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    Property profile & analytics

    28006 High Mdw Rd Tomball, TX 77377

    • Flex space
    • 42,250 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5564801
    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

    • Flex space

    Property Details for 28006 High Mdw Rd

    Year built
    2014
    Construction
    METAL FRAME
    Lot size
    4.22 lot acres
    Property size
    42,250 SF
    Property type
    Flex space
    APN
    1308670010005
    APU
    1308670010005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,137,000
      Market price range: $848k - $1.70M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,220,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6319
    Latitude
    30.0802
    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
    2023
    $61,722
    $1,837,620
    $3,821,367
    $5,658,987
    -
    $1,837,620
    $3,821,367
    $5,658,987

    Comparable in this City

    • Value Estimation
      $685,000
      23,672 SF

      20338 Telge Rd

      LIGHT INDUSTRIAL • 23,672 SF
      20338 Telge Rd, Tomball, TX 77377-6306
      View Details
    • Value Estimation by Request
      18,635 SF

      22502 Park Rd

      LIGHT INDUSTRIAL • 18,635 SF
      22502 Park Rd, Tomball, TX 77377-3900
      View Details
    • Value Estimation by Request
      15,300 SF

      18760 Mueschke Rd

      LIGHT INDUSTRIAL • 15,300 SF
      18760 Mueschke Rd, Tomball, TX 77377
      View Details
    • Value Estimation
      $605,000
      23,140 SF

      16918 Fm 2920th Rd

      LIGHT INDUSTRIAL • 23,140 SF
      16918 Fm 2920th Rd, Tomball, TX 77377-5917
      View Details
    • Value Estimation
      $965,000
      60,258 SF

      11633 Spg Cypress Rd

      LIGHT INDUSTRIAL • 60,258 SF
      11633 Spg Cypress Rd, Tomball, TX 77377-8542
      View Details
    • Value Estimation by Request
      1,200 SF

      18404 Farm To Market 2920

      Flex space • 1,200 SF
      18404 Farm To Market 2920, Tomball, TX 77377
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,800 SF

      Tomball Flex/Industrial Space For Sale

      Flex/industrial space for sale, minutes from 2920 and Grand Parkway.
      22201-22243 Mueschke Rd, Tomball, TX 77377
      View Details
    • $672,000
      4,800 SF

      Shell Condition Industrial Building

      4800 sq ft industrial building in shell condition for sale.
      22205 Mueschke Rd, Tomball, TX 77377
      View Details
    • $989,000

      Unrestricted Land in Growing Tomball

      2.79 acres near SH 249, suitable for various developments.
      18914 Hamish Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      9,800 SF

      Tomball Warehouse with Storage Yard

      9,800 SF warehouse with fenced outside storage in Tomball.
      15028 Boudreaux Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      1,542 SF

      Tomball Warehouse Space Available

      12-building industrial park; flexible lease terms.
      22201-22243 Mueschke Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      7,700 SF

      Tomball Warehouse with Storage Yard

      7,700 SF warehouse with fenced outside storage in Tomball.
      15034 Boudreaux Rd, Tomball, TX 77377
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Tomball Retail/Flex Suites Available

      Retail/flex suites in a highly visible Tomball corridor.
      11703 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      1,750 SF

      Tomball Flex/Industrial Space Available

      Flex/Industrial space available for lease in Tomball, Texas.
      11424 Spring Cypress Rd, Tomball, TX 77377
      View Details
    • $13 SF/Yr
      10,400 SF

      North Eldridge Flex Space Available

      Tomball industrial space, 1,040-2,080 sq ft.
      18207 Eldridge Pkwy, Tomball, TX 77377
      View Details
    • Contact for pricing
      425,360 SF

      NW Houston Warehouse Space Available

      Modern Warehouse, Tomball, TX - 78,000+ SF
      0 Mueschke Rd, Tomball, TX 77377
      View Details
    • Contact for pricing
      10 SF

      28900 SF Industrial Building

      Industrial building available for lease, offering 28900 square feet.
      18107 North Eldridge Pkwy, Tomball, TX 77377
      View Details
    • Contact for pricing
      7,700 SF

      Tomball Warehouse with Storage Yard

      7,700 SF warehouse with fenced outside storage in Tomball.
      15036 Boudreaux Rd, Tomball, TX 77377
      View Details
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    28006 High Mdw Rd
    Tomball, TX 77377
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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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