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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12623 Jones Rd Houston, TX 77070-4840

    • Office buildings
    • 5,484 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3890236
    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

    • Delia Flanagan REALTOR / Real Estate Agency
    • Denee Chitty Realtor / Real Estate Agency
    • Ana Amezcua REALTOR® / Real Estate Agency
    • David Pichowsky, Realtor / Real Estate Agency
    • Shawna Ramos - REALTOR / Real Estate Agency

    Property Details for 12623 Jones Rd

    Year built
    1981
    Construction
    BRICK
    Lot size
    0.60 lot acres
    Property size
    5,484 SF
    Property type
    Office buildings
    APN
    460560000027
    APU
    460560000027

    Description

    This exceptional 5,070 square foot office building, situated on a 0.6-acre lot at 12623 Jones Road in Houston, Texas, presents a unique investment opportunity. Built in 1995 and renovated in 2016, the property boasts a prime location in Northwest Houston, offering excellent visibility and signage with 105 feet of frontage on Jones Road. The building features multiple private offices, a spacious bullpen area, a conference room, a large lobby, and a reception area complete with granite counters and a kitchen area including a private restroom. Ample parking is available on an 11,000 square foot paved area. This property benefits from its location in a high-density residential and commercial area, providing convenient access to major employers such as Hewlett Packard, Methodist Willowbrook Hospital, The Vintage shopping center, and St. Luke's at The Vintage hospital. The high traffic volume of over 37,900 vehicles daily on Jones Road and over 51,000 vehicles daily on FM 1960/Cypress Creek Parkway ensures significant exposure. The property is located in Harris County and within the Cy-Fair Independent School District. This NNN leased, single-tenancy building is available for sale or lease. The property is classified as both Executive and Traditional Office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $672,000
      Market price range: $166k - $2.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5856
    Latitude
    29.9566
    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
    $5,008
    $259,360
    $345,778
    $605,138
    -
    $259,360
    $345,778
    $605,138

    Comparable in this City

    • Value Estimation
      $2,370,000
      11,366 SF

      10320 Rodgers Rd

      OFFICE BUILDING • 11,366 SF
      10320 Rodgers Rd, Houston, TX 77070-1635
      View Details
    • Value Estimation
      $7,660,000
      242,248 SF

      11450 Compaq Ctr W E Dr

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 242,248 SF
      11450 Compaq Ctr W E Dr, Houston, TX 77070-1445
      View Details
    • Value Estimation
      $1,045,000
      5,368 SF

      10814 Woodedge Dr

      OFFICE BUILDING • 5,368 SF
      10814 Woodedge Dr, Houston, TX 77070-5342
      View Details
    • Value Estimation
      $650,000
      5,148 SF

      11731 Jones Rd

      OFFICE BUILDING • 5,148 SF
      11731 Jones Rd, Houston, TX 77070-5488
      View Details
    • Value Estimation
      $945,000
      4,800 SF

      13718 Ofc Park Dr

      OFFICE BUILDING • 4,800 SF
      13718 Ofc Park Dr, Houston, TX 77070-2891
      View Details
    • Value Estimation
      $1,150,000
      5,794 SF

      13727 Ofc Park Dr

      OFFICE BUILDING • 5,794 SF
      13727 Ofc Park Dr, Houston, TX 77070-2892
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,141 SF

      Professional Office Building For Sale

      14,141 SF office building on 1.015 AC lot.
      11011 Jones Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      689,000 SF

      689000 SF Office Campus

      Three-building office campus with amenities and parking garages for sale.
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    • $1,750,000
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      Prime Houston Office Building

      14,141 SF Office Space, 1 Acre Lot
      11011 Jones Rd, Houston, TX 77070
      View Details
    • $850,000

      Houston Medical Office Condo

      1,384 SF, High-Cash-Flow Potential
      11111 Jones Rd, Houston, TX 77070
      View Details
    • $950,000
      0.60 Acres

      Versatile Office-Warehouse Flex Building

      Office-warehouse flex building on 0.60 acres in a high-visibility location.
      11043 Jones Rd, Houston, TX 77070
      View Details
    • $600,000
      1,600 SF

      Office and Warehouse Space Available

      Office suite with warehouse and storage in Houston, TX.
      13000 Schroeder Rd, Houston, TX 77070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      130,395 SF

      Houston Office Space For Rent

      Office building with 130395 square feet available for lease.
      11403 Compaq Center West Dr, Houston, TX 77070
      View Details
    • $725,000
      2,772 SF

      Freestanding Office Building For Lease

      2,772 SF office building ideal for professional or medical use.
      13715 Office Park Dr, Houston, TX 77070
      View Details
    • Contact for pricing
      27,226 SF

      Corner Office Space Available

      Office space for rent at FM 1960 and Highway 249.
      7911 Fm 1960 Rd W, Houston, TX 77070
      View Details
    • Contact for pricing
      2,750 SF

      Medical Office Space Available

      Medical office suites available near Houston Methodist Willowbrook medical center.
      13333 Dotson Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      1,500 SF

      Medical Office Building Near Hospital

      Two-story medical office building near Willowbrook Methodist Hospital.
      13323 Dotson Rd, Houston, TX 77070
      View Details
    • $18 SF/Yr
      28,080 SF

      Prime Houston Medical Office Space

      Class A, 28,080 SF, Multiple Suites Available
      13219 Dotson Rd, Houston, TX 77070
      View Details
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    Houston, TX 77070-4840
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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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