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    Property profile & analytics

    18231 Bauer Rd Hockley, TX 77447

    • Warehouses
    • 10,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 18231 Bauer Rd

    Property size
    10,000 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    Located in Hockley, Texas, within Harris County, this exceptional 10,000 square foot Bauer Road Business Park offers a unique blend of executive office and warehouse space. Currently, the entire 10,000 square feet is available for lease, divisible into units ranging from a minimum of 4,000 square feet to a maximum contiguous space of 6,000 square feet. This presents an excellent opportunity for businesses seeking flexible and adaptable space to accommodate various operational needs. The property's address is 18231 Bauer Rd, Hockley, TX 77447. The property type is classified as both office and industrial, catering to a diverse range of potential tenants. Whether your business requires a combination of office and warehouse space or solely one or the other, this property offers the versatility to meet your requirements. The multiple tenancy structure allows for a variety of lease options to suit individual business needs. This prime location in Harris County provides easy access to major transportation routes, ensuring seamless logistics and convenient commuting for employees. Don't miss this chance to secure your ideal workspace in this thriving business park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.785
    Latitude
    30.0457

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      18638 Kermier Rd

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      18140 Kickapoo Rd

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      18831 Becker Rd

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    • Value Estimation
      $715,000
      15,324 SF

      18902 Kermier Rd

      WAREHOUSE, STORAGE • 15,324 SF
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    • Value Estimation by Request
      7,345 SF

      25314 Zube Rd

      WAREHOUSE, STORAGE • 7,345 SF
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    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Bauer Road Business Park: Office/Warehouse

      Modern Office/Warehouse Space in Hockley, TX
      18231 Bauer Rd, Hockley, TX 77447
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      7,500 SF

      Hockley Warehouse Space Available

      7,500 sq ft warehouse in Hockley, Texas.
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      7,500 SF

      Hockley Industrial Property for Sale

      7,500 SF industrial property in Hockley, Texas available for purchase.
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      Industrial Space in Northwest Houston

      Industrial space available for lease in Hockley, Texas.
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      Multiple Industrial Buildings For Sale

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      Kermier Commerce Park: Hockley, TX

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    Similar Nearby for Lease

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      10,000 SF

      Bauer Road Business Park: Prime Space

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      18231 Bauer Rd, Hockley, TX 77447
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    • $11 SF/Yr
      8,850 SF

      Zube Business Park Warehouse For Lease

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      Kermier Commerce Park: Hockley Distribution Space

      High-bay distribution space available in Hockley, TX.
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      Industrial Building with Office Space

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      Kermier Commerce Park Land Lease

      18-Acre Commercial/Industrial Land Parcel
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      18 SF

      Industrial Buildings Available For Lease

      Seven industrial buildings ranging from approximately 5,500 to 15,590 square feet.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
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    Hockley, TX 77447
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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
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