Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20120 Hardy Rd Houston, TX 77073-3224

    • Flex space
    • 8,430 SF
    • 12.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5888454
    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

    • Relevant Fuel Solutions / Fuel Supplier
    • Relevant Power Solutions / Production Facility

    Property Details for 20120 Hardy Rd

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    12.11 lot acres
    Property size
    8,430 SF
    Property type
    Flex space
    APN
    1330910010001
    APU
    1330910010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3976
    Latitude
    30.0079
    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
    $103,230
    $2,524,860
    $8,835,140
    $11,360,000
    -
    $2,524,860
    $8,835,140
    $11,360,000

    Comparable in this City

    • Value Estimation
      $2,260,000
      114,900 SF

      19423 Aldine Westfield Rd

      LIGHT INDUSTRIAL • 114,900 SF
      19423 Aldine Westfield Rd, Houston, TX 77073-3807
      View Details
    • Value Estimation
      $1,205,000
      68,424 SF

      19522 Aldine Westfield Rd

      LIGHT INDUSTRIAL • 68,424 SF
      19522 Aldine Westfield Rd, Houston, TX 77073-3840
      View Details
    • Value Estimation
      $880,000
      39,412 SF

      425 Bammel Rd

      LIGHT INDUSTRIAL • 39,412 SF
      425 Bammel Rd, Houston, TX 77073-1801
      View Details
    • Value Estimation by Request
      6,500 SF

      17415 Carlsway Rd

      Flex space • 6,500 SF
      17415 Carlsway Rd, Houston, TX 77073
      View Details
    • Value Estimation
      $720,000
      26,620 SF

      1521 Richey Rd

      LIGHT INDUSTRIAL • 26,620 SF
      1521 Richey Rd, Houston, TX 77073-3510
      View Details
    • Value Estimation
      $825,000
      43,975 SF

      1517 Richey Rd

      LIGHT INDUSTRIAL • 43,975 SF
      1517 Richey Rd, Houston, TX 77073
      View Details

    Similar Nearby for Sale

    • $1,918,000
      13,700 SF

      Houston Warehouse: $1.9M

      13,700 SF Warehouse, Owner/User
      13610 Rankin Cir, Houston, TX 77073
      View Details
    • Contact for pricing
      82,680 SF

      ALD-WEST Commerce Center

      Houston Distribution Warehouse, 82,680 SF
      17217 Aldine Westfield Rd, Houston, TX 77073
      View Details
    • Contact for pricing

      Automated Truck Loading Rack Facility

      Truck loading rack with pipeline connections and expansion potential.
      17617 Aldine Westfield Rd, Houston, TX 77073
      View Details
    • Contact for pricing
      66,300 SF

      ALD-WEST Commerce Center: Houston Distribution Space

      66,300 SF Distribution Center - New Construction
      17209 Aldine Westfield Rd, Houston, TX 77073
      View Details
    • $1,918,000
      13,700 SF

      Houston Industrial Distribution Center

      13,700 SF Warehouse, $1.9M Owner/User
      13610 Rankin Cir, Houston, TX 77073
      View Details
    • Contact for pricing
      11,200 SF

      Houston Industrial Warehouse For Sale

      11,200 SF Manufacturing Space in Houston, TX
      511 Rankin Cir, Houston, TX 77073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,120 SF

      Office Warehouse Space Available

      Divisible office warehouse space with convenient highway access.
      22505-22515 Imperial Valley Dr, Houston, TX 77073
      View Details
    • Contact for pricing
      13,969 SF

      Northpark Central Drive Flex Space

      Flex space with office, warehouse, and convenient highway access.
      600 Northpark Central Dr, Houston, TX 77073
      View Details
    • $0.75 SF/Yr
      7 SF

      Farrell Road Industrial Space Available

      Industrial spaces available in Farrell Road Industrial Park.
      2940-3014 Farrell Rd, Houston, TX 77073
      View Details
    • Contact for pricing
      21,750 SF

      Houston Warehouse Space For Lease

      Modern warehouse, multiple suites available
      22505 Imperial Valley Dr, Houston, TX 77073
      View Details
    • Contact for pricing
      13,700 SF

      Secured Warehouse with Office Space

      13,700 SF warehouse with office on 1.37 acres.
      13610 Rankin Cir E, Houston, TX 77073
      View Details
    • Contact for pricing

      Four Northwest Houston Warehouse Buildings

      Four warehouse buildings totaling 104,600 SF available for lease.
      21535 Cypress Slough Dr, Houston, TX 77073
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20120 Hardy Rd
    Houston, TX 77073-3224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!