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

    6970 Fm 1960th W Rd Houston, TX 77069-3719

    • Strip malls
    • 22,146 SF
    • 4.19 lot acres
    OFF-MARKET
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3678123
    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

    • Phuong-Loan S. Dong, OD / Optometrist
    • Garden Gate Wedding & Rcptn / Wedding Store

    Property Details for 6970 Fm 1960th W Rd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    4.19 lot acres
    Property size
    22,146 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1152820020002
    APU
    1152820020002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $710,000
      Market price range: $369k - $711k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $575,000
      Current use
      WAREHOUSE, STORAGE
      $1,085,000
      Change: +89% Conversion: Difficult
      RETAIL STORES
      $1,030,000
      Change: +80% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5335
    Latitude
    29.9695
    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
    $31,846
    $3,285,288
    $629,520
    $3,914,808
    -
    $3,285,288
    $629,520
    $3,914,808

    Comparable in this City

    • Value Estimation
      $945,000
      26,626 SF

      6500 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 26,626 SF
      6500 Fm 1960th W Rd, Houston, TX 77069-3904
      View Details
    • Value Estimation
      $715,000
      34,122 SF

      5050 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 34,122 SF
      5050 Fm 1960th W Rd, Houston, TX 77069-4522
      View Details
    • Value Estimation
      $670,000
      37,457 SF

      4714 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 37,457 SF
      4714 Fm 1960th W Rd, Houston, TX 77069-4634
      View Details
    • Value Estimation
      $525,000
      24,080 SF

      6911 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 24,080 SF
      6911 Fm 1960th W Rd, Houston, TX 77069-3701
      View Details
    • Value Estimation
      $745,000
      40,887 SF

      5119 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 40,887 SF
      5119 Fm 1960th W Rd, Houston, TX 77069-4504
      View Details
    • Value Estimation
      $580,000
      20,422 SF

      6608 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 20,422 SF
      6608 Fm 1960th W Rd, Houston, TX 77069-3910
      View Details

    Similar Nearby for Sale

    • $766,656

      Retail/Restaurant/Office/Industrial Site For Sale

      Versatile 0.88 acre site suitable for retail, service, or mixed-use.
      6013 W Fm 1960 Rd, Houston, TX 77069
      View Details
    • Contact for pricing
      26,750 SF

      Retail/Industrial Buildings with Showroom

      Two well-maintained buildings totaling 26,750 SF on 1.52 acres.
      14037 Stuebner Airline Rd, Houston, TX 77069
      View Details
    • $810,000

      Corner Land Parcel For Sale

      Corner land parcel with frontage on Stuebner Airline Road.
      14101 Stuebner Airline Rd, Houston, TX 77069
      View Details
    • $600,000

      Two Four-Plex Buildings For Sale

      Two four-plex buildings on over half an acre.
      6123 Fm 1960 Rd W, Houston, TX 77069
      View Details
    • $147,000

      Updated Condo in Gated Community

      Updated 2-bedroom, 2-bath condo with community amenities.
      14555 Wunderlich Dr, Houston, TX 77069
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    • $115,000

      Land For Sale

      Land available for purchase.
      14777 Wunderlich Dr, Houston, TX 77069
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      8,056 SF

      Prime Retail Space, Houston, TX

      High-traffic location, 1,800 sq ft available.
      5950 Fm 1960 Rd, Houston, TX 77069
      View Details
    • $12 SF/Yr
      16,211 SF

      Champions Forest Retail Space

      8,800 SF Retail Space Available
      6265 Farm To Market 1960 Rd, Houston, TX 77069
      View Details
    • Contact for pricing
      35,415 SF

      Houston Retail Space - FM 1960

      Prime Houston retail space available.
      4534 Farm To Market 1960 Rd, Houston, TX 77069
      View Details
    • Contact for pricing
      71,530 SF

      Chelsea Commons: Retail Center Investment

      FM 1960 Retail Center, 18 Suites Available
      4950 Farm To Market 1960 Rd, Houston, TX 77069
      View Details
    • Contact for pricing
      10,832 SF

      Retail Space in High-Traffic Area

      Retail space in Houston's established North Oaks retail corridor.
      4425 Fm 1960 Rd, Houston, TX 77069
      View Details
    • Contact for pricing
      1,906 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      4407-4485 W Fm 1960 Rd, Houston, TX 77069
      View Details
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    Houston, TX 77069-3719
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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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