Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17414 Northwest Fwy Jersey Village, TX 77040
    Property profile & analytics

    17414 Northwest Fwy, Jersey Village, TX 77040

    View on Map
    • Lifestyle centers
    • 200,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 17414 Northwest Fwy

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Northwest Village offers 200,000 square feet of retail space in a prime Jersey Village, Texas location at 17414 Northwest Fwy, 77040. This multi-tenant shopping center boasts high visibility from Highway 290, experiencing over 200,000 vehicles daily. The property is situated at the northeast corner of Highway 290 and Jones Road, conveniently located one mile west of Beltway 8. Currently, 26,492 square feet of space is available, with units ranging from a minimum of 1,050 square feet to a maximum contiguous space of 6,868 square feet. The center benefits from a strong daytime employee base, with over 70,000 employees within a three-mile radius. Existing tenants include a mix of national brands such as Ross Dress for Less, Harbor Freight, Spec's Liquor, Chick-fil-A, Whataburger, Concentra Urgent Care, Dollar Tree, Subway, Willie G's Restaurant, Los Cucos, AT&T, and Pizza Hut, creating a vibrant and established retail environment. This location in Harris County presents a compelling opportunity for businesses seeking high visibility and access to a substantial customer base. The property is ideal for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jersey Village
    County
    Harris
    State
    Texas
    Longitude
    -95.5823
    Latitude
    29.8907

    Comparable in this City

    • Value Estimation by Request
      5,220 SF

      14640 Northwest Fwy

      Lifestyle centers
      14640 Northwest Fwy, Houston, TX 77040
      View Details
    • Value Estimation by Request
      181,239 SF

      13232 Northwest Fwy

      Lifestyle centers
      13232 Northwest Fwy, Houston, TX 77040
      View Details
    • Value Estimation by Request
      10,562 SF

      13451 Northwest Fwy

      Lifestyle centers
      13451 Northwest Fwy, Houston, TX 77040
      View Details
    • Value Estimation by Request

      10600 Northwest Fwy

      Shopping malls
      10600 Northwest Fwy, Houston, TX 77040
      View Details
    • Value Estimation by Request
      12,000 SF

      7410 Houston Rd

      Neighborhood centers
      7410 Houston Rd, Houston, TX 77040
      View Details
    • Value Estimation
      $1,105,000
      46,717 SF

      13238 Nwnw Fwy

      MINI-MALL
      13238 Nwnw Fwy, Houston, TX 77040-6003
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Restaurant Space For Sale

      Established restaurant property in Northwest Houston with high-visibility frontage.
      5320 Hollister St, Houston, TX 77040
      View Details
    • Contact for pricing
      22,675 SF

      Houston Retail Investment Opportunity

      22,675 SF retail property in a thriving Houston corridor.
      14428 Hempstead Rd, Houston, TX 77040
      View Details
    • $125,000

      Large Shop with RV Space

      Spacious shop with covered drive and RV parking.
      7794 Hillbarn Dr, Houston, TX 77040
      View Details
    • Contact for pricing
      45,500 SF

      Industrial Property in Houston, Texas

      45,500 square foot industrial property available for sale.
      5220 Ted St, Houston, TX 77040
      View Details
    • Contact for pricing

      Beltway 8 Frontage Land

      2.39 AC land with high-visibility Beltway 8 frontage.
      West Sam Houston Pkwy North, Houston, TX 77040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space with Freeway Access

      Retail space with excellent visibility and access from US 290.
      13232 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing

      Northwest Village Retail Space Available

      200,000 SF center with high visibility on Highway 290.
      17414 Northwest Fwy, Jersey Village, TX 77040
      View Details
    • Contact for pricing

      Retail Space in Northwest Houston

      Retail property with high visibility and easy access.
      7840 W Tidwell Rd, Houston, TX 77040
      View Details
    • Contact for pricing

      Retail Space on Northwest Freeway

      Retail space available for lease on Northwest Freeway.
      13147 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing

      Retail Space in Houston Center

      LA Fitness anchored shopping center with high traffic exposure.
      13350 Northwest Fwy, Houston, TX 77040
      View Details
    • Contact for pricing

      Retail Space on Northwest Freeway

      Retail property with excellent visibility and access on Northwest Freeway.
      14121-14191 Northwest Fwy, Houston, TX 77040
      View Details
    Request Owner's contact information
    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.
    17414 Northwest Fwy
    Jersey Village, 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
    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

    Thank You for Inquiry
    17414 Northwest Fwy, Jersey Village, TX, 77040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!