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    18355 State Highway 249 Houston, TX 77070

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    18355 State Highway 249 Houston, TX 77070

    View on Map
    • Strip malls
    • 68,105 SF
    • 14.21 lot acres
    For Lease
    $1,425,000
    View Listing →
    Prime Retail Space Available For Lease
    $1,425,000
    6,650 SF

    Prime Retail Space Available

    Retail spaces and pad sites available near Willowbrook Mall.

    18355 State Hwy 249, Houston, TX
    View Listing
    Property ID
    US82-3919528
    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

    • Strip malls

    Property Details for 18355 State Highway 249

    Year built
    1993
    Construction
    STEEL & CONCRETE
    Lot size
    14.21 lot acres
    Property size
    68,105 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1183210010001
    APU
    1183210010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,715,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5545
    Latitude
    29.964
    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
    $173,402
    $6,189,310
    $11,516,674
    $17,705,984
    -
    $6,189,310
    $11,516,674
    $17,705,984

    Comparable in this City

    • Value Estimation
      $1,540,000
      71,509 SF

      10914 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 71,509 SF
      10914 Cypress Crk Pkwy, Houston, TX 77070
      View Details
    • Value Estimation
      $540,000
      22,286 SF

      22490 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 22,286 SF
      22490 State Hwy 249, Houston, TX 77070-1529
      View Details
    • Value Estimation
      $820,000
      27,054 SF

      7911 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 27,054 SF
      7911 Fm 1960th W Rd, Houston, TX 77070-1175
      View Details
    • Value Estimation by Request
      19,706 SF

      10801 Spg Cypress Rd

      SHOPPING CENTER, STRIP CENTER • 19,706 SF
      10801 Spg Cypress Rd, Houston, TX 77070-1768
      View Details
    • Value Estimation by Request
      14,976 SF

      10706 Grant Rd

      SHOPPING CENTER, STRIP CENTER • 14,976 SF
      10706 Grant Rd, Houston, TX 77070-4432
      View Details
    • Value Estimation
      $1,175,000
      51,124 SF

      15556 Cutten Rd

      SHOPPING CENTER, STRIP CENTER • 51,124 SF
      15556 Cutten Rd, Houston, TX 77070-4098
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,820 SF

      Houston Walgreens A+ Location For Sale

      High-traffic Houston Walgreens in exclusive retail center.
      15633 Vintage Preserve Pkwy, Houston, TX 77070
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    • $1,600,000

      Cleared Land For Sale

      Cleared, fenced land with income potential as truck parking.
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      6,750 SF

      Retail Space Available For Rent

      Retail spaces ranging from 2,250 to 6,750 SF available.
      10130 Louetta Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      4,685 SF

      Retail Building in Houston Tech Corridor

      Stand-alone retail building in Houston's Technology Corridor for sale.
      19550 Tx-249, Houston, TX 77070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Cy-Fair Plaza

      Neighborhood center in Northwest Houston with high traffic.
      13203 Jones Rd, Houston, TX 77070
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      Retail Space in Spring Cypress

      Retail space for lease in a shopping center anchored by Sprouts.
      22506 Tomball Pkwy, Houston, TX 77070
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      418 SF

      Retail Space in High-Traffic Area

      Retail space in a center catering to a high-income population.
      12340 Jones Rd, Houston, TX 77070
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    • Contact for pricing

      Neighborhood Shopping Center For Lease

      Located in the heart of the Cypress trade area.
      18722 Tx-249, Houston, TX 77070
      View Details
    • Contact for pricing

      Retail Center on Jones Road

      108,740 SF retail center at Jones and Grant Road.
      13350 Jones Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      6,650 SF

      Prime Retail Space Available

      Retail spaces and pad sites available near Willowbrook Mall.
      18355 State Highway 249, Houston, TX 77070
      View Details
    View Listing
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    Houston, TX 77070
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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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