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

    17671 Red Oak Dr Houston, TX 77090

    • Commercial real estate
    • 11,075 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8901539
    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

    • Commercial real estate

    Property Details for 17671 Red Oak Dr

    Year built
    2018
    Construction
    METAL FRAME
    Lot size
    2.20 lot acres
    Property size
    11,075 SF
    Property type
    Commercial real estate
    APN
    421850000855
    APU
    421850000855

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,043,000
      Market price range: $272k - $1.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $890,000
      Current use
      MEDICAL BUILDING
      $1,370,000
      Change: +54% Conversion: Easy
      RESTAURANT
      $890,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4518
    Latitude
    30.0269
    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
    $9,179
    $290,397
    $977,276
    $1,267,673
    -
    $290,397
    $977,276
    $1,267,673

    Comparable in this City

    • Value Estimation by Request
      9.55 Acres

      North Fwy

      Multifamily properties • 416,028 SF
      0 North Fwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      25,080 SF

      14755 North Fwy

      Office Properties & Spaces • 25,080 SF
      14755 North Fwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      0.14 Acres

      150 Overland Trl

      COMMERCIAL (GENERAL) • 0.14 Acres
      150 Overland Trl, Houston, TX 77090-4054
      View Details
    • Value Estimation by Request
      3,840 SF

      2234 Cypress Crk Pkwy

      COMMERCIAL (GENERAL) • 3,840 SF
      2234 Cypress Crk Pkwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      4.51 Acres

      17350 Nn Fwy

      COMMERCIAL (GENERAL) • 4.51 Acres
      17350 Nn Fwy, Houston, TX 77090-5010
      View Details
    • Value Estimation
      $535,000
      9,616 SF

      544 Cypress Crk Pkwy

      COMMERCIAL (GENERAL) • 9,616 SF
      544 Cypress Crk Pkwy, Houston, TX 77090-3006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,582 SF

      Houston Medical Building For Sale

      Multi-tenant medical building near HCA Houston Northwest Hospital.
      607 Timberdale Ln, 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
    • $2,727,000
      20,200 SF

      Cypress Creek Medical Office Building

      20,200 SF Medical Office - Houston, TX
      845 Cypress Creek Pkwy, Houston, TX 77090
      View Details
    • $500,000

      Versatile Retail Property For Sale

      Two buildings ideal for retail, daycare, or service operations.
      807 Peakwood Dr, 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
    • $2,950,000
      26,986 SF

      Timberdale Medical Office Building

      Houston medical office, strong tenant mix.
      607 Timberdale Ln, Houston, TX 77090
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      40,268 SF

      Houston Medical Office Building

      Prime Medical Space Available, 156-25,145 SF
      17045 St Edwards Ln, Houston, TX 77090
      View Details
    • Contact for pricing
      96,865 SF

      Westfield Place Retail Center

      Houston Retail Space: 2,040 - 21,600 SF Available
      310 Farm To Market 1960 Rd, Houston, TX 77090
      View Details
    • $9 SF/Yr
      72,878 SF

      Harris County Industrial Spaces

      Manufacturing/Flex/Warehouse Units Available
      220 Barren Springs Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      36,889 SF

      Class A Office Space Available

      Three-story office building with move-in ready suites and controlled access.
      15603 Kuykendahl Rd, Houston, TX 77090
      View Details
    • Contact for pricing
      11,600 SF

      North Houston Freestanding Building

      Freestanding building in North Houston with easy access to I-45.
      Tract 23 North Fwy, Houston, TX 77090
      View Details
    • $16 SF/Yr
      9,456 SF

      Houston Office Space: 9,456 SF

      Prime I-45 Frontage Office, Lease/Sale
      14504 Fwy Service 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.
    17671 Red Oak 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.