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

    12915 Fm 1960th W Rd, Unit 65 Houston, TX 77065-4010

    • Hotels
    • 40,781 SF
    • 2.26 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2021
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3012782
    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

    • Hotels

    Property Details for 12915 Fm 1960th W Rd

    Year built
    2000
    Construction
    WOOD FRAME
    Lot size
    2.26 lot acres
    Property size
    40,781 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1185310010004
    APU
    1185310010004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $591,000
      Market price range: $438k - $1.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.61
    Latitude
    29.9185
    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
    $14,227
    $1,584,410
    $541,949
    $2,126,359
    -
    $1,584,410
    $541,949
    $2,126,359

    Comparable in this City

    • Value Estimation
      $555,000
      24,505 SF

      8135 Jones Rd, Unit 36

      HOTEL/MOTEL • 24,505 SF
      8135 Jones Rd, Jersey Village, TX 77065-4603
      View Details
    • Value Estimation
      $510,000
      34,343 SF

      12349 Fm 1960th W Rd, Unit 40

      HOTEL/MOTEL • 34,343 SF
      12349 Fm 1960th W Rd, Houston, TX 77065-4808
      View Details
    • Value Estimation
      $660,000
      32,114 SF

      11570 Fm 1960th W Rd, Unit 44

      HOTEL/MOTEL • 32,114 SF
      11570 Fm 1960th W Rd, Houston, TX 77065-3608
      View Details
    • Value Estimation
      $590,000
      40,518 SF

      13371 Fm 1960th W Rd, Unit 58

      HOTEL/MOTEL • 40,518 SF
      13371 Fm 1960th W Rd, Houston, TX 77065-4001
      View Details
    • Value Estimation
      $695,000
      31,394 SF

      20035 Nwnw Fwy, Unit 62

      HOTEL/MOTEL • 31,394 SF
      20035 Nwnw Fwy, Jersey Village, TX 77065-3911
      View Details
    • Value Estimation
      $605,000
      27,088 SF

      10710 Huffmeister Rd, Unit 40

      HOTEL/MOTEL • 27,088 SF
      10710 Huffmeister Rd, Houston, TX 77065-3104
      View Details

    Similar Nearby for Sale

    • $900,000
      3,000 SF

      FM 1960 West Medical Office

      Houston medical office building, 3,000 sq ft.
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      13,200 SF

      Jones Road Retail Pad Site

      13,200 SF Restaurant Pad, High Traffic
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    • $75,000

      Unrestricted Lot Near FM1960

      Unrestricted 7,622 SF lot suitable for business or home.
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      2.72 Acres

      Houston Retail Land Investment Opportunity

      Prime 2.72-acre storefront development site.
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    • Contact for pricing
      11,200 SF

      Huffmeister Road Restaurant/Bar Sale

      Turnkey Restaurant/Bar, 11,200 SF
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    • $6,164,151
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      Houston Car Wash - Net Lease Investment

      High-return car wash, long-term lease.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Houston Sports Bar Investment Opportunity

      Established Bar/Restaurant, 11,200 SF
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    • Contact for pricing
      34,697 SF

      Hempstead Road Industrial Spaces

      Seven flex/warehouse units available in Northwest Houston.
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    • Contact for pricing
      1,500 SF

      Prime Houston Executive Office Space

      1,500 SF Office, Cypress/FM 1960
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
    • $8 SF/Yr
      5,226 SF

      Houston Office Space for Lease

      Flexible Workspaces in Prime Location
      12650 Crossroads Park Dr, Houston, TX 77065
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    • $14 SF/Yr
      15,000 SF

      West Road Retail Center Opportunity

      Houston Retail Space Available: 3,000 SF
      11420-11430 West Rd, Jersey Village, TX 77065
      View Details
    • $800 /Mo
      750 SF

      Office Space with Private Entrance

      Second-floor office suite with utilities included and parking available.
      12424 Mile Dr, Houston, TX 77065
      View Details
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    Houston, TX 77065-4010
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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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