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    17400 Wallisville Rd Houston, TX 77049
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    17400 Wallisville Rd, Houston, TX 77049

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    • Commercial real estate
    • 7.13 lot acres
    For Sale
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    East Houston Industrial Land Tract For Sale
    Contact for pricing
    7.13 Acres

    East Houston Industrial Land Tract

    7.13 acre tract for industrial use, East Houston.

    17400 Wallisville Road, Houston, TX
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    Property ID
    US82-3751073
    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 17400 Wallisville Rd

    Lot size
    7.13 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.13-acre commercial land parcel presents a prime opportunity for industrial development in East Houston. Strategically located at 17400 Wallisville Road in Channelview, Harris County, Texas (zip code 77049), this property boasts convenient access to major transportation arteries, including I-10 East, Beltway 8, and Highway 90. The site is situated within the ETJ (Extra Territorial Jurisdiction) of Houston. Its expansive size offers significant potential for various industrial uses and projects. The property's location ensures excellent visibility and accessibility for businesses seeking a strategic presence in this rapidly growing area of East Houston. The 2024 tax rate is $1.64 per $100 of assessed value. Access to Newton Road further enhances the property's logistical advantages. Serious inquiries are encouraged to discuss pricing and explore the possibilities this exceptional land offering presents. The property is located at 29.820575 latitude and -95.109685 longitude.

    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
    -95.109685
    Latitude
    29.820575

    Comparable in this City

    • $310,000

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    • $125,000

      Land with Redevelopment Potential

      Expansive lot with existing structure awaiting transformation.
      12914 Gladden Dr, Houston, TX 77049
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      605,484 SF

      Houston Ship Channel Industrial Opportunity

      13.9-acre industrial site near Port of Houston.
      15134 Beaumont Hwy, Houston, TX 77049
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      Highway 90 Development Site

      30.25 acres with highway frontage in Northeast Houston.
      90 Hwy Rd, Houston, TX 77049
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    Similar Nearby for Sale

    • $310,000

      Commercial Land with High Visibility

      Spacious land tract with frontage, visibility, and easy access.
      16119 Moore Rd, Houston, TX 77049
      View Details
    • $125,000

      Land with Redevelopment Potential

      Expansive lot with existing structure awaiting transformation.
      12914 Gladden Dr, Houston, TX 77049
      View Details
    • Contact for pricing
      605,484 SF

      Houston Ship Channel Industrial Opportunity

      13.9-acre industrial site near Port of Houston.
      15134 Beaumont Hwy, Houston, TX 77049
      View Details
    • Contact for pricing

      Highway 90 Development Site

      30.25 acres with highway frontage in Northeast Houston.
      90 Hwy Rd, Houston, TX 77049
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land with Mobile Office

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      21 SF

      Land Available For Lease

      Land available for lease in Houston, Texas.
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      Industrial Outdoor Storage Land Available

      Industrial outdoor storage sites available for lease in Houston, Texas.
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      21,143 SF

      Prime Retail Pad Site Available

      21,143 SF pad site in a strong retail market.
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      Industrial Land for Lease

      35 Acres of IOS Sites Available for Lease
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      Stabilized Yard with Metal Building

      8.25-acre stabilized yard with 1,000 SF metal building for rent.
      9803 Sheldon Rd, Houston, TX 77049
      View Details
    View Listing
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    Houston, TX 77049
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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.

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