Mixed-Use Property with
7715 W Hardy Road, Houston, TX 77022
For Sale
$970,000
A separate two-bedroom residence sits behind the commercial building.
Property Size3,600 SF
Price / SF$269.44
Days on Market121
Property Features for 7715 W Hardy Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Teresa Sanchez · License #0586672
(832) 928-9394
Source:
Arriagarealtytx
Added: Jul 10
Changed: Nov 7
Last Checked: Nov 7 at 7:11PM
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 Keller Williams Realty Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a commercial building operating as a sports bar, with two apartments, and a separate residence at the rear. The home has two bedrooms, each with its own bathroom, plus a kitchen with granite countertops and ample cabinetry. Ceramic tile extends from the kitchen into the living room, while the bedrooms have wood veneer flooring. The property contains 3,600 square feet and was built in 1965.
Key Highlights
- 3,600‑square‑foot mixed‑use property
- Commercial building currently operates as a sports bar and includes 2 apartments
- Separate rear residence with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,404
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,080
$1.1M
Cap Rate 7%
$791,486
$791.5K
Cap Rate 9%
$615,600
$615.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$77.8K $21.60/SF
− Vacancy
−$3.9K −$1.08/SF
EGI
$73.9K $20.52/SF
− OpEx
−$18.5K −$5.13/SF
NOI
$55.4K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,080
Cap Rate 7%
$791,486
Cap Rate 9%
$615,600
Alternative Uses
Best Use
Specialty Retail
$791.5K
$692.6K – $923.4K
NOI $55,404 @ 7.0% cap · market cap 5.71%
Second Best
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$925.7K
$810.0K – $1.08M
NOI $64,800 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Houston
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate two-bedroom residence sits behind the commercial building.
Where is this mixed-use property located?
The property is located at 7715 W Hardy Road Houston, TX.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 3,600‑square‑foot mixed‑use property; Commercial building currently operates as a sports bar and includes 2 apartments; Separate rear residence with 2 bedrooms and 2 bathrooms
