Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Harlem Rd Richmond, TX 77406

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Located in a high-growth area near Grand Parkway and West Airport.

    Property size:
    9,190 SF
    Lot size:
    11.77 Acres

    Property Features for Harlem Rd

    General Information

    Size
    9,190 SF
    Lot size
    11.77 Acres

    We can help!

    Listing Contact
    Shireen Owlia
    Shireen Owlia
    Source: Moodyscre

    Listing Agent: Shireen Owlia

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Richmond, Texas

    This 9190-square-foot retail space is situated at the retail hub of Grand Parkway and West Airport, surrounded by multiple master-planned communities. The location benefits from the explosive residential growth within Fort Bend County, which ranks 3rd for purchasing power within Texas. The property is near William B Travis High, James Bowie Middle School and James C Neill Elementary School, with over 5,500 students attending. Nearby attractions include Messina Hof Harvest Green Winery & Kitchen and the Harvest Green farmer’s market at Village Farm. This location offers an opportunity to work from home in one of the hottest suburbs of Houston.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indigo Housing Development Harvest Green Farm ... Community Garden Harvest Green Farmer's ... Farmers' Market Everything Dental Dentist Terry's A/C & Heating Air Conditioning Contractor

    Map

    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.7147676
    Latitude
    29.6518882

    Nearby Similar for Lease

    • Contact for pricing
      40,000 SF

      Harvest Green Retail Center

      Prime Richmond, TX retail space.
      2310 Harlem Rd, Richmond, TX 77406
      View Details
    • Contact for pricing
      8,250 SF

      Richmond Retail Space Available

      Retail space and pad sites available near Grand Parkway.
      W Grand Pkwy S, Richmond, TX 77406
      View Details
    • Contact for pricing
      23,800 SF

      Aliana Retail Center: Prime Location

      23,800 SF Multi-Tenant Retail/Office Space
      10450 Fm 1464 Rd, Richmond, TX 77407
      View Details
    • $21 SF/Yr
      5,940 SF

      Grand Bellfort Building I

      5,940 SF Flex Space in Richmond, TX
      18120 Bellfort, Richmond, TX 77407
      View Details
    • Contact for pricing
      7,564 SF

      Richmond Retail Center Opportunity

      Kroger-anchored, 2,000 SF available
      8019 Grand Pkwy, Richmond, TX 77469
      View Details
    • $26 SF/Yr
      13,429 SF

      Mega Square Shopping Center: Richmond, TX

      Retail Space Available: I-69 Frontage, High Traffic
      4120 Richmond Pkwy, Richmond, TX 77469
      View Details
    • Contact for pricing
      10,289 SF

      Richmond Lakes Retail Space

      Prime Retail/Restaurant Opportunity in Richmond, TX
      9111 Farm To Market Rd 723, Richmond, TX 77406
      View Details
    • Contact for pricing
      1 SF

      Richmond Retail Center Opportunity

      New Retail Space - Prime Location
      0 Swq Of Fm 359 & Mckinnon Rd, Richmond, TX 77406
      View Details
    • $29 SF/Yr
      19,428 SF

      Richmond Retail Center - Aria Square

      Prime Retail Space in Richmond, TX
      4125 Williams Way Blvd, Richmond, TX 77469
      View Details
    • $2,500 /Mo
      1,650 SF

      Updated Office Space in Richmond

      Charming, updated office space in the heart of Old Town.
      803 Austin St, Richmond, TX 77469
      View Details
    • Contact for pricing
      688,364 SF

      Richmond Retail Opportunity

      High-traffic retail space available
      7 Fm 1464 Rd, Richmond, TX 77407
      View Details
    • Contact for pricing
      3,357 SF

      Retail End Cap Space

      Modern retail space in thriving corridor with high visibility.
      5434 Grand Pkwy, Richmond, TX 77406
      View Details

    FAQs

    What type of property is this?
    Retail space - Located in a high-growth area near Grand Parkway and West Airport.
    Where is this retail space located?
    The property is located at Harlem Rd Richmond, TX.
    What are key features of this property?
    This property features: - Located at the retail hub of Grand Parkway and West Airport.; - Amidst multiple master-planned communities.; - Explosive residential growth within Fort Bend County.
    (281) 640-7693
    Request Owner's contact information
    Harlem Rd Richmond, TX 77406
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Harlem Rd
    Richmond, TX 77406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Harlem Rd Richmond, TX 77406
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shireen Owlia
    Shireen Owlia
    (281) 640-7693
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.