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

    29807 State Hwy 249th, Unit 100 Tomball, TX 77375-4171

    • Garden apartment buildings
    • 14,996 SF
    • 4.43 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4484286
    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

    • Garden apartment buildings

    Property Details for 29807 State Hwy 249th

    Year built
    1997
    Construction
    WOOD FRAME
    Lot size
    4.43 lot acres
    Property size
    14,996 SF
    Property type
    Garden apartment buildings
    APN
    402700019135
    APU
    402700019135

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,050,000
      Market price range: $704k - $1.05M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $845,000
      Current use
      RESTAURANT
      $1,375,000
      Change: +63% Conversion: Difficult
      RETAIL STORES
      $1,075,000
      Change: +27% Conversion: Difficult
      MEDICAL BUILDING
      $1,050,000
      Change: +24% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $965,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $780,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6402
    Latitude
    30.1041
    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
    $124,194
    $1,157,880
    $7,635,079
    $8,792,959
    -
    $1,157,880
    $7,635,079
    $8,792,959

    Comparable in this City

    • Value Estimation
      $2,330,000
      36,660 SF

      920 Lawrence St, Unit 168

      GARDEN APT, COURT APT (5+ UNITS) • 36,660 SF
      920 Lawrence St, Tomball, TX 77375-3358
      View Details
    • Value Estimation
      $2,050,000
      28,080 SF

      9102 Fm 2920th Rd, Unit 288

      GARDEN APT, COURT APT (5+ UNITS) • 28,080 SF
      9102 Fm 2920th Rd, Tomball, TX 77375-8972
      View Details
    • Value Estimation
      $2,015,000
      29,292 SF

      9530 Fm 2920th Rd, Unit 228

      GARDEN APT, COURT APT (5+ UNITS) • 29,292 SF
      9530 Fm 2920th Rd, Tomball, TX 77375-8958
      View Details
    • Value Estimation
      $1,585,000
      23,688 SF

      10810 Spg Cypress Rd, Unit 228

      GARDEN APT, COURT APT (5+ UNITS) • 23,688 SF
      10810 Spg Cypress Rd, Tomball, TX 77375-8613
      View Details
    • Value Estimation
      $1,775,000
      23,941 SF

      8627 Hufsmith Rd, Unit 380

      GARDEN APT, COURT APT (5+ UNITS) • 23,941 SF
      8627 Hufsmith Rd, Tomball, TX 77375-2614
      View Details
    • Value Estimation
      $830,000
      8,008 SF

      327 Hufsmith Rd, Unit 48

      GARDEN APT, COURT APT (5+ UNITS) • 8,008 SF
      327 Hufsmith Rd, Tomball, TX 77375-4386
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      49.69 Acres

      Tomball Commercial Land - 49.69 Acres

      Prime Tomball location, multifamily potential.
      0 Sec Of Sh 249 & Brown Rd, Tomball, TX 77375
      View Details
    • $1,000,000
      1.53 Acres

      Tomball Mixed-Use Investment

      5-unit multifamily, development potential.
      0 Eldridge Pkwy, Tomball, TX 77375
      View Details
    • $2,300,000
      12.00 Acres

      Tomball Acreage with Buildings

      12 Acres, Warehouse, Residence
      11031 Spell Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      2.30 Acres

      ±2.3 Acres Tomball Commercial Land

      Prime Tomball land, ideal for mixed-use development.
      0 Farm To Market 2920, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Development Land

      High-traffic, unrestricted land. Build-to-suit options.
      26000 Tx-249, Tomball, TX 77375
      View Details
    • $3,300,000
      9.23 Acres

      Tomball Residential Land - 9.23 Acres

      Prime Tomball land, ideal multi-family development.
      0 Seq Of Lacey Rd & Hufsmith Kohrville Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,355 SF

      11311 Tomball Pk Dr

      Distribution centers • 20,355 SF
      11311 Tomball Park Dr, Tomball, TX 77375
      View Details
    • Contact for pricing
      13,125 SF

      Hufsmith Kohrville Rd Warehouse

      13,125 SF Warehouse For Lease
      21431 Hufsmith Kohrville Rd, Tomball, TX 77375
      View Details
    • $12 SF/Yr
      15,616 SF

      Tomball Office Warehouse Suites

      Modern Industrial Space Available Now
      503 Hufsmith Rd, Tomball, TX 77375
      View Details
    • $24 SF/Yr
      24,460 SF

      Tomball Parkway Retail Space

      High-traffic retail/restaurant space near Walmart.
      27620 Tomball Pkwy, Tomball, TX 77375
      View Details
    • $32 SF/Yr
      23,742 SF

      Shops at Bauer Landing: Prime Retail

      Texas retail space, multiple units available.
      22610 Fm 2920, The Woodlands, TX 77375
      View Details
    • Contact for pricing
      1,429 SF

      Tomball Office Space For Rent

      Office space available for rent in Tomball, Texas.
      425-425 Holderrieth Blvd, Tomball, TX 77375
      View Details
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    Tomball, TX 77375-4171
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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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