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

    1140 Enclave Pkwy Houston, TX 77077-1606

    • Office buildings
    • 14,662 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9477056
    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

    • I FOR NEW U CLINIC IMAN Al-Haj MD / Medical Spa

    Property Details for 1140 Enclave Pkwy

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    0.70 lot acres
    Property size
    14,662 SF
    Property type
    Office buildings
    APN
    1245590010002
    APU
    1245590010002

    Description

    This exceptional Class A mixed-use property, located at 1140 Enclave Pkwy in Houston, Texas (77077), offers 14,542 square feet of creative office space in a prime Energy Corridor location. Built in 2019, this two-story building sits on a 30,357 square foot lot and provides unparalleled visibility due to its position along a major thoroughfare with high daytime traffic. The modern design includes a convenient elevator extending to the rooftop, presenting a unique opportunity for expansion to a third floor, offering significant potential for future growth and customization. The property's owner/user investment opportunity is ideal for businesses seeking maximum exposure and a strategic location within a thriving professional environment. Surrounded by major businesses and essential amenities, this property offers exceptional value and the chance to establish a prominent presence in one of Houston's most desirable areas. The building's flexible design allows for tailored spaces to meet specific business needs, making it an attractive option for companies seeking a modern and efficient workspace. This is a rare opportunity to secure a high-quality, strategically located office space in the heart of Houston's dynamic Energy Corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $778,000
      Market price range: $32.7k - $779k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $430,000
      Current use
      MEDICAL BUILDING
      $935,000
      Change: +117% Conversion: Easy
      WAREHOUSE, STORAGE
      $720,000
      Change: +66% Conversion: Difficult
      RETAIL STORES
      $650,000
      Change: +51% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $465,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6224
    Latitude
    29.7668
    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
    $59,193
    $758,925
    $2,703,159
    $3,462,084
    -
    $758,925
    $2,703,159
    $3,462,084

    Comparable in this City

    • Value Estimation
      $800,000
      61,776 SF

      13111 Westheimer Rd

      OFFICE BUILDING • 61,776 SF
      13111 Westheimer Rd, Houston, TX 77077-5546
      View Details
    • Value Estimation
      $5,670,000
      324,910 SF

      1430 Enclave Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 324,910 SF
      1430 Enclave Pkwy, Houston, TX 77077-2499
      View Details
    • Value Estimation
      $2,185,000
      152,220 SF

      1001 Dairy Ashford Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 152,220 SF
      1001 Dairy Ashford Rd, Houston, TX 77077-2375
      View Details
    • Value Estimation by Request
      5,160 SF

      1706 Hwy 6th S

      OFFICE BUILDING • 5,160 SF
      1706 Hwy 6th S, Houston, TX 77077-2804
      View Details
    • Value Estimation by Request
      14,000 SF

      12550 Briar Frst Dr

      OFFICE BUILDING • 14,000 SF
      12550 Briar Frst Dr, Houston, TX 77077-2924
      View Details
    • Value Estimation
      $3,730,000
      190,865 SF

      1401 Enclave Pkwy, Unit 717

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 190,865 SF
      1401 Enclave Pkwy, Houston, TX 77077-2052
      View Details

    Similar Nearby for Sale

    • $800,000
      0.84 Acres

      Westheimer Rd Commercial Land

      0.84 Acres, High Traffic Location
      13977 Westheimer Rd, Houston, TX 77077
      View Details
    • $165,000
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      Condo in Houston's Energy Corridor

      Two-bedroom condo with potential in Houston's Energy Corridor.
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      View Details
    • $149,900
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      Spacious Condo in Desirable Location

      Charming 3-bedroom condo with 2-car garage near Houston amenities.
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    • $800,000

      Westheimer Road Parking Lot

      Parking lot with accessibility and high traffic location.
      13977 Westheimer Rd, Houston, TX 77077
      View Details
    • $1,089,000

      Prime Acreage on Highway 6

      One-acre commercial land with high visibility and development potential.
      1621 Highway 6 S, Houston, TX 77077
      View Details
    • $2,950,000
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      Houston 3-Acre Commercial Land

      Prime mixed-use land, ideal for development.
      Houston, TX 77077
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      141,009 SF

      Class A Office Building in Westchase

      Ten-story Class A office building with move-in ready suites.
      11490 Westheimer Rd, Houston, TX 77077
      View Details
    • $13 SF/Yr
      232,018 SF

      Royal Oaks Centre: Class A Office Space

      Westchase District: Premier Office Building, 21 Suites Available
      11490 Westheimer Rd, Houston, TX 77077
      View Details
    • $20 SF/Yr
      15,132 SF

      Ashton Center Office Suites

      Energy Corridor office space for lease.
      1905 Dairy Ashford Rd, Houston, TX 77077
      View Details
    • $17 SF/Yr
      25,470 SF

      Houston Office Space for Lease

      Executive & Traditional Suites Available
      14515 Briarhills Pkwy, Houston, TX 77077
      View Details
    • $17 SF/Yr
      57,722 SF

      Royal Oaks Office Suites

      Houston Office Space: 13,461 SF Available
      12000 Westheimer Rd, Houston, TX 77077
      View Details
    • $22 SF/Yr
      7,000 SF

      Ashford Center Office Space

      7,000 SF Office/Retail in Houston
      1654 Dairy Ashford Rd, Houston, TX 77077
      View Details
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    1140 Enclave Pkwy
    Houston, TX 77077-1606
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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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