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    Property profile & analytics

    11620 Old Main Street Loop Rd Houston, TX 77025

    • Commercial real estate
    • 3.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3363501
    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

    • Commercial real estate

    Property Details for 11620 Old Main Street Loop Rd

    Lot size
    3.95 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.95-acre (approximately 172,198 square feet) property presents a unique investment opportunity in Houston, Texas. Strategically located near the Texas Medical Center, it boasts excellent access to major thoroughfares including SH-90, Loop 610, and Beltway 8, ensuring convenient connectivity throughout the city. The land is surrounded by approximately 1,555 townhomes, underscoring the high demand for residential options in this thriving area. Currently, the property includes seven fully occupied units under short-term rental agreements, providing immediate income potential for buyers while redevelopment plans are finalized. This allows for continued rental operations until future development commences. Importantly, the property is situated outside of both the 100- and 500-year floodplains, mitigating risk. Commuting times to key locations are notably short: 11 minutes to the Texas Medical Center, 17 minutes to Downtown Houston, 11 minutes to The Galleria, 6 minutes to NRG Park, 11 minutes to Rice Village, 7 minutes to Bellaire, 8 minutes to Missouri City, and 19 minutes to Hobby Airport. This property offers significant potential for a variety of development projects, capitalizing on its prime location and strong surrounding residential community. The zoning is currently unpermitted, allowing for flexible future development options. This is a rare opportunity to acquire a substantial land parcel in a high-demand Houston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4450558
    Latitude
    29.6580682

    Comparable in this City

    • $210,000
      1,578 SF

      Townhome Near Medical Center, Galleria

      Three-story townhome in gated community, close to Medical Center.
      3501 Link Valley Dr, Houston, TX 77025
      View Details
    • $113,990

      Condo with Parking and Storage

      Condo unit featuring parking, storage, and central A/C.
      2700 Bellefontaine St, Houston, TX 77025
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    • $410,000
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      Updated Two-Story Corner Lot Home

      Two-story updated home on a large corner lot.
      9403 Denbury Way, Houston, TX 77025
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    • $180,000

      Stylish Condo Near Texas Medical

      Well-maintained, furnished condo in gated community near Texas Medical Center.
      3809 N Braeswood 14, Houston, TX 77025
      View Details
    • $145,000

      Updated Condo in Gated Community

      Updated 2-bedroom condo in Braeswood/Med Center with great amenities.
      8020 Braesmain Dr, Houston, TX 77025
      View Details
    • $450,000

      Mediterranean Townhouse with Private Elevator

      Townhouse near Texas Medical Center featuring a private elevator.
      3808 Glen Arbor Dr, Houston, TX 77025
      View Details

    Similar Nearby for Sale

    • $410,000
      2,186 SF

      Updated Two-Story Corner Lot Home

      Two-story updated home on a large corner lot.
      9403 Denbury Way, Houston, TX 77025
      View Details
    • $113,990

      Condo with Parking and Storage

      Condo unit featuring parking, storage, and central A/C.
      2700 Bellefontaine St, Houston, TX 77025
      View Details
    • $210,000
      1,578 SF

      Townhome Near Medical Center, Galleria

      Three-story townhome in gated community, close to Medical Center.
      3501 Link Valley Dr, Houston, TX 77025
      View Details
    • $450,000

      Mediterranean Townhouse with Private Elevator

      Townhouse near Texas Medical Center featuring a private elevator.
      3808 Glen Arbor Dr, Houston, TX 77025
      View Details
    • $180,000
      1,200 SF

      Stylish Condo Near Texas Medical Center

      Well-maintained, furnished condo in gated community near Texas Medical Center.
      3809 N Braeswood Blvd, Houston, TX 77025
      View Details
    • $180,000

      Stylish Condo Near Texas Medical

      Well-maintained, furnished condo in gated community near Texas Medical Center.
      3809 N Braeswood 14, Houston, TX 77025
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Updated Home Near Medical Center

      Updated interior, gated community, convenient location near Medical Center.
      3501 Link Valley Dr, Houston, TX 77025
      View Details
    • Contact for pricing
      36,155 SF

      Willowbend Blvd Commercial Land

      0.83-acre lot, prime Houston location.
      4125 Willowbend Blvd, Houston, TX 77025
      View Details
    • Contact for pricing
      16,018 SF

      Prime Pad Site For Lease

      Pad site available in desirable location near Whole Foods.
      4057 Bellaire Blvd, Houston, TX 77025
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    • Contact for pricing
      6,750 SF

      Prime Bellaire Blvd Retail Space

      High-traffic retail building, 6,750 SF
      3936 Bellaire Blvd, Houston, TX 77025
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    • Contact for pricing
      38,997 SF

      Braes Link Retail Center Investment

      Houston Retail Space Available Now
      8415 Stella Link Rd, Houston, TX 77025
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    • Contact for pricing
      99,471 SF

      Stella Link Shopping Center Retail

      Retail spaces available in high-visibility Houston shopping center.
      9117-9335 Stella Link Rd, Houston, TX 77025
      View Details
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    11620 Old Main Street Loop Rd
    Houston, TX 77025
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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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