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    16344 Wallisville Rd Houston, TX 77049
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    16344 Wallisville Rd Houston, TX 77049

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    • Retail properties & Spaces
    • 10,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Everest dental urgent and family care / Dental Office
    • Everest Pharmacy & Medical Supply / Pharmacy
    • Tacos el sabor callejero / Restaurant
    • HOTWORX- Houston, TX (Channelview) / Gym & Fitness Center
    • Monique Thomas / Physician

    Property Details for 16344 Wallisville Rd

    Year built
    2019
    Property size
    10,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Medical space

    Description

    This 10,000 square foot medical retail building, constructed in 2019, is located at 16344 Wallisville Rd, Houston, TX 77049. The single-tenant property features a fully equipped urgent care/ER clinic ready for immediate occupancy. The space includes five exam rooms with exam tables and chairs, an on-site X-ray machine and technician room with a viewing window, a dedicated telemedicine room, and a lab/phlebotomy/injection room equipped with refrigerators and essential lab equipment. Additional features include a private physician's office, a staff work area, a private staff bathroom and breakroom, a front desk area, and dual waiting areas. The building is a single-tenant property with 3,825 square feet currently occupied as an urgent care facility. The property offers a prime location in Houston, Texas, providing convenient access for patients. This turnkey operation presents a unique opportunity for healthcare providers seeking a well-equipped and established facility. The building's modern design and comprehensive amenities create an efficient and comfortable environment for both patients and staff. This is an exceptional opportunity to acquire a high-quality medical facility in a thriving Houston market.

    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
    -95.1413
    Latitude
    29.8157

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      16344 Wallisville Rd

      Medical space • 10,000 SF
      16344 Wallisville Rd, Houston, TX 77049
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    • Value Estimation by Request
      7,665 SF

      14570 Wallisville Rd

      MEDICAL BUILDING • 7,665 SF
      14570 Wallisville Rd, Houston, TX 77049-4353
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    • Value Estimation
      $660,000
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      6750 Sam Houston N Pkwy

      MEDICAL BUILDING • 11,344 SF
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    • Value Estimation by Request
      8,320 SF

      13711 Wallisville Rd

      MEDICAL BUILDING • 8,320 SF
      13711 Wallisville Rd, Houston, TX 77049-3908
      View Details
    • Value Estimation
      $2,205,000
      18,914 SF

      15149 Wallisville Rd

      MEDICAL BUILDING • 18,914 SF
      15149 Wallisville Rd, Houston, TX 77049-4619
      View Details
    • Value Estimation
      $855,000
      19,481 SF

      6191 Sam Houston N Pkwy

      MEDICAL BUILDING • 19,481 SF
      6191 Sam Houston N Pkwy, Houston, TX 77049-7201
      View Details

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    16344 Wallisville Rd
    Houston, TX 77049
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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.

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