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    12012 Royal Oaks Run Dr Houston, TX 77082
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    12012 Royal Oaks Run Dr Houston, TX 77082

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    • Land

    Property Details for 12012 Royal Oaks Run Dr

    Property type
    Land

    Description

    This exceptional development opportunity presents 46 meticulously planned single-family residential lots in Houston's desirable Westchase area. Located within a thriving gated community bordering Royal Oaks Country Club, these lots offer a unique chance to build high-value homes. Each lot ranges from 3,150 to 3,950 square feet and is shovel-ready, having undergone extensive planning and preparation. The community boasts efficient road layouts, ensuring easy access for residents. Existing infrastructure and amenities are already in place, providing immediate integration for new builds. The area is known for its strong demand for new homes, offering significant potential for a high return on investment. The lots were recently appraised at $185,000 individually and $157,250 in bulk, and are currently priced at $150,000 each. The development is designed with sustainability in mind and allows for flexible building guidelines, enabling creative architectural designs while maintaining community integrity. Nearby amenities include a community swimming pool, access to over 50 miles of nature trails and 26,000 acres of parks, and proximity to major shopping centers, cultural attractions, airports (Bush Intercontinental and Hobby), and the Houston Medical Center. Homes in the surrounding Royal Oaks community range in value from $600,000 to over $5,000,000, reflecting the high desirability of the location. This is a rare opportunity to build a legacy in a prime Houston location. The address is 12012 Royal Oaks Run Dr, Houston, TX 77082.

    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
    -95.5914
    Latitude
    29.7256

    Comparable in this City

    • Value Estimation by Request

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      4.20 Acres

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      2.00 Acres

      3537 State Hwy

      Land • 2.00 Acres
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      0.85 Acres

      1006 Highway 6

      Land • 0.85 Acres
      1006 Highway 6, Houston, TX 77082
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    • Value Estimation by Request
      9,708 SF

      3233 Windchase Blvd, Unit 200

      GARDEN APT, COURT APT (5+ UNITS) • 9,708 SF
      3233 Windchase Blvd, Houston, TX 77082-3416
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    • Value Estimation
      $2,590,000
      196,592 SF

      14631 Richmond Ave, Unit 206

      HIGH-RISE APARTMENTS • 196,592 SF
      14631 Richmond Ave, Houston, TX 77082-1689
      View Details

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      4.2 Acres of Land Available

      Two tracts of land totaling approximately 4.2 acres for sale.
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      Richmond Avenue Commercial Land Available

      Approximately 4.2 acres of commercial land for sale or lease.
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      Commercial Land for Ground Lease

      0.66 AC land for lease, utilities available, not floodplain.
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      28,000 SF

      Commercial Land for Lease

      Commercial land available for lease, approximately 0.66 acres.
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      Retail Space for Lease

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      Retail Plaza on Westheimer Road

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      Retail Space in Royal Oaks

      Retail space available in Houston's Royal Oaks neighborhood.
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      8,177 SF

      Hayes Road Office Space Available

      Office space available for lease on Hayes Road, Houston.
      3100-3110 Hayes Rd, Houston, TX 77082
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    Houston, TX 77082
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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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