Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Cherry St Tomball, TX 77375

    • Land
    • 11.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cherry St

    Lot size
    11.09 lot acres
    Property type
    Land

    Description

    This exceptional 11.09-acre commercial land parcel presents a unique investment opportunity in the thriving Tomball, Texas market. Located at 0 South Cherry Street, this property boasts 227.3 feet of frontage on South Cherry Street, offering excellent visibility and accessibility. The site is conveniently situated just south of Medical Complex Drive and less than 1.5 miles from Highway 249, providing easy access to major transportation routes. Zoned for Light Industrial use, this property is ideal for a variety of development projects, from a single-user facility to a multi-tenant industrial business park. Utilities are readily available, including water, sanitary sewer, and natural gas, all provided through the City of Tomball. Importantly, the land is located outside of both the 100-year and 500-year floodplains, minimizing risk and simplifying development. Furthermore, the City of Tomball offers potential off-site detention capacity via a conveyance ditch, providing a valuable advantage for developers. This exceptional location and comprehensive infrastructure make this 11.09-acre tract a highly desirable investment opportunity in a rapidly growing area of Harris County. Don't miss this chance to acquire a prime piece of commercial real estate in Tomball, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6115
    Latitude
    30.0821

    Comparable in this City

    • Value Estimation by Request
      4.52 Acres

      Sh 249 / Tomball Pkwy

      Retail properties • 4.52 Acres
      0 Sh 249 / Tomball Pkwy, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      2.07 Acres

      1226 Main St

      Land • 12,148 SF
      1226 Main St, Tomball, TX 77375
      View Details
    • Value Estimation by Request

      26000 Tx-249

      Land
      26000 Tx-249, Tomball, TX 77375
      View Details
    • Value Estimation by Request

      24208 Fm 2978 Rd

      Land
      24208 Fm 2978 Rd, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      10.89 Acres

      21801 Hufsmith - Kohrville Rd

      Land • 474,212 SF
      21801 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details
    • Value Estimation by Request

      Hufsmith Rd

      Land
      0 Hufsmith Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Sale

    • $3,700,000
      10.15 Acres

      Tomball Medical District Land

      10 Acres, Prime Commercial Location
      0 Michel Rd, Tomball, TX 77375
      View Details
    • $2,996,516
      3.44 Acres

      SH 249 Tomball Commercial Land

      Prime Tomball location, high traffic, development ready.
      0 +/- 3.44 Acres On Sh 249, Tomball, TX 77375
      View Details
    • $3,250,000
      2.07 Acres

      Tomball Commercial Land - $3.25M

      Prime Tomball location, renovated campus, 12,148 sq ft.
      1226 Main St, Tomball, TX 77375
      View Details
    • $4,000,000
      2.07 Acres

      Tomball Restaurant & Office Complex

      Prime Tomball location, fully renovated, owner financing.
      1222 Main St, Tomball, TX 77375
      View Details
    • Contact for pricing
      49.69 Acres

      Tomball Commercial Land - 49.69 Acres

      Prime Tomball location, multifamily potential.
      0 Sec Of Sh 249 & Brown Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      2.00 Acres

      Tomball Commercial Land Investment

      Unrestricted land, prime location, near Hwy 249
      0 Persimmon St, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Tomball, TX

      Land available for rent in Tomball, Texas.
      25527 State Highway 249, Tomball, TX 77375
      View Details
    • Contact for pricing
      50,000 SF

      Woodlands Creekside Retail Center

      Tomball, TX: Prime Retail/Medical Space Available
      26209 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • $21 SF/Yr
      6,000 SF

      Tomball Retail Space - 6000 SF

      High-visibility retail space in booming Tomball, TX.
      22808 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details
    • $100,000

      1.5 Acres Ground Lease

      1.5 acres available for ground lease, ideal for QSR.
      24720-24730 State Highway 249, Tomball, TX 77375
      View Details
    • Contact for pricing
      31,000 SF

      Prime Land on Spring Cypress

      High-visibility land with frontage on Spring Cypress Road in Tomball.
      Spring Cypress Rd, Tomball, TX 77375
      View Details
    • $13 SF/Yr

      Tomball Development Opportunity Near Highway

      2.54-acre tract suitable for medical, retail, office, or elder care.
      Medical Complex Dr, Tomball, TX 77375
      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.
    Cherry St
    Tomball, TX 77375
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.