11031 Spell Rd Tomball, TX 77375
This exceptional 12-acre property in Tomball, Texas, presents a unique investment opportunity. The site boasts a 5,900 square-foot warehouse and a 3,100 square-foot residential/office building, offering immediate income potential or redevelopment possibilities. Located on Spell Road in Harris County, this property enjoys high visibility with approximately 230 feet of road frontage. Its strategic location offers easy access to major thoroughfares, including SH 249 and the Grand Parkway (SH 99), placing it within minutes of downtown Tomball and a wealth of retail amenities. The property sits in a densely populated residential area within the Klein ISD, benefiting from a strong local economy and a growing population. Future infrastructure improvements, including a proposed extension of Champion Forest Drive, promise to further enhance the property's value and accessibility. The site is not located in a flood plain, according to FEMA maps, and enjoys an average daily traffic count exceeding 11,000 vehicles on nearby Hufsmith-Kohrville Road. Detailed demographic information is available upon request. The property is priced at $2,300,000, representing a price per square foot of $491.53. The 2021 total tax rate was $2.14 per $100 of assessed value. This versatile property is ideal for a variety of uses, making it an attractive investment for both developers and business owners.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.