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    11941 Cutten Rd Houston, TX 77066-3042
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    Property profile & analytics

    11941 Cutten Rd Houston, TX 77066-3042

    View on Map
    • Warehouses
    • 55,479 SF
    • 4.81 lot acres
    Off-Market
    Last Sale Jul 17, 2023
    Property ID
    US82-9746692
    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
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goodyear Commercial Tire & Service Centers / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Braun Intertec Corporation / Geotechnical Engineer / Business Management Consultant
    • Apex Companies, LLC / Environmental Consultant
    • SPRINT Robotics / Production Facility
    • Mr Carwash / Car Wash

    Property Details for 11941 Cutten Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    4.81 lot acres
    Property size
    55,479 SF
    Property type
    Warehouses
    APN
    1322370030011
    APU
    1322370030011

    Description

    This exceptional 9,000 square-foot flex space, situated within the Cutten Road Business Park in Houston, Texas, offers a versatile solution for businesses seeking a blend of office and warehouse functionality. Located at 11941 Cutten Road, zip code 77066, this property boasts a strategic location in Northwest Houston, providing convenient access to major thoroughfares including Beltway 8, Highway 249 (Tomball Parkway), and FM 1960. The space is part of a larger 48,000 square-foot multi-tenant industrial building, with 9,000 square feet currently available for lease. The unit features a substantial 22-foot ceiling height, ideal for various storage and operational needs. Power is readily available with a 400 Amp, 3-phase 277/480V service. The property sits on a 4.8-acre lot within Harris County, offering ample space and potential for expansion. This prime location near the Willow brook area makes it an attractive option for businesses seeking a blend of accessibility and functionality. The property is classified as both Flex and Warehouse space, catering to a wide range of business types. This is a rare opportunity to secure a well-located, spacious, and versatile industrial property in a thriving Houston market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,905,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5245
    Latitude
    29.9544
    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
    2023
    $48,893
    $1,256,616
    $5,167,120
    $6,423,736
    -
    $1,256,616
    $5,167,120
    $6,423,736

    Comparable in this City

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      56,752 SF

      12452 Cutten Rd

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      View Details
    • Value Estimation
      $1,730,000
      129,120 SF

      14200 Hollister St

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    • Value Estimation by Request
      16,000 SF

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    • Value Estimation by Request
      2,495 SF

      6800 Gant Rd

      MINI-WAREHOUSE, STORAGE • 2,495 SF
      6800 Gant Rd, Houston, TX 77066-1913
      View Details
    • Value Estimation
      $730,000
      16,282 SF

      6615 Gant Rd

      WAREHOUSE, STORAGE • 16,282 SF
      6615 Gant Rd, Houston, TX 77066-1911
      View Details
    • Value Estimation
      $660,000
      17,120 SF

      10963 Cutten Rd

      WAREHOUSE, STORAGE • 17,120 SF
      10963 Cutten Rd, Houston, TX 77066-5020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

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      19,800 SF

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      17,850 SF

      Modern Industrial Warehouse Space

      Industrial warehouse space with office, high ceilings, and convenient access.
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      5,276 SF

      Versatile Commercial Building on Large Lot

      5,276 SF building on 0.93 AC, ideal for retail/office/flex.
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      2.35 Acre Development Opportunity

      2.35-acre parcel for development in a high-traffic area.
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    Similar Nearby for Lease

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      9,100 SF

      New Industrial Space For Lease

      9,100 SF industrial space with quick highway access.
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    • Contact for pricing
      3,500 SF

      HVAC Warehouse with Ample Parking

      HVAC warehouse space available March 1, 2025, with ample parking.
      11101-11109 Cutten Rd, Houston, TX 77066
      View Details
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    Houston, TX 77066-3042
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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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    11941 Cutten Rd, Houston, TX, 77066
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