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    1002 Village Square Dr Tomball, TX 77375
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    Property profile & analytics

    1002 Village Square Dr, Tomball, TX 77375

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    • Office buildings
    • 9,029 SF
    • 0.68 lot acres
    For Lease
    $1,715,000
    View Listing →
    Tomball Executive Office Suites For Lease
    $1,715,000

    Tomball Executive Office Suites

    Executive office suites available for rent in downtown Tomball.

    1002 Village Square Dr, Tomball, TX 77375
    View Listing
    Property ID
    US82-4379584
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RESTORATION PSYCHOLOGICAL SERVICES, PLLC / Crisis Center / Medical Clinic
    • Texas Master Chorale / Music Venue / Theater & Performing Art Venue
    • Balsam Rose Massage / Alternative Medicine Practice / Spa & Massage Center
    • Alamo Title Company / Title Company / Escrow Service
    • The Therapy Team / Crisis Center / Medical Clinic

    Property Details for 1002 Village Square Dr

    Year built
    2005
    Construction
    WOOD FRAME
    Lot size
    0.68 lot acres
    Property type
    Office buildings
    APN
    1240030010002
    APU
    1240030010002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 13, 2012 — Tubular Products Of Texas INC Life Built Properties LP Warranty Deed · related —

    Description

    This exceptional office space, located in the Alamo Title Building at 1002 Village Square Dr, Tomball, TX 77375, offers a variety of executive and traditional office suites. The building totals 9,029 square feet, with units ranging from a minimum of 200 square feet to a maximum contiguous space of 3,000 square feet. The property is classified as Class B and features multiple tenancies, providing flexibility for businesses of various sizes. Each suite is move-in ready and includes all utilities, internet access, and janitorial services. Common area maintenance (CAM) charges are included in the rental price, making budgeting simple and predictable. The building enjoys a highly convenient location, just one block from Main Street, directly across from the US Post Office, and within close proximity to the heart of downtown Tomball. Furthermore, its less than a mile from the major thoroughfare, Hwy 249 (Tomball Parkway), ensuring easy access for clients and employees. Suite C executive suites are currently available at $595 per month, each. Tenants are solely responsible for their phone service. This presents a unique opportunity to secure premium office space in a thriving Tomball location with all-inclusive pricing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,100,000
      6.5%
      $1,940,000
      7%
      $1,800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,488,000
      Market price range: $1.49M - $2.83M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6275
    Latitude
    30.0957
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,345
    $207,074
    $1,000,849
    $1,207,923
    -
    $207,074
    $1,000,849
    $1,207,923

    Comparable in this City

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      28,400 SF

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    • Value Estimation
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      12125 Zion Rd

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    • Value Estimation by Request
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      11300 Boudreaux Rd

      OFFICE BUILDING
      11300 Boudreaux Rd, Tomball, TX 77375-7437
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    • Value Estimation
      $1,910,000
      9,168 SF

      711 Chestnut St

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $875,000
      4,024 SF

      30020 State Hwy 249

      OFFICE BUILDING
      30020 State Hwy 249, Tomball, TX 77375-4013
      View Details
    • Value Estimation by Request
      1,901 SF

      23526 Coons Rd

      OFFICE BUILDING
      23526 Coons Rd, Tomball, TX 77375-8202
      View Details

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      Tomball Boutique Office Building

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      Tomball Office Space For Rent

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      View Details
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    Tomball, TX 77375
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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.

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