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    13176 Lake Houston Pkwy Houston, TX 77044

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    For Lease
    Contact for pricing

    Houston Retail Center, 1,485 SF Available

    Lot size:
    14,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    425
    This exceptional Class A retail space, located at 13176 W Lake Houston Pkwy, Houston, TX 77044, offers 1,485 square feet in a prime location within the prestigious Summerwood subdivision. The property, built in 2008, is part of the Village Square at Summerwood complex, a single-story building totaling 14,850 square feet and featuring twelve suites. This particular space is an end cap unit, providing excellent visibility and accessibility. The 1.71-acre lot boasts outstanding architecture and identity, situated at a signalized four-way intersection at West Lake Houston Parkway and Timberforest Drive. The minimum divisible space is 1,485 square feet, making it ideal for a variety of retail businesses. The base rent is negotiable, and the estimated NNN expenses are $10.00 per square foot annually (2021 figures). Tenant improvements are also negotiable. This property presents a unique opportunity for businesses seeking high visibility and a strong presence in a thriving community. The property's location provides easy access for customers and excellent exposure to high traffic volume. This is a rare opportunity to secure a space in a well-established and highly desirable retail center.

    Property Features for 13176 Lake Houston Pkwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,850 SF
    Class
    A

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 13176 Lake Houston Pkwy, Houston, TX 77044 Contact us

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    Listing Contact
    Ramsey Chehayeb

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    Property Insight Report

    HighLights

    • 1,485 SF Class A retail space in Houston, TX's Summerwood subdivision.
    • Located in the Village Square at Summerwood, a 14,850 SF single‑story building with twelve suites.
    • End‑cap unit with high visibility at a signalized intersection of W Lake Houston Pkwy and Timberforest Dr.
    • 1.71‑acre lot, built in 2008.
    • Negotiable base rent and tenant improvements; estimated NNN expenses are $10.00/SF annually (2021).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Antonio Quintanilla Dental Office Summerwood Family Clinic Medical Clinic Cura Vita Llc Pharmacy Modern Salon Hair Salon Gregg Ceniza Castillo Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1884289
    Latitude
    29.9239922

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    FAQs

    What type of property is this?
    Retail property - Houston Retail Center, 1,485 SF Available
    Where is this retail property located?
    The property is located at 13176 Lake Houston Pkwy Houston, TX.
    What are key features of this property?
    This property features: 1,485 SF Class A retail space in Houston, TX's Summerwood subdivision.; Located in the Village Square at Summerwood, a 14,850 SF single-story building with twelve suites.; End-cap unit with high visibility at a signalized intersection of W Lake Houston Pkwy and Timberforest Dr.
    Request Owner's contact information
    13176 Lake Houston Pkwy Houston, TX 77044
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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
    13176 Lake Houston Pkwy Houston, TX 77044
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    Ramsey Chehayeb
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