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    Crosby Texas 77532 Swc Of Fm 2100 @ Hare Rd Crosby, TX 77532

    • Retail properties
    • 8,300 SF
    • 1.04 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for Crosby Texas 77532 Swc Of Fm 2100 @ Hare Rd

    Lot size
    1.04 lot acres
    Property size
    8,300 SF
    Property type
    Retail properties

    Description

    The Shops at Newport presents a unique opportunity for retail businesses seeking high visibility and accessibility in the rapidly growing Crosby, Texas market. This single-story, 8,300 square foot retail center sits on a 1.037-acre lot at the southwest corner of FM 2100 and Hare Road, a three-way traffic-controlled intersection. The property boasts outstanding architecture and a strong identity, ensuring excellent visibility for tenants. Its strategic location at the entrance to the Newport subdivision guarantees high traffic volume and exposure to a substantial residential population. The entire 8,300 square feet is currently vacant and available for lease, with a minimum divisible space of 900 square feet. Bay depth is 35 feet. The estimated Net, Net, Net (NNN) rent is $7.50 per square foot. Finish-out negotiations are welcome. This property offers a rare chance to establish a prominent retail presence in a thriving community. Contact us today to discuss leasing options and pricing. Harris County location provides access to a large and growing customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crosby
    County
    Harris
    State
    Texas
    Longitude
    -95.0707
    Latitude
    29.9202

    Comparable in this City

    • Value Estimation by Request
      5,360 SF

      5623 Fm 2100 Rd

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    • Value Estimation by Request
      8,334 SF

      2123 Us-90

      Retail properties • 8,334 SF
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      14,604 SF

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      Retail properties • 14,604 SF
      3305 Us-90, Crosby, TX 77532
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    • Value Estimation by Request
      6,000 SF

      5613 Fm 2100 Rd

      Office space • 6,000 SF
      5613 Fm 2100 Rd, Crosby, TX 77532
      View Details
    • Value Estimation by Request
      57,127 SF

      105 Kennings Rd

      Retail properties • 57,127 SF
      105 Kennings Rd, Crosby, TX 77532
      View Details
    • Value Estimation by Request
      1.47 Acres

      18 Fm 1942 Rd

      Retail properties • 1.47 Acres
      18 Fm 1942 Rd, Crosby, TX 77532
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      57,127 SF

      Crosby Retail Center Investment

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      8,300 SF

      Shops at Newport: Crosby Retail Center

      Prime Crosby retail space, 8,300 SF available.
      Crosby Texas 77532 Swc Of Fm 2100 @ Hare Rd, Crosby, TX 77532
      View Details
    • Contact for pricing
      8,334 SF

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      Crosby Retail Space - 4,650 SF

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      13923 Fm 2100 Rd, Crosby, TX 77532
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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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