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    14517 Sommermeyer St Houston, TX 77041

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    14517 Sommermeyer St Houston, TX 77041

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    • Commercial real estate
    • 1.04 lot acres
    Off-Market
    Property ID
    US83-3717904
    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

    • Commercial real estate

    Property Details for 14517 Sommermeyer St

    Lot size
    1.04 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.04-acre commercial land parcel is strategically located in Houston's thriving Spring Branch area at 14517 Sommermeyer St, zip code 77041, Harris County, Texas. Priced at $990,000, this property offers significant development potential due to its prime positioning and accessibility. Situated minutes from the Sam Houston Tollway and US 290, it enjoys convenient access to major retailers and significant consumer traffic. The expansive lot is ready for a variety of commercial uses, including industrial, retail, office, or storage facilities. City utilities are available, simplifying development plans. This property presents a rare opportunity to capitalize on the robust commercial activity and growth within Spring Branch, a highly desirable and rapidly developing neighborhood. The asking price reflects the land value, making it an attractive investment for those seeking a substantial plot in a high-demand location. This is an excellent opportunity to build or expand your business in a vibrant and accessible area of Houston. The property's size and location make it ideal for prospective future development, catering to a wide range of commercial ventures.

    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
    -95.54236046
    Latitude
    29.85979279

    Comparable in this City

    • $5,000,000
      18,989 SF

      Unrestricted Land with Multiple Structures

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      Commercial Land on N. Eldridge

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      8,712 SF

      Houston Land Parcel For Sale

      Land parcel in NW Houston with utilities available.
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      Northwest Houston Industrial Investment Opportunity

      Industrial property in Northwest Houston with NNN leases and stabilized yard.
      5711-5725 Cunningham Rd, Houston, TX 77041
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    • $199,000

      Residential Lot in Houston, TX

      Vacant residential lot with utilities, near Beltway 8 and Highway 290.
      10102 Porto Rico Rd, Houston, TX 77041
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    Similar Nearby for Sale

    • $5,000,000
      18,989 SF

      Unrestricted Land with Multiple Structures

      Five-acre unrestricted land with diverse structures and potential uses.
      7438 Wright Rd, Houston, TX 77041
      View Details
    • Contact for pricing

      Commercial Land on N. Eldridge

      5.50 AC commercial land with frontage on N. Eldridge Parkway.
      6802 N Eldridge Pkwy, Houston, TX 77041
      View Details
    • Contact for pricing
      8,712 SF

      Houston Land Parcel For Sale

      Land parcel in NW Houston with utilities available.
      4628 Steffani Ln, Houston, TX 77041
      View Details
    • Contact for pricing

      Northwest Houston Industrial Investment Opportunity

      Industrial property in Northwest Houston with NNN leases and stabilized yard.
      5711-5725 Cunningham Rd, Houston, TX 77041
      View Details
    • $199,000

      Residential Lot in Houston, TX

      Vacant residential lot with utilities, near Beltway 8 and Highway 290.
      10102 Porto Rico Rd, Houston, TX 77041
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease

      Land available for lease in Houston, TX.
      6610 N Eldridge Pkwy, Houston, TX 77041
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      Stabilized Yard For Lease

      4.247 AC stabilized yard for lease in Houston, TX.
      12506 Farm To Market Rd 529, Houston, TX 77041
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      Land Available in Houston, TX

      Land for sale at 4630 Steffani Lane, Houston, TX.
      4630 Steffani Ln, Houston, TX 77041
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Houston, Texas.
      8640 N Eldridge Pkwy, Houston, TX 77041
      View Details
    • Contact for pricing

      Houston Flex Space For Lease

      Flex space available for lease in Houston, Texas.
      10900 Brittmoore Park Dr, Houston, TX 77041
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    Houston, TX 77041
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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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