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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24400 Hwy 59th Nus Kingwood, TX 77339-1784

    • Turn key restaurants
    • 10,148 SF
    • 1.77 lot acres
    OFF-MARKET
    Last Sale
    Aug 26, 2020
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2385314
    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

    • Turn key restaurants

    Property Details for 24400 Hwy 59th Nus

    Year built
    2010
    Lot size
    1.77 lot acres
    Property size
    10,148 SF
    Property type
    Turn key restaurants
    APN
    5554-00-00400
    APU
    55540000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $792,000
      Market price range: $793k - $1.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingwood
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2466
    Latitude
    30.0674
    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
    $37,475
    $1,158,478
    $1,416,522
    $2,575,000
    -
    $1,158,478
    $1,416,522
    $2,575,000

    Comparable in this City

    • Value Estimation
      $755,000
      11,756 SF

      23730 Hwy 59th Nus

      RESTAURANT • 11,756 SF
      23730 Hwy 59th Nus, Kingwood, TX 77339-1529
      View Details
    • Value Estimation
      $500,000
      7,354 SF

      23750 Hwy 59th Nus

      RESTAURANT • 7,354 SF
      23750 Hwy 59th Nus, Kingwood, TX 77339-1529
      View Details
    • Value Estimation by Request
      4,220 SF

      25665 Hwy 59th Nus

      RESTAURANT • 4,220 SF
      25665 Hwy 59th Nus, Kingwood, TX 77339-1793
      View Details
    • Value Estimation by Request
      2,916 SF

      25661 Hwy 59th Nus

      RESTAURANT • 2,916 SF
      25661 Hwy 59th Nus, Kingwood, TX 77339-1793
      View Details
    • Value Estimation by Request
      6,648 SF

      25629 Hwy 59th Nus

      RESTAURANT • 6,648 SF
      25629 Hwy 59th Nus, Kingwood, TX 77339-1793
      View Details
    • Value Estimation by Request
      5,568 SF

      4360 Kingwood Dr

      RESTAURANT • 5,568 SF
      4360 Kingwood Dr, Humble, TX 77339-3751
      View Details

    Similar Nearby for Sale

    • 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
    • $600,000
      2,160 SF

      Kingwood Retail Building For Sale

      Restaurant/Storefront, High Traffic Location
      22210 Loop, Houston, TX 77339
      View Details
    • Contact for pricing
      6,600 SF

      Kingwood Retail Investment Opportunity

      High-yield, 100% occupied retail center.
      23692 Hwy 59, Kingwood, TX 77339
      View Details
    • Contact for pricing
      8.50 Acres

      Kingwood Executive Dr Land - 8.5 Acres

      Prime Commercial Land, Houston, TX
      @ Sorters 8.5 Acres Kingwood Executive Dr, Porter, TX 77339
      View Details
    • Contact for pricing
      5.30 Acres

      Houston Commercial Land Tract

      5.3-acre commercial lot in Houston, TX.
      0 Woodford Pl Dr, Houston, TX 77339
      View Details
    • Contact for pricing
      5.40 Acres

      Kingwood Commercial Land - Huge Potential

      5.4 Acres, Flexible Development, Prime Location
      0 Kingwood Executive 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
    • Contact for pricing
      164,565 SF

      876 Kingwood Dr

      Restaurants • 164,565 SF
      876 Kingwood 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
    • $25 SF/Yr
      18,477 SF

      1387 Kingwood Dr

      Lifestyle centers
      1387 Kingwood Dr, Houston, TX 77339
      View Details
    • $24 SF/Yr
      37,000 SF

      Houston Medical Office Space for Lease

      Modern Medical Office Building in Houston, TX
      2665 Royal Frst 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.
    24400 Hwy 59th Nus
    Kingwood, TX 77339-1784
    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.