Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7300 Greens Rd Houston, TX 77064

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7300 Greens Rd Houston, TX 77064

    View on Map
    • Retail properties & Spaces
    • 47,988 SF
    • 5.51 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hri At Q the Sports Club / Gym & Fitness Center / Sports Field & Court
    • 24 Hour Fitness / Gym & Fitness Center
    • Mia Belly Dance / Theater & Performing Art Venue / Training Center
    • Brent Engelage / Physician

    Property Details for 7300 Greens Rd

    Year built
    1994
    Lot size
    5.51 lot acres
    Property size
    47,988 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple, absolute triple-net (NNN) leased 24 Hour Fitness facility in Houston, Texas. Located at 7300 W Greens Rd, this two-story, 47,988 square foot building sits on a 5.51-acre lot in a high-traffic area with over 120,000 vehicles per day passing on Highway 249. The property boasts a strong location, further enhanced by the recent addition of a 400,000 square foot Amazon delivery center, driving significant job growth in the area. Built in 1994 and renovated in 2018, this property offers a long-term lease with 24 Hour Fitness USA, Inc., with 6.5 years remaining on the initial term. The lease includes two 5-year renewal options, with a 14% rent increase scheduled for 2026 and fair market value increases in subsequent option periods. The current asking price is $6,850,000, representing a price per square foot of $142.74 and an attractive 8.00% cap rate, with a current NOI of $548,004. The property's Harris County APN is 1180520010001. This is a rare opportunity to acquire a high-performing, single-tenant net lease property in a rapidly growing market. The property's prime location and strong tenant covenant make it an ideal addition to any investment portfolio.

    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
    -95.5365
    Latitude
    29.9553

    Comparable in this City

    • Value Estimation by Request
      27,226 SF

      7911 Farm To Market 1960 Rd

      Individual retail properties • 27,226 SF
      7911 Farm To Market 1960 Rd, Houston, TX 77064
      View Details
    • Value Estimation by Request

      FAIRBANKS DENTAL STRIP CENTER

      4400SF FAIRBANKS DENTAL STRIP CENTER
      8380 N Fairbanks Rd, Houston, TX 77064
      View Details
    • Value Estimation
      $545,000
      8,328 SF

      9102 Sam Houston W Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 8,328 SF
      9102 Sam Houston W Pkwy, Houston, TX 77064-6341
      View Details
    • Value Estimation by Request
      1,200 SF

      11827 Rockville Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      11827 Rockville Dr, Houston, TX 77064-1421
      View Details
    • Value Estimation by Request
      6,496 SF

      10990 Ranchstone Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,496 SF
      10990 Ranchstone Dr, Houston, TX 77064-7056
      View Details
    • Value Estimation by Request
      2,100 SF

      9122 Windfern Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      9122 Windfern Rd, Houston, TX 77064-7744
      View Details

    Similar Nearby for Sale

    • $3,500,000
      2,535 SF

      Prime Retail Space in Houston

      High-visibility end-cap suite in a well-maintained retail center.
      10100 West Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      5,556 SF

      Vacant Retail Pad Site Available

      5,556 SqFt retail pad site available for sale.
      17117 Access Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      10,600 SF

      Established Automotive Repair Shop For Sale

      Turnkey automotive repair shop with real estate in prime location.
      10020 West Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      422,452 SF

      Industrial Development in Northwest Houston

      Two-building Class A industrial development in Houston's Northwest submarket.
      8175-8225 Mills Rd, Houston, TX 77064
      View Details
    • Contact for pricing

      Houston Industrial Warehouse For Sale

      24,500 SF industrial warehouse with office space in Houston.
      8603 Derrington Rd, Houston, TX 77064
      View Details
    • Contact for pricing

      Office Warehouse in Northwest Houston

      14,575 SF office warehouse with Beltway 8 access.
      11312 Windfern Rd, Houston, TX 77064
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,024 SF

      Retail Space Near Willowbrook Mall

      Retail spaces available in a dense market near Willowbrook Mall.
      17575 Texas 249, Houston, TX 77064
      View Details
    • $20 SF/Yr
      6,000 SF

      Retail Space For Rent

      Retail space available for lease in Houston, Texas.
      17575 State Highway 249, Houston, TX 77064
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Houston, Texas.
      17575 State Highway 249, Houston, TX 77064
      View Details
    • Contact for pricing

      Prime Retail Space in Houston

      Retail space available in Willowbrook Plaza near Highway 249.
      17355 Tomball Pkwy, Houston, TX 77064
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Single tenant retail space available for lease, 5,556 SqFt.
      17117 State Highway 249, Houston, TX 77064
      View Details
    • Contact for pricing

      Retail Spaces in Shopping Center

      Retail spaces available in a 25,037 SF shopping center.
      11950 Perry Rd, Houston, TX 77064
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7300 Greens Rd
    Houston, TX 77064
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!