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    Property profile & analytics

    601 Main St, Unit 17 Tomball, TX 77375-5537

    • Hotels
    • 6,027 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3756968
    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

    • El Emperador / Restaurant

    Property Details for 601 Main St

    Year built
    1950
    Construction
    BRICK
    Lot size
    0.64 lot acres
    Property size
    6,027 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    352660410015
    APU
    352660410015

    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
    -95.6195
    Latitude
    30.0953
    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
    $4,692
    $224,000
    $208,315
    $432,315
    -
    $224,000
    $208,315
    $432,315

    Comparable in this City

    • Value Estimation
      $870,000
      22,162 SF

      30130 State Hwy 249th, Unit 50

      HOTEL/MOTEL • 22,162 SF
      30130 State Hwy 249th, Tomball, TX 77375-4015
      View Details
    • Value Estimation by Request
      15,324 SF

      1437 Keefer Rd Ofc Rd Ofc, Unit 40

      HOTEL/MOTEL • 15,324 SF
      1437 Keefer Rd Ofc Rd Ofc, Tomball, TX 77375
      View Details
    • Value Estimation
      $605,000
      36,300 SF

      13636 Michel Rd, Unit 55

      HOTEL/MOTEL • 36,300 SF
      13636 Michel Rd, Tomball, TX 77375-6409
      View Details
    • Value Estimation
      $2,325,000
      61,536 SF

      10011 Fm 2920th Rd, Unit 93

      HOTEL • 61,536 SF
      10011 Fm 2920th Rd, Tomball, TX 77375-8916
      View Details
    • Value Estimation by Request
      20,355 SF

      11311 Tomball Park Dr

      Distribution properties • 20,355 SF
      11311 Tomball Park Dr, Tomball, TX 77375
      View Details
    • Value Estimation by Request
      83,200 SF

      16844 Farm To Market 2920

      Distribution properties • 83,200 SF
      16844 Farm To Market 2920, Tomball, TX 77375
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.30 Acres

      ±2.3 Acres Tomball Commercial Land

      Prime Tomball land, ideal for mixed-use development.
      0 Farm To Market 2920, Tomball, TX 77375
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      2.00 Acres

      Tomball Commercial Land Investment

      Unrestricted land, prime location, near Hwy 249
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      Land Near Tomball Regional Center

      Commercial land suitable for light industrial, office, or retail.
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    • $7,250,000
      35,550 SF

      Tomball Retail Center - $7.25M

      Multi-tenant retail center, high occupancy.
      27620 Tx-249, Tomball, TX 77375
      View Details
    • Contact for pricing

      Tomball Development Land

      High-traffic, unrestricted land. Build-to-suit options.
      26000 Tx-249, Tomball, TX 77375
      View Details
    • Contact for pricing

      Unrestricted Land on FM 2978

      Unrestricted land with frontage on FM 2978, ideal for development.
      23806 Hufsmith Kohrville Rd, Tomball, TX 77375
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    Similar Nearby for Lease

    • $27 SF/Yr
      1,089 SF

      Tomball Executive Office Suite

      1,089 sq ft, 9 offices, modern finishes
      11027 Northpointe Blvd, Tomball, TX 77375
      View Details
    • Contact for pricing
      23,122 SF

      New Tomball Medical Plaza

      Modern medical office space for lease.
      23231 Kuykendahl Rd, Tomball, TX 77375
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    • Contact for pricing
      9,200 SF

      Tomball Warehouse with Fenced Yard

      9,200 SF warehouse with office and fenced outside yard.
      24507 Hufsmith Kohrville Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      9,200 SF

      Tomball Executive Office/Warehouse

      9,200 SF Office & Warehouse Space
      24507 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      50,000 SF

      Woodlands Creekside Retail Center

      Tomball, TX: Prime Retail/Medical Space Available
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      View Details
    • Contact for pricing

      Tomball Flex Space For Lease

      Flex space available for lease with quick highway access.
      11701 Holderrieth Rd, Tomball, TX 77375
      View Details
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    601 Main St, Unit 17
    Tomball, TX 77375-5537
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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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