Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11550 Sam Houston N Pkwy Houston, TX 77044-6318

    • Grocery and convenience stores
    • 12,192 SF
    • 3.58 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0588327
    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

    • Exxon / Gas Station
    • ATM (ATM Link, Inc.) / Atm
    • Krispy Krunchy Chicken / Restaurant
    • Lake Donuts / Bakery / Discount Store
    • Fuel Maxx #24 / Gas Station

    Property Details for 11550 Sam Houston N Pkwy

    Year built
    2016
    Construction
    WOOD FRAME
    Lot size
    3.58 lot acres
    Property size
    12,192 SF
    Property type
    Grocery and convenience stores
    APN
    1373480010001
    APU
    1373480010001

    Description

    This exceptional 1.39-acre commercial and industrial land parcel, located at 11550 S Sam Houston Pkwy W, Houston, TX 77031, presents a unique investment opportunity. Situated in Harris County, this rectangular site boasts a total area of approximately 60,548 square feet. The property enjoys a highly desirable location on the east side of Beltway 8 (Sam Houston Parkway) in southwest Houston, between Bellfort and Airport Boulevards. Its strategic positioning offers unparalleled accessibility and visibility, making it suitable for a wide range of commercial and industrial uses. A key advantage is the convenient access provided by a toll-free exit ramp directly onto the property, with a corresponding toll-free on-ramp at grade level. On-site infrastructure includes a concrete parking lot with capacity for 40 vehicles, including two designated handicap spaces, and a small detention pond. The asking price for this exceptional property is $1,300,000. This prime location and convenient access make this an ideal investment for developers and businesses seeking a high-profile presence in the thriving Houston market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $970,000
      Current use
      OFFICE BUILDING
      $850,000
      Change: -12% Conversion: Difficult
      MEDICAL BUILDING
      $780,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1959
    Latitude
    29.8824
    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
    $21,560
    $1,103,963
    $1,618,856
    $2,722,819
    -
    $1,103,963
    $1,618,856
    $2,722,819

    Comparable in this City

    • Value Estimation by Request
      6,502 SF

      14106 Lk Houston Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 6,502 SF
      14106 Lk Houston Pkwy, Houston, TX 77044-5132
      View Details
    • Value Estimation
      $695,000
      11,884 SF

      11611 Sam Houston N Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 11,884 SF
      11611 Sam Houston N Pkwy, Houston, TX 77044-6443
      View Details
    • Value Estimation
      $2,270,000
      98,796 SF

      12680 Lk Houston Pkwy

      GROCERY, SUPERMARKET • 98,796 SF
      12680 Lk Houston Pkwy, Houston, TX 77044-6087
      View Details
    • Value Estimation by Request
      3,560 SF

      13955 Sam Houston N Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 3,560 SF
      13955 Sam Houston N Pkwy, Houston, TX 77044-6260
      View Details
    • Value Estimation
      $770,000
      15,546 SF

      14609 Lk Houston Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 15,546 SF
      14609 Lk Houston Pkwy, Houston, TX 77044-6447
      View Details
    • Value Estimation by Request
      5,500 SF

      9627 C E King Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 5,500 SF
      9627 C E King Pkwy, Houston, TX 77044-5732
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75,358 SF

      Houston Medical Office Building

      75,358 SF Medical Office, 1.73 Acres
      0 Lake Houston Pkwy, Houston, TX 77044
      View Details
    • $1,000,000

      Mixed-Use Investment Opportunity

      Income-producing retail and residential property near major Houston thoroughfares.
      8502 C E King Pkwy, Houston, TX 77044
      View Details
    • $749,000
      5,200 SF

      Retail Property on C E King

      Retail property with 5,200 square feet of space.
      8518 C E King Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing
      4,200 SF

      Houston Warehouse: 4,200 SF

      Prime Houston industrial space. Ideal for storage or light manufacturing.
      0 Mount Houston Rd, Houston, TX 77044
      View Details
    • $65,000

      Houston Land: Build Your Dream Home

      Spacious lot, unrestricted, build your dream home.
      11406 Spicewood Ln, Houston, TX 77044
      View Details
    • $350,000

      Versatile Land Parcel For Sale

      2.38 acre property with residential and commercial potential.
      16450 Garrett Rd, Houston, TX 77044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,527 SF

      Kingwood Retail Space for Lease

      Retail space in a high-traffic Kingwood location.
      2815 W Lake Houston Pkwy, Kingwood, TX 77044
      View Details
    • Contact for pricing
      1,621 SF

      Waterfront Retail Space in Houston

      Retail space in a 20-acre waterfront development.
      1660 West Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing
      14,850 SF

      Village Square Retail Space

      Houston Retail Center, 1,485 SF Available
      13176 Lake Houston Pkwy, Houston, TX 77044
      View Details
    • Contact for pricing
      4,751 SF

      Houston Flex Space For Lease

      Versatile Houston Flex Space Available
      13825 Timber Forest Dr, Houston, TX 77044
      View Details
    • $0.55 SF/Yr
      1,026,270 SF

      Houston Distribution Warehouse For Lease

      Large distribution warehouse featuring ample truck and trailer parking.
      11639 Lockwood Rd, Houston, TX 77044
      View Details
    • $0.55 SF/Yr
      255,871 SF

      Distribution Warehouse with Truck Court

      255,871 SF warehouse featuring a 185' truck court.
      10055 W Lake Houston Pkwy, Houston, TX 77044
      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.
    11550 Sam Houston N Pkwy
    Houston, TX 77044-6318
    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.