Five-Unit Retail
For Sale
Contact for pricing
10100 West Road, Houston, TX 77064
A five-unit retail center built in 2000, including an end cap unit available for lease.
Property Size9,352 SF
Price / SF$374.25
Days on Market341
Property Features for 10100 West Road
General Information
Standard status
Active
Size
9,352 SF
Property subtype
RETAIL
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
HomeSmart
(713) 785-6666
Listed By:
Gaston Garrido · License #0732750
(612) 805-6353
Source:
Moodyscre
Added: Oct 9, 2025
Changed: Aug 15
Last Checked: Sep 14 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This five-unit retail center totals 9,352 square feet and was built in 2000. The property has been newly painted and is described as well-maintained. The tenant mix includes long-term occupants, and the center is anchored by a dry cleaner.
The property is located in the Jersey Village area of Houston, Texas, along a high-traffic commercial corridor, with easy access and visibility. An end cap unit of 2,535 square feet is available for lease and is noted as suitable for an owner-occupant.
The property is located in the Jersey Village area of Houston, Texas, along a high-traffic commercial corridor, with easy access and visibility. An end cap unit of 2,535 square feet is available for lease and is noted as suitable for an owner-occupant.
Key Highlights
- Five‑unit retail center totaling 9,352 SF in the Jersey Village area of Houston, TX
- Built in 2000 and newly painted
- Anchored by a dry cleaner with a mix of long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,810
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,536,200
$2.5M
Cap Rate 7%
$1,811,571
$1.8M
Cap Rate 9%
$1,409,000
$1.4M
Market Conditions
NOI Build-Up for 9,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$191.9K $20.52/SF
− Vacancy
−$10.7K −$1.15/SF
EGI
$181.2K $19.37/SF
− OpEx
−$54.3K −$5.81/SF
NOI
$126.8K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,536,200
Cap Rate 7%
$1,811,571
Cap Rate 9%
$1,409,000
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.11M
NOI $126,810 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.81M
NOI $168,336 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77064, TX
48,243
Population
17,358
Households
2.8
Avg Household Size
36
Median Age
29%
College-Educated
82%
High-School Grad
14.7 sq mi
ZIP Area
3,282
Density / Sq Mi
$85,318
Median Household Income
$42,133
Median Earnings
$1,477
Median Rent
$234,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Shopping center - A five-unit retail center built in 2000, including an end cap unit available for lease.
Where is this shopping center located?
The property is located at 10100 West Road Houston, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Five‑unit retail center totaling 9,352 SF in the Jersey Village area of Houston, TX; Built in 2000 and newly painted; Anchored by a dry cleaner with a mix of long‑term tenants
