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

    360 Fm 1959th Rd Houston, TX 77034-5414

    • Retail space
    • 8,125 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0382049
    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

    • Sheller Law Firm PLLC / Personal Injury Attorney / Insurance Attorney
    • Moon Insurance / Insurance Agency / Auto Insurance Agency

    Property Details for 360 Fm 1959th Rd

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    0.73 lot acres
    Property size
    8,125 SF
    Property type
    Retail space
    APN
    1116240000012
    APU
    1116240000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $232k - $702k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $455,000
      Current use
      MEDICAL BUILDING
      $520,000
      Change: +14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $510,000
      Change: +12% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $485,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1793
    Latitude
    29.5977
    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
    $11,329
    $380,016
    $598,305
    $978,321
    -
    $380,016
    $598,305
    $978,321

    Comparable in this City

    • Value Estimation
      $230,000
      10,804 SF

      10403 Gulf Fwy

      RETAIL STORES (PERSONAL SERVICES) • 10,804 SF
      10403 Gulf Fwy, Houston, TX 77034-2099
      View Details
    • Value Estimation
      $270,000
      3,135 SF

      12420 Palmsprings Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,135 SF
      12420 Palmsprings Dr, Houston, TX 77034-3855
      View Details
    • Value Estimation
      $295,000
      4,000 SF

      9911 Gulf Fwy

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      9911 Gulf Fwy, Houston, TX 77034-1042
      View Details
    • Value Estimation
      $450,000
      10,500 SF

      9900 Gulf Fwy

      RETAIL STORES (PERSONAL SERVICES) • 10,500 SF
      9900 Gulf Fwy, Houston, TX 77034-1055
      View Details
    • Value Estimation
      $175,000
      650 SF

      10002 Galveston Rd

      RETAIL STORES (PERSONAL SERVICES) • 650 SF
      10002 Galveston Rd, Houston, TX 77034-4616
      View Details
    • Value Estimation
      $275,000
      2,264 SF

      1019 Edgebrook Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,264 SF
      1019 Edgebrook Dr, Houston, TX 77034-1801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      82,148 SF

      Retail Property with Highway Visibility

      Retail property with excellent visibility and easy highway access.
      12505-12563 Gulf Fwy, Houston, TX 77034
      View Details
    • $1,900,000
      7,543 SF

      Restaurant Opportunity in South Houston

      Former Fuddruckers restaurant space for sale in high-traffic location.
      11950 Kurland Dr, Houston, TX 77034
      View Details
    • $5,000,000
      10,780 SF

      Palms Event Center: Houston Investment

      High-Cap Rate Event Venue, Houston TX
      15301 Gulf Fwy, Houston, TX 77034
      View Details
    • Contact for pricing

      Retail Property on Gulf Freeway

      Retail property available for sale on Gulf Freeway, Houston.
      12200 Gulf Fwy, Houston, TX 77034
      View Details
    • $2,100,000
      9,110 SF

      High-Traffic Shopping Center Investment

      Thriving shopping center off I-45 with multiple income streams.
      550 Fm 1959 Rd, Houston, TX 77034
      View Details
    • $5,200,000
      50,000 SF

      Hobby Airport Hotel Redevelopment Opportunity

      136-key hotel, high NOI, redevelopment potential.
      9902 Gulf Fwy, Houston, TX 77034
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    Similar Nearby for Lease

    • Contact for pricing
      1,450 SF

      Retail Space Available For Rent

      Retail space available for lease in Houston, Texas.
      9820 Gulf Fwy, Houston, TX 77034
      View Details
    • $2,000,000
      5,000 SF

      Versatile Retail/Automotive Space Available

      Adaptable space suitable for retail, auto, or office use.
      14222 Gulf Fwy, Houston, TX 77034
      View Details
    • $24 SF/Yr
      4,000 SF

      Retail Space Available For Lease

      Retail space available for lease with 4,000 square feet.
      10222 Gulf Fwy, 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
    • $18 SF/Yr
      20,000 SF

      Retail Space in Edgebrook Plaza

      Neighborhood shopping center with excellent access and visibility.
      10500-10545 Gulf Fwy, Houston, TX 77034
      View Details
    • $1.40 SF/Yr
      5,676 SF

      Retail Space on Gulf Freeway

      Retail space available for lease on Gulf Freeway, Houston.
      12260 Gulf Fwy, Houston, TX 77034
      View Details
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    Houston, TX 77034-5414
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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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