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

    710 Lawrence St Tomball, TX 77375-0044

    • Medical offices
    • 3,080 SF
    • 3.14 lot acres
    OFF-MARKET
    Last Sale
    May 14, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3932251
    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

    • Martin Diagnostic Clinic / Medical Laboratory
    • Dr. Earl E. Martin, DO / Pediatrician / Physician
    • DM Clinical Research - MDC / Medical Clinic
    • Earl Francis Martin / Pediatrician / Physician

    Property Details for 710 Lawrence St

    Year built
    1983
    Construction
    BRICK
    Lot size
    3.14 lot acres
    Property size
    3,080 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1240010010002
    APU
    1240010010002

    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
    -95.6266
    Latitude
    30.0868
    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
    $17,716
    $632,502
    $1,127,215
    $1,759,717
    -
    $632,502
    $1,127,215
    $1,759,717

    Comparable in this City

    • Value Estimation
      $1,050,000
      14,007 SF

      13500 Medical Complex Dr

      MEDICAL BUILDING • 14,007 SF
      13500 Medical Complex Dr, Tomball, TX 77375-6545
      View Details
    • Value Estimation
      $1,430,000
      21,536 SF

      13406 Medical Complex Dr

      MEDICAL BUILDING • 21,536 SF
      13406 Medical Complex Dr, Tomball, TX 77375-3332
      View Details
    • Value Estimation by Request
      2,240 SF

      13414 Medical Complex Dr

      MEDICAL BUILDING • 2,240 SF
      13414 Medical Complex Dr, Tomball, TX 77375-6470
      View Details
    • Value Estimation by Request
      1,416 SF

      13414 Medical Complex Dr

      MEDICAL BUILDING • 1,416 SF
      13414 Medical Complex Dr, Tomball, TX 77375-6470
      View Details
    • Value Estimation by Request
      1,800 SF

      13414 Medical Complex Dr

      MEDICAL BUILDING • 1,800 SF
      13414 Medical Complex Dr, Tomball, TX 77375-6470
      View Details
    • Value Estimation by Request
      1,752 SF

      13414 Medical Complex Dr

      MEDICAL BUILDING • 1,752 SF
      13414 Medical Complex Dr, Tomball, TX 77375-6470
      View Details

    Similar Nearby for Sale

    • $575,000
      1,820 SF

      Renovated Tomball Building on Main

      Fully renovated building suitable for retail, medical, or office tenants.
      819 E Main St, Tomball, TX 77375
      View Details
    • $3,820,000
      10,190 SF

      Village Green Medical Office Investment

      Texas Medical Office Building - 100% Occupancy
      13233 Medical Complex Dr, Tomball, TX 77375
      View Details
    • $375,000
      1,250 SF

      Office Suite in The Woodlands

      Office suite for sale in The Woodlands, Texas.
      25420 Kuykendahl Rd, The Woodlands, TX 77375
      View Details
    • $320,000
      1,250 SF

      Tomball Executive Office Condo

      1,250 SF Office Suite - $320K
      25420 Kuykendahl Rd, Tomball, TX 77375
      View Details
    • Contact for pricing
      6,840 SF

      Tomball Business Park For Sale

      Multi-tenant office & industrial space.
      1623 Cherry St, Tomball, TX 77375
      View Details
    • Contact for pricing
      9,200 SF

      Tomball Office/Warehouse For Sale/Lease

      9,200 SF Office & Warehouse in Tomball, TX
      24507 Hufsmith - Kohrville Rd, Tomball, TX 77375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,100 SF

      Tomball Office Space for Lease

      Prime Tomball location, 2950 SF available
      909 Graham Dr, 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
      View Details
    • $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
    • $24 SF/Yr
      29,500 SF

      Texas Medical Office Space for Lease

      Tomball Office Suites - Multiple Sizes Available
      13406 Medical Complex Dr, Tomball, TX 77375
      View Details
    • $24 SF/Yr
      24,460 SF

      Tomball Parkway Retail Space

      High-traffic retail/restaurant space near Walmart.
      27620 Tomball Pkwy, Tomball, TX 77375
      View Details
    • Contact for pricing
      11,561 SF

      Medical/Professional Plaza For Lease

      Medical/Professional Plaza with construction commencing Q1 2025 in The Woodlands.
      23231-23235 Kuykendahl Rd, Tomball, TX 77375
      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.
    710 Lawrence St
    Tomball, TX 77375-0044
    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.