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    17970 Gulf Fwy Friendswood, TX 77546-2723
    Property profile & analytics

    17970 Gulf Fwy Friendswood, TX 77546-2723

    View on Map
    • Automotive properties
    • 49,191 SF
    • 11.04 lot acres
    Off-Market
    Property ID
    US82-5363256
    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
    $3,750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land Rover Clear Lake Service & Parts Center / Auto Repair Shop / Vehicle Inspection Center
    • Jaguar Clear Lake Sales Center / Car Dealership
    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • JLR Clear Lake / Car Dealership
    • Jaguar Clear Lake Service & Parts Center / Auto Repair Shop / Vehicle Inspection Center

    Property Details for 17970 Gulf Fwy

    Year built
    2021
    Construction
    METAL FRAME
    Lot size
    11.04 lot acres
    Property size
    49,191 SF
    Property type
    Automotive properties
    APN
    1409450010001
    APU
    1409450010001

    Description

    This exceptional 9.773-acre commercial land parcel boasts 398.82 feet of frontage on the Gulf Freeway (I-45 South feeder road). Its strategic location sits directly between the off-ramp and on-ramp, providing unparalleled visibility and accessibility for businesses. The property is already platted with the City of Houston, simplifying the development process. Essential utilities, including water and storm drainage, are readily available, minimizing infrastructure costs. This prime location offers significant potential for a variety of commercial ventures, capitalizing on the high volume of traffic along this major thoroughfare. The expansive lot size allows for substantial development opportunities, making it an ideal investment for businesses seeking high visibility and convenient access to a major transportation artery in the thriving Harris County, Texas market. The property is located in Friendswood, TX, zip code 77546, at 17970 Gulf Fwy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,450,000
      Current use
      RESTAURANT
      $4,800,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,380,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Friendswood
    County
    Harris
    State
    Texas
    Longitude
    -95.163
    Latitude
    29.5595
    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
    $152,122
    $4,809,200
    $9,979,562
    $14,788,762
    -
    $4,809,200
    $9,979,562
    $14,788,762

    Comparable in this City

    • Value Estimation
      $3,735,000
      46,313 SF

      17990 Gulf Fwy

      VEHICLE SALES, RENTALS • 46,313 SF
      17990 Gulf Fwy, Friendswood, TX 77546
      View Details
    • Value Estimation
      $3,465,000
      46,052 SF

      18160 Gulf Fwy

      VEHICLE SALES, RENTALS • 46,052 SF
      18160 Gulf Fwy, Friendswood, TX 77546-2722
      View Details
    • Value Estimation
      $1,165,000
      12,215 SF

      18100 Gulf Fwy

      VEHICLE SALES, RENTALS • 12,215 SF
      18100 Gulf Fwy, Friendswood, TX 77546-2722
      View Details
    • Value Estimation
      $2,885,000
      34,184 SF

      18150 Gulf Fwy

      VEHICLE SALES, RENTALS • 34,184 SF
      18150 Gulf Fwy, Friendswood, TX 77546-2722
      View Details
    • Value Estimation by Request
      2,418 SF

      5091 Fm 2351st Rd

      GAS STATION • 2,418 SF
      5091 Fm 2351st Rd, Friendswood, TX 77546-2807
      View Details
    • Value Estimation by Request
      7,528 SF

      4546 Fm 2351st Rd

      AUTO REPAIR, GARAGE • 7,528 SF
      4546 Fm 2351st Rd, Friendswood, TX 77546-2820
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Friendswood Retail Investment Opportunity

      100% occupied, net-leased retail center in Friendswood, Texas.
      1720 South Friendswood Dr, Friendswood, TX 77546
      View Details
    • $5,500,000

      Friendswood Retail Center Investment

      100% occupied, net-leased retail investment property in Friendswood, Texas.
      1720 South Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing
      14,000 SF

      Friendswood Retail Space For Sale

      Retail space available for purchase in Friendswood, Texas.
      4321 Friendswood Link Rd, Friendswood, TX 77546
      View Details
    • $2,260,000

      9.43 Acres in Friendswood

      9.43 acres suitable for self-storage, industrial warehouses.
      15511 Hope Village Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Industrial Development Land Available

      18.53 acre site ideal for industrial development.
      15600 Beamer Rd, Friendswood, TX 77546
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Space Available

      New construction retail space for lease in Friendswood, Texas.
      2114 El Dorado Blvd, Friendswood, TX 77546
      View Details
    • Contact for pricing
      19,445 SF

      Retail Space in Friendswood, TX

      Retail space available for lease in Friendswood, Texas.
      3723 Fm 528 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Retail Space with Development Potential

      Retail space available in updated building with new development nearby.
      212 S Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing
      3,600 SF

      Friendswood Retail and Restaurant Spaces

      Retail, specialty, and restaurant spaces in Friendswood, Texas.
      104 W Parkwood Ave, Friendswood, TX 77546
      View Details
    • $19 SF/Yr

      Retail Space on FM 528

      Retail space available on a major roadway in Friendswood, TX.
      3526 East Fm 528 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing
      123,758 SF

      Kroger-Anchored Retail and Medical Spaces

      Move-in ready spaces in high-traffic location near planned residential development.
      3141 Fm 528 Rd, Friendswood, TX 77546
      View Details
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    Friendswood, TX 77546-2723
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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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