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    Property profile & analytics

    14440 Hillcroft St Houston, TX 77085

    • Community centers
    • 70,977 SF
    • 10.40 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0973128
    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

    • Garden Center at The Home Depot / Plant Nursery / Retaining Wall Supplier
    • Tool & Truck Rental Center at The Home Depot / Tool Rental Service / Construction Machine Rental Service
    • Pro Desk at The Home Depot / Building Materials Store / Dry Wall Supply Store
    • Home Services at The Home Depot / Electrician / Flooring Contractor
    • OMG Baked Potatoes LLC (Food Truck) / Caterer / Mobile Caterer

    Property Details for 14440 Hillcroft St

    Year built
    2009
    Construction
    STEEL FRAME
    Lot size
    10.40 lot acres
    Property size
    70,977 SF
    Property type
    Community centers
    APN
    1278140010001
    APU
    1278140010001

    Description

    The Crossing at Fort Bend, located at 14440 Hillcroft St, Houston, TX 77085, presents a unique opportunity for retail businesses seeking a prominent presence in Harris County. This Class B shopping center offers a total of 237,055 square feet of retail space, currently entirely vacant and available for lease. The property consists of a single building with multiple suites, providing flexibility for various tenant needs. Space options range from a minimum of 1,262 square feet to a maximum contiguous space of 20,053 square feet, catering to a wide array of business sizes. The property sits on a sizable lot ranging from 0.88 to 1.85 acres, offering ample space for parking and potential future expansion. Its strategic location in Houston ensures high visibility and accessibility for customers. This is an exceptional opportunity to establish or expand a retail business in a thriving market. The property's significant size and flexible space options make it ideal for a variety of retail concepts, from smaller boutiques to larger anchor tenants. The high vacancy rate presents a blank canvas for a visionary entrepreneur or a group of synergistic businesses. This property is classified as both Retail and Land, offering a unique combination of immediate occupancy and potential for future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4941
    Latitude
    29.6178
    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
    $168,151
    $4,351,530
    $4,123,745
    $8,475,275
    -
    $4,351,530
    $4,123,745
    $8,475,275

    Comparable in this City

    • Value Estimation
      $415,000
      125,960 SF

      14440 Hillcroft St

      WHOLESALE OUTLET, DISCOUNT STORE • 125,960 SF
      14440 Hillcroft St, Houston, TX 77085-1505
      View Details
    • Value Estimation
      $475,000
      18,452 SF

      8420 Sam Houston W Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,452 SF
      8420 Sam Houston W Pkwy, Houston, TX 77085-2287
      View Details
    • Value Estimation
      $490,000
      3,456 SF

      7090 Orem Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 3,456 SF
      7090 Orem Dr, Houston, TX 77085-4500
      View Details
    • Value Estimation
      $430,000
      7,127 SF

      7104 Orem Dr

      GAS STATION • 7,127 SF
      7104 Orem Dr, Houston, TX 77085-1274
      View Details
    • Value Estimation
      $485,000
      1,946 SF

      7422 Sam Houston W Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,946 SF
      7422 Sam Houston W Pkwy, Houston, TX 77085-2252
      View Details
    • Value Estimation
      $360,000
      2,887 SF

      7805 Sam Houston W Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,887 SF
      7805 Sam Houston W Pkwy, Houston, TX 77085
      View Details

    Similar Nearby for Sale

    • $400,000

      Corner Lot Ideal for Development

      Square lot suitable for gas station or industrial development.
      W Orem Dr, Houston, TX 77085
      View Details
    • $1,500,000
      3.00 Acres

      Houston Commercial Land - 3 Acres

      Prime 3-acre commercial lot, ready for development.
      0 Dunlap St, Houston, TX 77085
      View Details
    • $159,900

      Duplex Investment Opportunity

      Two-unit duplex, sold as-is, ideal for investors.
      12401 Ormandy St, Houston, TX 77085
      View Details
    • $950,000

      Land for Sale in Houston

      Land available for sale in Houston, Texas.
      Orem Dr, Houston, TX 77085
      View Details
    • $299,999

      Two Lots Near Beltway-8

      Two lots near Beltway-8, suitable for residential or commercial use.
      6721 Whitton Dr, Houston, TX 77085
      View Details
    • $3,721,800
      8.98 Acres

      Houston Commercial Land - 8.98 Acres

      Prime Houston land, ideal for large-scale development.
      0 Main St, Houston, TX 77085
      View Details
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    14440 Hillcroft St
    Houston, TX 77085
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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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