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    13350 Jones Rd Houston, TX 77070

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    For Lease
    Contact for pricing

    High-traffic retail center, multiple spaces available.

    Lot size:
    108,740 SF

    Property Features for 13350 Jones Rd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    108,740 SF
    Total Rate
    135925

    Building Details

    Year Built/Renovated
    1983/1997

    Spaces For Lease

    at 13350 Jones Rd, Houston, TX 77070 Contact us
    Unit Suite 13308

    $18 /Mo

    Size
    2,700 SF
    Contact us
    Unit Suite 10920

    $20 /Mo

    Size
    783 SF
    Contact us
    Unit Suite 13334

    $15 /Mo

    Size
    3,750 SF
    Contact us
    Unit Suite 13380

    $16 /Mo

    Size
    1,950 SF
    Contact us

    We can help!

    Listing Contact
    Jim Bayne
    Jim Bayne

    Listing Agency: Investar Real Estate Services Listing Agent: Jim Bayne

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

    Learn more

    Overview

    Norchester Village, a 108,740 square foot retail center, presents a prime opportunity for businesses seeking high-visibility locations in Harris County. Strategically situated at the corner of Jones and Grant Road, this established center boasts a strong tenant mix including Subway, Habitat for Humanity, Tower Loan, Kuman, Angels World Childcare, and Utopia Massage, among others. Built in 1983 and renovated in 1997, the property offers multiple tenancy options with spaces ranging from 1,340 to 3,750 contiguous square feet, with a minimum divisible space of 1,340 square feet. Ample parking is available with 358 spaces to accommodate customers and employees. Four spaces are currently available, providing immediate occupancy potential for a variety of retail businesses. This well-maintained center benefits from its established presence and high traffic counts, making it an ideal location for businesses seeking strong visibility and a thriving customer base. The property offers a blend of established tenants and opportunities for new businesses to thrive in a vibrant retail environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Habitat for Humanity Northwest ... Charitable Organization Habitat for Humanity ReStore Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5836528
    Latitude
    29.9685107

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, multiple spaces available.
    Where is this retail property located?
    The property is located at 13350 Jones Rd Houston, TX.
    What is the lease rate?
    The lease rate is $15-$20 SF/Yr.
    What are key features of this property?
    This property features: 108,740 square foot retail center in Harris County.; Multiple tenancy with spaces ranging from 1,340 to 3,750 square feet available; four spaces currently available ranging from 783 to 3,750 square feet.; Built in 1983 and renovated in 1997.
    Request Owner's contact information
    13350 Jones Rd Houston, TX 77070
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    Houston, TX 77070
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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
    13350 Jones Rd Houston, TX 77070
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Bayne
    Jim Bayne
    Real Estate License ID: 353979
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