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    4326 Reed Rd Houston, TX 77051
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    4326 Reed Rd Houston, TX 77051

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    • Commercial land
    For Sale
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    Houston Development Site Near TMC For Sale
    Contact for pricing

    Houston Development Site Near TMC

    Development site with access to major Houston thoroughfares.

    4326 Reed Rd, Houston, TX 77051
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    Property ID
    US83-3302675
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 4326 Reed Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Development Site Located in Houston, TX • Close proximity to Texas Medical Center - the largest life sciences destination in the world. With 106,000 employees, 61 institutions, and thousands of volunteers and patient visits, over 160,000 people visit Texas Medical Center each day. Convenient Access To Major Thoroughfares • Strategically located in between Texas Hwy 288 and I-610 • Easy access to I-45 via Reed Rd • Access to Beltway 8 is less than 5 miles from the Property Close Proximity To Houston Metroplex • NRG Park, Hermann Park, and Medical Center are within 6 miles of the Property • Hobby Airport, Rice Village, the Houston Zoo and Bellaire are within 10 miles of the Property • Pearland is 11 miles from the Property

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3632304
    Latitude
    29.6576853

    Comparable in this City

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    • $85,900

      Commercial Lot in Sunnyside, Houston

      Cleared commercial lot ready for development in high-traffic area.
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    • $99,000

      Land in Sunnyside Community

      Land with high visibility in a transforming Houston neighborhood.
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    • $299,000

      Unrestricted Land Near Houston Hubs

      0.8014 acre unrestricted commercial land with high visibility.
      4306 Holmes Rd, Houston, TX 77051
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    Similar Nearby for Sale

    • $250,000

      Cleared Commercial Lot on Cullen

      Unimproved commercial land with frontage on Cullen Boulevard.
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    • $85,900

      Commercial Lot in Sunnyside, Houston

      Cleared commercial lot ready for development in high-traffic area.
      8524 Scott St, Houston, TX 77051
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    • $399,990

      Commercial Land on Main Thoroughfare

      Commercial property suitable for business, retail, office, or housing.
      Reed Rd, Houston, TX 77051
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    • $120,000

      Commercial Land Ready for Development

      Cleared, gated commercial land with utilities available for various uses.
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    Similar Nearby for Lease

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      Corner Lot Mechanic Shop

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      91,125 SF

      Office/Warehouse Space Available for Lease

      Class A office/warehouse with easy highway access.
      2710 Reed Rd, Houston, TX 77051
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    • Contact for pricing
      90,067 SF

      Office/Warehouse Space Available For Rent

      Class A office/warehouse with excellent visibility and abundant parking.
      9258 Park South Vw, Houston, TX 77051
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      46,800 SF

      Class A Office Space Available

      Class A office space with easy highway access and parking.
      2730 Reed Rd, Houston, TX 77051
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      193,838 SF

      Office/Warehouse Space Available For Lease

      Class A office/warehouse space with storefront entry and abundant parking.
      9254 Park South Vw, Houston, TX 77051
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    • Contact for pricing
      130,500 SF

      Industrial Space with Highway Visibility

      Large industrial space with excellent visibility on SH 288.
      2720 Reed Rd, Houston, TX 77051
      View Details
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    Houston, TX 77051
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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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