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

    13311 Hargrave Rd Houston, TX 77070

    • Strip malls
    • 24,800 SF
    • 1.68 lot acres
    For Lease
    View listing
    Value Estimations
    $730,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4755466
    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

    • Yoshi's Kitchen / Health Food Store / Health Food Restaurant
    • Dr. Muhammad Hanif, MD / Internist / Intensivist
    • Northwest Internal Medicine Specialists / Intensivist / Internist
    • Northwest Internal Medicine: Poonawala Ali MD / Internist
    • Farah Poonawala / Pediatrician

    Property Details for 13311 Hargrave Rd

    Year built
    2015
    Construction
    FRAME
    Lot size
    1.68 lot acres
    Property size
    24,800 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1307100010002
    APU
    1307100010002

    Description

    This exceptional 24,800 square foot multi-tenant building, located at 13311 Hargrave Road in Houston, Texas (zip code 77070), offers a prime opportunity for businesses seeking versatile space. The property is zoned for retail, office, and restaurant uses, currently configured as executive and medical office space. Situated in Harris County, this building boasts excellent visibility on Hargrave Road, providing significant exposure to potential customers. The building features convenient elevator and stairwell access to the second floor, ensuring easy navigation for tenants and their clients. Lease terms are structured as base rent plus NNN charges. The location offers unparalleled accessibility, with easy access to Highway 249 and close proximity to the Sam Houston Tollway/Beltway 8, facilitating seamless commutes for employees and clients. A significant advantage is its adjacency to Houston Methodist Willowbrook Hospital, the largest hospital system in Northwest Harris County, creating a high-traffic area with a substantial potential customer base. Furthermore, the property benefits from its proximity to Willowbrook Mall (approximately one mile northwest) and a dense residential area, with approximately 1,800 residential rooftops within a one-mile radius, ensuring a strong local market. This presents a unique opportunity to establish a thriving business in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $802,000
      Market price range: $411k - $802k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $625,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,090,000
      Change: +75% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5527
    Latitude
    29.9685
    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
    $31,222
    $877,368
    $3,213,782
    $4,091,150
    -
    $877,368
    $3,213,782
    $4,091,150

    Comparable in this City

    • Value Estimation
      $800,000
      78,664 SF

      13390 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 78,664 SF
      13390 Jones Rd, Houston, TX 77070-3916
      View Details
    • Value Estimation
      $710,000
      39,077 SF

      9206 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 39,077 SF
      9206 Cypress Crk Pkwy, Houston, TX 77070-6208
      View Details
    • Value Estimation
      $590,000
      26,648 SF

      10130 Grant Rd

      SHOPPING CENTER, STRIP CENTER • 26,648 SF
      10130 Grant Rd, Houston, TX 77070-4531
      View Details
    • Value Estimation
      $610,000
      31,300 SF

      11600 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 31,300 SF
      11600 Jones Rd, Houston, TX 77070-5929
      View Details
    • Value Estimation
      $375,000
      10,880 SF

      13703 Cedar Pt Dr

      SHOPPING CENTER, STRIP CENTER • 10,880 SF
      13703 Cedar Pt Dr, Houston, TX 77070-2706
      View Details
    • Value Estimation
      $795,000
      26,913 SF

      19770 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 26,913 SF
      19770 State Hwy 249, Houston, TX 77070-3113
      View Details

    Similar Nearby for Sale

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      6.25 Acres

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      Prime 6.25-acre commercial lot in Houston, TX.
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      Houston Medical Office Condo

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      3.46 Acres, Prime Commercial Location
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    Similar Nearby for Lease

    • Contact for pricing
      324,000 SF

      Vintage Park Medical Office Space

      8 Suites Available, 1,105-3,232 SF
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      View Details
    • Contact for pricing
      6,650 SF

      Prime Retail Space Available

      Retail spaces and pad sites available near Willowbrook Mall.
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      View Details
    • $18 SF/Yr
      1,890 SF

      Retail Space in High-Traffic Area

      Retail space in a center catering to a high-income population.
      12340 Jones Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      102,758 SF

      Houston Retail Space Available

      Prime Houston retail, multiple spaces.
      22506 Tomball Pkwy, Houston, TX 77070
      View Details
    • Contact for pricing
      24,800 SF

      Houston Office/Retail Space for Lease

      24,800 SF Multi-Tenant Office Building
      13311 Hargrave Rd, Houston, TX 77070
      View Details
    • $18 SF/Yr
      12,000 SF

      Lake Road Office Suites

      Prime Office Space, Multiple Sizes Available
      10320 Lake 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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