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    4950 Farm To Market 1960 Rd Houston, TX 77069
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    4950 Farm To Market 1960 Rd Houston, TX 77069

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    • Retail properties & Spaces
    • 71,530 SF
    • 13.86 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4950 Farm To Market 1960 Rd

    Year built
    1984
    Lot size
    13.86 lot acres
    Property size
    71,530 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Chelsea Commons presents a compelling investment opportunity in the thriving FM 1960 submarket of Harris County. This established neighborhood shopping center, situated at the corner of Wunderlich and FM 1960, comprises three single-story buildings totaling 71,530 square feet across 18 suites. Built in 1984, the property boasts ample parking with 350 spaces, catering to the needs of both tenants and customers. The diverse suite sizes range from 1,029 square feet to 10,567 square feet, offering flexibility for a variety of retail uses. Currently, there are twelve available spaces, presenting a unique chance to acquire a significant portion of this well-located center. The property sits on a substantial 13.86-acre lot, providing ample room for expansion or future development. Its established location and significant square footage make Chelsea Commons an attractive prospect for investors seeking a strong return on investment in a busy retail corridor. The property's history as a successful retail center, encompassing previous uses such as restaurants and a beauty school, speaks to its enduring appeal and adaptability to various commercial ventures. The multiple tenancy structure provides a diversified income stream, mitigating risk and enhancing the overall value proposition. This is a rare opportunity to acquire a substantial retail property in a high-traffic area with significant potential for growth and profitability.

    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
    -95.5048
    Latitude
    29.9845

    Comparable in this City

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      Cutten Rd

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      16,211 SF

      6265 Farm To Market 1960 Rd

      Retail properties & Spaces • 16,211 SF
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    • Value Estimation
      $820,000
      14,171 SF

      7050 Fm 1960th W Rd

      RESTAURANT • 14,171 SF
      7050 Fm 1960th W Rd, Houston, TX 77069-3602
      View Details
    • Value Estimation
      $535,000
      5,313 SF

      4710 Fm 1960th W Rd

      RESTAURANT • 5,313 SF
      4710 Fm 1960th W Rd, Houston, TX 77069-4606
      View Details

    Similar Nearby for Sale

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      Retail Space For Sale

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      31,000 SF

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      31,000 SF multi-use property near I-45 and Beltway 8.
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      Retail/Industrial Buildings with Showroom

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      Dental Building in Champion Forest

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      Corner Land Parcel For Sale

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    Similar Nearby for Lease

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      Retail/Restaurant/Office/Industrial Site For Sale

      Versatile 0.88 acre site suitable for retail, service, or mixed-use.
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      Retail Space Available For Rent

      Retail space available with 6,600 SqFt area.
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      Retail Space on FM 1960

      Retail space in Willowbrook Mall area, fronting FM 1960 West.
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      Neighborhood Shopping Center For Rent

      Neighborhood shopping center at Wunderlich and FM 1960.
      4950 Farm To Market 1960 Rd W, Houston, TX 77069
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      10,832 SF

      Retail Space in High-Traffic Area

      Retail space in Houston's established North Oaks retail corridor.
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      Freestanding Building in Champions Plaza

      Freestanding retail building in Target anchored Champions Shopping Plaza.
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    Houston, TX 77069
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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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