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    9201 Jackrabbit Road, Houston, TX

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    Four freestanding office/warehouse buildings under construction near Highway 6.

    Type:INDUSTRIAL
    Property size:
    8,250 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $165/SF
    Added:
    Jun 23, 2023
    Days on Market:
    1081
    Last Refresh:
    May 20 at 9:43 pm

    Property Features for 9201 Jackrabbit Road

    General Information

    Standard status
    Active
    Size
    8,250 SF
    Lot size
    2.50 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 9201 Jackrabbit Road Contact us

    We can help!

    Listing Contact
    Alex Wisnoski
    Alex Wisnoski

    Listing agent Alex Wisnoski License #465800

    Listing office Texas CRES

    Listing date Jun 23, 2023

    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 Texas CRES

    HighLights

    • Prime location: Minutes from Highway 6 and US Highway 290, less than half a mile from both highways and only 5 miles from Beltway 8.
    • High visibility: Located on the northwest corner of Jackrabbit Road and Cicero Road with significant traffic flow.
    • New construction: Four free‑standing office/warehouse buildings under construction.
    • Secure premises: Fully fenced and gated with owner on site.
    • Easy access: Located in a high‑density area with easy access to freeways and retail.
    • High traffic volume: Over 45,000 vehicles per day on nearby Highway 6.

    Overview

    Four free-standing office/warehouse buildings are under construction for sale or lease in a newly developed business park. The property is located minutes from Highway 6 and US Highway 290. The site is fully fenced and gated, with the owner on site. It offers visibility on the northwest corner of Jackrabbit Road and Cicero Road. The location is less than half a mile from both Highway 290 and Highway 6 and approximately 5 miles from Beltway 8, situated in a high-density area with convenient access to freeways and retail options. Jackrabbit Road experiences an average daily traffic volume exceeding 10,000 vehicles, while nearby Highway 6 sees over 45,000 vehicles per day. The property size is 8250 square feet and is located at 9201 Jackrabbit Road, Houston, TX.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $148.5k $18.00
    − Vacancy −$16.3k −$1.98
    EGI $132.2k $16.02
    − OpEx −$46.3k −$5.61
    NOI $85.9k $10.41
    8,250 SF · lease $18.00/SF/yr · vacancy 11.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,907 @ 7.0% cap · market cap 6.31%
    Second Best
    Warehouse
    $867.5K
    $759.0K – $1.01M (±1% cap)
    NOI $60,723 @ 7.0% cap · market cap 4.46%
    Theoretical Best
    Office A
    $2.12M
    $1.86M – $2.48M (±1% cap)
    NOI $148,500 @ 7.0% cap · market cap 10.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • CubeSmart Self Storage — 13340 Farm to Market 1960 Rd W, Houston, TX 77065
    • Access - Scanning, Records Storage, and Document Management — 13885 Westfair E Dr, Houston, TX 77041
    • Near-By Storage Units — 13345 farm to market 1960 rd w, houston, tx 77065
    • COLLECTOR’S PADDOCK Inc. — 20212 Hempstead Rd #6, Houston, TX 77065
    • Texas Forensic Storage — 8525 Jackrabbit Rd Ste Q, Houston, TX 77095

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.621
    Latitude
    29.9116

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    FAQs

    What type of property is this?
    Warehouse - Four freestanding office/warehouse buildings under construction near Highway 6.
    Where is this warehouse located?
    The property is located at 9201 Jackrabbit Road Houston, TX.
    What is the asking price?
    The asking price for this property is $1,361,250.
    What are key features of this property?
    This property features: Prime location: Minutes from Highway 6 and US Highway 290, less than half a mile from both highways and only 5 miles from Beltway 8.; High visibility: Located on the northwest corner of Jackrabbit Road and Cicero Road with significant traffic flow.; New construction: Four free‑standing office/warehouse buildings under construction.
    (281) 415-1913 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Wisnoski
    Alex Wisnoski
    Real Estate License ID: 465800
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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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