Houston Retail Investment
For Sale
Contact for pricing
11023 Telephone Rd, Houston, TX 77075
Stabilized, income-producing commercial asset in South Houston.
Property Size6,350 SF
Price / SF$280.31
Days on Market279
Property Features for 11023 Telephone Rd
General Information
Standard status
Active
Size
6,350 SF
Total Parking Spaces
20
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1996
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
5th Stream Realty
Listed By:
Uyen Huynh · License #783112
Source:
Crexi
Added: Jan 8
Changed: Oct 4
Last Checked: Oct 12 at 7:34PM
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 5th Stream Realty
Investment Insights
Based on property information with market context.
The property at 11023 Telephone Rd offers an opportunity to acquire a stabilized, income-producing commercial asset in the South Houston submarket. The property is fully occupied. Recent capital improvements allow investors to focus on income generation. The asset has been well maintained and recently improved with a new roof. The location along Telephone Rd ensures long-term relevance due to sustained traffic counts, strong local demand, and proximity to major employment centers. This asset is suited for investors seeking dependable returns in a mature Houston submarket. The property is strategically located along Telephone Road, a major arterial serving South Houston. The area benefits from strong commuter traffic, nearby residential density, and ease of access to major highways including Beltway 8, Loop 610, and I-45. It is in close proximity to William P. Hobby Airport and surrounded by established neighborhoods and retail industrial uses. The property size is 6,350 square feet.
Key Highlights
- Fully occupied, income‑producing commercial asset.
- Recent capital improvements, including a new roof, reducing near‑term capital expenditure risk.
- Strategic location along Telephone Road** with high traffic counts and strong local demand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,104
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,080
$1.7M
Cap Rate 7%
$1,230,057
$1.2M
Cap Rate 9%
$956,711
$956.7K
Market Conditions
NOI Build-Up for 6,350 SF
Gross rent
$130.3K $20.52/SF
− Vacancy
−$7.3K −$1.15/SF
EGI
$123.0K $19.37/SF
− OpEx
−$36.9K −$5.81/SF
NOI
$86.1K $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%
$1,722,080
Cap Rate 7%
$1,230,057
Cap Rate 9%
$956,711
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,104 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,300 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Burger King
Dining
14,073 visits/mo
0.2 miles
Shell
Shops & Services
8,711 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
6,227 visits/mo
0.2 miles
Exxon
Shops & Services
3,692 visits/mo
0.2 miles
Demographics for 77075, TX
38,873
Population
13,267
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
11.2 sq mi
ZIP Area
3,471
Density / Sq Mi
$71,509
Median Household Income
$34,327
Median Earnings
$1,225
Median Rent
$219,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Stabilized, income-producing commercial asset in South Houston.
Where is this retail space located?
The property is located at 11023 Telephone Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Fully occupied, income‑producing commercial asset.; Recent capital improvements, including a **new roof**, reducing near‑term capital expenditure risk.; Strategic location along Telephone Road** with high traffic counts and strong local demand.
