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

    16422 Eldridge Pkwy Tomball, TX 77377-9074

    • Day care centers
    • 15,214 SF
    • 2.02 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3680858
    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

    • Kids 'R' Kids Learning Academy / Daycare Center

    Property Details for 16422 Eldridge Pkwy

    Year built
    2000
    Construction
    BRICK
    Lot size
    2.02 lot acres
    Property size
    15,214 SF
    Property type
    Day care centers
    APN
    1213830010001
    APU
    1213830010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,049,000
      Market price range: $555k - $1.06M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $790,000
      Current use
      MEDICAL BUILDING
      $1,065,000
      Change: +35% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $960,000
      Change: +21% Conversion: Difficult
      WAREHOUSE, STORAGE
      $910,000
      Change: +15% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6072
    Latitude
    30.0097
    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
    $22,546
    $1,055,892
    $2,104,298
    $3,160,190
    -
    $1,055,892
    $2,104,298
    $3,160,190

    Comparable in this City

    • Value Estimation
      $815,000
      17,538 SF

      12217 Northpointe Blvd

      DAY CARE, PRE-SCHOOL • 17,538 SF
      12217 Northpointe Blvd, Tomball, TX 77377-5532
      View Details
    • Value Estimation
      $620,000
      11,483 SF

      11616 Spg Cypress Rd

      DAY CARE, PRE-SCHOOL • 11,483 SF
      11616 Spg Cypress Rd, Tomball, TX 77377-8543
      View Details
    • Value Estimation by Request
      7,240 SF

      18718 Fm 2920th Rd

      DAY CARE, PRE-SCHOOL • 7,240 SF
      18718 Fm 2920th Rd, Tomball, TX 77377-5627
      View Details
    • Value Estimation
      $630,000
      12,110 SF

      11808 Spg Cypress Rd

      DAY CARE, PRE-SCHOOL • 12,110 SF
      11808 Spg Cypress Rd, Tomball, TX 77377-8933
      View Details
    • Value Estimation by Request
      11,340 SF

      11606 Westlock Dr

      Coworking space • 11,340 SF
      11606 Westlock Dr, Tomball, TX 77377
      View Details
    • Value Estimation by Request
      1,040 SF

      18610 Northpointe Rdg Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,040 SF
      18610 Northpointe Rdg Ln, Tomball, TX 77377
      View Details

    Similar Nearby for Sale

    • $464,900

      Tomball Multi-Purpose Property For Sale

      Multi-purpose property near downtown Tomball and Spring Creek Park.
      23206 Park Rd, Tomball, TX 77377
      View Details
    • $2,200,000
      4.00 Acres

      Tomball Commercial Land Opportunity

      4-Acre Multi-Use Property in Texas
      20003 Bauer Hockley Rd, Tomball, TX 77377
      View Details
    • $1,012,770
      3.00 Acres

      Tomball Commercial Land - $1M+

      Prime 3-acre development site in Tomball, TX.
      15226 Fm 2920 Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Tomball Commercial Land - Prime Location

      High-traffic corner lot, excellent visibility.
      & Buvinghausen Nwc Of Spg Cypress Rd, Tomball, TX 77377
      View Details
    • $2,023,860
      4.43 Acres

      Prime Tomball Commercial Land

      4.4 Acres, High-Traffic Location
      13810 Windy Meadow Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      3.38 Acres

      Tomball Land: Medical Complex Drive

      3.38 Acres, Prime Commercial Location
      Tomball Medical Complex Dr, Tomball, TX 77377
      View Details

    Similar Nearby for Lease

    • $552 /Mo
      11,340 SF

      INOVA at Westlock Office Suite

      Modern Tomball Office Space, 630 sq ft
      11606 Westlock Dr, Tomball, TX 77377
      View Details
    • $1,450 /Mo

      Spacious Townhome with Fenced Patio

      Move-in ready townhome with two master bedrooms and private patio.
      7736 Challie Ln, Houston, TX 77377
      View Details
    • $21 SF/Yr
      3,299 SF

      Tomball Executive Office Suites

      Modern, secure office condos in Tomball, TX
      16726 Eldridge Pkwy, Tomball, TX 77377
      View Details
    • $20 SF/Yr
      2,760 SF

      Tomball Office, Retail, Medical Space

      Office, retail, or medical space available for immediate occupancy.
      12111 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • $14 SF/Yr
      1,750 SF

      Tomball Flex/Industrial Space Available

      Flex/Industrial space available for lease in Tomball, Texas.
      11424 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      7,700 SF

      Tomball Warehouse with Storage Yard

      7,700 SF warehouse with fenced outside storage in Tomball.
      15042 Boudreaux Rd, Tomball, TX 77377
      View Details
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    Tomball, TX 77377-9074
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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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