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    24435 State Hwy 249 Tomball, TX 77375-8468
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    Property profile & analytics

    24435 State Hwy 249, Tomball, TX 77375-8468

    View on Map
    • Strip malls
    • 15,172 SF
    • 4.31 lot acres
    Off-Market
    Property ID
    US82-3259926
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 24435 State Hwy 249

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    4.31 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1245250010001
    APU
    1245250010001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2020 — David P Ellent PLLC — Deed · related $3M · Third Coast Bk Ssb
    Oct 20, 2020 — David P Ellent PLLC — Deed · related $1.4M · Third Coast Bk Ssb
    Jul 14, 2020 — Tomball Integrated Invs LLC — Deed · related $1.8M · Third Coast Bk Ssb
    Oct 7, 2019 — Tomball Integrated Invs LLC Texas Northpointe LLC Grant Deed $1.4M · Third Coast Bk Ssb
    Nov 12, 2018 — Northpointe Crossing LLC — Deed · related $4.1M · Vista Bk
    Nov 17, 2017 — Northpointe Crossing LLC — Deed · related $7M · Vista Bk
    Dec 18, 2014 — Laaco Ltd Silver Bayou LLC Grant Deed · related —
    Oct 21, 2014 — Silver Bayou LLC Eastbourne Northpointe I LP Grant Deed $1.2M · Laaco Ltd
    May 16, 2014 — Moondance INC Eastbourne Northpointe I LP Grant Deed $1.1M · Bancorp South Bank
    Feb 1, 2013 — 318 Tomball Venture LLC Emerus Dev Co LLC Trustees Deed $9.4M · Texas Cap Bk
    Oct 10, 2012 — Emerus Dev Co LLC Eastbourne Northpointe I LP Grant Deed · related —
    Dec 6, 2011 — Arhc Sctmbtx001 LLC Nw Houston Mob II LP Grant Deed · related $45.9M · General Electric Capital Corp
    Apr 25, 2006 — Tomball Phase Land II Eastbourne Northpointe I Grant Deed · related $927k · Stillwater Nat'l Bank & Trust
    — — Northpointe Crossing LLC — Loan Modification · related $4.1M · Vista Bk
    — — Tomball Integrated Invs LLC — Loan Modification · related $1.8M · Third Coast Bk Ssb
    — — Nw Houston Mob II — Deed Of Trust · related $6.5M · Bank Of America NA Bank Of America NA
    — — Arhc Sctmbtx001 LLC — Loan Modification · related —
    — — Northpointe Crossing LLC — Deed Of Trust · related $4.1M · Vista Bk
    — — Northpointe Investors LLC — Deed Of Trust · related $23.5M · Morrow Investors INC
    — — Northpointe Crossing LLC — Deed Of Trust · related $7M · Vista Bk
    — — David P Ellent PLLC — Loan Modification · related $1.4M · Third Coast Bk Ssb
    — — David P Ellent PLLC — Loan Modification · related $3M · Third Coast Bk Ssb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $661,000
      Market price range: $398k - $662k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $525,000
      Current use
      AUTO REPAIR, GARAGE
      $975,000
      Change: +85% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $855,000
      Change: +62% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6068
    Latitude
    30.0378
    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
    $69,713
    $2,815,695
    $6,346,340
    $9,162,035
    -
    $2,815,695
    $6,346,340
    $9,162,035

    Comparable in this City

    • Value Estimation
      $770,000
      26,362 SF

      28301 State Hwy 249

      SHOPPING CENTER, STRIP CENTER
      28301 State Hwy 249, Tomball, TX 77375-6550
      View Details
    • Value Estimation
      $920,000
      39,981 SF

      24922 State Hwy 249

      SHOPPING CENTER, STRIP CENTER
      24922 State Hwy 249, Tomball, TX 77375-7881
      View Details
    • Value Estimation
      $615,000
      17,520 SF

      27910 State Hwy 249

      SHOPPING CENTER, STRIP CENTER
      27910 State Hwy 249, Tomball, TX 77375-6522
      View Details
    • Value Estimation
      $1,020,000
      32,729 SF

      22625 State Hwy 249

      SHOPPING CENTER, STRIP CENTER
      22625 State Hwy 249, Tomball, TX 77375-8284
      View Details
    • Value Estimation by Request
      3,280 SF

      27030 Kuykendahl Rd

      SHOPPING CENTER, STRIP CENTER
      27030 Kuykendahl Rd, Tomball, TX 77375-1980
      View Details
    • Value Estimation
      $565,000
      12,744 SF

      28341 Tomball Pkwy

      SHOPPING CENTER, STRIP CENTER
      28341 Tomball Pkwy, Tomball, TX 77375-3487
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,510 SF

      Modern Retail Center Near Woodlands

      Fully leased, high-traffic retail center built in 2022.
      24026 Kuykendahl Rd, Tomball, TX 77375
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      17,261 SF

      New Class A Retail Center

      Retail center for sale with highway frontage in Houston MSA.
      19003 Windsor Pointe Dr, Tomball, TX 77375
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      Tomball Parkway Commercial Land

      4.52-acre commercial land with frontage on Tomball Parkway.
      Sh 249 / Tomball Pkwy, Tomball, TX 77375
      View Details
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      7,200 SF

      Tomball Parkway Commercial Property

      7,200 SF building on 2.957 acres with highway frontage.
      24030 Tomball Pkwy, Tomball, TX 77375
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      Versatile Property with Income Potential

      Land with residence, repair shop, and parking in Tomball, TX.
      9011-9013 Dowdell Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • $234 SF/Yr
      6,000 SF

      Retail Space in Growing Area

      New retail space with convenient access and generous parking.
      11709 Boudreaux Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Land and Retail Space

      Land and retail spaces available for lease in Tomball.
      26209 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Class A Mixed-Use Business Park

      Class A mixed-use business park in Tomball, TX for lease.
      25115 Fm 2978 Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      1,400 SF retail space with drive-thru on Kuykendahl Rd.
      25245 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Class A Mixed-Use Business Park

      Mixed-use business park with retail, industrial, and flex spaces.
      25155 Fm 2978 Rd, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Retail and Office Spaces

      Retail and office spaces available in high-traffic Tomball location.
      701 E Main St, Tomball, TX 77375
      View Details
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    Tomball, TX 77375-8468
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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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