Building Details

Year Built 2000

Tenancy Multi

Listing Agency: HomeSmart Show Phone

Listed By: Gaston Garrido · License #0732750 Show Phone

Source: Moodyscre

Added: Oct 9, 2025 Changed: Oct 2 Last Checked: Oct 16 at 9:54AM

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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.

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 / Yr

$126,810

Cap Rate

3.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,536,200 $2.5M

Cap Rate 7%

$1,811,571 $1.8M

Cap Rate 9%

$1,409,000 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,352 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $168,336 @ 7.0% cap · market cap 4.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hair & Nail Studio Hair Salon Sunshine Cafe Co. Bakery Blind Pig Liquor (Bike/Boat/Book/etc) Store Citi Donut Bakery Abby Gallegos Mousner ... Insurance Agency

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in Houston, TX

6.9% 2019

8.2% 2020

7.6% 2021

6.4% 2022

6% 2023

6.6% 2024

6.6% 2025

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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