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

    17939 Kieth Harrow Blvd Houston, TX 77084-5720

    • Warehouses
    • 21,680 SF
    • 4.90 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8906264
    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

    • Unlimited Horsepower Garage / Auto Repair Shop
    • Glass Doctor Home + Business of NW Houston / General Contractor / Renovation Specialist
    • American Beauty Supply LLC / Big Box & Wholesale Store
    • H2M Epoxy Floors / Construction Company / General Contractor
    • ARHTX Cabinets, Millwork & Furniture Finishing / Hardware & Home Improvement / Furniture & Home Goods

    Property Details for 17939 Kieth Harrow Blvd

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    4.90 lot acres
    Property size
    21,680 SF
    Property type
    Warehouses
    APN
    1410630010001
    APU
    1410630010001

    Description

    This exceptional 65,000-square-foot multi-tenant industrial park in Houston, Texas, presents a compelling investment opportunity. Comprising four single-story buildings on a five-acre lot, this Class B property boasts 64,800 square feet of net rentable space and is currently 89% occupied with 19 tenants. Built between 2021 and 2023, the park features 18-foot ceilings, one loading dock, and 30 grade-level overhead doors. The property benefits from a prime location near major thoroughfares including Interstate 10, Grand Parkway 99, Highway 6, and State Highway 290, ensuring excellent accessibility. Multiple suites are climate-controlled, enhancing their appeal to a wide range of tenants. Situated in a deed-restricted business plaza, the park enjoys a strong tenant pool within a five-mile radius encompassing a population of 334,192. The Northwest Outliers submarket's robust growth further underscores the property's desirability. NNN leases are in place, featuring 3% annual escalations and a weighted average lease term (WALT) of 2.5 years. The current average in-place rent of $8.70 per square foot offers significant potential for increased net operating income (NOI) through a market-rate leasing strategy. The tight submarket vacancy rate of 5.5% for industrial and flex properties, coupled with 3.1 million square feet of industrial warehouse space leased in the past year, highlights the strong demand in this area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,115,000
      Market price range: $670k - $1.12M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $810,000
      Current use
      RETAIL STORES
      $1,010,000
      Change: +24% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6742
    Latitude
    29.8481
    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
    $44,407
    $1,104,528
    $5,128,680
    $6,233,208
    -
    $1,104,528
    $5,128,680
    $6,233,208

    Comparable in this City

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      58,220 SF

      19407 Park Row

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      View Details
    • Value Estimation
      $720,000
      18,000 SF

      15320 Park Row

      WAREHOUSE, STORAGE • 18,000 SF
      15320 Park Row, Houston, TX 77084-2887
      View Details
    • Value Estimation by Request
      2,880 SF

      15218 Park Row

      WAREHOUSE, STORAGE • 2,880 SF
      15218 Park Row, Houston, TX 77084
      View Details
    • Value Estimation
      $1,560,000
      70,760 SF

      17105 Groschke Rd Ste, Unit 100

      WAREHOUSE, STORAGE • 70,760 SF
      17105 Groschke Rd Ste, Houston, TX 77084-4677
      View Details
    • Value Estimation by Request
      2,530 SF

      17125 Groschke Rd

      WAREHOUSE, STORAGE • 2,530 SF
      17125 Groschke Rd, Houston, TX 77084-4621
      View Details
    • Value Estimation
      $3,775,000
      122,247 SF

      17200 Park Row Dr

      WAREHOUSE, STORAGE • 122,247 SF
      17200 Park Row Dr, Houston, TX 77084
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,850 SF

      8,850 SF Flex Space Available

      8,850 SF flex space with office and warehouse components.
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    • $7,200,000
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      Longhorn Business Park Investment

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      Houston Industrial Property: 8,034 SF

      Flex space, warehouse, & office ideal for contractors.
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    • $2,600,000

      Houston Industrial Land - 5 Acres

      Prime Houston location, 5 acres, ideal for development.
      16205 Kieth Harrow Blvd, Houston, TX 77084
      View Details
    • $3,760,000
      9.60 Acres

      Katy Land: 9.6 Acres, Prime Development

      9.6 acres, multi-use potential, excellent location.
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      Prime Houston office condos, vacant & ready.
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    Similar Nearby for Lease

    • $10 SF/Yr
      11,700 SF

      West Houston Industrial Space

      11,700 SF Flex Space - New Construction
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    • $11 SF/Yr
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      Houston Warehouse/Flex Space for Lease

      Prime Harris County industrial space available.
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    • $9 SF/Yr
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      Energy Corridor Flex Space Available

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      View Details
    • $1.27 SF/Yr
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      Timber Creek Place Ln Space

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    • Contact for pricing
      2,500 SF

      Houston Office/Warehouse Space For Lease

      2,500 SF office/warehouse on 1.21-acre lot in Houston.
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      View Details
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      2,665 SF

      Energy Corridor Flex/Industrial Space

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      View Details
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    17939 Kieth Harrow Blvd
    Houston, TX 77084-5720
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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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