Add Listing
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

    306 Commerce St Tomball, TX 77375-4432

    • Turn key restaurants
    • 4,125 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3129400
    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

    • MANNA - Bread From Heaven / Bakery / Specialty Food Shop

    Property Details for 306 Commerce St

    Year built
    2020
    Construction
    METAL FRAME
    Lot size
    0.16 lot acres
    Property size
    4,125 SF
    Property type
    Turn key restaurants
    APN
    1195830000001
    APU
    1195830000001

    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
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.617
    Latitude
    30.098
    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
    2020
    $505
    $42,000
    $658,463
    $700,463
    -
    $42,000
    $658,463
    $700,463

    Comparable in this City

    • Value Estimation by Request
      6,075 SF

      28109 State Hwy 249

      RESTAURANT • 6,075 SF
      28109 State Hwy 249, Tomball, TX 77375-6419
      View Details
    • Value Estimation by Request
      2,593 SF

      30042 State Hwy 249

      RESTAURANT • 2,593 SF
      30042 State Hwy 249, Tomball, TX 77375-4013
      View Details
    • Value Estimation
      $505,000
      6,248 SF

      27727 State Hwy 249

      RESTAURANT • 6,248 SF
      27727 State Hwy 249, Tomball, TX 77375-6411
      View Details
    • Value Estimation by Request
      2,195 SF

      9111 Hufsmith Kuykendahl Rd

      RESTAURANT • 2,195 SF
      9111 Hufsmith Kuykendahl Rd, Tomball, TX 77375-5248
      View Details
    • Value Estimation by Request
      5,799 SF

      28900 State Hwy 249

      RESTAURANT • 5,799 SF
      28900 State Hwy 249, Tomball, TX 77375-4241
      View Details
    • Value Estimation
      $615,000
      12,427 SF

      24503 State Hwy 249

      RESTAURANT • 12,427 SF
      24503 State Hwy 249, Tomball, TX 77375-8212
      View Details

    Similar Nearby for Sale

    • $875,000

      Tomball Commercial Property For Sale

      Income-producing commercial property leased to DeNovo Coffee Company.
      520 W Main St, Tomball, TX 77375
      View Details
    • Contact for pricing
      14,912 SF

      Tomball Renovated Campus For Sale

      Renovated campus in Tomball on over 2 acres.
      1222 W Main St, Tomball, TX 77375
      View Details
    • Contact for pricing
      12,148 SF

      Tomball Corner Property For Sale

      Renovated Tomball property with office, classrooms, and multi-purpose space.
      1226 W Main St, Tomball, TX 77375
      View Details
    • Contact for pricing
      6,600 SF

      Turnkey Sports Bar Business Opportunity

      Operating sports bar business for sale in high-traffic location.
      23227 Snook Ln, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Parkway Commercial Land

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

    Similar Nearby for Lease

    • Contact for pricing

      Tomball Parkway End Cap Retail

      End cap retail space with high income potential.
      27620 Tomball Pkwy, Tomball, TX 77375
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru in high-traffic area.
      25245 Kuykendahl 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

      Tomball Commercial/Industrial Flex Space

      Versatile commercial space in Tomball with flexible use options.
      1599 Hicks St, Tomball, TX 77375
      View Details
    • Contact for pricing

      Retail Space on Kuykendahl Road

      In-line retail space available for lease on Kuykendahl Road.
      25201 Kuykendahl 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
    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.
    306 Commerce St
    Tomball, TX 77375-4432
    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.
    Sign Up Successful!
    You now have access to more from Realmo!