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    Property profile & analytics

    11803 Adel Rd Houston, TX 77067

    • Commercial real estate
    • 5.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4527444
    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

    • Lincoln Wood Baptist Church / Baptist Church

    Property Details for 11803 Adel Rd

    Lot size
    5.06 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.06-acre commercial land parcel presents a remarkable investment opportunity in Houston, Texas. Located at the intersection of Adel Road and T.C. Jester Boulevard, near Morning Dew Lane, this property boasts convenient access to major thoroughfares, including the Sam Houston Tollway (Beltway 8) and Spears Road. All utilities are available on-site, and the property has received necessary county approvals, making it development-ready. The site benefits from high visibility and exposure due to its location on T.C. Jester Boulevard, which experiences an average daily traffic count of 13,425 vehicles. The surrounding area demonstrates strong demographics, including a growing population, an average household income of $81,391, and a significant daytime population. This creates significant potential for diverse development options, including retail, commercial, or residential projects. The seller is willing to consider dividing the acreage. The asking price for this 5.06-acre tract is $1,100,000. This property is situated in Harris County, Texas, with a zip code of 77067. The address is 11803 Adel Rd, Houston, TX.

    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
    -95.4490065
    Latitude
    29.9553523

    Comparable in this City

    • $2,000,000
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      North Houston Multi-Use Facility

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      Prime Houston acreage, exceptional development potential.
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    • $700,000
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      Houston Commercial Land - 4.8 Acres

      Prime Houston land, unrestricted use.
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      Prime Land for Development

      2 acres of land, ideal for retail or commercial development.
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    Similar Nearby for Sale

    • $2,000,000
      16,800 SF

      North Houston Multi-Use Facility

      Two-story, 16,800 SF medical or specialty facility for sale.
      12414 Dawn Rd, Houston, TX 77067
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    • $4,605,115
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      Houston Commercial Land - 23 Acres

      Prime Houston land, ideal for development. Excellent location.
      000 Ella Blvd, Houston, TX 77067
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    • $1,393,000

      Commercial Land on Rankin Drive

      2.4 acres of commercial land suitable for various developments.
      Rankin Rd, Houston, TX 77067
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    • $8,546,450
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      Houston Commercial Land - 56 Acres

      Prime Houston acreage, exceptional development potential.
      56.06 AC Ella Blvd & Rushcreek Dr, Houston, TX 77067
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    • $700,000
      4.80 Acres

      Houston Commercial Land - 4.8 Acres

      Prime Houston land, unrestricted use.
      0 Hugh Rd, Houston, TX 77067
      View Details
    • Contact for pricing

      Prime Land for Development

      2 acres of land, ideal for retail or commercial development.
      Kuykendahl Rd, Houston, TX 77067
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
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      11233 Crown Park Dr

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      598,950 SF

      Houston Commercial Land - 13.75 Acres

      Prime Houston acreage: Lease or buy.
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    • Contact for pricing
      598,950 SF

      Prime Corner Pad Site Available

      13.75-acre pad site for sale or ground lease.
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    • $3,000 /Mo
      130,680 SF

      Houston Land Parcel For Lease

      Large land parcel available for lease in Houston, Texas.
      Adel Rd, Houston, TX 77067
      View Details
    • Contact for pricing

      Prime 8-Acre Houston Commercial Land

      Houston land, 8 acres, commercial lease
      0 Spears Rd, Houston, TX 77067
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    • $16 SF/Yr
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      Prime Houston Office Space

      14-Story Office Building, Abundant Parking
      100 Glenborough Dr, Houston, TX 77067
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    11803 Adel Rd
    Houston, TX 77067
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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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