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    9215 West Rd Houston, TX 77064

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    9215 West Rd Houston, TX 77064

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    • Neighborhood centers
    • 7,295 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • My Legacy VIP Reception Hall / Hotel & Motel / Resort
    • Quick Quack Car Wash / Car Wash
    • Spirit Halloween / (Bike/Boat/Book/etc) Store

    Property Details for 9215 West Rd

    Property size
    7,295 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Westbridge Plaza, located at 9215 West Road in Houston, Texas (zip code 77064), presents a prime retail opportunity. This 7,295 square foot strip center in Harris County offers a completely vacant space, ideal for a single tenant or multiple smaller businesses. The entire building is available for lease, providing a blank canvas for a new retail venture. The property's convenient location in Houston offers excellent visibility and accessibility for customers. With a total building area of 7,295 square feet, the space provides ample room for various retail configurations. The property is classified as a retail strip center, suggesting a layout suitable for multiple smaller businesses or a single large tenant. The property's address is 9295 West Road, Houston, TX 77064, and its geographical coordinates are latitude 29.9017512 and longitude -95.5539348. This presents a unique chance to establish a strong retail presence in a thriving Houston market. The property is currently entirely vacant, offering immediate occupancy. Interested parties should inquire for further details and leasing information. The property type is retail, specifically a strip center with multiple tenancy potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5539
    Latitude
    29.9018

    Comparable in this City

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      $715,000
      28,673 SF

      17282 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 28,673 SF
      17282 State Hwy 249, Houston, TX 77064-1106
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    • Value Estimation
      $780,000
      21,421 SF

      17527 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 21,421 SF
      17527 Gessner Rd, Houston, TX 77064
      View Details
    • Value Estimation
      $575,000
      33,512 SF

      8302 Fairbanks N Houston Rd

      SHOPPING CENTER, STRIP CENTER • 33,512 SF
      8302 Fairbanks N Houston Rd, Houston, TX 77064-7950
      View Details
    • Value Estimation by Request
      4,617 SF

      9155 Sam Houston N Pkwy

      SHOPPING CENTER, STRIP CENTER • 4,617 SF
      9155 Sam Houston N Pkwy, Houston, TX 77064-6302
      View Details
    • Value Estimation by Request
      7,000 SF

      13219 Windfern Rd

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      13219 Windfern Rd, Houston, TX 77064-3099
      View Details
    • Value Estimation
      $750,000
      33,870 SF

      9211 Ww Rd

      SHOPPING CENTER, STRIP CENTER • 33,870 SF
      9211 Ww Rd, Houston, TX 77064-8633
      View Details

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      Prime Retail Space in Houston

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    Similar Nearby for Lease

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      Retail Space For Lease

      Retail property available for lease in Houston, Texas.
      17575 State Highway 249, Houston, TX 77064
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      Retail Center on FM 1960

      44,222 SF retail center near Willowbrook Mall.
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      Retail Space Near Willowbrook Mall

      Retail spaces available in a dense market near Willowbrook Mall.
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      Prime Retail Space in Houston

      Retail space available in Willowbrook Plaza near Highway 249.
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      Retail Spaces in Shopping Center

      Retail spaces available in a 25,037 SF shopping center.
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      Retail Space Available For Lease

      Single tenant retail space available for lease, 5,556 SqFt.
      17117 State Highway 249, Houston, TX 77064
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    9215 West Rd
    Houston, TX 77064
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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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