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    11077 Northwest Fwy Houston, TX 77092

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    11077 Northwest Fwy Houston, TX 77092

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    • Shopping malls
    • 20,250 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Academy Sports + Outdoors / (Bike/Boat/Book/etc) Store
    • Key Safe / Locksmith

    Property Details for 11077 Northwest Fwy

    Property size
    20,250 SF
    Property type
    Shopping malls
    Property subtype
    Lifestyle centers

    Description

    Northway Center presents a significant retail investment opportunity in Harris County. This 20,250 square foot shopping center offers a completely vacant, 2nd generation retail space, ideal for a variety of uses. The property boasts excellent visibility and accessibility, situated along Highway 290, a major thoroughfare with over 211,000 vehicles passing daily. Further enhancing its appeal is its location on W 34th St, experiencing over 16,000 cars daily. Ample parking and ten convenient points of ingress/egress ensure ease of access for customers and employees. The center benefits from a strong anchor tenant lineup, including Academy, Harbor Freight, Spec's, Chick-fil-A, and Denny's, creating a vibrant and established retail environment. This prime location and established tenant mix provide a solid foundation for a successful retail venture. The property is classified as a multi-tenant retail center, offering flexibility for various business models. The total building size is 20,250 square feet, with the entire space currently available for lease. Contact for pricing.

    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
    -95.4685
    Latitude
    29.8185

    Comparable in this City

    • Value Estimation by Request
      184,471 SF

      5264 34Th St

      Lifestyle centers • 184,471 SF
      5264 34Th St, Houston, TX 77092
      View Details
    • Value Estimation
      $585,000
      15,102 SF

      4740 Dacoma St

      SHOPPING CENTER, STRIP CENTER • 15,102 SF
      4740 Dacoma St, Houston, TX 77092-8039
      View Details
    • Value Estimation by Request
      6,524 SF

      6130 Pinemont Dr

      SHOPPING CENTER, STRIP CENTER • 6,524 SF
      6130 Pinemont Dr, Houston, TX 77092-3202
      View Details
    • Value Estimation by Request
      11,070 SF

      12014 Hempstead Rd

      SHOPPING CENTER, STRIP CENTER • 11,070 SF
      12014 Hempstead Rd, Houston, TX 77092-6008
      View Details
    • Value Estimation by Request
      12,720 SF

      3050 Antoine Dr

      SHOPPING CENTER, STRIP CENTER • 12,720 SF
      3050 Antoine Dr, Houston, TX 77092-7053
      View Details
    • Value Estimation by Request
      5,913 SF

      2416 Mangum Rd

      SHOPPING CENTER, STRIP CENTER • 5,913 SF
      2416 Mangum Rd, Houston, TX 77092-8102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase.
      10000 Freeway NW, Houston, TX 77092
      View Details
    • Contact for pricing

      Retail Space Available

      Retail property for sale in Houston, Texas.
      2009 Mangum Rd, Houston, TX 77092
      View Details
    • $1,250,000
      2,296 SF

      Northwest Freeway Showroom/Retail Space

      Freeway visibility, easy access, showroom/office space with mezzanine.
      10485 Northwest Fwy, Houston, TX 77092
      View Details
    • Contact for pricing
      4,870 SF

      Retail Space For Sale

      Retail space available for purchase, featuring an 8.00% CAP.
      6625 Pinemont Dr, Houston, TX 77092
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Northwest Freeway

      Retail space in high-traffic Houston location near US 290.
      12101-12151 Northwest Fwy, Houston, TX 77092
      View Details
    • Contact for pricing
      2,836 SF

      Equipped Restaurant Space For Lease

      Second generation restaurant space in Houston's Greater Heights/Oak Forest area.
      3327 Mangum Rd, Houston, TX 77092
      View Details
    • $12 SF/Yr
      132,501 SF

      34th Street Business Park Units Available

      Houston Flex Space, Warehouse, R&D
      4800 34Th St, Houston, TX 77092
      View Details
    • Contact for pricing

      Pinemont Drive Development Site

      Versatile site ideal for office, retail, multi-family, or light industrial.
      6100 Pinemont Dr, Houston, TX 77092
      View Details
    • Contact for pricing

      Retail Space on Northwest Fwy

      Retail space with high visibility and multiple access points.
      12009 Northwest Fwy, Houston, TX 77092
      View Details
    • Contact for pricing

      Retail Center on Antoine Drive

      11,352 SF retail center in Spring Branch area.
      3050 Antoine Dr, Houston, TX 77092
      View Details
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    11077 Northwest Fwy
    Houston, TX 77092
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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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