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    2310 Harlem Rd Richmond, TX 77406

    Sponsored
    For Lease
    Contact for pricing

    Prime Richmond, TX retail space.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    The Market Center at Harvest Green offers 40,000 square feet of Class A retail space in two single-story buildings, newly constructed in 2023, located at 2310 Harlem Rd, Richmond, TX 77406, at the intersection of Harlem Rd and John Sharp Drive (aka Owens Rd). Seven spaces are currently available, ranging from 1,500 to 2,970 square feet, ideal for a variety of uses including retail, restaurant, medical, fitness, and office. The property boasts over 260 parking spaces, including EV charging stations, and features end caps with drive-thru and patio options. Situated at the entrance to the Harvest Green community, this location benefits from high foot traffic and visibility, with proximity to James Bowie Middle School (1,224 students) and The DUB Sports Zone. The surrounding area includes over 10,000 residences in Harvest Green, Aliana, and Pecan Grove communities, with a population of over 200,000 within a five-mile radius and an average household income exceeding $120,000 within one mile. The development includes pedestrian-friendly amenities such as benches, planters, and phone charging stations, and is complemented by planned future commercial development within Harvest Green. This exceptional location offers businesses the opportunity to thrive in a rapidly growing, affluent community with strong demographics and convenient access to major retailers including Target, H-E-B, and numerous national brands. The property's design promotes a vibrant atmosphere, making it an attractive destination for both residents and visitors.

    Property Features for 2310 Harlem Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Patio - End cap Suite # 208
    Size
    2,970 SF
    Space
    Suite 206
    Size
    2,250 SF
    Space
    Suite # 203
    Size
    2,250 SF
    Space
    Suite # 201
    Size
    2,550 SF
    Space
    Suite # 202
    Size
    1,875 SF
    Space
    Drive thru - End cap Suite # 200
    Size
    2,550 SF
    Space
    Suite # 300
    Size
    1,500 SF

    We can help!

    Listing Contact
    Imran Bhaidani
    Imran Bhaidani

    Learn more

    HighLights

    • 40,000 SF of Class A retail space in two new (2023) single‑story buildings.
    • Seven available spaces, 1,500 - 2,970 SF, suitable for retail, restaurant, medical, fitness, or office.
    • 260+ parking spaces with EV charging stations; end‑cap spaces offer drive‑thru & patio options.
    • High visibility location at the entrance to Harvest Green, near James Bowie Middle School and The DUB Sports Zone.
    • Strong demographics: Over 10,000 homes nearby, 200,000+ population within 5 miles, and $120,000+ average household income within 1 mile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bambu Desserts & Drinks Bubble Tea Store The Market Center at Harvest ... Shopping Mall Le Luxe Nail ... Nail Salon

    Suggested Use

    Realty agency Gym & Fitness Furniture Store Daycare Center Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.713917
    Latitude
    29.6263596

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    FAQs

    What type of property is this?
    Restaurant - Prime Richmond, TX retail space.
    Where is this restaurant located?
    The property is located at 2310 Harlem Rd Richmond, TX.
    What are key features of this property?
    This property features: 40,000 SF of Class A retail space in two new (2023) single-story buildings.; Seven available spaces, 1,500 - 2,970 SF, suitable for retail, restaurant, medical, fitness, or office.; 260+ parking spaces with EV charging stations; end-cap spaces offer drive-thru & patio options.
    Request Owner's contact information
    2310 Harlem Rd Richmond, TX 77406
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    Richmond, TX 77406
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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
    2310 Harlem Rd Richmond, TX 77406
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    We can help!
    Listing Contact
    Imran Bhaidani
    Imran Bhaidani
    Real Estate License ID: 0693875
    Learn more
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