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    Rd & Castlebridge Dr Jersey Village, TX 77065
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    Rd & Castlebridge Dr Jersey Village, TX 77065

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    • Retail properties & Spaces
    • 2.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Rd & Castlebridge Dr

    Lot size
    2.72 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 2.72-acre commercial land parcel, situated at the Northwest corner of West Road and Castlebridge Drive in Houston, Texas (zip code 77065, Harris County), presents a unique investment opportunity. The property is ideally suited for development, offering four available pad sites for ground lease. Each pad offers significant potential for retail businesses, capitalizing on its strategic location with convenient access to Northwest Freeway/US Highway 290. The land value is estimated at $30-$32 per square foot. Detailed financial projections for each pad are available upon request. Pad A commands a monthly ground lease of $4,450, Pad B at $3,950, Pad C at $4,100, and Pad D at $5,500. This prime location in the thriving Jersey Village area of Houston offers high visibility and accessibility, making it an attractive proposition for investors seeking strong returns. The property's size and configuration allow for flexibility in development plans, catering to a variety of retail concepts. This is a rare opportunity to acquire a substantial land parcel in a high-growth area with established infrastructure and strong demographics. Don't miss this chance to secure a piece of Houston's vibrant commercial landscape.

    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
    -95.5959
    Latitude
    29.9033

    Comparable in this City

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      9443 Jones Rd

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      TX Rd. And Castle Rdg Jersey Vlg

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    • Value Estimation
      $575,000
      14,465 SF

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      RETAIL STORES (PERSONAL SERVICES) • 14,465 SF
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    • Value Estimation by Request
      6,000 SF

      9101 Jones Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      9101 Jones Rd, Houston, TX 77065-4403
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    • Value Estimation by Request
      3,172 SF

      10808 Huffmeister Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,172 SF
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    Similar Nearby for Sale

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      13,200 SF

      Jones Road Retail Pad Site

      13,200 SF Restaurant Pad, High Traffic
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      2.72 Acres of Land

      2.72 acres of land available for sale.
      West Rd & Castlebridge Dr, Houston, TX 77065
      View Details
    • Contact for pricing
      11,200 SF

      Huffmeister Road Restaurant/Bar Sale

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    • $3,956,315

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      Single tenant building with strong demographics and high traffic counts.
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      1,500 SF

      Retail/Office Space For Sale

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    Similar Nearby for Lease

    • $26 SF/Yr
      1,200 SF

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      2,905 SF

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      1,026 SF

      Retail Space Near FM 1960

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      12,826 SF

      Retail Building off Hwy 290

      12,826 SF retail building with great visibility and access.
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      5,070 SF

      Retail Space Near Jones Road

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      20,433 SF

      Retail Property on Northwest Freeway

      20,433 SF retail building on 1.6 acres available for rent.
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    Rd & Castlebridge Dr
    Jersey Village, TX 77065
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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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