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

    11460 Gulf Fwy Houston, TX 77034-3549

    • Warehouses
    • 12,320 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3797098
    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

    • B & G Gulf Freeway / Grocery & Convenience Store / Distribution Center

    Property Details for 11460 Gulf Fwy

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    1.70 lot acres
    Property size
    12,320 SF
    Property type
    Warehouses
    APN
    280630020014
    APU
    280630020014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $648,000
      Market price range: $334k - $767k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $485,000
      Current use
      MEDICAL BUILDING
      $785,000
      Change: +62% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $770,000
      Change: +59% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $730,000
      Change: +51% Conversion: Easy
      RETAIL STORES
      $690,000
      Change: +42% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2331
    Latitude
    29.6299
    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
    $22,743
    $690,263
    $1,158,080
    $1,848,343
    -
    $690,263
    $1,158,080
    $1,848,343

    Comparable in this City

    • Value Estimation
      $1,050,000
      15,040 SF

      8812 Frey Rd

      WAREHOUSE, STORAGE • 15,040 SF
      8812 Frey Rd, Houston, TX 77034-3502
      View Details
    • Value Estimation by Request
      5,751 SF

      14141 Gulf Fwy

      WAREHOUSE, STORAGE • 5,751 SF
      14141 Gulf Fwy, Houston, TX 77034-5320
      View Details
    • Value Estimation
      $825,000
      13,620 SF

      15255 Gulf Fwy

      WAREHOUSE, STORAGE • 13,620 SF
      15255 Gulf Fwy, Houston, TX 77034-5365
      View Details
    • Value Estimation
      $605,000
      7,026 SF

      11665 Fuqua St

      WAREHOUSE, STORAGE • 7,026 SF
      11665 Fuqua St, Houston, TX 77034-4522
      View Details
    • Value Estimation
      $960,000
      32,150 SF

      9605 Galveston Rd

      WAREHOUSE, STORAGE • 32,150 SF
      9605 Galveston Rd, Houston, TX 77034-3929
      View Details
    • Value Estimation by Request
      5,025 SF

      2230 Genoa Red Blf Rd

      WAREHOUSE, STORAGE • 5,025 SF
      2230 Genoa Red Blf Rd, Houston, TX 77034-4117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43.00 Acres

      Gulf Freeway Industrial Land

      43-Acre Master-Planned Business Park
      14101 Gulf Fwy, Houston, TX 77034
      View Details
    • $5,200,000
      50,000 SF

      Hobby Airport Hotel Redevelopment Opportunity

      136-key hotel, high NOI, redevelopment potential.
      9902 Gulf Fwy, Houston, TX 77034
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    • $349,000

      Corner Lot with Mobile Office

      Commercial land with visibility, crushed concrete, and mobile office.
      9802 Galveston Rd, Houston, TX 77034
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    • $699,000

      Prime Land in High-Traffic Area

      Land with high visibility and access to major transportation hubs.
      10421-10423 Hartsook St, Houston, TX 77034
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    • $3,895,000
      11.06 Acres

      Houston Commercial Land - 11 Acres

      Prime 11-acre commercial lot in Houston, TX.
      0 Kurland Dr, Houston, TX 77034
      View Details
    • Contact for pricing
      468,662 SF

      Houston Land with No Restrictions

      Large land parcel ideal for outside industrial storage.
      1026 Genoa Red Bluff Rd, Houston, TX 77034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,227 SF

      Warehouse/Manufacturing Space on Galveston Rd

      Warehouse/manufacturing space with crane and secured yard for lease.
      8714 Galveston Rd, Houston, TX 77034
      View Details
    • $8 SF/Yr
      19,985 SF

      Houston Warehouse Space for Lease

      19,985 SF warehouse space available for lease in Houston.
      12130 Galveston Rd, Houston, TX 77034
      View Details
    • $42,000
      481,774 SF

      Houston Industrial Land - 11 Acres

      Prime Houston industrial land, build-to-suit.
      0 Kurland Dr, Houston, TX 77034
      View Details
    • Contact for pricing
      6,481 SF

      Gulf Freeway Retail Center

      Houston Retail Space: Prime Location, High Traffic
      12400 Gulf Fwy, Houston, TX 77034
      View Details
    • Contact for pricing
      59,324 SF

      Ellington Office Building For Lease

      Spacious Office Suites, Gulfstream Park Area
      811 Fm 1959 Rd, Houston, TX 77034
      View Details
    • Contact for pricing
      38,167 SF

      Prime Houston Commercial Land

      38,167 sq ft lot, Harris County
      620 Almeda Genoa Rd, Houston, TX 77034
      View Details
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    11460 Gulf Fwy
    Houston, TX 77034-3549
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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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