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

    7229 Jackrabbit Rd Houston, TX 77095-3515

    • Flex space
    • 19,884 SF
    • 3.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0211568
    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

    • Metal Construction Materials / Construction Company
    • Paramount Steel / Construction Company / General Contractor

    Property Details for 7229 Jackrabbit Rd

    Year built
    2015
    Construction
    METAL FRAME
    Lot size
    3.33 lot acres
    Property size
    19,884 SF
    Property type
    Flex space
    APN
    1367650010001
    APU
    1367650010001

    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
    -95.6216
    Latitude
    29.8831
    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
    $13,409
    $797,681
    $1,211,551
    $2,009,232
    -
    $797,681
    $1,211,551
    $2,009,232

    Comparable in this City

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      $1,150,000
      100,460 SF

      9401 Telge Rd

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      9401 Telge Rd, Houston, TX 77095-5110
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      $725,000
      18,340 SF

      9710 Telge Rd

      LIGHT INDUSTRIAL • 18,340 SF
      9710 Telge Rd, Houston, TX 77095-5004
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    • Value Estimation
      $670,000
      40,256 SF

      9605 Kirkton Dr

      LIGHT INDUSTRIAL • 40,256 SF
      9605 Kirkton Dr, Houston, TX 77095-5037
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    • Value Estimation
      $885,000
      28,160 SF

      9009 Jackrabbit Rd

      LIGHT INDUSTRIAL • 28,160 SF
      9009 Jackrabbit Rd, Houston, TX 77095-3107
      View Details
    • Value Estimation
      $1,335,000
      42,570 SF

      8909 Jackrabbit Rd

      LIGHT INDUSTRIAL • 42,570 SF
      8909 Jackrabbit Rd, Houston, TX 77095-5621
      View Details

    Similar Nearby for Sale

    • $1,212,750
      8,250 SF

      Jackrabbit Road Industrial Park

      Cypress, TX Industrial Investment
      9201 Jackrabbit Rd, Houston, TX 77095
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      8,250 SF

      New Office/Warehouse Buildings For Sale

      Four freestanding office/warehouse buildings under construction near Highway 6.
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    • $1,310,640

      Cleared Lot Near Highway 6

      Cleared lot approved for multifamily, retail, or flex building.
      15200 Point Northwest Blvd Northwest, Houston, TX 77095
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      44,870 SF

      Houston Warehouse with 32' Clearance

      44,870 SF warehouse in Houston, TX with build-to-suit office.
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    • $795,000

      FM 529 Land Opportunity

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      5,742 SF

      Houston Retail Property For Sale

      Retail property in Houston, Texas, featuring childcare and exercise facilities.
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    Similar Nearby for Lease

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      2,200 SF

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      8,000 SF

      Versatile Office and Warehouse Space

      Spacious office and warehouse with excellent access to major highways.
      8909 Jackrabbit Rd, Houston, TX 77095
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      8 SF

      Industrial Space in Jackrabbit Park

      8,400 SF industrial space available for lease.
      8515 Jackrabbit Rd, Houston, TX 77095
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    • Contact for pricing
      8,400 SF

      8,400 SF Warehouse Space

      8,400 SF warehouse with office space for lease.
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    • $1.10 SF/Yr
      6,000 SF

      6,000 SF Warehouse Sublease

      6,000 SF building for sublease with office space.
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    • Contact for pricing
      50,000 SF

      Northwest Houston Warehouse Space

      50,000 SF warehouse with dock high loading in Houston.
      10620 Telge Rd, Houston, TX 77095
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    7229 Jackrabbit Rd
    Houston, TX 77095-3515
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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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