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

    22659 Hwy 59th N Kingwood, TX 77339-4503

    • Medical offices
    • 13,380 SF
    • 5.54 lot acres
    OFF-MARKET
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2387027
    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

    • Medical offices

    Property Details for 22659 Hwy 59th N

    Year built
    2014
    Lot size
    5.54 lot acres
    Property size
    13,380 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    6433-34-00100
    APU
    64333400100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,130,000
      Market price range: $478k - $1.13M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $855,000
      Current use
      OFFICE BUILDING
      $1,620,000
      Change: +89% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,450,000
      Change: +69% Conversion: Difficult
      RESTAURANT
      $1,295,000
      Change: +51% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $920,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $815,000
      Change: -5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $770,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $735,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingwood
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2553
    Latitude
    30.0453
    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
    2024
    $53,535
    $2,084,750
    $1,368,223
    $3,452,973
    -
    $2,084,750
    $1,368,223
    $3,452,973

    Comparable in this City

    • Value Estimation
      $2,670,000
      82,508 SF

      22999 Hwy 59th N

      MEDICAL BUILDING • 82,508 SF
      22999 Hwy 59th N, Kingwood, TX 77339-4412
      View Details
    • Value Estimation
      $680,000
      12,980 SF

      1330 Kingwood Dr

      MEDICAL BUILDING • 12,980 SF
      1330 Kingwood Dr, Humble, TX 77339-3038
      View Details
    • Value Estimation
      $575,000
      9,970 SF

      601 Rockmead Dr

      MEDICAL BUILDING • 9,970 SF
      601 Rockmead Dr, Kingwood, TX 77339-2107
      View Details
    • Value Estimation by Request
      3,653 SF

      1520 Grn Oak Pl Ste B

      MEDICAL BUILDING • 3,653 SF
      1520 Grn Oak Pl Ste B, Humble, TX 77339-2489
      View Details
    • Value Estimation
      $710,000
      11,192 SF

      2815 Lk Houston Pkwy

      MEDICAL BUILDING • 11,192 SF
      2815 Lk Houston Pkwy, Humble, TX 77339-5227
      View Details
    • Value Estimation
      $2,170,000
      40,700 SF

      22751 Professional Dr

      MEDICAL BUILDING • 40,700 SF
      22751 Professional Dr, Kingwood, TX 77339-6021
      View Details

    Similar Nearby for Sale

    • $800,000
      4,650 SF

      Kingwood Medical Office Building

      High-Income Area, 100% Occupied
      1308 Kingwood Dr, Houston, TX 77339
      View Details
    • $800,000
      4,650 SF

      Kingwood Drive Medical/Professional Building

      Single-tenant medical/professional building in Kingwood, TX, 100% occupied.
      1308 Kingwood Dr, Humble, TX 77339
      View Details
    • Contact for pricing
      6,600 SF

      Highway Frontage Retail Investment Property

      Multi-tenant retail property in North Houston with highway frontage.
      23692 Highway 59 North, Humble, TX 77339
      View Details
    • Contact for pricing
      12,216 SF

      Remodeled Office Building in Kingwood

      Remodeled Class B office building in the heart of Kingwood.
      2313 Timber Shadows Dr, Humble, TX 77339
      View Details
    • $1,249,000
      4,605 SF

      Humble Office Space For Sale

      Office space available in Humble, Texas, totaling 4,605 square feet.
      3407 Rivers Edge Trl, Humble, TX 77339
      View Details
    • Contact for pricing
      3.50 Acres

      Houston Commercial Land - 3.5 Acres

      Prime Houston commercial land, ideal for development.
      0 Woodford Pl Dr, Houston, TX 77339
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      48,484 SF

      Kings Crossing Town Center Investment

      Upscale Kingwood retail & office space. Multiple suites available.
      8 Main St, Houston, TX 77339
      View Details
    • $20 SF/Yr
      34,719 SF

      Green Oak Professional Plaza, Humble

      Prime Houston-area office space for lease.
      2300 Greenoak Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      7,500 SF

      Houston Medical Office Suite

      1,206 SF Medical Office Available
      22749 Professional Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      17,944 SF

      Parkway Commons Retail Space

      Houston Retail Center: Multiple Suites Available
      1850 Lake Houston Pkwy, Houston, TX 77339
      View Details
    • $26 SF/Yr
      22,150 SF

      Kingwood Medical Office Space

      Modern medical suites, flexible sizes.
      23051 Kingwood Pl Dr, Houston, TX 77339
      View Details
    • $30 SF/Yr
      21,927 SF

      Kingwood Office & Retail Space

      Prime Kingwood location, flexible suites available
      2714 Lake Houston Pkwy, Houston, TX 77339
      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.
    22659 Hwy 59th N
    Kingwood, TX 77339-4503
    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.