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

    2940 Sam Houston S Pkwy Houston, TX 77042-3604

    • Commercial real estate
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1698575
    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

    • IHOP / American Restaurant / Family Restaurant
    • TenderFix by Noah Schnapp / Chicken Restaurant / Fast Food Restaurant

    Property Details for 2940 Sam Houston S Pkwy

    Lot size
    0.41 lot acres
    Property type
    Commercial real estate
    APN
    1182500010001
    APU
    1182500010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5592
    Latitude
    29.7328
    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
    $6,126
    $538,470
    $42,245
    $580,715
    -
    $538,470
    $42,245
    $580,715

    Comparable in this City

    • Value Estimation by Request
      223,656 SF

      Westheimer Rd. & Wilcrest Dr

      Restaurants • 223,656 SF
      0 Westheimer Rd. & Wilcrest Dr, Houston, TX 77042
      View Details
    • Value Estimation by Request
      0.79 Acres

      11248 Wilcrest Grn Dr

      COMMERCIAL (GENERAL) • 0.79 Acres
      11248 Wilcrest Grn Dr, Houston, TX 77042-4731
      View Details
    • Value Estimation by Request
      1,203 SF

      11191 Westheimer Rd

      Investment properties • 1,203 SF
      11191 Westheimer Rd, Houston, TX 77042
      View Details
    • Value Estimation
      $525,000
      2.87 Acres

      3657 Briarpark Dr

      COMMERCIAL (GENERAL) • 2.87 Acres
      3657 Briarpark Dr, Houston, TX 77042-5264
      View Details
    • Value Estimation by Request
      1,500 SF

      2350 Citywest Blvd

      COMMERCIAL (GENERAL) • 1,500 SF
      2350 Citywest Blvd, Houston, TX 77042
      View Details
    • Value Estimation by Request
      2.00 Acres

      Westpark Dr

      COMMERCIAL (GENERAL) • 2.00 Acres
      Westpark Dr, Houston, TX 77042
      View Details

    Similar Nearby for Sale

    • $120,000
      1,203 SF

      Hoodadak Houston: Turnkey Business

      Established Restaurant, Bank-Owned
      11191 Westheimer Rd, Houston, TX 77042
      View Details
    • Contact for pricing
      2.06 Acres

      Prime Houston Land - Beltway 8

      2.06 Acres, High-Traffic Location, Redevelopment Opportunity
      2900 Sam Houston Pkwy, Houston, TX 77042
      View Details
    • $2,035,166
      2.46 Acres

      Wilcrest Dr Commercial Land - Houston

      2.46 Acres, Prime Commercial Location
      3830 Wilcrest Dr, Houston, TX 77042
      View Details
    • $179,000

      Stylish Condo with Modern Design

      2-bedroom, 2.5-bath condo with updated kitchen in prime location.
      9800 Pagewood Ln, Houston, TX 77042
      View Details
    • $900,000
      3,600 SF

      Parking Lot on Wilcrest Drive

      3,600 SF parking lot with utilities on Wilcrest Drive.
      8200 Wilcrest Dr, Houston, TX 77042
      View Details
    • $99,900

      Gated Condo with Community Amenities

      Spacious 2-bedroom condo with pools and tennis courts.
      10049 Westpark Dr, Houston, TX 77042
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      124,954 SF

      SilverStone Office: Westchase Gem

      Class B Office Space, Westchase District
      2900 Wilcrest Dr, Houston, TX 77042
      View Details
    • Contact for pricing
      1,100 SF

      Westheimer Road Retail Space Available

      Recently renovated retail space for lease at Westheimer Road.
      11820 Westheimer Rd, Houston, TX 77042
      View Details
    • $19 SF/Yr
      118,259 SF

      Westchase Office Building For Lease

      Houston office building with renovated amenities and convenient location.
      11000 Richmond Ave, Houston, TX 77042
      View Details
    • Contact for pricing

      Westheimer Land For Rent

      Land available for rent on Westheimer in Houston, Texas.
      10236 Westheimer Rd, Houston, TX 77042
      View Details
    • $24 SF/Yr
      26,079 SF

      Office Space Near Sam Houston Parkway

      Office space with convenient access to Sam Houston Parkway.
      2930 W Sam Houston Pkwy N, Houston, TX 77042
      View Details
    • Contact for pricing

      Furnished Office Space in Houston

      Fully furnished office space with amenities in Westchase submarket.
      2107 Citywest Blvd, Houston, TX 77042
      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.
    2940 Sam Houston S Pkwy
    Houston, TX 77042-3604
    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.