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    12722 Jones Rd Houston, TX 77070

    • Grocery and convenience stores
    • 11,854 SF
    • 1.35 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    $380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7953786
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Firestone Pizza / Pizza Restaurant
    • Elegant Brows & SPA / Beauty Salon
    • Exxon / Gas Station
    • ATM (ATM Link, Inc.) / Atm
    • Lala’s Taqueria / Mexican Restaurant

    Property Details for 12722 Jones Rd

    Year built
    2018
    Lot size
    1.35 lot acres
    Property size
    11,854 SF
    Property type
    Grocery and convenience stores
    APN
    1197360000002
    APU
    1197360000002

    Description

    This exceptional Class A retail property, located at 12722 Jones Rd in Houston, Texas, offers +/- 2,500 square feet of endcap space, divisible to 1,000 square feet. Built in 2018, the building totals 10,498 square feet, with 1,400 square feet currently vacant. The property boasts a prime corner location with significant frontage on Jones Road (approximately 289 feet) and Mist Lane (approximately 193 feet), ensuring high visibility and accessibility. A drive-through is possible, and gas and fire sprinklers are available. This location benefits from its position within a high-density residential and commercial area, providing easy access to major employers and amenities such as Hewlett Packard, Methodist Willowbrook Hospital, The Vintage shopping center, and St. Luke's at The Vintage hospital. High traffic counts further enhance this opportunity: over 17,000 vehicles per day on Jones Road, over 18,000 vehicles per day on Grant Road, and over 65,000 vehicles per day on nearby FM 1960/Cypress Creek Parkway. The property is situated in Harris County and within the Cy-Fair Independent School District. This is an ideal space for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5846
    Latitude
    29.9587
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,551
    $470,768
    $1,652,037
    $2,122,805
    -
    $470,768
    $1,652,037
    $2,122,805

    Comparable in this City

    • Value Estimation
      $285,000
      3,207 SF

      10210 Grant Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,207 SF
      10210 Grant Rd, Houston, TX 77070-4510
      View Details
    • Value Estimation
      $205,000
      2,200 SF

      13739 Cedar Pt Dr

      CONVENIENCE STORE • 2,200 SF
      13739 Cedar Pt Dr, Houston, TX 77070-2706
      View Details
    • Value Estimation
      $1,205,000
      58,423 SF

      10010 Cypresswood Dr

      GROCERY, SUPERMARKET • 58,423 SF
      10010 Cypresswood Dr, Houston, TX 77070-3408
      View Details
    • Value Estimation
      $360,000
      15,340 SF

      11350 Jones Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 15,340 SF
      11350 Jones Rd, Houston, TX 77070-6308
      View Details
    • Value Estimation
      $445,000
      8,660 SF

      13521 Perry Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 8,660 SF
      13521 Perry Rd, Houston, TX 77070-4246
      View Details
    • Value Estimation
      $765,000
      100,573 SF

      8320 Cypress Crk Pkwy

      GROCERY, SUPERMARKET • 100,573 SF
      8320 Cypress Crk Pkwy, Houston, TX 77070-5608
      View Details

    Similar Nearby for Sale

    • $1,600,000

      Cleared Land For Sale

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      Redfish Grill: Restaurant Sale

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    • $3,767,940
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      Houston Commercial Land - Grant Rd

      3.46 Acres, Prime Commercial Location
      9422 Grant Rd, Houston, TX 77070
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    • $1,750,000
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      Prime Houston Office Building

      14,141 SF Office Space, 1 Acre Lot
      11011 Jones Rd, Houston, TX 77070
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    • Contact for pricing
      6.25 Acres

      Houston Commercial Land - 6.25 Acres

      Prime 6.25-acre commercial lot in Houston, TX.
      12334 Malcomson Rd, Houston, TX 77070
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    • $850,000
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      High-Visibility Houston Warehouse

      Freeway-adjacent warehouse, office space, high potential.
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    Similar Nearby for Lease

    • $17 SF/Yr
      55,000 SF

      Cypress Town Center Retail Space

      Houston Retail Center: Prime Spaces Available
      12120 Jones Rd, Houston, TX 77070
      View Details
    • $21 SF/Yr
      10,498 SF

      Jones Rd Retail Endcap Opportunity

      High-traffic Houston retail space. Excellent visibility.
      12722 Jones Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      4,282 SF

      Vintage Park Retail Center

      Prime Houston Retail Space Available
      10300 Louetta Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      29,438 SF

      Retail Space in Vintage Park

      Prime retail space with high visibility in Houston's Vintage Park.
      10300 Louetta Rd, Houston, TX 77070
      View Details
    • $16 SF/Yr
      1,240 SF

      Retail Space in Northwest Houston

      Retail spaces available with high traffic and great visibility.
      12101-12123 Jones Rd, Houston, TX 77070
      View Details
    • $19 SF/Yr
      650 SF

      Retail or Office Space Available

      Cozy 650 SF retail/office space, currently a beauty salon.
      10609 Grant Rd, Houston, TX 77070
      View Details
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    Houston, TX 77070
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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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