Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3903 Farm To Market 1960 Rd Houston, TX 77068
    Back to Search
    Property profile & analytics

    3903 Farm To Market 1960 Rd Houston, TX 77068

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

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 3903 Farm To Market 1960 Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Cornerstone Plaza, located at 3903 Farm to Market 1960 Rd W in Houston, Texas (zip code 77068), presents a compelling retail investment opportunity. This Harris County shopping center boasts a prime location within the highly developed Willowbrook trade area, ensuring excellent visibility and accessibility. The property's strategic placement near the intersection of FM 1960 and Stuebner Airline Rd benefits from a combined daily traffic count exceeding 89,000 vehicles. This high traffic volume translates to significant potential for customer engagement and business growth. Furthermore, Cornerstone Plaza enjoys proximity to a major anchor tenant, The Home Depot, and benefits from a substantial consumer base. The surrounding area boasts a population exceeding 336,000 within a five-mile radius, providing a large pool of potential customers. The property's location near the Willowbrook Mall, which attracts over 5.9 million visitors annually, further enhances its desirability and potential for success. This multiple-tenancy retail center offers a unique opportunity to establish or expand a business in a thriving commercial hub. The property is classified as a shopping center and is available for lease. Detailed lease terms are available upon request.

    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
    -95.4877
    Latitude
    29.9924

    Comparable in this City

    • Value Estimation
      $560,000
      14,740 SF

      4431 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 14,740 SF
      4431 Cypress Crk Pkwy, Houston, TX 77068-3409
      View Details
    • Value Estimation
      $820,000
      58,842 SF

      16300 Kuykendahl Rd

      SHOPPING CENTER, STRIP CENTER • 58,842 SF
      16300 Kuykendahl Rd, Houston, TX 77068-2752
      View Details
    • Value Estimation
      $705,000
      41,943 SF

      3903 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 41,943 SF
      3903 Cypress Crk Pkwy, Houston, TX 77068-3505
      View Details
    • Value Estimation
      $680,000
      24,511 SF

      4403 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 24,511 SF
      4403 Cypress Crk Pkwy, Houston, TX 77068-3409
      View Details
    • Value Estimation
      $530,000
      26,802 SF

      3702 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 26,802 SF
      3702 Cypress Crk Pkwy, Houston, TX 77068-3529
      View Details
    • Value Estimation
      $1,090,000
      65,260 SF

      4444 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 65,260 SF
      4444 Cypress Crk Pkwy, Houston, TX 77068-3423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,500 SF

      Versatile Commercial Property on FM 1960

      5,500 SF building on 0.95 acres with frontage.
      2427 Farm To Market 1960 Rd W, Houston, TX 77068
      View Details
    • Contact for pricing

      Office Condominiums Near FM 1960

      New office condominium complex near FM 1960 and Champions area.
      4224 Cypress Creek Pkwy, Houston, TX 77068
      View Details
    • Contact for pricing
      7,800 SF

      Houston Medical Office Building For Sale

      Medical office in Southwest Houston, convenient access, ideal for clinics.
      14637 Pebble Bend Dr, Houston, TX 77068
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Northchase Plaza

      Retail space for lease in Houston, Texas.
      4407 Fm 1960 Rd, Houston, TX 77068
      View Details
    • Contact for pricing

      Anchored Retail Center on FM 1960

      Retail spaces in Houston, anchored by national and regional tenants.
      4407-4485 Fm 1960 Rd West, Houston, TX 77068
      View Details
    • Contact for pricing

      High-Visibility Retail Center with Drive-Thru

      New retail center with drive-thru in high-traffic location.
      17049 Kuykendahl Rd, Houston, TX 77068
      View Details
    • Contact for pricing

      Houston Retail Property For Lease

      Retail property available for lease in Houston, Texas.
      3140 Fm 1960 Rd W, Houston, TX 77068
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property featuring 35,415 square feet of space.
      4534 Fm 1960 Rd West, Houston, TX 77068
      View Details
    • Contact for pricing
      6,556 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
      16300 Kuykendahl Rd, Houston, TX 77068
      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.
    3903 Farm To Market 1960 Rd
    Houston, TX 77068
    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
    3903 Farm To Market 1960 Rd, Houston, TX, 77068
    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!