Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13232 Northwest Fwy Houston, TX 77040

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Houston Shopping Center Space Available

    Lot size:
    181,239 SF

    Property Features for 13232 Northwest Fwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    181,239 SF
    Total Rate
    362478

    Spaces For Lease

    at 13232 Northwest Fwy, Houston, TX 77040 Contact us
    Unit Suite 5762

    $32 /Mo

    Size
    4,000 SF
    Contact us
    Unit Suite 13280E

    $32 /Mo

    Size
    1,200 SF
    Contact us
    Unit Suite 13264

    $32 /Mo

    Size
    2,200 SF
    Contact us

    We can help!

    Listing Contact
    Jason Gaines
    Jason Gaines

    Listing Agency: Sturbridge Commercial Listing Agent: Jason Gaines

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

    Learn more

    Overview

    Northwest Crossing, a vibrant Houston retail center located at 13232 & 13280 Northwest Fwy, 77040, offers exceptional leasing opportunities. This multi-tenant property boasts a total of 181,239 square feet, providing a diverse range of spaces ideal for various retail and restaurant concepts. Currently, there are 17,747 square feet of vacant space available, divisible into units ranging from a minimum of 1,171 square feet to a maximum contiguous space of 4,000 square feet. The property's prime location in Houston, Texas, ensures high visibility and accessibility for businesses seeking a thriving commercial environment. This is an excellent opportunity for businesses looking to establish or expand their presence in a bustling retail hub. The property's strategic location offers convenient access to major transportation routes, ensuring a steady flow of customers. The flexible space options cater to a variety of business needs, making it an attractive proposition for both established brands and emerging enterprises. With its impressive size and strategic location, Northwest Crossing presents a compelling investment opportunity for businesses seeking a prominent presence in the Houston market. Contact us today to learn more about the available spaces and explore the possibilities of establishing your business in this dynamic retail center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Lobster Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.501338
    Latitude
    29.8474946

    Nearby Similar for Lease

    • $1,000 /Mo

      Lantern Bend Medical Plaza

      Lantern Bend Medical Plaza - Newly Renovated and Flexible Lease Terms
      411 Lantern Bend Dr, Houston, TX 77090
      View Details
    • Contact for pricing

      Westchase Westheimer

      Discover many ways to work your way in Democracy Plaza
      10777 Westheimer Ave, Houston, TX 77042
      View Details
    • Contact for pricing

      One Riverway

      Discover many ways to work your way in Democracy Plaza
      777 Post Oak Ln 1 Riverway, Houston, TX 77056
      View Details
    • Contact for pricing

      Willowbrook

      Discover many ways to work your way in Reston Town Center I
      8300 Road Way, Houston, TX 77070
      View Details
    • Contact for pricing

      West Loop

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      2100 West Loop, Houston, TX 77027
      View Details
    • Contact for pricing

      Park Ten Place

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      16225 Park Ten Pl, Houston, TX 77084
      View Details
    • Contact for pricing

      Brookhollow Central III

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      2950 North Loop, Houston, TX 77092
      View Details
    • Contact for pricing

      Gateway I - Airport

      Discover many ways to work your way in Corporate Commons
      3663 Sam Houston Pkwy, Houston, TX 77032
      View Details
    • Contact for pricing

      Echo Lane

      Meet, work or collaborate in our professional Sawgrass Corporate Park business center
      950 Echo Ln, Houston, TX 77024
      View Details
    • Contact for pricing

      Park Row

      Flexible workspace in Las Colinas MacArthur
      1400 Broadfield Blvd, Houston, TX 77084
      View Details
    • Contact for pricing

      Energy Corridor

      Flexible workspace in Las Colinas MacArthur
      11111 Katy Fwy, Houston, TX 77079
      View Details
    • Contact for pricing

      Northbelt Airport

      Flexible workspace in Las Colinas MacArthur
      363 Sam Houston Pkwy, Houston, TX 77060
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Houston Shopping Center Space Available
    Where is this lifestyle center located?
    The property is located at 13232 Northwest Fwy Houston, TX.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Anchored by Target, Burlington, Marshalls, and Planet Fitness.; National restaurant chains including Chick-fil-A, Red Lobster, and Whataburger are tenants.; Excellent visibility and access from US 290/Northwest Freeway.
    Request Owner's contact information
    13232 Northwest Fwy Houston, TX 77040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13232 Northwest Fwy
    Houston, TX 77040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    13232 Northwest Fwy Houston, TX 77040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Gaines
    Jason Gaines
    Real Estate License ID: 518855
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!