Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    822 Greens Rd Houston, TX 77060

    • Refrigerated & Cold Storages
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RCCG New Life Center / Church

    Property Details for 822 Greens Rd

    Lot size
    5.00 lot acres
    Property type
    Refrigerated & Cold Storages
    Property subtype
    Warehouses

    Description

    This exceptional 5-acre industrial property, located at 822 W. Greens Rd, Houston, TX 77060, offers 217,800 square feet of land zoned for commercial use. The property is classified as Class C and features multiple tenancy options. The site boasts a versatile zoning designation, allowing for a range of industrial uses including manufacturing, flex space, distribution, warehousing, and refrigerated/cold storage. With 217,800 square feet of vacant space available, this property presents a significant opportunity for development or expansion. The property includes readily available power. Its strategic location provides convenient access to I-45 and proximity to George Bush Intercontinental Airport. The high-traffic area of Greens Road sees nearly 13,000 vehicles daily, and the property is surrounded by a residential population exceeding 12,000 within a one-mile radius. The seller is willing to grant easements to facilitate a smooth transition for the buyer. This prime real estate presents a compelling investment opportunity in a thriving Houston location. The APN is 420160000021.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4265
    Latitude
    29.949

    Comparable in this City

    • Value Estimation by Request
      8,466 SF

      16515 Hedgecroft Dr

      Manufacturing properties • 8,466 SF
      16515 Hedgecroft Dr, Houston, TX 77060
      View Details
    • Value Estimation by Request
      5,741 SF

      16629A Hardy Rd

      Distribution properties • 5,741 SF
      16629A Hardy Rd, Houston, TX 77060
      View Details
    • Value Estimation
      $6,485,000
      119,316 SF

      71 Esplanade Blvd

      DISTRIBUTION WAREHOUSE • 119,316 SF
      71 Esplanade Blvd, Houston, TX 77060-1466
      View Details
    • Value Estimation
      $5,965,000
      258,681 SF

      101 Esplanade Blvd

      DISTRIBUTION WAREHOUSE • 258,681 SF
      101 Esplanade Blvd, Houston, TX 77060-3722
      View Details
    • Value Estimation
      $1,095,000
      89,121 SF

      16420 Hardy Rd

      DISTRIBUTION WAREHOUSE • 89,121 SF
      16420 Hardy Rd, Houston, TX 77060-6240
      View Details
    • Value Estimation
      $2,255,000
      103,868 SF

      15935 Sellers Rd

      DISTRIBUTION WAREHOUSE • 103,868 SF
      15935 Sellers Rd, Houston, TX 77060-4539
      View Details

    Similar Nearby for Sale

    • $3,704,778
      5.67 Acres

      Houston Tx

      Land • 5.67 Acres
      0 Houston Tx, Houston, TX 77060
      View Details
    • Contact for pricing
      3.16 Acres

      Houston Commercial Land - 3.16 Acres

      Prime Houston acreage, ideal for diverse development.
      0 Benmar Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      6,548 SF

      Versatile Commercial/Industrial Property in Houston

      6,548 SF improvements on 8.22 acres in North Houston.
      13912 E Hardy Rd, Houston, TX 77060
      View Details
    • Contact for pricing
      10.99 Acres

      10.99 Acres Houston Commercial Land

      Prime Houston industrial land, excellent access.
      14661 Hardy Rd, Houston, TX 77060
      View Details
    • $2,194,335

      Land Available on North Sam

      Land available for sale on North Sam Houston Parkway East.
      North Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • $699,000

      Income-Producing Land with Development Potential

      Income-producing land with multiple lots and development opportunities.
      14811 W Hardy Rd, Houston, TX 77060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      326,086 SF

      Houston Warehouse Space Available

      326,086 SF warehouse space for lease in Houston, TX.
      West Rd, Houston, TX 77060
      View Details
    • Contact for pricing
      6,600 SF

      Rankin Road Office/Warehouse Space

      6,600 SF office/warehouse in Rankin Road business park.
      18519 Imperial Valley Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      10,000 SF

      Houston Warehouse Space Available

      10,000 square foot warehouse space for lease in Houston.
      18527 Imperial Valley Dr, Houston, TX 77060
      View Details
    • $18 SF/Yr
      2,000 SF

      North Freeway Retail Spaces

      Prime Retail, I-45, Two Spaces Available
      12515 North Fwy, Houston, TX 77060
      View Details
    • Contact for pricing
      46,079 SF

      Executive Suites in Houston, TX

      Prestigious office space, flexible sizes, ample parking.
      519 Sam Houston Pkwy, Houston, TX 77060
      View Details
    • $10 SF/Yr
      177,781 SF

      North Houston Office Space

      Prime North Houston office suites, flexible sizes.
      340-350 Sam Houston Pkwy, Houston, TX 77060
      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.
    822 Greens Rd
    Houston, TX 77060
    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

    Google sign-in failed. Please try again or use another login method.