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    8 Oaktree St Friendswood, TX 77546

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    8 Oaktree St Friendswood, TX 77546

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    • Commercial real estate
    Off-Market
    Property ID
    US82-3687723
    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 real estate

    Property Details for 8 Oaktree St

    Property type
    Commercial real estate

    Description

    This exceptional 16,193 square foot commercial, industrial, and residential lot is situated in the rapidly expanding city of Friendswood, Texas, at 8 Oaktree Street, zip code 77546. Located in Galveston County, this cleared lot presents a remarkable opportunity for developers and investors seeking a prime location for various projects. Its substantial size allows for considerable flexibility in development, accommodating a range of possibilities from single-family homes to larger-scale commercial or industrial ventures. The property's strategic location offers convenient access to major roadways, including The Gulf Freeway and Highway 288, ensuring seamless connectivity to a wealth of amenities, including restaurants, shopping centers, and entertainment venues. The surrounding area boasts a mix of established businesses and services, including animal clinics, dental offices, family practices, a tax office, and an environmental laboratory, creating a vibrant and convenient neighborhood. The quiet and unassuming nature of the location adds to its appeal, offering a balance between accessibility and tranquility. Priced at $400,000, this property represents a compelling investment opportunity in a thriving Texas community. The lot's versatility and prime location make it an attractive proposition for those seeking to capitalize on the growth potential of Friendswood.

    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
    Friendswood
    County
    Galveston
    State
    Texas
    Longitude
    -95.190718
    Latitude
    29.522679

    Comparable in this City

    • $2,260,000

      9.43 Acres in Friendswood

      9.43 acres suitable for self-storage, industrial warehouses.
      15511 Hope Village Rd, Friendswood, TX 77546
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    • $453,150
      1,875 SF

      Luxury Garage Condo Unit

      Premium flex space with mezzanine and balcony in Friendswood, TX.
      4650 Fm 2351 Rd, Friendswood, TX 77546
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      12,500 SF

      Houston Industrial Manufacturing Buildings For Sale

      State-of-the-art industrial development with superior connectivity and manufacturing efficiency.
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    • $130,000

      Cleared Lot For Sale

      Cleared lot available for sale.
      5131 Shady Oaks Ln, Friendswood, TX 77546
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    • $120,000

      Spacious Corner Lot in Friendswood

      Large corner lot in Heritage Estates, ideal for custom home.
      501 Colonial Dr, Friendswood, TX 77546
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      29.37 Acre Friendswood Site

      29.37-acre site in Friendswood, retail and industrial zoning.
      Fm 2351 Rd, Friendswood, TX 77546
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    Similar Nearby for Sale

    • $2,260,000

      9.43 Acres in Friendswood

      9.43 acres suitable for self-storage, industrial warehouses.
      15511 Hope Village Rd, Friendswood, TX 77546
      View Details
    • $453,150
      1,875 SF

      Luxury Garage Condo Unit

      Premium flex space with mezzanine and balcony in Friendswood, TX.
      4650 Fm 2351 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing
      12,500 SF

      Houston Industrial Manufacturing Buildings For Sale

      State-of-the-art industrial development with superior connectivity and manufacturing efficiency.
      15902 Beamer Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Industrial Development Land Available

      18.53 acre site ideal for industrial development.
      15600 Beamer Rd, Friendswood, TX 77546
      View Details
    • $130,000

      Cleared Lot For Sale

      Cleared lot available for sale.
      5131 Shady Oaks Ln, Friendswood, TX 77546
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Buildings with Crane Ready Feature

      Two industrial buildings available for lease, crane ready and sprinklered.
      4401 Rex Rd, Friendswood, TX 77546
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      Industrial Spaces Available For Lease

      Industrial spaces available for lease, totaling 6,500 square feet.
      4402 Rex Rd, Friendswood, TX 77546
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      Industrial Manufacturing Space Available

      New industrial development with manufacturing buildings, delivery Q2 2026.
      15902 Beamer Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Friendswood, Texas.
      101 N Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Mixed-Use Development in Friendswood, TX

      106-acre development with retail, office, hotel, and apartments.
      4000 Fm 528 Rd, Friendswood, TX 77546
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Friendswood, Texas.
      3141 Fm 528 Rd, Friendswood, TX 77546
      View Details
    Request Owner's contact information
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    8 Oaktree St
    Friendswood, TX 77546
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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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    8 Oaktree St, Friendswood, TX, 77546

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