developers seeking a well-situated site in a thriving area of Houston with convenient access to major transportation arteries and key community amenities. The property is situated in Harris County, Texas, with a zip code of 77339, and benefits from its proximity to the Grand Parkway, further enhancing its accessibility and logistical advantages. This expansive lot offers significant potential for various commercial developments, capitalizing on its prime location and substantial size.

    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
    -95.2602
    Latitude
    30.0612

    Comparable in this City

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      29.00 Acres

      Northpark Dr @ Sorters Mcclellan Rd

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      6.14 Acres

      Woodford Pl Dr

      Land • 267,589 SF
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      9.80 Acres

      Kingwood Pl Dr

      Land • 9.80 Acres
      0 Kingwood Pl Dr, Houston, TX 77339
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    • Value Estimation by Request
      10.80 Acres

      Woodford Pl Dr& Winford Sq Dr

      Land • 10.80 Acres
      0 Woodford Pl Dr& Winford Sq Dr, Houston, TX 77339
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    • Value Estimation by Request
      5.48 Acres

      Woodford Pl Dr

      Land • 238,709 SF
      0 Woodford Pl Dr, Houston, TX 77339
      View Details

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      Kingwood Land Tract For Sale

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      Unrestricted Land on Loop 494

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      Land For Sale

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    Similar Nearby for Lease

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      Medical Building Near HCA Kingwood

      Freestanding medical building with flexible spaces for lease.
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      Office Spaces Available for Rent

      Office spaces available, ranging from 1,500 to 10,100 SqFt.
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      Office Spaces Available For Rent

      Office spaces available, ranging from 1,082 to 2,231 SqFt.
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      Office Spaces Available For Rent

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      Kingwood Office Space For Rent

      Prime Kingwood location, turnkey ready for law firm.
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      Retail Space For Lease

      1,200 SF retail space available for lease.
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    Houston, TX 77339
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    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
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