Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1118 Upland Dr Houston, TX 77043-4716
    Back to Search
    Property profile & analytics

    1118 Upland Dr, Houston, TX 77043-4716

    View on Map
    • Commercial real estate
    • 2.50 lot acres
    Off-Market
    Property ID
    US82-4825518
    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

    • Flowers galoure / Family Recreation Center

    Property Details for 1118 Upland Dr

    Lot size
    2.50 lot acres
    Property type
    Commercial real estate
    APN
    700770030005
    APU
    700770030005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 20, 2002 — Mac Haik Upland Ltd Haik,mac Quit Claim Deed · related —
    Feb 19, 2001 — Mac Haik Zarsky,mitch D Grant Deed · related —
    Sep 2, 1999 — Mitch D Zarsky — Grant Deed · related $650k · Navigation Bank
    Oct 20, 1997 — Mitch D Zarsky Richard,joel C Grant Deed · related —

    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
    -95.5758
    Latitude
    29.7883
    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
    $25,578
    $2,178,000
    $244,251
    $2,422,251
    -
    $2,178,000
    $244,251
    $2,422,251

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      1332 Upland Dr

      Land
      1332 Upland Dr, Houston, TX 77043
      View Details
    • Value Estimation by Request
      0.15 Acres

      1122 Sherwood Run

      COMMERCIAL (GENERAL)
      1122 Sherwood Run, Houston, TX 77043-2868
      View Details
    • Value Estimation
      $890,000
      21,824 SF

      1729 Brittmoore Rd Ste A

      COMMERCIAL (GENERAL)
      1729 Brittmoore Rd Ste A, Houston, TX 77043-2730
      View Details
    • Value Estimation by Request
      7,854 SF

      11010 Chatterton Dr

      COMMERCIAL (GENERAL)
      11010 Chatterton Dr, Houston, TX 77043-3007
      View Details
    • Value Estimation by Request
      0.28 Acres

      1751 Stebbins Dr

      COMMERCIAL (GENERAL)
      1751 Stebbins Dr, Houston, TX 77043-2806
      View Details
    • Value Estimation by Request
      2.34 Acres

      10502 Westview Dr

      COMMERCIAL (GENERAL)
      10502 Westview Dr, Houston, TX 77043-5042
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,833 SF

      Industrial Warehouse with Office Space

      36,833 SF warehouse with office and multiple doors.
      10910 Katy Fwy, Houston, TX 77043
      View Details
    • Contact for pricing

      Development Opportunity in Spring Branch

      Approximately 2.74 acres of land for development in Houston.
      1262 Conrad Sauer Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      10,750 SF

      Retail Center Near Wal-Mart

      Retail center near Wal-Mart and Memorial Hermann Hospital.
      10780 Westview Dr, Houston, TX 77043
      View Details
    • Contact for pricing
      92,704 SF

      Office/Warehouse Facility on Beltway 8

      92,704 SF office/warehouse on 5.49 acres for sale.
      1585 Sam Houston Pkwy N, Houston, TX 77043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,969 SF

      Office/Lab & Warehouse Space Available

      Office, lab, and warehouse space for lease near I-10.
      1187 Brittmoore Rd, Houston, TX 77043
      View Details
    • Contact for pricing
      28,800 SF

      Brittmoore Drive Commercial Park

      Master-planned park, strategically located off Clay Road.
      11555 Clay Rd, Houston, TX 77043
      View Details
    • Contact for pricing
      47,250 SF

      Industrial Space with Tollway Access

      Flex/industrial space with excellent access to major thoroughfares.
      4325 W Sam Houston Pkwy N, Houston, TX 77043
      View Details
    • Contact for pricing
      74,250 SF

      Brittmoore Drive Commercial Property

      Commercial property for rent on Brittmoore Drive.
      3900 Claymoore Park Dr, Houston, TX 77043
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease at 1300 Brittmoore Road.
      1300 Brittmoore Rd, Houston, TX 77043
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for lease in Houston, Texas.
      2929 West Sam Houston Pkwy North, 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.
    1118 Upland Dr
    Houston, TX 77043-4716
    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

    Thank You for Inquiry
    1118 Upland Dr, Houston, TX, 77043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!