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    Property profile & analytics

    11700 Westheimer Rd Houston, TX 77077

    • Strip malls
    • 23,028 SF
    • 1.81 lot acres
    For Lease
    View listing
    Value Estimations
    $600,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5614439
    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

    • Verizon / Mobile Phone Store / Electronics & Wireless Store
    • Five Guys / Restaurant / Take-out & Catering
    • River Oaks Centre / Shopping Center & Mall
    • The Good Life CBD, Delta-8, & Herbal Remedies / (Bike/Boat/Book/etc) Store / Pharmacy
    • Memorial Hermann-GoHealth Urgent Care / Medical Clinic

    Property Details for 11700 Westheimer Rd

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    1.81 lot acres
    Property size
    23,028 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1190900000002
    APU
    1190900000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $771,000
      Market price range: $337k - $772k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $550,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $735,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5845
    Latitude
    29.7371
    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
    $115,294
    $2,358,900
    $3,840,734
    $6,199,634
    -
    $2,358,900
    $3,840,734
    $6,199,634

    Comparable in this City

    • Value Estimation
      $595,000
      20,712 SF

      12225 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 20,712 SF
      12225 Westheimer Rd, Houston, TX 77077-6001
      View Details
    • Value Estimation
      $970,000
      53,749 SF

      14097 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 53,749 SF
      14097 Westheimer Rd, Houston, TX 77077-5300
      View Details
    • Value Estimation
      $710,000
      37,999 SF

      12845 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 37,999 SF
      12845 Westheimer Rd, Houston, TX 77077-5724
      View Details
    • Value Estimation
      $1,840,000
      92,351 SF

      11815 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 92,351 SF
      11815 Westheimer Rd, Houston, TX 77077-6860
      View Details
    • Value Estimation
      $530,000
      20,392 SF

      1402 Eldridge Pkwy

      SHOPPING CENTER, STRIP CENTER • 20,392 SF
      1402 Eldridge Pkwy, Houston, TX 77077-1625
      View Details
    • Value Estimation
      $640,000
      23,086 SF

      1531 Eldridge Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,086 SF
      1531 Eldridge Pkwy, Houston, TX 77077-2432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      110,611 SF

      Westheimer Road Retail Opportunity

      Prime retail space with extensive frontage on Westheimer Road.
      13302-13320 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      4,000 SF

      Established Tire Shop on Westheimer

      Thriving tire shop business for sale on a busy street.
      12836 Westheimer Rd, Houston, TX 77077
      View Details
    • $2,950,000
      3.04 Acres

      Houston 3-Acre Commercial Land

      Prime mixed-use land, ideal for development.
      Houston, TX 77077
      View Details
    • $279,360

      Epernay Subdivision Land Tract

      0.27-acre commercial land tract in Epernay Subdivision.
      1239 S Kirkwood Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      2,550 SF

      Seafood Restaurant Opportunity in Houston

      Established seafood restaurant with a focus on lobster rolls.
      12116 Westheimer Rd, Houston, TX 77077
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,283 SF

      Retail Space in Houston, TX

      Retail space available in revitalized Houston shopping strip.
      12230 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing

      Renovated Retail Space on Westheimer

      66,596 SF shopping center with recent renovations and signage.
      12280-12288 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing

      Kroger Anchored Retail Center

      Retail space for lease at Eldridge Pkwy & Briar Forest.
      1560 Eldridge Pkwy, Houston, TX 77077
      View Details
    • Contact for pricing

      Retail Space in Village Grene

      Neighborhood shopping center with high visibility and easy access.
      14144 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      3,249 SF

      Retail Space in Village Grene

      Neighborhood shopping center with high visibility and easy access.
      14144 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing

      Retail Space on Westheimer Road

      Retail spaces for lease in Houston's Four Corners Shopping Center.
      12803-12899 Westheimer Rd, Houston, TX 77077
      View Details
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    11700 Westheimer Rd
    Houston, TX 77077
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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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