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    16205 Kieth Harrow Blvd Houston, TX 77084
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    Property profile & analytics

    16205 Kieth Harrow Blvd Houston, TX 77084

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    • Commercial land
    • 179,218 SF
    For Sale
    $2,600,000
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    Prime Land in Houston, TX For Sale
    $2,600,000
    179,218 SF

    Prime Land in Houston, TX

    5-acre land ideal for logistics, industrial, or mixed-use development.

    16205 Kieth Harrow Blvd, Houston, TX 77084
    View Listing
    Property ID
    US82-1699984
    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

    • Harmony School of Achievement Houston / High School
    • Your Community Magazine / Publishing House

    Property Details for 16205 Kieth Harrow Blvd

    Property size
    179,218 SF
    Property type
    Commercial land
    Property subtype
    Industrial land

    Description

    The Keith Harrow Blvd property in Houston, TX, offers a highly attractive opportunity for commercial real estate investors and developers. Spanning about 5 acres, this land is strategically located with excellent access to major thoroughfares, making it ideal for logistics, industrial warehouses, or mixed-use development. The site's proximity to business centers and infrastructure makes it perfect for businesses looking to build distribution facilities or light industrial units. The land’s flexibility allows developers to implement a range of commercial or industrial projects tailored to Houston's rapidly growing market. The area benefits from ongoing expansion, presenting opportunities to capture the demand for industrial space or other commercial ventures. Additionally, access to utilities, favorable zoning conditions, and the increasing value of Houston's commercial real estate market make it a valuable investment for long-term growth. You can capitalize on Houston's status as a major logistics hub, with strong demand for industrial properties and commercial development. The site holds potential for industrial projects tailored for owner-users or developers looking to expand in Houston’s growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.643874
    Latitude
    29.848024

    Comparable in this City

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      3.61 Acres Commercial Land Parcels

      Two land parcels totaling 3.61 acres in Houston, TX.
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      Prime Corner Pad Site Available

      Pad site at high-traffic intersection near I-10.
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    Similar Nearby for Sale

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      Industrial Building with Office Space

      83,604 SF industrial building with office and warehouse space.
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      Energy Corridor Development Site

      Development site in Houston's Energy Corridor near major thoroughfares.
      Park Row Blvd, Houston, TX 77084
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    • $1,990,000

      3.61 Acres Commercial Land Parcels

      Two land parcels totaling 3.61 acres in Houston, TX.
      S Park Vw Dr Dr, Houston, TX 77084
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      26,384 SF

      Prime Corner Pad Site Available

      Pad site at high-traffic intersection near I-10.
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    Similar Nearby for Lease

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      Houston Outdoor Storage Space

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      Houston Office/Warehouse Space For Lease

      2,500 SF office/warehouse on 1.21-acre lot in Houston.
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      Office/Warehouse Space in Northwest Houston

      2,500 SF office/warehouse on 1.21-acre lot for lease.
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      Air Conditioned Warehouse with Offices

      1500 SF flex space with offices and overhead door.
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      Corner Lot on Clay Road

      1.837 acre corner lot suitable for high-traffic commercial use.
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    View Listing
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    Houston, TX 77084
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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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