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

    11706 Fallbrook Dr Houston, TX 77065

    • Medical offices
    • 11,247 SF
    • 2.50 lot acres
    For Sale
    View listing
    $2,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4486101
    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

    • CyFair Career Institute / Training Centre / School
    • N W Houston Family Practice / Family Practice Physician / Medical Clinic
    • MDS Medical Supplies / Medical Equipment Supplier
    • Dr. Angelina Ayoola / Family Practice Physician / Practitioner Service Location

    Property Details for 11706 Fallbrook Dr

    Year built
    2009
    Construction
    WOOD FRAME
    Lot size
    2.50 lot acres
    Property size
    11,247 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1317280010001
    APU
    1317280010001

    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
    -95.5969
    Latitude
    29.9289
    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
    $19,305
    $910,640
    $2,195,365
    $3,106,005
    -
    $910,640
    $2,195,365
    $3,106,005

    Comparable in this City

    • Value Estimation
      $595,000
      34,477 SF

      11811 Fm 1960th W Rd

      MEDICAL BUILDING • 34,477 SF
      11811 Fm 1960th W Rd, Houston, TX 77065-3827
      View Details
    • Value Estimation by Request
      3,056 SF

      11111 Jones W Rd, Unit 6

      MEDICAL BUILDING • 3,056 SF
      11111 Jones W Rd, Houston, TX 77065-3616
      View Details
    • Value Estimation by Request
      6,030 SF

      11811 Fallbrook Dr

      MEDICAL BUILDING • 6,030 SF
      11811 Fallbrook Dr, Houston, TX 77065-3507
      View Details
    • Value Estimation by Request
      4,200 SF

      11211 Eldridge Pkwy

      MEDICAL BUILDING • 4,200 SF
      11211 Eldridge Pkwy, Houston, TX 77065-3427
      View Details
    • Value Estimation
      $1,110,000
      63,208 SF

      11307 Fm 1960th W Rd

      MEDICAL BUILDING • 63,208 SF
      11307 Fm 1960th W Rd, Houston, TX 77065-3687
      View Details
    • Value Estimation by Request
      14,380 SF

      11250 Fallbrook Dr

      MEDICAL BUILDING • 14,380 SF
      11250 Fallbrook Dr, Houston, TX 77065-4229
      View Details

    Similar Nearby for Sale

    • $900,000
      3,000 SF

      FM 1960 West Medical Office

      Houston medical office building, 3,000 sq ft.
      11710 Fm 1960 Rd, Houston, TX 77065
      View Details
    • $800,000
      3,000 SF

      Medical/Professional Office Space on FM 1960

      3,000 SF office space for sale on FM 1960.
      11710 Fm 1960 Rd W, Houston, TX 77065
      View Details
    • $2,800,000
      10,211 SF

      Houston Office Building For Sale

      Office building with 10,211 square feet of space.
      11706 Fallbrook Dr, Houston, TX 77065
      View Details
    • Contact for pricing
      5.98 Acres

      Prime Jersey Village Multifamily/Office

      5.98-acre commercial property, excellent potential.
      0 Castlebridge Dr, Jersey Village, TX 77065
      View Details
    • $450,000
      1,500 SF

      FM 1960 Executive Office Space

      Houston Office/Retail Space: Lease or Buy
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
    • $450,000
      1,500 SF

      Retail/Office Space on FM 1960

      1,500 SF retail/office space for sale on FM 1960.
      11780 W Fm 1960 Rd, Houston, TX 77065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,950 SF

      Jones Center Medical Office Space

      Houston medical office suite, 1,330 sqft.
      9717 Jones Rd, Houston, TX 77065
      View Details
    • $8 SF/Yr
      5,226 SF

      Houston Office Space for Lease

      Flexible Workspaces in Prime Location
      12650 Crossroads Park Dr, Houston, TX 77065
      View Details
    • $17 SF/Yr
      79,925 SF

      Cy-Fair Medical Office Building

      Class A Medical Office Space, Abundant Parking
      13114 Farm To Market 1960 Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      2,708 SF

      Retail Space Near Jones Road

      Well-located retail space with high visibility and ample parking.
      9110 Jones Rd, Houston, TX 77065
      View Details
    • Contact for pricing
      1,500 SF

      Prime Houston Executive Office Space

      1,500 SF Office, Cypress/FM 1960
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
    • $800 /Mo
      750 SF

      Office Space with Private Entrance

      Second-floor office suite with utilities included and parking available.
      12424 Mile Dr, Houston, TX 77065
      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.
    11706 Fallbrook Dr
    Houston, TX 77065
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.