Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16822 Eldridge Pkwy Tomball, TX 77377-9078
    Back to Search
    Property profile & analytics

    16822 Eldridge Pkwy, Tomball, TX 77377-9078

    View on Map
    • Office buildings
    • 3,318 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US83-0656200
    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
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Body Radiance & Wellness / Spa & Massage Center / Alternative Medicine Practice
    • Dash Title / Title Company
    • Charlotte Zornes - Your Mortgage Professional NMLS# 621596 / Loan Service / Bank

    Property Details for 16822 Eldridge Pkwy

    Year built
    2017
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property type
    Office buildings
    APN
    1364120010005
    APU
    1364120010005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2020 — 12620 Matteson LLC Foundation Homes LLC Grant Deed · related —

    Description

    This exceptional offering presents two suites within Building 16822 of the prestigious Pelican Park in Tomball, Texas. This single-story, Class B office building, constructed in 2017, boasts a total of 3,408 square feet. The property is part of an eight-building complex, offering a unique blend of traditional and executive office spaces in a thriving Northwest Houston location. Each suite benefits from external CCTV cameras, ensuring enhanced security. The convenient location provides easy access to major thoroughfares including the Grand Parkway (99), Tomball Parkway (249), and Spring Cypress Road, placing you near residential areas, shopping, and dining options. The property's design blends upscale professionalism with a relaxed atmosphere, making it an ideal location for businesses seeking a modern and secure workspace. The complex features a distinctive architectural style and offers a high-quality work environment. This is a multi-tenant building situated at 16822 N Eldridge Pkwy, Tomball, TX 77377. The property's prime location and modern amenities make it a highly desirable investment opportunity. The building's strategic placement at the intersection of North Eldridge and Spring Cypress Road along North Eldridge Parkway offers unparalleled accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $660,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6075
    Latitude
    30.0115
    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
    $10,767
    $276,600
    $1,111,487
    $1,388,087
    -
    $276,600
    $1,111,487
    $1,388,087

    Comparable in this City

    • Value Estimation
      $1,575,000
      7,108 SF

      12231 Northpointe Blvd

      OFFICE BUILDING
      12231 Northpointe Blvd, Tomball, TX 77377-5532
      View Details
    • Value Estimation
      $860,000
      3,776 SF

      16730 Eldridge Pkwy

      OFFICE BUILDING
      16730 Eldridge Pkwy, Tomball, TX 77377-9077
      View Details
    • Value Estimation by Request
      1,318 SF

      19231 Hoffman Ests Blvd

      OFFICE BUILDING
      19231 Hoffman Ests Blvd, Tomball, TX 77377-7264
      View Details
    • Value Estimation by Request
      2,144 SF

      14410 Mary Jane Ln

      OFFICE BUILDING
      14410 Mary Jane Ln, Tomball, TX 77377-6299
      View Details
    • Value Estimation
      $860,000
      3,776 SF

      16714 Eldridge Pkwy

      OFFICE BUILDING
      16714 Eldridge Pkwy, Tomball, TX 77377-9077
      View Details
    • Value Estimation
      $840,000
      3,880 SF

      18230 Eldridge Pkwy

      OFFICE BUILDING
      18230 Eldridge Pkwy, Tomball, TX 77377-8014
      View Details

    Similar Nearby for Sale

    • $400,000

      Tomball Commercial Site with Office

      Unrestricted 0.9-acre site with office building in Tomball, TX.
      14410 Mary Jane Ln, Tomball, TX 77377
      View Details
    • $529,200
      2,520 SF

      Tomball Office Space for Sale

      New 2520 SF Office, Owner/User
      11606 Westlock Dr Tomball, Tomball, TX 77377
      View Details
    • $264,600
      1,260 SF

      Tomball Office Space For Sale

      Modern Office, 1260 sq ft, Texas
      11606 Westlock Dr, Tomball, TX 77377
      View Details
    • Contact for pricing
      2,520 SF

      Prime Commercial Unit For Sale

      420 sq ft unit ideal for retail or office use.
      11606 Westlock Dr, Tomball, TX 77377
      View Details
    • $138,600
      630 SF

      Tomball Office Space For Sale

      Brand-new, 630 sq ft office.
      11606 Westlock Dr, Tomball, TX 77377
      View Details
    • $1,750,000
      2,348 SF

      Unrestricted Live/Work Opportunity in Tomball

      Metal building with house, pool, and unrestricted potential.
      12943 Spring Cypress Rd, Tomball, TX 77377
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Condominiums For Rent

      High-quality office spaces with modern amenities in a growing community.
      12414 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Professional Office Condominiums For Rent

      High-quality office suites in Tomball, TX, with flexible lease options.
      12422 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Tomball Condo-Style Office Units

      Private, customizable office units in a vibrant Tomball business park.
      11625 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • Contact for pricing

      Luxurious Offices in Lakewood Condominiums

      Elegant condo-style business park near Highway 249 in Tomball, TX.
      12426 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • $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
    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.
    16822 Eldridge Pkwy
    Tomball, TX 77377-9078
    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

    Thank You for Inquiry
    16822 Eldridge Pkwy, Tomball, TX, 77377
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!