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    15603 Hardy Rd Houston, TX 77032

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    15603 Hardy Rd Houston, TX 77032

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    • Warehouses
    • 48,630 SF
    • 10.00 lot acres
    For Lease
    $7 SF/Yr
    View Listing →
    Industrial Warehouse Space Available For Lease
    $7 SF/Yr
    2,898 SF

    Industrial Warehouse Space Available

    2,898 SF warehouse space for lease in Houston, TX.

    15603 Hardy Road, Houston, TX
    View Listing
    Property ID
    US82-2031703
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Semper Fli Aircraft Battery Shop / Distribution Center / Logistics Company
    • ICGC PRAISE TEMPLE / Church
    • BZGraphicsTX / Custom T-Shirt Store / Embroidery Shop
    • True Agape Ministry / Church
    • LaVie Aesthetics / Medical Clinic / Skin Care Clinic

    Property Details for 15603 Hardy Rd

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    10.00 lot acres
    Property size
    48,630 SF
    Property type
    Warehouses
    APN
    1086120000005
    APU
    1086120000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,788,000
      Market price range: $1.03M - $3.73M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,240,000
      Current use
      RESTAURANT
      $4,915,000
      Change: +120% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,540,000
      Change: +103% Conversion: Easy
      MEDICAL BUILDING
      $3,105,000
      Change: +39% Conversion: Difficult
      RETAIL STORES
      $2,600,000
      Change: +16% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,875,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.386
    Latitude
    29.9443
    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
    2023
    $65,039
    $2,051,676
    $3,654,395
    $5,706,071
    -
    $2,051,676
    $3,654,395
    $5,706,071

    Comparable in this City

    • Value Estimation
      $2,500,000
      36,960 SF

      16134 Hardy Rd

      WAREHOUSE, STORAGE • 36,960 SF
      16134 Hardy Rd, Houston, TX 77060-1663
      View Details
    • Value Estimation by Request
      6,000 SF

      14514 Henry Rd

      WAREHOUSE, STORAGE • 6,000 SF
      14514 Henry Rd, Houston, TX 77060
      View Details
    • Value Estimation
      $985,000
      29,420 SF

      16465 Hardy Rd

      WAREHOUSE, STORAGE • 29,420 SF
      16465 Hardy Rd, Houston, TX 77060-6226
      View Details
    • Value Estimation
      $900,000
      21,000 SF

      1150 Richcrest Dr

      WAREHOUSE, STORAGE • 21,000 SF
      1150 Richcrest Dr, Houston, TX 77060-6209
      View Details
    • Value Estimation
      $2,610,000
      43,200 SF

      18207 Chisholm Trl

      WAREHOUSE, STORAGE • 43,200 SF
      18207 Chisholm Trl, Houston, TX 77060-1113
      View Details
    • Value Estimation
      $1,575,000
      24,114 SF

      770 Sam Houston E Pkwy

      WAREHOUSE, STORAGE • 24,114 SF
      770 Sam Houston E Pkwy, Houston, TX 77060-5904
      View Details

    Similar Nearby for Sale

    • $1,655,000

      Versatile Commercial/Industrial Property in Houston

      6,548 SF improvements on 8.22 acres in North Houston.
      13912 E Hardy Rd, Houston, TX 77060
      View Details
    • Contact for pricing

      Cleared Land Near Beltway 8

      3.16 acres suitable for industrial, hospitality, or retail development.
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      118,000 SF

      Industrial Facility with Outdoor Storage

      Single tenant industrial property featuring outdoor storage, Houston, Texas.
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      3.3 Acres Commercial Land

      3.3 acres of commercial land with frontage on Beltway 8.
      East Sam Houston Pkwy N, Houston, TX 77060
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      Prime Land at Beltway, I-45

      Land with high visibility, direct access to major highways.
      N Houston Tx, Houston, TX 77060
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Houston Warehouse Space Available

      10,000 square foot warehouse space for lease in Houston.
      18527 Imperial Valley Dr, Houston, TX 77060
      View Details
    • $0.12 SF/Yr

      Functional Warehouse in North Houston

      Industrial property with climate-controlled storage and high-clearance warehouse space.
      703 Buschong St, Houston, TX 77060
      View Details
    • Contact for pricing
      326,086 SF

      Houston Warehouse Space Available

      326,086 SF warehouse space for lease in Houston, TX.
      West Rd, Houston, TX 77060
      View Details
    • Contact for pricing
      41,274 SF

      West Hardy Road Warehouse Space

      Warehouse space with dock doors and highway access available for lease.
      16420 West Hardy Rd, Houston, TX 77060
      View Details
    • Contact for pricing
      13,904 SF

      Houston Warehouse Space Available

      13,904 square foot warehouse space for lease in Houston.
      747 Kenrick Dr, Houston, TX 77060
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, 4,584 square feet.
      15711 W Hardy Rd, Houston, TX 77060
      View Details
    View Listing
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    15603 Hardy Rd
    Houston, TX 77032
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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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