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

    Woodford Pl Dr Houston, TX 77339

    • Land
    • 238,709 SF
    • 5.48 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Woodford Pl Dr

    Lot size
    5.48 lot acres
    Property size
    238,709 SF
    Property type
    Land

    Description

    This exceptional 5.5-acre commercial land parcel, located at Woodford Pl Drive in Houston, Texas (Montgomery County, zip code 77339), presents a unique investment opportunity. The property boasts a substantial 238,709 square feet and is identified by APN 6433-14-00600. Its strategic location offers easy access to major transportation arteries, including Bush Intercontinental Airport and the Grand Parkway. The site's proximity to Lone Star College and Kingwood Medical Center further enhances its appeal. With approximately 309 feet of frontage on Woodford Place Drive, the property provides excellent visibility and accessibility. This versatile land is ideally suited for a range of commercial developments, including retail, office/medical professional buildings, multi-family residential projects, or an assisted living/nursing facility. The property's size and location within the city of Houston make it an attractive proposition for developers seeking a prime location for their next venture. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area of Houston.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2585
    Latitude
    30.0594

    Comparable in this City

    • Value Estimation by Request
      6.14 Acres

      Woodford Pl Dr

      Land • 267,589 SF
      0 Woodford Pl Dr, Houston, TX 77339
      View Details
    • Value Estimation by Request
      14.90 Acres

      Sorters Mcclellan Rd & Woodford Pl Dr

      Land • 14.90 Acres
      0 Sorters Mcclellan Rd & Woodford Pl Dr, Porter, TX 77339
      View Details
    • Value Estimation by Request
      29.00 Acres

      Northpark Dr @ Sorters Mcclellan Rd

      Land • 29.00 Acres
      0 Northpark Dr @ Sorters Mcclellan Rd, Porter, TX 77339
      View Details
    • Value Estimation by Request
      7.00 Acres

      Winford Sq Dr

      Land • 306,270 SF
      0 Winford Sq Dr, Houston, TX 77339
      View Details
    • Value Estimation by Request
      11.60 Acres

      Sorters Mcclellan Rd @ Future Woodford Pl Dr

      Land • 11.60 Acres
      0 Sorters Mcclellan Rd @ Future Woodford Pl Dr, Houston, TX 77339
      View Details
    • Value Estimation by Request
      12.34 Acres

      Kingwood Pl Dr @ Kellington Dr

      Land • 537,443 SF
      0 Kingwood Pl Dr @ Kellington Dr, Houston, TX 77339
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.20 Acres

      Kingwood Commercial Land - 6.2 Acres

      Prime Houston commercial land, excellent location.
      0 Kingwood Pl Dr@ Future Creswell Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      3.50 Acres

      Houston Commercial Land - 3.5 Acres

      Prime Houston commercial land, ideal for development.
      0 Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      11.60 Acres

      Houston Commercial Land Tract B2

      11.6 Acres, Prime Houston Location
      0 Sorters Mcclellan Rd @ Future Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      1.80 Acres

      Kingwood Commercial Land - Loop 494

      1.8 Acres, High-Visibility Location
      22530 Loop, Houston, TX 77339
      View Details
    • Contact for pricing
      6.14 Acres

      Houston Commercial Land - 6.1 Acres

      Prime Houston commercial land, ideal development.
      0 Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      4.26 Acres

      Kingwood Executive Dr Land Tracts

      Prime Kingwood commercial land, multiple tracts available.
      0 Kingwood Executive Dr @ Sorters Mcclelland Rd, Humble, TX 77339
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,262 SF

      Land for Lease or Sale

      Pad sites available near new H-E-B and residential developments.
      Woodland Hills Dr, Humble, TX 77339
      View Details
    • $18 SF/Yr
      9,800 SF

      Kingwood Executive Office Suites

      Prime Kingwood Office Space Available
      2330 Timber Shadows, Houston, TX 77339
      View Details
    • $26 SF/Yr
      22,150 SF

      Kingwood Medical Office Space

      Modern medical suites, flexible sizes.
      23051 Kingwood Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      2,058 SF

      Kingwood Office Space For Rent

      Prime Kingwood location, turnkey ready for law firm.
      4300 Town Center Pl, Humble, TX 77339
      View Details
    • $20 SF/Yr
      34,719 SF

      Green Oak Professional Plaza, Humble

      Prime Houston-area office space for lease.
      2300 Greenoak Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      7,500 SF

      Houston Medical Office Suite

      1,206 SF Medical Office Available
      22749 Professional Dr, Houston, TX 77339
      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.
    Woodford Pl Dr
    Houston, TX 77339
    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.