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

    800 Sam Houston N Pkwy Houston, TX 77024

    • Parking lots & garages
    • 136,984 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5553918
    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

    • Artemis Financial SA / Investment Bank
    • New Energy Consulting / Consultant / Engineering Consultant
    • Light Of Islam / Radio Broadcaster
    • Short Steven DC / Chiropractor
    • Huy Nguyen / Acupuncturist

    Property Details for 800 Sam Houston N Pkwy

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    0.84 lot acres
    Property size
    136,984 SF
    Property type
    Parking lots & garages
    APN
    1281720010005
    APU
    1281720010005

    Description

    Parkway I, a two-story, 42,774 square foot traditional office building in the Westchase submarket, offers exceptional space for lease. Located conveniently off Beltway 8 between Deerwood and Briar Forest, this property boasts newly renovated common areas completed in 2021, providing a modern and updated workspace. The building features 21 suites, with available spaces ranging from 504 to 10,599 contiguous square feet; currently, 22,419 square feet are vacant. Amenities include one elevator, covered parking (ratio of 4 spaces per 1000 square feet), and on-site property management. Its prime location offers easy access to major thoroughfares, including City Centre, Town & Country Village, Westheimer, and Richmond, along with convenient ingress and egress to the Sam Houston Tollway (Beltway 8). The building sits on 1.8 acres of land and benefits from its proximity to numerous dining and hotel options. Pricing is available upon request. The building was originally constructed in 1980. Contact us for more information or to schedule a tour.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $508,000
      Market price range: $136k - $634k

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $350,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5622
    Latitude
    29.7818
    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
    $303,603
    $3,658,700
    $4,281,420
    $7,940,120
    -
    $3,658,700
    $4,281,420
    $7,940,120

    Comparable in this City

    • Value Estimation
      $635,000
      221,556 SF

      12802 Queensbury Ln, Unit 692

      PARKING GARAGE, PARKING STRUCTURE • 221,556 SF
      12802 Queensbury Ln, Houston, TX 77024-3930
      View Details
    • Value Estimation by Request
      262,184 SF

      900 Memorial City Way Ste, Unit 800

      PARKING GARAGE, PARKING STRUCTURE • 262,184 SF
      900 Memorial City Way Ste, Houston, TX 77024-2507
      View Details
    • Value Estimation by Request
      287,632 SF

      Memorial City Way

      PARKING GARAGE, PARKING STRUCTURE • 287,632 SF
      Memorial City Way, Houston, TX 77024
      View Details
    • Value Estimation
      $765,000
      291,985 SF

      9820 Gaylord Dr

      PARKING GARAGE, PARKING STRUCTURE • 291,985 SF
      9820 Gaylord Dr, Houston, TX 77024
      View Details
    • Value Estimation
      $565,000
      476,160 SF

      800 Town And Country Blvd

      PARKING GARAGE, PARKING STRUCTURE • 476,160 SF
      800 Town And Country Blvd, Houston, TX 77024-4552
      View Details
    • Value Estimation
      $665,000
      260,820 SF

      909 Frostwood Dr

      PARKING GARAGE, PARKING STRUCTURE • 260,820 SF
      909 Frostwood Dr, Houston, TX 77024-2301
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $33 SF/Yr
      149,309 SF

      Town & Country Office Space

      Office and retail spaces available for lease in Houston.
      10497 Town & Country Way, Houston, TX 77024
      View Details
    • $18 SF/Yr
      1,729 SF

      Retail Space with High Visibility

      Retail space with high visibility and easy highway access.
      3800-3890 S Gessner Rd, Houston, TX 77024
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail spaces available in a densely populated area.
      6002 Antoine Dr, Houston, TX 77024
      View Details
    • Contact for pricing
      6,124 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      5817 Antoine Dr, Houston, TX 77024
      View Details
    • $32 SF/Yr
      15,387 SF

      Katy Freeway Retail Space

      Houston Retail Opportunity: 3,874 SF Available
      7613 Katy Fwy, Houston, TX 77024
      View Details
    • $35 SF/Yr
      2,309 SF

      Retail Space Available For Rent

      Commercial retail space available for rent in Houston, TX.
      2305-2323 Wirt Rd, Houston, TX 77024
      View Details
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    800 Sam Houston N Pkwy
    Houston, TX 77024
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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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