Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    788 Sam Houston Pkwy Houston, TX 77024

    Property Lookup

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

    788 Sam Houston Pkwy Houston, TX 77024

    View on Map
    • Lifestyle centers
    • 66,316 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Town & Country Orthodontics / Dental Office
    • Orangetheory Fitness / Gym & Fitness Center
    • L & R Midland Inc / Trucking Company
    • First Commonwealth Bank / Bank / Loan Service
    • Fleming’s Prime Steakhouse & Wine Bar / Restaurant

    Property Details for 788 Sam Houston Pkwy

    Year built
    2008
    Property size
    66,316 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Town & Country Village, Building 23, offers exceptional executive office space for lease within a thriving mixed-use environment. This Class A property, built in 2008, boasts a total of 66,316 square feet, situated within a larger 550,868-square-foot regional mall in Harris County's Energy Corridor submarket. The building features a convenient two-story design, providing multiple tenancy options with a minimum divisible space of 1,801 square feet and a maximum contiguous space of 9,416 square feet. Currently, 22,012 square feet of space is available. The property offers ample parking with 100 covered spaces and 100 surface spaces, providing a generous parking ratio of 3.5 spaces per 1,000 square feet. Building amenities include card-key access, attached covered parking, on-site security, on-site management, and convenient on-site banking. Its prime corner lot location and proximity to a variety of excellent restaurants and retailers further enhance its appeal. This is an unparalleled opportunity to establish a presence in a vibrant and well-maintained commercial center. Contact us today to learn more about leasing options and explore the possibilities for your business.

    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
    -95.5616
    Latitude
    29.7779

    Comparable in this City

    • Value Estimation by Request
      30,291 SF

      12850 Memorial Dr

      Power centers • 30,291 SF
      12850 Memorial Dr, Houston, TX 77024
      View Details
    • Value Estimation
      $540,000
      43,209 SF

      9403 Katy Fwy

      MINI-MALL • 43,209 SF
      9403 Katy Fwy, Houston, TX 77024-1503
      View Details
    • Value Estimation
      $750,000
      85,612 SF

      10225 Katy Fwy

      MINI-MALL • 85,612 SF
      10225 Katy Fwy, Houston, TX 77024-1109
      View Details
    • Value Estimation
      $3,430,000
      231,844 SF

      341 Town Country Vlg

      MINI-MALL • 231,844 SF
      341 Town Country Vlg, Houston, TX 77024
      View Details
    • Value Estimation
      $515,000
      14,070 SF

      9401 Katy Fwy

      MINI-MALL • 14,070 SF
      9401 Katy Fwy, Houston, TX 77024-1402
      View Details
    • Value Estimation by Request
      11,904 SF

      701 Town And Country Blvd

      MINI-MALL • 11,904 SF
      701 Town And Country Blvd, Houston, TX 77024-3932
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Houston, Texas.
      12525 Memorial Dr, Houston, TX 77024
      View Details
    • $21 SF/Yr
      89,957 SF

      Prime Houston Office Sublease

      6,263 SF First Floor Office Space near I-10
      7155 Old Katy Rd, Houston, TX 77024
      View Details
    • Contact for pricing
      1,500 SF

      Established Retail Hub For Sale

      Vibrant retail center with reputable tenants in desirable location.
      14501-14509 Memorial Dr, Houston, TX 77024
      View Details
    • Contact for pricing
      6,925 SF

      Retail Space with High Visibility

      Retail space with high visibility and easy highway access.
      3800-3890 S Gessner Rd, Houston, TX 77024
      View Details
    • $33 SF/Yr

      Town & Country Office Space

      Office and retail spaces available for lease in Houston.
      10497 Town & Country Way, Houston, TX 77024
      View Details
    • Contact for pricing

      Class A Office Building

      Ten-story Class A office building with structured parking.
      750 Town & Country Blvd, Houston, TX 77024
      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.
    788 Sam Houston Pkwy
    Houston, TX 77024
    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

    Thank You for Inquiry
    788 Sam Houston Pkwy, Houston, TX, 77024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!