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

    350 Fm 1959th Rd Houston, TX 77034

    • Office buildings
    • 12,180 SF
    • 3.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2773384
    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

    • Aga Khan Council For Southwest / Church / Mosque
    • Ismaili Jamatkhana - Clear Lake / Church / Mosque
    • Clear Lake Ismaili Jamatkhana / Mosque

    Property Details for 350 Fm 1959th Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    3.54 lot acres
    Property size
    12,180 SF
    Property type
    Office buildings
    APN
    451050000015
    APU
    451050000015

    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
    -95.1798
    Latitude
    29.5982
    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
    $20,285
    $1,152,160
    $894,116
    $2,046,276
    -
    $1,152,160
    $894,116
    $2,046,276

    Comparable in this City

    • Value Estimation
      $875,000
      86,800 SF

      11550 Fuqua St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 86,800 SF
      11550 Fuqua St, Houston, TX 77034-4599
      View Details
    • Value Estimation
      $910,000
      59,324 SF

      811 Fm 1959th Rd

      OFFICE BUILDING • 59,324 SF
      811 Fm 1959th Rd, Houston, TX 77034-5423
      View Details
    • Value Estimation
      $820,000
      44,296 SF

      9920 Gulf Fwy

      OFFICE BUILDING • 44,296 SF
      9920 Gulf Fwy, Houston, TX 77034-1061
      View Details
    • Value Estimation by Request
      30,956 SF

      12301 Kurland Dr

      OFFICE BUILDING • 30,956 SF
      12301 Kurland Dr, Houston, TX 77034-4812
      View Details
    • Value Estimation
      $855,000
      77,912 SF

      12600 Featherwood Dr

      OFFICE BUILDING • 77,912 SF
      12600 Featherwood Dr, Houston, TX 77034-4443
      View Details
    • Value Estimation by Request
      12,539 SF

      365 Fm 1959th Rd

      OFFICE BUILDING • 12,539 SF
      365 Fm 1959th Rd, Houston, TX 77034-5413
      View Details

    Similar Nearby for Sale

    • $5,200,000
      50,000 SF

      Hobby Airport Hotel Redevelopment Opportunity

      136-key hotel, high NOI, redevelopment potential.
      9902 Gulf Fwy, Houston, TX 77034
      View Details
    • $349,000

      Corner Lot with Mobile Office

      Commercial land with visibility, crushed concrete, and mobile office.
      9802 Galveston Rd, Houston, TX 77034
      View Details
    • $699,000

      Prime Land in High-Traffic Area

      Land with high visibility and access to major transportation hubs.
      10421-10423 Hartsook St, Houston, TX 77034
      View Details
    • $3,895,000
      11.06 Acres

      Houston Commercial Land - 11 Acres

      Prime 11-acre commercial lot in Houston, TX.
      0 Kurland Dr, Houston, TX 77034
      View Details
    • Contact for pricing
      43.00 Acres

      Gulf Freeway Industrial Land

      43-Acre Master-Planned Business Park
      14101 Gulf Fwy, Houston, TX 77034
      View Details
    • Contact for pricing
      468,662 SF

      Houston Land with No Restrictions

      Large land parcel ideal for outside industrial storage.
      1026 Genoa Red Bluff Rd, Houston, TX 77034
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,275 SF

      LEED-Platinum Certified Office Building

      Class A office building with excellent visibility and frontage.
      12941 Gulf Fwy, Houston, TX 77034
      View Details
    • $20 SF/Yr
      13,585 SF

      Office Space Available For Rent

      Office space available for lease, totaling 13,585 square feet.
      12301 Kurland Dr, Houston, TX 77034
      View Details
    • Contact for pricing
      59,324 SF

      Ellington Office Building For Lease

      Spacious Office Suites, Gulfstream Park Area
      811 Fm 1959 Rd, Houston, TX 77034
      View Details
    • Contact for pricing
      943,844 SF

      I-45 & Beltway 8 Office Park

      Class A Office Space, Multiple Tenancies Available
      12524 Conklin Ln, Houston, TX 77034
      View Details
    • $25 SF/Yr
      6,000 SF

      Prime Bay Area Office Suite B

      Modern Office Space, Houston, TX
      11044 Bay Commerce Dr, Houston, TX 77034
      View Details
    • Contact for pricing
      27,899 SF

      Gulf Freeway Executive Offices

      Prime Office Suites, Harris County
      14200 Gulf Fwy, Houston, TX 77034
      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.
    350 Fm 1959th Rd
    Houston, TX 77034
    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.