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    1070 Evergreen Cir The Woodlands, TX 77380
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    Property profile & analytics

    1070 Evergreen Cir The Woodlands, TX 77380

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    • Commercial real estate
    • 14,250 SF
    Off-Market
    Property ID
    US83-2352964
    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

    • Commercial real estate

    Property Details for 1070 Evergreen Cir

    Year built
    2013
    Property size
    14,250 SF
    Property type
    Commercial real estate

    Description

    This exceptional Class A office building, located at 1070 Evergreen Cir in The Woodlands, Texas 77380, offers 14,250 square feet of meticulously maintained space. Built in 2013, this three-story building features a single structure with two available suites, totaling 9,945 square feet of vacant space. Suite sizes range from approximately 4,265 to 5,680 square feet, providing flexibility for various business needs. The building boasts modern amenities including elevators, and is conveniently situated near Grogan's Mill. Its location within the desirable Woodlands submarket ensures excellent visibility and accessibility. The property's high-quality construction and "move-in ready" condition make it an ideal choice for businesses seeking a prestigious and functional workspace. The building's traditional office design provides a professional and efficient environment. This is a rare opportunity to secure prime office space in a thriving Texas community. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    The Woodlands
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4638154
    Latitude
    30.1677562

    Comparable in this City

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      591 SF

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      The Woodlands Office Space Available

      Office space available for lease in The Woodlands, Texas.
      9595 Six Pines Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      807 SF

      Office Space for Lease

      1872 square feet of office space available for lease.
      10655 Six Pines Dr, Spring, TX 77380
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      Flexible Workspace in The Woodlands

      Adaptable office solutions with comprehensive services and amenities.
      1790 Hughes Landing Blvd, The Woodlands, TX 77380
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      The Woodlands Boutique Office Space

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    Similar Nearby for Lease

    • $21 SF/Yr
      591 SF

      Office Space Near Woodlands Town

      Office space suitable for various professional services near major locations.
      26410 Oak Ridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing

      Hughes Landing

      Discover many ways to work your way in Hughes Landing
      1790 Hughes Landing Blvd, The Woodlands, TX 77380
      View Details
    • Contact for pricing

      Class A Medical Office Building

      Two-story medical office building near major hospitals with convenient access.
      8850 Six Pines Dr, The Woodlands, TX 77380
      View Details
    • $50 SF/Yr
      1,573 SF

      The Woodlands Office Space Available

      Office space available for lease in The Woodlands, Texas.
      9595 Six Pines Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      807 SF

      Office Space for Lease

      1872 square feet of office space available for lease.
      10655 Six Pines Dr, Spring, TX 77380
      View Details
    • Contact for pricing

      Flexible Workspace in The Woodlands

      Adaptable office solutions with comprehensive services and amenities.
      1790 Hughes Landing Blvd, The Woodlands, TX 77380
      View Details
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    1070 Evergreen Cir
    The Woodlands, TX 77380
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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.

    More about this property
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