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    9240 N Sam Houston Pkwy E Humble, TX 77396

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    9240 N Sam Houston Pkwy E Humble, TX 77396

    View on Map
    • Strip malls
    • 35,114 SF
    • 2.75 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail/Medical Space Near Beltway 8 For Lease
    $18 SF/Yr

    Retail/Medical Space Near Beltway 8

    New retail and medical space near Beltway 8.

    9240 N Sam Houston Pkwy E, Humble, TX
    View Listing
    Property ID
    US83-1045706
    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
    $805,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Khanh Le M.D., PLLC / Physician
    • Dr. Randy Chung, M.D. / Physician
    • Health Rising Direct Primary Care / Pediatrician / Physician
    • Texas Digestive Disease Consultants: Humble/Fall Creek / Physician
    • Local Pho / Restaurant

    Property Details for 9240 N Sam Houston Pkwy E

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    2.75 lot acres
    Property size
    35,114 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1399220010001
    APU
    1399220010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,059,000
      Market price range: $458k - $1.18M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $860,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2588
    Latitude
    29.9345
    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
    $51,449
    $2,395,800
    $4,390,494
    $6,786,294
    -
    $2,395,800
    $4,390,494
    $6,786,294

    Comparable in this City

    • Value Estimation
      $645,000
      22,768 SF

      9502 Wilson Rd

      SHOPPING CENTER, STRIP CENTER • 22,768 SF
      9502 Wilson Rd, Humble, TX 77396
      View Details
    • Value Estimation
      $1,030,000
      44,059 SF

      9522 Sam Houston E Pkwy

      SHOPPING CENTER, STRIP CENTER • 44,059 SF
      9522 Sam Houston E Pkwy, Humble, TX 77396-4694
      View Details
    • Value Estimation by Request
      12,956 SF

      14925 Old Humble Rd

      SHOPPING CENTER, STRIP CENTER • 12,956 SF
      14925 Old Humble Rd, Humble, TX 77396-4592
      View Details
    • Value Estimation
      $740,000
      34,650 SF

      3824 Atascocita Rd

      SHOPPING CENTER, STRIP CENTER • 34,650 SF
      3824 Atascocita Rd, Humble, TX 77396-3533
      View Details
    • Value Estimation
      $860,000
      33,235 SF

      8650 Sam Houston E Pkwy

      SHOPPING CENTER, STRIP CENTER • 33,235 SF
      8650 Sam Houston E Pkwy, Humble, TX 77396-4589
      View Details
    • Value Estimation by Request
      14,535 SF

      9025 Sam Houston E Pkwy

      SHOPPING CENTER, STRIP CENTER • 14,535 SF
      9025 Sam Houston E Pkwy, Humble, TX 77396-4399
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,652 SF

      Humble Freestanding Commercial Building For Sale

      Freestanding commercial building with frontage on Beltway 8.
      8221 N Sam Houston Pkwy E, Humble, TX 77396
      View Details
    • Contact for pricing

      Retail Space on Beltway 8

      Retail space for sale at Beltway 8 and Wilson Road.
      9504 N Sam Houston Pkwy E, Humble, TX 77396
      View Details
    • Contact for pricing

      Established Foot Golf Course on 28 Acres

      Operational 18-hole foot golf course with retail storefront.
      2107 N Houston Ave, Humble, TX 77396
      View Details
    • $385,639

      Unrestricted Land with Excellent Frontage

      1.05-ac unrestricted land ideal for industrial, retail, or commercial development.
      14847 Old Humble Rd, Humble, TX 77396
      View Details
    • Contact for pricing
      2,100 SF

      Humble Retail Space For Sale

      Retail property across from Walmart Supercenter, anchored by Enterprise Rental.
      9025 North Sam Houston Pkwy East, Humble, TX 77396
      View Details
    • Contact for pricing

      Land For Sale

      Land available with 39,341 square feet.
      6306 Aldine Bender Rd, Humble, TX 77396
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Humble, Texas

      29,890 SF retail center built in 2007.
      8650 N Sam Houston Pkwy E, Humble, TX 77396
      View Details
    • Contact for pricing
      1,520 SF

      Retail Space Near Humble High

      Retail space in front of Humble High School for lease.
      1701 Wilson Road Ct, Humble, TX 77396
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease on Beltway 8 East.
      9504 N Sam Houston Pkwy E, Humble, TX 77396
      View Details
    • Contact for pricing
      1,012 SF

      Retail Space For Rent

      Retail space available for lease in Humble, Texas.
      14925 Old Humble Rd, Humble, TX 77396
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in Humble, Texas.
      14925 Old Humble Rd, Humble, TX 77396
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease at 3820 Atascocita Road.
      3820 Atascocita Rd, Humble, TX 77396
      View Details
    View Listing
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    Humble, TX 77396
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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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