Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15651 Nn Fwy, Unit 104 Houston, TX 77090-5903

    • Hotels
    • 64,147 SF
    • 2.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2471781
    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

    • TeachUp Spring Learning Center / Training Center / Tutoring Service
    • Teachup Spring / Professional Organizer
    • ITT Technical Institute / College / Business School

    Property Details for 15651 Nn Fwy

    Year built
    2013
    Construction
    WOOD FRAME
    Lot size
    2.18 lot acres
    Property size
    64,147 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1150170000031
    APU
    1150170000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,657,000
      Market price range: $842k - $1.66M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,255,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4258
    Latitude
    29.9937
    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
    $47,749
    $951,350
    $5,630,895
    $6,582,245
    -
    $951,350
    $5,630,895
    $6,582,245

    Comparable in this City

    • Value Estimation
      $730,000
      66,658 SF

      16510 Nn Fwy, Unit 213

      HOTEL/MOTEL • 66,658 SF
      16510 Nn Fwy, Houston, TX 77090-5102
      View Details
    • Value Estimation
      $740,000
      64,140 SF

      17111 Nn Fwy, Unit 138

      HOTEL/MOTEL • 64,140 SF
      17111 Nn Fwy, Houston, TX 77090-5005
      View Details
    • Value Estimation
      $690,000
      31,341 SF

      17617 Nn Fwy, Unit 64

      HOTEL/MOTEL • 31,341 SF
      17617 Nn Fwy, Houston, TX 77090-4903
      View Details
    • Value Estimation
      $545,000
      24,886 SF

      15700 Kuykendahl Rd, Unit 32

      HOTEL/MOTEL • 24,886 SF
      15700 Kuykendahl Rd, Houston, TX 77090-3612
      View Details
    • Value Estimation
      $540,000
      24,566 SF

      16222 Nn Fwy, Unit 40

      HOTEL/MOTEL • 24,566 SF
      16222 Nn Fwy, Houston, TX 77090-5516
      View Details
    • Value Estimation
      $540,000
      39,274 SF

      16021 Nn Fwy, Unit 48

      HOTEL/MOTEL • 39,274 SF
      16021 Nn Fwy, Houston, TX 77090-5503
      View Details

    Similar Nearby for Sale

    • $1,147,544
      3.29 Acres

      Houston Commercial Land - Ella Blvd

      3.29-acre commercial lot, prime location.
      15006 Ella Blvd, Houston, TX 77090
      View Details
    • $3,253,692
      18.91 Acres

      Houston Multifamily & Warehouse Investment

      Prime Houston location, high-yield potential.
      0 Swc Of Kuykendahl Rd & Ella Blvd, Houston, TX 77090
      View Details
    • $450,000
      1.00 Acre

      Prime Houston Land - Ella Blvd

      1-Acre Commercial Lot, All Permits Included
      15151 Ella Blvd, Houston, TX 77090
      View Details
    • Contact for pricing
      8,400 SF

      Freeway Frontage Specialty Property

      8,400 SF specialty property with freeway frontage.
      16271 North Fwy, Houston, TX 77090
      View Details
    • $158,000

      Tenant-Occupied Townhome with Updates

      Two-bedroom townhome with lease in place until 2027.
      17481 Red Oak Dr, Houston, TX 77090
      View Details
    • $864,000

      Kuykendahl Road Frontage Land

      Land with frontage on Kuykendahl Road and quick access to I-45.
      12921 Kuykendahl Rd, Houston, TX 77090
      View Details

    Similar Nearby for Lease

    • $150,000
      66,647 SF

      Prime Houston Land - North Freeway

      1.53 Acres, Commercial Ground Lease
      15651 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      74,402 SF

      Houston Office Building For Rent

      20-acre campus near The Woodlands with ample parking.
      140 Cypress Station Dr, Houston, TX 77090
      View Details
    • $1.25 SF/Yr
      3,140 SF

      Northwest Houston Medical Office Space

      Medical office spaces available near HCA Houston Healthcare Northwest.
      17203 Red Oak Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      5,294 SF

      Industrial Space Available For Lease

      Industrial property with 5,294 square feet available for lease.
      220-221 Barren Springs Dr, Houston, TX 77090
      View Details
    • $39 SF/Yr
      82,073 SF

      Houston Multi-Use Commercial Property

      Prime Houston location, multiple suites available.
      1319 Farm To Market 1960 Rd, Houston, TX 77090
      View Details
    • $13 SF/Yr
      37,000 SF

      Houston Retail Center Investment Opportunity

      37,000 SF Retail Center, 1.18 Acres
      900 Farm To Market 1960 Rd, Houston, TX 77090
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15651 Nn Fwy, Unit 104
    Houston, TX 77090-5903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.