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    7201 Harwin Dr Houston, TX 77036

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    7201 Harwin Dr Houston, TX 77036

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    • Strip malls
    • 19,252 SF
    • 2.79 lot acres
    For Lease
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    Retail Space in Harwin District For Lease
    Contact for pricing

    Retail Space in Harwin District

    Retail space available in the heart of the Harwin District.

    7201 Harwin Dr., Houston, TX 77036
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    Property ID
    US82-3467364
    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

    • Chai Khana / Restaurant
    • Regency Square / Shopping Center & Mall
    • Houston Aviation Supplies / Freight Service / Logistics Company

    Property Details for 7201 Harwin Dr

    Year built
    1984
    Construction
    BRICK
    Lot size
    2.79 lot acres
    Property size
    19,252 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1071900000009
    APU
    1071900000009

    Description

    This exceptional retail opportunity is located in the vibrant Harwin Shopping District at 7201 Harwin Dr., Houston, TX 77036. The property, situated on 2.789 acres, offers a single-story building totaling 41,611 square feet. Currently, there is one available space of 1,400 square feet, representing a highly visible end-cap unit at the corner of Harwin Drive and Regency Square Boulevard. This prime location ensures maximum exposure to the substantial foot traffic of the Harwin Wholesale Trade Area. Built in 1984, the building is well-maintained and offers excellent potential for a variety of retail businesses. The minimum divisible space is 1,400 square feet, and the maximum contiguous space available is also 1,400 square feet. This property is ideal for businesses seeking a strong presence in a bustling commercial hub within Harris County. The property's location in the SW Houston Harwin submarket provides easy access to major transportation routes and a diverse customer base. Don't miss this chance to establish your business in a thriving retail environment.

    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
    Harris
    State
    Texas
    Longitude
    -95.51
    Latitude
    29.7174
    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
    $45,151
    $1,822,470
    $424,610
    $2,247,080
    -
    $1,822,470
    $424,610
    $2,247,080

    Comparable in this City

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      $740,000
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      9510 Beechnut St

      SHOPPING CENTER, STRIP CENTER • 29,145 SF
      9510 Beechnut St, Houston, TX 77036-6608
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    • Value Estimation
      $810,000
      20,997 SF

      9801 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 20,997 SF
      9801 Bissonnet St, Houston, TX 77036-8364
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    • Value Estimation
      $1,465,000
      58,198 SF

      8410 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 58,198 SF
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    • Value Estimation
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      30,520 SF

      9750 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 30,520 SF
      9750 Bellaire Blvd, Houston, TX 77036-3445
      View Details
    • Value Estimation
      $730,000
      33,413 SF

      7631 Clarewood Dr

      SHOPPING CENTER, STRIP CENTER • 33,413 SF
      7631 Clarewood Dr, Houston, TX 77036-4921
      View Details

    Similar Nearby for Sale

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      38,579 SF

      Prime Retail Site on Highway

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      8,000 SF

      Equipped Sign Shop For Sale

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      1,000 SF

      Retail Storefront on Harwin Drive

      Retail storefront offering unique items for collectors and gift seekers.
      9305 Harwin Dr, Houston, TX 77036
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      50,000 SF

      Retail Space on Harwin Drive

      20000 SF retail property available for lease.
      7958 Harwin Dr, Houston, TX 77036
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      Prime Land with High Visibility

      Land with high traffic, visibility, and development incentives.
      9700 Bissonnet St, Houston, TX 77036
      View Details
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      113,851 SF

      Houston Office Building For Sale

      Office building with 113,851 square feet of space.
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    Similar Nearby for Lease

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      Afton Oaks Retail Center

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      Iconic Houston Chinatown Shopping Center

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      Bellaire Boulevard Retail/Office Space

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      5,900 SF

      Retail Space on Bellaire Boulevard

      Retail space available for lease on Bellaire Boulevard.
      11900 Bellaire Blvd, Houston, TX 77036
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      Retail/Office Space Available for Lease

      Retail and office spaces for lease in Houston, TX.
      7511 S Gessner Rd, Houston, TX 77036
      View Details
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      4,000 SF

      Retail Space on Bissonnet Street

      Retail property available for lease on Bissonnet Street.
      9671-9685 Bissonnet St, Houston, TX 77036
      View Details
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    Houston, TX 77036
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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.

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    7201 Harwin Dr, Houston, TX, 77036

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