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    11116 Tower Oaks Blvd Houston, TX 77065-3004
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    Property profile & analytics

    11116 Tower Oaks Blvd Houston, TX 77065-3004

    View on Map
    • Auto shops
    • 4,200 SF
    • 0.95 lot acres
    Off-Market
    Property ID
    US83-4108230
    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

    • ProTech Collision Center / Auto Repair Shop
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 11116 Tower Oaks Blvd

    Year built
    1978
    Construction
    METAL FRAME
    Lot size
    0.95 lot acres
    Property size
    4,200 SF
    Property type
    Auto shops
    APN
    450930010011
    APU
    450930010011

    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
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5884
    Latitude
    29.9396
    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
    $5,489
    $329,640
    $484,140
    $813,780
    -
    $329,640
    $484,140
    $813,780

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      11023 Tower Oaks Blvd, Unit 4

      AUTO REPAIR, GARAGE • 1,100 SF
      11023 Tower Oaks Blvd, Houston, TX 77065-3001
      View Details
    • Value Estimation by Request
      3,116 SF

      8235 Jones Rd

      AUTO REPAIR, GARAGE • 3,116 SF
      8235 Jones Rd, Jersey Village, TX 77065-4605
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    • Value Estimation by Request
      4,286 SF

      11114 Eldridge Pkwy

      AUTO REPAIR, GARAGE • 4,286 SF
      11114 Eldridge Pkwy, Houston, TX 77065-3400
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    • Value Estimation by Request
      4,632 SF

      10202 Jones Rd

      AUTO REPAIR, GARAGE • 4,632 SF
      10202 Jones Rd, Houston, TX 77065-4206
      View Details
    • Value Estimation by Request
      3,662 SF

      10527 Huffmeister Rd

      AUTO REPAIR, GARAGE • 3,662 SF
      10527 Huffmeister Rd, Houston, TX 77065-3709
      View Details
    • Value Estimation by Request
      5,277 SF

      12807 Fm 1960th W Rd, Unit 6

      AUTO REPAIR, GARAGE • 5,277 SF
      12807 Fm 1960th W Rd, Houston, TX 77065-4012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      2.72 Acres of Land

      2.72 acres of land available for sale.
      West Rd & Castlebridge Dr, Houston, TX 77065
      View Details
    • Contact for pricing
      11,200 SF

      Huffmeister Road Restaurant/Bar Sale

      Turnkey Restaurant/Bar, 11,200 SF
      11133-A Huffmeister Rd, Houston, TX 77065
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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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      1,500 SF

      Retail/Office Space For Sale

      Retail or office space available in established center.
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
    • $3,956,315

      Free-Standing Retail Building in Houston

      Single tenant building with strong demographics and high traffic counts.
      10310 Wortham Center Dr, Houston, TX 77065
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    • $399,000
      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

      Retail Building off Hwy 290

      12,826 SF retail building with great visibility and access.
      20222 Northwest Fwy, Houston, TX 77065
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      Retail/Office Space For Lease

      Retail/Office space available for lease in well-established center.
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
    • Contact for pricing

      West Road Shopping Center Space

      15,000 SF shopping center built in 2001.
      11420-11430 West Rd, Houston, TX 77065
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    • Contact for pricing

      Medical Retail Building Near Hospitals

      29,772 SF medical retail building near major hospitals.
      11811 Farm To Market 1960 Rd W, Houston, TX 77065
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    • Contact for pricing

      Retail Space in Busy Center

      Retail space available in a busy shopping center.
      10511 Jones Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      2,905 SF

      Retail Endcap Space Available

      2,905 SF retail space available 2/1/2026 in Houston, TX.
      12341 W Fm 1960 Rd, Houston, TX 77065
      View Details
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    Houston, TX 77065-3004
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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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