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

    11037 Fm 1960th W Rd Houston, TX 77065-3600

    • Strip malls
    • 53,299 SF
    • 4.35 lot acres
    OFF-MARKET
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3910934
    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.

    Current Use by Public Records

    • Steeplechase Plaza Pharmacy / Pharmacy

    Property Details for 11037 Fm 1960th W Rd

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    4.35 lot acres
    Property size
    53,299 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1166030000001
    APU
    1166030000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $950,000
      Market price range: $950k - $1.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5879
    Latitude
    29.9299
    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
    $23,916
    $1,325,793
    $2,708,344
    $4,034,137
    -
    $1,325,793
    $2,708,344
    $4,034,137

    Comparable in this City

    • Value Estimation
      $570,000
      28,662 SF

      12438 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 28,662 SF
      12438 Fm 1960th W Rd, Houston, TX 77065-4809
      View Details
    • Value Estimation by Request
      13,706 SF

      13126 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 13,706 SF
      13126 Fm 1960th W Rd, Houston, TX 77065-5692
      View Details
    • Value Estimation by Request
      19,134 SF

      9590 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 19,134 SF
      9590 Jones Rd, Houston, TX 77065-5492
      View Details
    • Value Estimation
      $605,000
      18,098 SF

      12914 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 18,098 SF
      12914 Fm 1960th W Rd, Houston, TX 77065-5310
      View Details
    • Value Estimation
      $690,000
      34,660 SF

      19708 Nwnw Fwy

      SHOPPING CENTER, STRIP CENTER • 34,660 SF
      19708 Nwnw Fwy, Jersey Village, TX 77065-5621
      View Details
    • Value Estimation
      $1,320,000
      85,649 SF

      9507 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 85,649 SF
      9507 Jones Rd, Houston, TX 77065-4814
      View Details

    Similar Nearby for Sale

    • $6,164,151
      4,750 SF

      Houston Car Wash - Net Lease Investment

      High-return car wash, long-term lease.
      9801 Jones Rd, Houston, TX 77065
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      11,200 SF

      Huffmeister Road Restaurant/Bar Sale

      Turnkey Restaurant/Bar, 11,200 SF
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      13,200 SF

      Jones Road Retail Pad Site

      13,200 SF Restaurant Pad, High Traffic
      10701 Jones Rd, Houston, TX 77065
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    • Contact for pricing
      2.72 Acres

      Houston Retail Land Investment Opportunity

      Prime 2.72-acre storefront development site.
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      View Details
    • $450,000
      1,500 SF

      FM 1960 Executive Office Space

      Houston Office/Retail Space: Lease or Buy
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
    • $450,000
      1,500 SF

      Retail/Office Space on FM 1960

      1,500 SF retail/office space for sale on FM 1960.
      11780 W Fm 1960 Rd, Houston, TX 77065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,026 SF

      Retail Space Near FM 1960

      Retail space with high visibility and pylon signage available.
      12620 W Fm 1960 Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      85,973 SF

      Cypress Square Shopping Center

      Retail/Office Space Available Now
      11111 Huffmeister Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      2,708 SF

      Retail Space Near Jones Road

      Well-located retail space with high visibility and ample parking.
      9110 Jones Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      5,975 SF

      Retail/Office Space on Jones Road

      5,795 SF retail/office space available for lease on Jones Road.
      10535 Jones Rd, Houston, TX 77065
      View Details
    • $12 SF/Yr
      11,200 SF

      Houston Sports Bar Investment Opportunity

      Established Bar/Restaurant, 11,200 SF
      11133-A Huffmeister Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      1,500 SF

      Prime Houston Executive Office Space

      1,500 SF Office, Cypress/FM 1960
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
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    Houston, TX 77065-3600
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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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