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    27323 Hardy Rd Spring, TX 77373

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Harris County warehouse, 49,000 sqft

    Lot size:
    49,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 49,000-square-foot industrial warehouse, located at 27323 W. Hardy Suite 406 in Spring, Texas, presents a unique opportunity for businesses seeking a versatile and strategically located space. Situated on a spacious 21.47-acre lot in Harris County, this single-tenant property boasts impressive features designed to optimize operational efficiency. The warehouse features a 14-foot door height, accommodating large vehicles and equipment, and a generous 16-foot clearance that slopes to over 25 feet, ideal for diverse storage and operational needs. Year-round comfort is ensured with fully air-conditioned office and warehouse areas. Ample parking is available for staff and visitors. The property offers effortless access to major highways, notably the nearby Highway 99, significantly enhancing logistical efficiency. This property is perfectly suited for dynamic storage and distribution operations, light manufacturing and production, and small to medium-sized businesses requiring flexible and adaptable space. Its location within the thriving Old Town Spring Business Park provides access to a vibrant business community and modern amenities. The seamless integration of office and warehouse space makes this an ideal solution for businesses needing both functions in one location. The property's zip code is 77373.

    Property Features for 27323 Hardy Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,000 SF
    Total Rate
    73500

    Unit(s) available at that property

    Space
    406
    Size
    2,625 SF
    Rate per SF
    $18

    HighLights

    • 49,000‑square‑foot industrial warehouse on a 21.47‑acre lot in Spring, Texas.
    • Single‑tenant occupancy in the Old Town Spring Business Park.
    • 14‑foot door height and 16‑foot to over 25‑foot clear ceiling height.
    • Fully air‑conditioned warehouse and office space.
    • Ample parking and easy access to Highway 99.
    • Located at 27323 W. Hardy Suite 406, Spring, TX 77373.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Green TX Lawn Sprinkler System Contractor Lohman Gunsmith Old ... Gun Shop soderSTRONG Fitness and Nutrition Nutritionist CrossFit Revitalize Gym FCS Sports Performance Sports Complex

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.4210175
    Latitude
    30.0867094

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    FAQs

    What type of property is this?
    Distribution property - Prime Harris County warehouse, 49,000 sqft
    Where is this distribution property located?
    The property is located at 27323 Hardy Rd Spring, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 49,000-square-foot industrial warehouse on a 21.47-acre lot in Spring, Texas.; Single-tenant occupancy in the Old Town Spring Business Park.; 14-foot door height and 16-foot to over 25-foot clear ceiling height.
    Request Owner's contact information
    27323 Hardy Rd Spring, TX 77373
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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
    27323 Hardy Rd Spring, TX 77373
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