Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11926 New Mdw Dr Houston, TX 77064-1610
    Back to Search
    Property profile & analytics

    11926 New Mdw Dr, Houston, TX 77064-1610

    View on Map
    • Retail space
    • 1,341 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US82-2315528
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Rancherita Mini Market & Deli / Grocery & Convenience Store

    Property Details for 11926 New Mdw Dr

    Year built
    1998
    Construction
    WOOD FRAME
    Lot size
    0.22 lot acres
    Property type
    Retail space
    APN
    900590000005
    APU
    900590000005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 17, 1998 — Dagoberto Andrade Rodriguez,avilio & Ada L Grant Deed · related —
    — — Glacira Andrade — Deed Of Trust · related $20k · Abc Bonding Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5507
    Latitude
    29.9471
    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
    $1,574
    $47,780
    $161,705
    $209,485
    -
    $47,780
    $161,705
    $209,485

    Comparable in this City

    • Value Estimation by Request
      5,305 SF

      9191 Ww Rd

      RETAIL STORES (PERSONAL SERVICES)
      9191 Ww Rd, Houston, TX 77064-8623
      View Details
    • Value Estimation by Request
      7,884 SF

      11010 Perry Rd

      RETAIL STORES (PERSONAL SERVICES)
      11010 Perry Rd, Houston, TX 77064-4604
      View Details
    • Value Estimation by Request
      8,265 SF

      13003 Windfern Rd

      RETAIL STORES (PERSONAL SERVICES)
      13003 Windfern Rd, Houston, TX 77064-3006
      View Details
    • Value Estimation by Request
      8,320 SF

      8036 Fairbanks N Houston Rd

      RETAIL STORES (PERSONAL SERVICES)
      8036 Fairbanks N Houston Rd, Houston, TX 77064-8410
      View Details
    • Value Estimation by Request
      8,474 SF

      17731 State Hwy 249

      RETAIL STORES (PERSONAL SERVICES)
      17731 State Hwy 249, Houston, TX 77064-1010
      View Details
    • Value Estimation by Request
      800 SF

      9311 Shl Crk Dr

      RETAIL STORES (PERSONAL SERVICES)
      9311 Shl Crk Dr, Houston, TX 77064-1428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,535 SF

      Prime Retail Space in Houston

      High-visibility end-cap suite in a well-maintained retail center.
      10100 West Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      5,556 SF

      Vacant Retail Pad Site Available

      5,556 SqFt retail pad site available for sale.
      17117 Access Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      10,600 SF

      Established Automotive Repair Shop For Sale

      Turnkey automotive repair shop with real estate in prime location.
      10020 West Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      7,200 SF

      Restaurant and Bar Near Willowbrook

      7,200 SF restaurant and bar across from Willowbrook Mall.
      17111 Sh 249 Pkwy, Houston, TX 77064
      View Details
    • Contact for pricing

      Industrial Property For Sale

      Industrial property available for sale in Houston, Texas.
      7918 Breen Rd, Houston, TX 77064
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,024 SF

      Retail Space Near Willowbrook Mall

      Retail spaces available in a dense market near Willowbrook Mall.
      17575 Texas 249, Houston, TX 77064
      View Details
    • Contact for pricing
      6,200 SF

      Retail Endcap on Beltway 8

      6,200 SF retail space with high-traffic frontage on Beltway 8.
      8111 N Sam Houston Pkwy W, Houston, TX 77064
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space For Rent

      Retail space available for lease in Houston, Texas.
      17575 State Highway 249, Houston, TX 77064
      View Details
    • Contact for pricing

      Prime Retail Space in Houston

      Retail space available in Willowbrook Plaza near Highway 249.
      17355 Tomball Pkwy, Houston, TX 77064
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Single tenant retail space available for lease, 5,556 SqFt.
      17117 State Highway 249, Houston, TX 77064
      View Details
    • Contact for pricing

      Houston Retail Pad Site Available

      Retail pad site with drive-thru availability in Houston.
      9211 West Rd, Houston, TX 77064
      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.
    11926 New Mdw Dr
    Houston, TX 77064-1610
    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

    Thank You for Inquiry
    11926 New Mdw Dr, Houston, TX, 77064
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!