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    801 Parkwood Ave Friendswood, TX 77546
    Property profile & analytics

    801 Parkwood Ave Friendswood, TX 77546

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    • Commercial real estate
    • 6.40 lot acres
    Off-Market
    Property ID
    US82-2845947
    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 801 Parkwood Ave

    Lot size
    6.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.395-acre commercial land parcel presents a rare development opportunity in Friendswood, Texas. Situated at 801 W Parkwood Ave, the property boasts approximately 518 feet of frontage along W Parkwood Ave, offering excellent visibility and accessibility. Its strategic location on the southeast side of W Parkwood Ave and S Friendswood Dr places it in close proximity to established retailers, including HEB, ensuring high traffic and consumer visibility. The property is zoned for Community Shopping Center ("CSC") use, making it ideal for a variety of retail developments. This densely populated, high-income submarket offers limited development opportunities, making this a truly unique investment. Utilities are readily available through the City of Friendswood. While development will require detention, the significant advantages of this location outweigh this consideration. The substantial lot size and prime location make this an exceptional opportunity for investors seeking to capitalize on the thriving Friendswood market. Detailed site plans and further information are available upon request. This property is ready for your vision.

    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
    -95.1921355
    Latitude
    29.5041447

    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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    • Contact for pricing

      Industrial Development Land Available

      18.53 acre site ideal for industrial development.
      15600 Beamer Rd, Friendswood, TX 77546
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      Pearland Commercial Land Opportunity

      6.655 acres zoned for general business in Pearland, Texas.
      Broadway St W, Friendswood, TX 77546
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      Fm 528 At San Joaquin Parkway, Friendswood, TX 77546

      Commercial land
      528 At San Joaquin Pkwy, 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
    • 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
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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
      View Details

    Similar Nearby for Lease

    • 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

      Retail Space with Development Potential

      Retail space available in updated building with new development nearby.
      212 S Friendswood Dr, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Industrial Spaces Available For Lease

      Industrial spaces available for lease, totaling 6,500 square feet.
      4402 Rex Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing
      3,600 SF

      Friendswood Retail and Restaurant Spaces

      Retail, specialty, and restaurant spaces in Friendswood, Texas.
      104 W Parkwood Ave, Friendswood, TX 77546
      View Details
    • Contact for pricing
      5,993 SF

      Friendswood Office Space Available

      Office space available for lease in Friendswood, Texas.
      1500 W Parkwood Ave, Friendswood, TX 77546
      View Details
    • Contact for pricing

      New Development Office Space

      Office space available in new mixed-use development.
      306 S Friendswood Dr, Friendswood, TX 77546
      View Details
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    801 Parkwood Ave
    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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