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    Harwin Drive Mixed-Use Facility Title is generated by Realmo AI

    9931 Harwin Drive, Houston, TX

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    Prime location in Houston's Harwin Drive Shopping District.

    Type:INDUSTRIAL
    Property size:
    1,200 SF
    Lot size:
    2.41 Acres
    Added:
    Mar 7, 2025
    Days on Market:
    456
    Last Refresh:
    May 20 at 8:51 pm

    Property Features for 9931 Harwin Drive

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    2.41 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 9931 Harwin Drive Contact us

    We can help!

    Listing Contact
    Polo Sun
    Polo Sun

    Listing agent Polo Sun

    Listing office American SMS Real Estate

    Listing date Mar 7, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of American SMS Real Estate

    HighLights

    • Prime location in the heart of Houston's Harwin Drive Shopping District, the largest wholesale district in the Southern USA.
    • Mixed‑use facility offering retail, office, and warehouse spaces.
    • Easy access to Houston New Chinatown, Houston Downtown, Houston International Airport, and Houston Ocean Port.
    • 100% air‑conditioned building.
    • Ample parking available.
    • Ground floor primarily dedicated to retail space with flexible lease options.

    Overview

    The Zahani 9931 Harwin is a mixed-use facility situated in Houston's Harwin Drive Shopping District. This location offers a blend of retail, office, and warehouse spaces. It is located in the largest wholesale district of the Southern USA, at the center of Harwin Drive and within walking distance of a Chinese supermarket. The facility is one block away from Houston New Chinatown, 10 miles from Houston Downtown, 25 miles from Houston International Airport, and 40 miles from Houston Ocean Port. The building is accessible by public transportation and major highways. The entire building is equipped with air-conditioning systems. A large parking lot is located in front of the building. The ground floor is dedicated to retail, designed to accommodate a variety of business types, and offers flexible lease options. The property is suited for businesses seeking a dynamic and accessible hub. It is ideal for businesses looking to expand their market reach and establish a strong foothold in the region. The property has 1200 square feet of space and is perfectly suited for businesses seeking a dynamic and accessible hub in Houston's thriving Harwin Drive Shopping District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Houston Antique Pawn ... Trade Show Venue Rising Gallery Auction Trade Show Venue Body Language Fashions Big Box & Wholesale Store American Eagle Trading ... (Bike/Boat/Book/etc) Store Vina Plast Inc Factory

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5348
    Latitude
    29.7165

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location in Houston's Harwin Drive Shopping District.
    Where is this mixed-use property located?
    The property is located at 9931 Harwin Drive Houston, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of Houston's Harwin Drive Shopping District, the largest wholesale district in the Southern USA.; Mixed‑use facility offering retail, office, and warehouse spaces.; Easy access to Houston New Chinatown, Houston Downtown, Houston International Airport, and Houston Ocean Port.
    (281) 702-3366 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Polo Sun
    Polo Sun
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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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