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    811 Fm 1959 Rd Houston, TX 77034
    Property profile & analytics

    811 Fm 1959 Rd Houston, TX 77034

    View on Map
    • Office buildings
    • 59,324 SF
    • 5.99 lot acres
    For Lease
    $910,000
    View Listing →
    Two-Story Office Building For Lease For Lease
    $910,000
    20,000 SF

    Two-Story Office Building For Lease

    Two-story office building with natural light, available September 2024.

    811 FM1959, Houston, TX 77034
    View Listing
    Property ID
    US82-4639869
    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
    $910,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • S&B / Engineer

    Property Details for 811 Fm 1959 Rd

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    5.99 lot acres
    Property size
    59,324 SF
    Property type
    Office buildings
    APN
    1176900010001
    APU
    1176900010001

    Description

    This attractive two-story, Class B office building, totaling 59,324 square feet, offers multiple tenancy options in a quiet, tree-lined setting. Built in 1982, the property boasts 200 parking spaces, a gated and secure parking lot, and a convenient loading dock for efficient bulk deliveries. The building features abundant natural light throughout. Currently, there are 20,000 square feet of vacant space available, with suites ranging from a minimum of 2,000 square feet to a maximum contiguous space of 13,000 square feet. Leasing opportunities begin September 2024. The property is ideally situated near the Gulf Freeway and Ellington Field, offering excellent accessibility. Below-market rental rates and attractive lease incentives are available. The 5.99-acre site provides ample space and a tranquil environment. This property presents a unique opportunity for businesses seeking efficient, well-located office space at competitive rates. Inquire for specific lease terms and pricing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $746,000
      Market price range: $238k - $1.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,225,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1793
    Latitude
    29.5912
    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
    $41,761
    $2,608,720
    $934,538
    $3,543,258
    -
    $2,608,720
    $934,538
    $3,543,258

    Comparable in this City

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    • Value Estimation
      $705,000
      49,227 SF

      12727 Featherwood Dr

      OFFICE BUILDING • 49,227 SF
      12727 Featherwood Dr, Houston, TX 77034-4907
      View Details
    • Value Estimation
      $655,000
      30,543 SF

      12611 Fuqua St

      OFFICE BUILDING • 30,543 SF
      12611 Fuqua St, Houston, TX 77034-4646
      View Details
    • Value Estimation by Request
      16,460 SF

      12550 Fuqua St

      OFFICE BUILDING • 16,460 SF
      12550 Fuqua St, Houston, TX 77034-4600
      View Details
    • Value Estimation by Request
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      1135 Edgebrook Dr

      OFFICE BUILDING • 12,015 SF
      1135 Edgebrook Dr, Houston, TX 77034-1841
      View Details
    • Value Estimation
      $820,000
      44,296 SF

      9920 Gulf Fwy

      OFFICE BUILDING • 44,296 SF
      9920 Gulf Fwy, Houston, TX 77034-1061
      View Details

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      Red Roof Inn & Suites

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      Restaurant Opportunity in South Houston

      Former Fuddruckers restaurant space available for sale in Houston.
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      Pad Site on Hard Corner

      Commercial land suitable for retail or office development.
      Genoa Red Bluff Rd, Houston, TX 77034
      View Details
    • Contact for pricing

      Land on Corner Lot

      Approximately 2.6 acres available on a corner lot.
      East Sam Houston Pkwy S, Houston, TX 77034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Featherwood Office Building For Lease

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      View Details
    • Contact for pricing

      Featherwood Office Building For Lease

      Two-story office building in Southeast Houston with flexible leasing opportunities.
      12727 Featherwood Dr, Houston, TX 77034
      View Details
    • $24 SF/Yr
      2,419 SF

      Houston Office Space For Rent

      Office space for rent in Southeast Houston, Texas.
      12621 Featherwood Dr, Houston, TX 77034
      View Details
    • Contact for pricing

      Two-Story Office Building For Lease

      Two-story office building with natural light, available September 2024.
      811 Fm 1959 Rd, Houston, TX 77034
      View Details
    • $21 SF/Yr
      13,000 SF

      Two-Story Office Building For Rent

      Two-story office building with abundant natural light near NASA.
      811 Fm 1959 Rd, Houston, TX 77034
      View Details
    • Contact for pricing
      83,637 SF

      Class B Office Building

      Class B office building with efficient floor plans and conference room.
      11550 Fuqua St, Houston, TX 77034
      View Details
    View Listing
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    Houston, TX 77034
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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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