Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    11140 Aerospace Ave Houston, TX 77034-5596
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11140 Aerospace Ave Houston, TX 77034-5596

    View on Map
    • Industrial properties
    • 8,000 SF
    Off-Market
    Property ID
    US82-3001133
    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

    • U.S. Army Reserve Houston / Army Facility
    • TEXAS ARMY NATIONAL GUARD RECRUITING / Military Recruiting Office
    • OneWeb Technologies / Corporate Office
    • TrustComm, Inc. FCC / Telecommunications Service
    • Hermes Data Communications International Ltd / Shipping Company / Freight Service

    Property Details for 11140 Aerospace Ave

    Year built
    2003
    Construction
    STEEL FRAME
    Property size
    8,000 SF
    Property type
    Industrial properties
    APN
    451050000072
    APU
    451050000072

    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
    -95.1732
    Latitude
    29.6068
    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
    2023
    $8,670
    $0.00
    $920,000
    $920,000
    -
    $0.00
    $920,000
    $920,000

    Comparable in this City

    • Value Estimation by Request

      Kurland Dr

      Land
      0 Kurland Dr, Houston, TX 77034
      View Details
    • Value Estimation
      $610,000
      128.39 Acres

      6849 Sam Houston S Pkwy

      INDUSTRIAL (GENERAL) • 128.39 Acres
      6849 Sam Houston S Pkwy, Houston, TX 77034
      View Details
    • Value Estimation by Request
      131.91 Acres

      300 Choate Rd

      INDUSTRIAL (GENERAL) • 131.91 Acres
      300 Choate Rd, Houston, TX 77034-5405
      View Details
    • Value Estimation
      $925,000
      39,607 SF

      11203 Galveston Rd

      LUMBERYARD, BUILDING MATERIALS • 39,607 SF
      11203 Galveston Rd, Houston, TX 77034-4815
      View Details
    • Value Estimation by Request
      3,744 SF

      Sam Houston S Pkwy

      REFINERY, PETROLEUM PRODUCTS • 3,744 SF
      Sam Houston S Pkwy, Houston, TX 77034
      View Details
    • Value Estimation by Request
      138,528 SF

      5535 Shaver St

      Distribution properties • 138,528 SF
      5535 Shaver St, Houston, TX 77034
      View Details

    Similar Nearby for Sale

    • $1,350,000
      6,000 SF

      Houston Industrial Facility with Yard

      Industrial facility with secure yard, convenient highway access.
      13430 Conklin Ln, Houston, TX 77034
      View Details
    • $1,450,000
      7,543 SF

      Restaurant Opportunity in South Houston

      Former Fuddruckers restaurant space available for sale in Houston.
      11950 Kurland Dr, Houston, TX 77034
      View Details
    • Contact for pricing

      Red Roof Inn & Suites

      136-key hotel near Hobby Airport with strong revenue.
      9902 Gulf Fwy, Houston, TX 77034
      View Details
    • Contact for pricing

      Pad Site on Hard Corner

      Commercial land suitable for retail or office development.
      Genoa Red Bluff Rd, Houston, TX 77034
      View Details
    • Contact for pricing

      Land on Corner Lot

      Approximately 2.6 acres available on a corner lot.
      East Sam Houston Pkwy S, Houston, TX 77034
      View Details
    • $1,450,000
      7,543 SF

      Restaurant Opportunity in South Houston

      Former Fuddruckers restaurant space for sale in high-traffic location.
      11950 Kurland Dr, Houston, TX 77034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse/Manufacturing Space on Galveston Rd

      Warehouse/manufacturing space with crane and secured yard for lease.
      8714 Galveston Rd, Houston, TX 77034
      View Details
    • Contact for pricing

      Houston Warehouse Space for Lease

      19,985 SF warehouse space available for lease in Houston.
      12130 Galveston Rd, Houston, TX 77034
      View Details
    • Contact for pricing
      278,858 SF

      Industrial Space Near Beltway 8

      Multiple industrial buildings available for lease near I-45.
      12524 Conklin Ln, Houston, TX 77034
      View Details
    • Contact for pricing
      17,600 SF

      Industrial Space Available For Lease

      17,600 SF industrial space available for lease in Houston.
      12850 Fuqua St, Houston, TX 77034
      View Details
    • Contact for pricing

      Retail Space Near Gulf Freeway

      Retail space available near Gulf Freeway and Fuqua Street.
      12400 Gulf Fwy, Houston, TX 77034
      View Details
    • Contact for pricing

      New Retail/Office Space Available

      New construction retail/office space with six months free rent.
      11044 Bay Commerce Dr, Houston, TX 77034
      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.
    11140 Aerospace Ave
    Houston, TX 77034-5596
    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.
    Sign Up Successful!
    You now have access to more from Realmo!