Technical
Financial
Distress signals
Property profile

13311 Hargrave Rd Houston, TX 77070

OFF-MARKET
Strip malls
Property ID
US82-4755466
24,800 SF 1.68 ac lot Built 2015
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2015
Construction FRAME
Total area 24,800 SF
Lot 1.68 ac (73,115 SF)
APN 1307100010002
UPID US82-4755466

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop
  • Physician
  • Medical Clinic
  • Physician
  • Pediatrician Medical Clinic

Location

13311 Hargrave Rd Houston, TX 77070-4313
Houston metro Census 552701 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$802k
Blend (final) Blend
$730k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.1M +74.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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