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    11406 S Spicewood Ln Houston, TX 77044
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    11406 S Spicewood Ln Houston, TX 77044

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    • Residential land & home lots
    Off-Market
    Property ID
    US82-3672547
    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

    • Residential land & home lots

    Property Details for 11406 S Spicewood Ln

    Property type
    Residential land & home lots

    Description

    Beautiful spacious lot, surrounded by trees, in a unrestricted area ready for your Dream Home! This Lot is one of three contiguous lots! Purchase all three and you can build on 22,840 SF of Land! Buy One, Two or All Three! Mobile Homes Allowed! This property provides a peaceful country feel while still being conveniently located for easy access to the city. Seller does not have a Survey!

    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
    Fort Bend
    State
    Texas
    Longitude
    -95.231291
    Latitude
    29.837744

    Comparable in this City

    • $200,000

      Unrestricted Corner Lot Opportunity

      Three lots in an unrestricted area near Beltway 8.
      9414 Meadowvine Dr, Houston, TX 77044
      View Details
    • Contact for pricing

      7.5 AC Land Available

      7.5 acres of land in Humble ISD.
      West Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing

      20.82 Acres Land For Sale

      Land for sale in Northeast Outlier Submarket, Houston, TX
      East Sam Houston Pkwy N, Houston, TX 77044
      View Details
    • $89,000

      Spacious Land in Developing Area

      Sizable property with room to grow in Houston, Texas.
      12202 Indian Oaks Ln, Houston, TX 77044
      View Details
    • Contact for pricing

      Signalized Corner Lot For Sale

      2.0857 AC lot with utilities, ideal for retail.
      11900 Tidwell Rd, Houston, TX 77044
      View Details

    Similar Nearby for Sale

    • $200,000

      Unrestricted Corner Lot Opportunity

      Three lots in an unrestricted area near Beltway 8.
      9414 Meadowvine Dr, Houston, TX 77044
      View Details
    • Contact for pricing

      7.5 AC Land Available

      7.5 acres of land in Humble ISD.
      West Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing

      20.82 Acres Land For Sale

      Land for sale in Northeast Outlier Submarket, Houston, TX
      East Sam Houston Pkwy N, Houston, TX 77044
      View Details
    • $89,000

      Spacious Land in Developing Area

      Sizable property with room to grow in Houston, Texas.
      12202 Indian Oaks Ln, Houston, TX 77044
      View Details
    • Contact for pricing

      Signalized Corner Lot For Sale

      2.0857 AC lot with utilities, ideal for retail.
      11900 Tidwell Rd, Houston, TX 77044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16 SF

      Spacious Land Parcel Available

      Approximately 8 acres of land for lease in Houston.
      14121 Garrett Rd, Houston, TX 77044
      View Details
    • Contact for pricing
      45 SF

      Land Available For Lease

      Land available for lease in Houston, Texas.
      13833 Garrett Rd, Houston, TX 77044
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Land

      Approximately 4.7 acres available for industrial outdoor storage.
      12520 Unison Rd, Houston, TX 77044
      View Details
    • Contact for pricing

      Stabilized Yard Space For Lease

      2.5 AC stabilized yard space with utilities and security.
      11211 Hornberger Rd, Houston, TX 77044
      View Details
    • Contact for pricing

      Commercial Land Near Beltway 8

      Stabilized commercial land with Foreign Tread Zone potential for lease.
      13833-13901 Garrett Rd, Houston, TX 77044
      View Details
    • Contact for pricing

      Stabilized Yard Space For Rent

      2.5 AC of stabilized yard space with utilities.
      11211 Hornberger Rd, Houston, TX 77044
      View Details
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    Houston, TX 77044
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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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