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    Fm 529 & Hwy 6 Houston, TX 77084

    Sponsored
    For Lease
    Contact for pricing

    Houston Retail Space: 9 Suites Available

    Lot size:
    350,787 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    Copperwood Village, a prime retail and restaurant center in Houston, Texas, presents a unique investment opportunity. Located at the highly trafficked intersection of Hwy. 6 and FM 529 in Harris County (zip code 77084), this property boasts a total of 350,787 square feet across nine individual suites. The center offers flexible space options, with a minimum divisible space of 1,755 square feet and a maximum contiguous space of 26,535 square feet. Currently, 30,778 square feet are available for lease. This presents a significant opportunity for businesses seeking high visibility and accessibility. The property provides ample parking with 1,843 spaces, ensuring convenience for customers and employees. The strategic location at one of the area's busiest intersections guarantees high traffic volume and excellent exposure for tenants. This well-established center is ideal for a variety of retail and restaurant concepts seeking a prominent presence in a thriving Houston market. The property is classified as Commercial, with Multiple Tenancy. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space.

    Property Features for 0 Fm 529 & Hwy 6

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    350,787 SF

    Unit(s) available at that property

    Space
    Suite 3
    Size
    8,400 SF
    Space
    Suite 4
    Size
    5,400 SF
    Space
    Suite 6
    Size
    4,320 SF
    Space
    Suite 26
    Size
    2,702 SF
    Space
    Suite 31
    Size
    2,000 SF
    Space
    Suite 35
    Size
    1,938 SF
    Space
    Suite 38
    Size
    1,755 SF
    Space
    Suite 61A
    Size
    2,254 SF
    Space
    Suite 22
    Size
    2,009 SF

    We can help!

    Listing Contact
    Christi Vinzant

    Learn more

    HighLights

    • 350,787 square feet of retail and restaurant space in Houston, TX.
    • 1,843 parking spaces.
    • Located at the hard corner of Hwy. 6 and FM 529 in Houston (77084), offering high visibility and traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.646313
    Latitude
    29.876634

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    FAQs

    What type of property is this?
    Restaurant - Houston Retail Space: 9 Suites Available
    Where is this restaurant located?
    The property is located at Fm 529 & Hwy 6 Houston, TX.
    What are key features of this property?
    This property features: 350,787 square feet of retail and restaurant space in Houston, TX.; 1,843 parking spaces.; Located at the hard corner of Hwy. 6 and FM 529 in Houston (77084), offering high visibility and traffic.
    Request Owner's contact information
    Fm 529 & Hwy 6 Houston, TX 77084
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    Houston, TX 77084
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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
    Fm 529 & Hwy 6 Houston, TX 77084
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    We can help!
    Listing Contact
    Christi Vinzant
    Real Estate License ID: NY
    Learn more
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