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

    11092 Fondren Rd Houston, TX 77096

    • Community centers
    • 2,253 SF
    • 1.42 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4117801
    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

    • Redi - Care Pharmacy / Pharmacy
    • City Gear / Shoe Store / Clothing Store
    • Prince $ / Variety Store
    • AI Insurance / Insurance Agency
    • Fondren Southwest Village / Shopping Mall

    Property Details for 11092 Fondren Rd

    Year built
    1980
    Construction
    WOOD FRAME
    Lot size
    1.42 lot acres
    Property size
    2,253 SF
    Property type
    Community centers
    APN
    1064060000001
    APU
    1064060000001

    Description

    Fondren Marketplace, a vibrant Houston shopping center located at 11092 Fondren Rd, Houston, TX 77096, offers exceptional retail space opportunities. This established center boasts a total of 303,790 square feet of retail space, with multiple tenancies. Currently, there is 60,575 square feet of vacant space available, providing flexibility for businesses of various sizes. Units range from a minimum of 1,600 square feet to a maximum contiguous space of 48,196 square feet, catering to a diverse range of retail needs. The property is conveniently located near Bellfort Blvd., ensuring high visibility and accessibility for customers. This prime location in Houston offers a strong potential for growth and success. The property's size and layout provide ample opportunity for expansion or consolidation, making it an ideal location for both established businesses and new ventures. The available space presents a unique chance to establish a presence in a thriving retail environment. Interested parties are encouraged to inquire about the available spaces and explore the possibilities of becoming part of the Fondren Marketplace community. The property is situated at 29.65662107 latitude and -95.50854149 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5091
    Latitude
    29.6595
    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
    $17,907
    $495,576
    $436,374
    $931,950
    -
    $495,576
    $436,374
    $931,950

    Comparable in this City

    • Value Estimation
      $1,390,000
      118,929 SF

      8715 Ww S Loop

      MINI-MALL • 118,929 SF
      8715 Ww S Loop, Houston, TX 77096-1732
      View Details
    • Value Estimation
      $7,730,000
      376,223 SF

      730 Meyerland Plz Mall

      MINI-MALL • 376,223 SF
      730 Meyerland Plz Mall, Houston, TX 77096-1619
      View Details
    • Value Estimation
      $1,190,000
      101,412 SF

      11200 Fondren Rd

      MINI-MALL • 101,412 SF
      11200 Fondren Rd, Houston, TX 77096-5508
      View Details
    • Value Estimation
      $955,000
      50,749 SF

      11115 Fondren Rd

      MINI-MALL • 50,749 SF
      11115 Fondren Rd, Houston, TX 77096
      View Details
    • Value Estimation by Request
      3,827 SF

      11220 Fondren Rd

      MINI-MALL • 3,827 SF
      11220 Fondren Rd, Houston, TX 77096-5508
      View Details
    • Value Estimation
      $1,010,000
      61,935 SF

      9751 Post Oak Rd

      MINI-MALL • 61,935 SF
      9751 Post Oak Rd, Houston, TX 77096-4302
      View Details

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    Similar Nearby for Lease

    • $15 SF/Yr
      303,790 SF

      Fondren Marketplace Retail Center

      Houston Shopping Center - Spaces Available
      11092 Fondren Rd, Houston, TX 77096
      View Details
    • Contact for pricing
      975 SF

      Meyerland Retail Space Available

      Retail space and pad site available in Meyerland community.
      10105 Post Oak Rd, Houston, TX 77096
      View Details
    • Contact for pricing
      90,488 SF

      Houston Executive Office Space

      Prestigious Houston Office Building, Suites Available
      10103 Fondren Rd, Houston, TX 77096
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    • Contact for pricing
      100,000 SF

      Brays Oaks Tower Office Space

      Houston Office Building: 6,150 SF Available
      10101 Fondren Rd, Houston, TX 77096
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    • Contact for pricing
      19,336 SF

      Office Space with Onsite Amenities

      Office property for rent with onsite management and controlled access.
      10103 Fondren Rd, Houston, TX 77096
      View Details
    • $25 SF/Yr
      6,000 SF

      Braeswood Blvd Office Space

      Modern office suites, flexible layouts.
      4455 Braeswood Blvd, Houston, TX 77096
      View Details
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    Houston, TX 77096
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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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