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    17355 Tomball Pkwy Houston, TX 77064

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    For Lease
    Contact for pricing

    Houston Retail Space: High Traffic Area

    Lot size:
    384,858 SF

    Property Features for 17355 Tomball Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    384,858 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1999/2023

    Spaces For Lease

    at 17355 Tomball Pkwy, Houston, TX 77064 Contact us

    We can help!

    Listing Contact
    Keren Gold
    Keren Gold

    Listing Agency: Mishorim Gold Properties Listing Agent: Keren Gold

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

    Learn more

    Overview

    Willowbrook Plaza, located at 17355 Tomball Parkway in Houston, Texas, 77064, presents a prime retail and restaurant opportunity. This Class A center, totaling 384,858 square feet, sits on 41.17 acres of land and boasts 2,653 parking spaces (a generous 6.9 spaces per 1,000 square feet). Built in 1999 and renovated in 2023, the property features multiple tenancies with 11 spaces currently available, ranging from 1,228 to 6,071 square feet. Its strategic location across from the Brookfield-owned Willowbrook Mall ensures high visibility and significant foot traffic. The property benefits from excellent access and high traffic counts on major thoroughfares: Highway 249 (54,371 VPD north of FM 1960 and 22,097 VPD south), and FM 1960 (52,650 VPD east of Highway 249 and 50,375 VPD west). The center features 15 signalized entrances, strategically located on State Highway 249, Mills Road, and N Gessner Drive, maximizing accessibility for customers. This exceptional property offers a rare combination of size, location, and modern amenities, making it an ideal investment for discerning businesses seeking a thriving retail environment in a high-demand area of Houston. Harris County location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.54267889
    Latitude
    29.95384819

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    FAQs

    What type of property is this?
    Restaurant - Houston Retail Space: High Traffic Area
    Where is this restaurant located?
    The property is located at 17355 Tomball Pkwy Houston, TX.
    What are key features of this property?
    This property features: Prime Houston location in a rapidly growing, affluent area with over 307,000 nearby residential units.; High-traffic, strategically located regional destination drawing over 19 million shoppers annually.; Diverse tenant mix including entertainment, home goods, food & beverage, and medical/professional services.
    (407) 636-1266 Call to check price and availability
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    17355 Tomball Pkwy Houston, TX 77064
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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
    17355 Tomball Pkwy Houston, TX 77064
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    Contact for Pricing
    Please call us for current price
    and status of this listing Keren Gold
    Keren Gold
    (407) 636-1266
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