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    8011 W Montgomery Rd Houston, TX 77088

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    8011 W Montgomery Rd Houston, TX 77088

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    • Specialty properties
    • 4,643 SF
    • 1.51 lot acres
    For Sale
    $1,448,000
    View Listing →
    Funeral Home Property on Expansive Land For Sale
    $1,448,000
    6,039 SF

    Funeral Home Property on Expansive Land

    Prime Houston location with redevelopment potential on 65,815 sq.ft. lot.

    8011 W Montgomery Rd, Houston, TX 77088
    View Listing
    Property ID
    US82-3800972
    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

    • Morgan Harris Funeral Home / Social Service Agency
    • Loving Memories Mortuary / Social Service Agency

    Property Details for 8011 W Montgomery Rd

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.51 lot acres
    Property size
    4,643 SF
    Property type
    Specialty properties
    APN
    162660000006
    APU
    162660000006

    Description

    This exceptional commercial property, located at 8011 W Montgomery Rd, Houston, TX 77088, presents a unique investment opportunity. The 65,815 square foot lot houses a 6,039 square foot, single-story, Class C building constructed in 1980. Currently operating as a funeral home, the property offers immediate cash flow potential and existing infrastructure. The property's zoning is commercial, allowing for diverse redevelopment options, including retail, mixed-use, or continued use as a funeral home. Its high-visibility location on W Montgomery Rd provides excellent traffic exposure and ample on-site parking. The property is situated in a rapidly growing area of Harris County, offering strong potential for long-term value appreciation. This one-unit property boasts significant road frontage, making it ideal for a variety of commercial ventures. The asking price is $1,448,000, with an occupancy date of October 6, 2024. This versatile property offers a compelling blend of immediate income potential and significant future development possibilities in a thriving Houston market. The property's size and location make it a rare find for investors seeking a high-impact commercial investment. The APN is 0162660000006.

    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
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4316
    Latitude
    29.8658
    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
    $6,674
    $526,520
    $109,187
    $635,707
    -
    $526,520
    $109,187
    $635,707

    Comparable in this City

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      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,477 SF
      3707 Badger Frst Dr, Houston, TX 77088-7412
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      Isaver Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,265 SF
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      1,500 SF

      2506 Hampton St

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      5003 Maywood Frst Dr

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    • Value Estimation by Request
      2,983 SF

      9922 Montgomery Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,983 SF
      9922 Montgomery Rd, Houston, TX 77088-3149
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,039 SF

      Funeral Home Property on Expansive Land

      Prime Houston location with redevelopment potential on 65,815 sq.ft. lot.
      8011 W Montgomery Rd, Houston, TX 77088
      View Details
    • $1,400,000

      Funeral Home on Expansive Land

      Prime Houston location, ideal for business or redevelopment.
      8011 W Montgomery Rd, Houston, TX 77088
      View Details
    • $135,000

      Residential Land in Developing Area

      10,902 sq ft lot in rapidly developing Highland Heights.
      9409 Irby St, Houston, TX 77088
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,950 SF

      Retail or Restaurant Space Available

      Hard corner lot ideal for retail, restaurant, or professional uses.
      8244 Antoine Dr, Houston, TX 77088
      View Details
    • $18 SF/Yr
      1,300 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and ample parking.
      8102 Antoine Dr, Houston, TX 77088
      View Details
    • Contact for pricing

      Retail Space on Antoine Drive

      Retail space with high visibility and ample parking.
      8244 Antoine Dr, Houston, TX 77088
      View Details
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    Houston, TX 77088
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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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