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

    17030 Nanes Dr Houston, TX 77090

    • Commercial land
    • 1.12 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3956134
    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

    • Moore Mental Health & Behavioral Services / Counselor / Mental Health Clinic
    • Dr. Ahmad R. Pacha, MD, PA / Physician
    • Texas Children's Pediatrics Nanes / Pediatrician / Medical Clinic
    • Dr. Edward J. Escobar, DO / Physician
    • Phenomenal Health Care / Medical Clinic

    Property Details for 17030 Nanes Dr

    Lot size
    1.12 lot acres
    Property type
    Commercial land
    APN
    1156100010002
    APU
    1156100010002

    Description

    This 52,667 square foot, two-story Class B medical/professional office building in Houston, Texas, presents a compelling value-add investment opportunity. Built in 1984 and renovated in 2010, the property sits on a 4.4-acre lot (193,602 sq ft) and features 30 units with 36% occupancy as of May 27, 2024. The building boasts a prime location in the FM 1960 corridor of North Houston, offering excellent visibility and accessibility. Ample parking is available, exceeding 5 spaces per 1,000 square feet. The property's multi-tenant structure provides diversification, and its adaptable design caters to various medical and professional uses. The location within Harris County, zip code 77090, benefits from proximity to major thoroughfares, national retailers, and key points of interest, including major airports and downtown Houston. The property's substantial lot size allows for potential expansion or future development. This investment offers a chance to capitalize on the growth of the surrounding communities, including Conroe, Spring, and The Woodlands.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4473
    Latitude
    30.0171
    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
    2020
    $2,057
    $243,390
    $0.00
    $243,390
    -
    $243,390
    $0.00
    $243,390

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      16215 Nn Fwy

      VACANT COMMERCIAL LAND • 0.17 Acres
      16215 Nn Fwy, Houston, TX 77090-5524
      View Details
    • Value Estimation by Request
      9.11 Acres

      Nn Fwy

      VACANT COMMERCIAL LAND • 9.11 Acres
      Nn Fwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      0.63 Acres

      Darbydale Dr

      VACANT COMMERCIAL LAND • 0.63 Acres
      Darbydale Dr, Houston, TX 77090
      View Details
    • Value Estimation by Request
      0.57 Acres

      Darbydale Dr

      VACANT COMMERCIAL LAND • 0.57 Acres
      Darbydale Dr, Houston, TX 77090
      View Details
    • Value Estimation by Request
      3.29 Acres

      Ella Blvd

      VACANT COMMERCIAL LAND • 3.29 Acres
      Ella Blvd, Houston, TX 77090
      View Details
    • Value Estimation by Request
      0.01 Acres

      Ella Blvd

      VACANT COMMERCIAL LAND • 0.01 Acres
      Ella Blvd, Houston, TX 77090
      View Details

    Similar Nearby for Sale

    • $850,000

      Unrestricted Land with Buildings

      2.43 acres with buildings near I-45 North.
      15903 Estella Ln, Houston, TX 77090
      View Details
    • $1,995,000

      Freestanding Building on High-Traffic Parkway

      13,758 SF building on 2.12 acres in Houston, TX.
      2103 Fm-1960 W, Houston, TX 77090
      View Details
    • $1,750,000

      3.08 Acres in Houston

      Unrestricted land with frontage on Hafer Road, utilities available.
      Hafer Rd, Houston, TX 77090
      View Details
    • Contact for pricing

      Unrestricted Land on Bammel Road

      Unrestricted land with frontage on Bammel Road, utilities available.
      Bammel Rd, Houston, TX 77090
      View Details
    • Contact for pricing

      North Houston Land Opportunity

      Land with easy access to major highways and airport.
      Hafer Rd, Houston, TX 77090
      View Details
    • $2,332,918

      Cleared Land I-45 Frontage

      1.53 acres of cleared land with high-traffic I-45 frontage.
      15651 North Fwy, 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
    • $12 SF/Yr
      15,000 SF

      Ponderosa Square: Houston Office Space

      Prime Houston Office & Medical Suites
      17020 Beaver Springs Dr, Houston, TX 77090
      View Details
    • $20 SF/Yr
      26,986 SF

      Timberdale Medical Office Building

      Houston Medical Office Space Available
      607 Timberdale Ln, Houston, TX 77090
      View Details
    • $18 SF/Yr
      53,066 SF

      Red Oak Atrium Medical Office Space

      Houston Medical Office Building, 11 Suites Available
      17115 Red Oak Dr, Houston, TX 77090
      View Details
    • $24,000
      1,100 SF

      Prime Houston Retail Space

      1,500 SF Available, High Visibility
      210 Airtex Blvd, Houston, TX 77090
      View Details
    • $24 SF/Yr
      98,105 SF

      Prime Medical Office Space in Houston

      8-Story Class A Building, 52,864 SF Available
      800 Peakwood Dr, 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.
    17030 Nanes Dr
    Houston, TX 77090
    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.