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

    4440 Fm 2351st Rd Friendswood, TX 77546-2566

    • Office buildings
    • 8,025 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9948349
    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

    • ARS Global / Distribution Center / Logistics Company
    • AE Concrete Contractors / Construction Company / General Contractor
    • Diversity in Dance / Training Center
    • AE Seamless Gutters / Hardware & Home Improvement / General Contractor
    • E Squared Marine Service LLC - Admin / Freight Service / Logistics Company

    Property Details for 4440 Fm 2351st Rd

    Year built
    2020
    Construction
    METAL FRAME
    Lot size
    0.90 lot acres
    Property size
    8,025 SF
    Property type
    Office buildings
    APN
    1502690010001
    APU
    1502690010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $983,000
      Market price range: $216k - $1.98M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,150,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Friendswood
    County
    Harris
    State
    Texas
    Longitude
    -95.1875
    Latitude
    29.5536
    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
    $6,882
    $136,910
    $1,106,418
    $1,243,328
    -
    $136,910
    $1,106,418
    $1,243,328

    Comparable in this City

    • Value Estimation
      $1,310,000
      9,158 SF

      1660 Bay Area Blvd

      OFFICE BUILDING • 9,158 SF
      1660 Bay Area Blvd, Friendswood, TX 77546-2640
      View Details
    • Value Estimation
      $3,440,000
      30,815 SF

      4300 Fm 2351st Rd

      OFFICE BUILDING • 30,815 SF
      4300 Fm 2351st Rd, Friendswood, TX 77546-2405
      View Details
    • Value Estimation
      $2,955,000
      87,118 SF

      1560 Bay Area Blvd

      OFFICE BUILDING • 87,118 SF
      1560 Bay Area Blvd, Friendswood, TX 77546-2667
      View Details
    • Value Estimation
      $560,000
      10,060 SF

      4815 Fm 2351st Rd

      OFFICE BUILDING • 10,060 SF
      4815 Fm 2351st Rd, Friendswood, TX 77546-2813
      View Details
    • Value Estimation
      $510,000
      11,808 SF

      3526 Fm 528th Rd

      OFFICE BUILDING • 11,808 SF
      3526 Fm 528th Rd, Friendswood, TX 77546-5014
      View Details
    • Value Estimation
      $1,965,000
      10,386 SF

      4211 Friendswood Link Rd

      OFFICE BUILDING • 10,386 SF
      4211 Friendswood Link Rd, Friendswood, TX 77546-4264
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,563 SF

      Medical Office Building For Sale

      5,563 SF medical office building with long-term tenant.
      1729 S Friendswood Dr, Friendswood, TX 77546
      View Details
    • $1,250,000
      5.66 Acres

      Friendswood Commercial Land

      ±5.66 Acres, High Traffic, Commercial Zoning
      1 Fm 528 Rd, Friendswood, TX 77546
      View Details
    • $2,029,242
      6.65 Acres

      Pearland Commercial Land - 6.65 Acres

      Prime Pearland location, General Business zoning.
      0 Broadway St, Pearland, TX 77546
      View Details
    • $3,878,583
      6.38 Acres

      Friendswood Commercial Land - 6.38 Acres

      Prime 6.38-acre retail site in Friendswood, TX.
      528 At San Joaquin Pkwy, Friendswood, TX 77546
      View Details
    • Contact for pricing
      3 SF

      3-Acre Development Site Available

      3-acre development site with easy access to major highways.
      2907 W Parkwood Ave, Friendswood, TX 77546
      View Details
    • $96,999

      Commercial Lot in Prime Location

      Commercial land with frontage near main commercial streets.
      A/K/A Edgewood Dr, Friendswood, TX 77546
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      1,200 SF

      Friendswood Office Suites Available

      Prime Office Space, Multiple Sizes
      820 Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing
      60,000 SF

      Barras Business Park Offices for Lease

      Friendswood, TX Office Space Available
      1305 Parkwood Ave, Friendswood, TX 77546
      View Details
    • Contact for pricing
      19,445 SF

      City Center Retail Space

      Friendswood, TX retail opportunity
      0 Fm 528 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing
      2,400 SF

      Friendswood Office Space Available

      Modern Office Suites, 1,000-1,400 sq ft
      306 Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing
      105,800 SF

      Friendswood Office Space for Lease

      Class A Office Building, 94,850 SF Available
      1715 Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing
      23,330 SF

      Friendswood Office Space Available

      Office space available for lease in Friendswood, Texas.
      1500 W Parkwood Ave, Friendswood, TX 77546
      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.
    4440 Fm 2351st Rd
    Friendswood, TX 77546-2566
    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.