Add Listing
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

    11890 Westheimer Rd Houston, TX 77077-6700

    • Banks
    • 4,886 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0283496
    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

    • PNC Mortgage / Loan Service / Bank
    • PNC ATM / Atm
    • PNC Bank / Bank / Loan Service

    Property Details for 11890 Westheimer Rd

    Year built
    2005
    Construction
    WOOD FRAME
    Lot size
    0.23 lot acres
    Property size
    4,886 SF
    Property type
    Banks
    APN
    1113580000001
    APU
    1113580000001

    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
    -95.5883
    Latitude
    29.7368
    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
    $22,620
    $348,215
    $811,154
    $1,159,369
    -
    $348,215
    $811,154
    $1,159,369

    Comparable in this City

    • Value Estimation by Request
      6,838 SF

      2401 Eldridge Pkwy

      FINANCIAL BUILDING • 6,838 SF
      2401 Eldridge Pkwy, Houston, TX 77077-5255
      View Details
    • Value Estimation
      $585,000
      6,597 SF

      1805 Eldridge Pkwy

      FINANCIAL BUILDING • 6,597 SF
      1805 Eldridge Pkwy, Houston, TX 77077-3573
      View Details
    • Value Estimation by Request
      2,928 SF

      1502 Eldridge Pkwy

      FINANCIAL BUILDING • 2,928 SF
      1502 Eldridge Pkwy, Houston, TX 77077-1759
      View Details
    • Value Estimation by Request
      4,156 SF

      1042 Hwy 6th S

      FINANCIAL BUILDING • 4,156 SF
      1042 Hwy 6th S, Houston, TX 77077-1020
      View Details
    • Value Estimation by Request
      5,002 SF

      13311 Westheimer Rd

      FINANCIAL BUILDING • 5,002 SF
      13311 Westheimer Rd, Houston, TX 77077-3503
      View Details
    • Value Estimation by Request
      5,336 SF

      11560 Westheimer Rd

      FINANCIAL BUILDING • 5,336 SF
      11560 Westheimer Rd, Houston, TX 77077-6708
      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
    • $169,000

      Modern Condo with Park View

      Gated community, 2/2 condo with balcony overlooking park.
      2277 S Kirkwood Rd, 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
    • $149,000

      Land For Sale Houston

      Land available for sale in Houston, Texas.
      2047 Briarlee Dr, Houston, TX 77077
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Bank with Drive-Thru

      Second-generation bank with drive-thru at a hard corner location.
      1575 Eldridge Pkwy, Houston, TX 77077
      View Details
    • $24 SF/Yr
      2,560 SF

      Westheimer Road Medical/Retail/Office Space

      2,560 SF space ideal for medical, retail, or office.
      12303 Westheimer Rd, Houston, TX 77077
      View Details
    • 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

      Westheimer Road Commercial Space Available

      Commercial space suitable for dental, medical, or retail businesses.
      12727 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
    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.
    11890 Westheimer Rd
    Houston, TX 77077-6700
    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.
    Sign Up Successful!
    You now have access to more from Realmo!