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    14060 Fm 2920 Rd Tomball, TX 77377
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    14060 Fm 2920 Rd, Tomball, TX 77377

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    • Grocery and convenience stores
    • 78,990 SF
    • 7.21 lot acres
    For Sale
    $1,910,000
    View Listing →
    Tomball Town Center Retail Space For Sale
    $1,910,000
    141,450 SF

    Tomball Town Center Retail Space

    Retail property at a high-traffic intersection, 96% leased.

    14060 FM 2920, Tomball, TX 77377
    View Listing
    Property ID
    US82-2289374
    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

    • Grocery and convenience stores

    Property Details for 14060 Fm 2920 Rd

    Year built
    2004
    Construction
    BRICK
    Lot size
    7.21 lot acres
    Property type
    Grocery and convenience stores
    APN
    1261680010002
    APU
    1261680010002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 21, 2021 — Sjbc Commercial Xxi LLC Ivt Tomball Town Center LLC Special Warranty Deed —

    Description

    Tomball Town Center, located at 14060 FM 2920 in Tomball, Texas (zip code 77377), presents a prime retail investment opportunity. This 141,450 square foot strip center, built in 2005, sits on a 3.2-acre lot in Harris County and enjoys a highly visible location at the northeast corner of Texas State Highway 249 and FM 2920. Currently, 5,232 square feet of space is available, with units ranging from a minimum of 2,100 square feet to a maximum contiguous space of 3,132 square feet. The center benefits from exceptional daily traffic exceeding 135,277 vehicles. Its strategic location, anchored by a high-performing Kroger Signature store, provides a significant competitive advantage, as it's the only traditional grocery store within a 3-mile radius. This has resulted in consistently high occupancy since its opening, currently at 99%. The property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. This is a rare opportunity to acquire a well-established retail center in a thriving Texas market.

    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
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6342
    Latitude
    30.0917
    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
    $91,535
    $3,142,330
    $6,289,877
    $9,432,207
    -
    $3,142,330
    $6,289,877
    $9,432,207

    Comparable in this City

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    • Value Estimation by Request
      5,134 SF

      16003 Fm 2920th Rd

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    • Value Estimation by Request
      5,704 SF

      11931 Spg Cypress Rd

      CONVENIENCE STORE (W/FUEL PUMP)
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    • Value Estimation by Request
      5,340 SF

      17902 Fm 2920th Rd

      CONVENIENCE STORE (W/FUEL PUMP)
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    • Value Estimation by Request
      2,690 SF

      14814 Brown Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      14814 Brown Rd, Tomball, TX 77377-3898
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    • Value Estimation by Request
      2,400 SF

      20158 Bauer Hockley Rd

      CONVENIENCE STORE
      20158 Bauer Hockley Rd, Tomball, TX 77377-5673
      View Details

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      1,600 SF

      Established Liquor Store Near Lakewood

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      Live, Work, Play Opportunity

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    • $3,750,000

      Unrestricted Land with FM 2920 Frontage

      14.99+/- acre unrestricted tract ideal for commercial development or investment.
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      6,000 SF

      Prime Office/Warehouse Shell Unit

      Customizable 6,000 SF office/warehouse space in thriving business park.
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      2,520 SF

      Prime Commercial Unit For Sale

      420 sq ft unit ideal for retail or office use.
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    Similar Nearby for Lease

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      Tomball Office, Retail, Medical Space

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      2,000 SF

      Tomball Mixed-Use Development Opportunity

      65-acre mixed-use development in booming Tomball growth area.
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      3,200 SF

      Retail Space on Spring Cypress

      3,186 SF retail space with frontage on Spring Cypress Rd.
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      Versatile Flex Space Available

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      New Construction Shopping Center

      New construction shopping center for lease in Tomball, TX.
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      View Details
    • $6,000 /Mo
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      Cypress Rosehill Commercial/Residential Lease

      Flexible commercial space on Cypress Rosehill Road near Highway 99.
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      View Details
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    Tomball, TX 77377
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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.

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    14060 Fm 2920 Rd, Tomball, TX, 77377
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