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

    1106 Sherwood Frst St, Unit 142 Houston, TX 77043-4634

    • Hotels
    • 85,431 SF
    • 2.33 lot acres
    OFF-MARKET
    Value Estimations
    $3,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0249844
    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

    • Home2 Suites by Hilton Houston Energy Corridor / Hotel & Motel

    Property Details for 1106 Sherwood Frst St

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    2.33 lot acres
    Property size
    85,431 SF
    Property type
    Hotels
    APN
    700770020052
    APU
    700770020052

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,993,000
      Market price range: $917k - $2.99M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,450,000
      APARTMENT HOUSE (5+ UNITS)
      $5,340,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5788
    Latitude
    29.7869
    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
    $117,068
    $2,033,380
    $9,620,139
    $11,653,519
    -
    $2,033,380
    $9,620,139
    $11,653,519

    Comparable in this City

    • Value Estimation
      $565,000
      22,562 SF

      1340 Sam Houston N Pkwy, Unit 32

      HOTEL/MOTEL • 22,562 SF
      1340 Sam Houston N Pkwy, Houston, TX 77043-4011
      View Details
    • Value Estimation
      $1,915,000
      68,453 SF

      11080 Katy Fwy, Unit 136

      HOTEL/MOTEL • 68,453 SF
      11080 Katy Fwy, Houston, TX 77043-4701
      View Details
    • Value Estimation
      $1,000,000
      55,096 SF

      2424 Sam Houston N Pkwy, Unit 98

      HOTEL • 55,096 SF
      2424 Sam Houston N Pkwy, Houston, TX 77043-2021
      View Details
    • Value Estimation
      $3,225,000
      75,665 SF

      10500 Katy Fwy, Unit 123

      HOTEL/MOTEL • 75,665 SF
      10500 Katy Fwy, Houston, TX 77043-5107
      View Details
    • Value Estimation by Request
      20,133 SF

      1307 Sam Houston N Pkwy, Unit 32

      HOTEL/MOTEL • 20,133 SF
      1307 Sam Houston N Pkwy, Houston, TX 77043-4010
      View Details
    • Value Estimation
      $1,000,000
      59,920 SF

      3251 Sam Houston N Pkwy, Unit 82

      HOTEL • 59,920 SF
      3251 Sam Houston N Pkwy, Houston, TX 77043-1619
      View Details

    Similar Nearby for Sale

    • $757,000

      Land Lot in Houston

      25,116 square foot lot with minimal trees.
      10227 Emnora Ln, Houston, TX 77043
      View Details
    • $79,900

      Vacant Lot in Spring Branch

      Vacant lot in the Spring Branch West community.
      Ridgeview Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      10,750 SF

      Town & Country Retail Center Investment

      Houston Retail Center, 100% Occupied
      10780 Westview Dr, Houston, TX 77043
      View Details
    • $130,000

      Land For Sale

      Land available for purchase in Houston, Texas.
      1220 Shadowdale Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      7,200 SF

      7,200 SF Free Standing Building

      7,200 SF building with office, warehouse, and outside storage.
      1331 Upland Dr, Houston, TX 77043
      View Details
    • $176,500

      Corner Condo with Community Amenities

      Four-bedroom condo with two living areas and community amenities.
      11002 Hammerly Blvd, Houston, TX 77043
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      9,000 SF

      Houston Warehouse Space Available

      9,000 & 5,000 SF Warehouse Lease
      1765 Upland Dr, Houston, TX 77043
      View Details
    • $9 SF/Yr
      2,557 SF

      Industrial Space Available for Lease

      2,557 square feet of industrial space for lease.
      1411 Upland Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      102,600 SF

      Georgibelle Business Park Flex Space

      Harris County flex/warehouse space available.
      10210 Georgibelle Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      5,000 SF

      Class A Office/Flex Space

      5,000 SF of furnished office/flex space with above-standard finishes.
      10692 Haddington Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      9,913 SF

      Kempwood Drive Warehouse Space

      Warehouse space available for lease in Houston, Texas.
      10780-10798 Kempwood Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      45,681 SF

      Brittmoore Road Warehouse Space Available

      Large warehouse space for lease; flexible options.
      1717 Brittmoore Rd, Houston, TX 77043
      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.
    1106 Sherwood Frst St, Unit 142
    Houston, TX 77043-4634
    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.