Mixed-Use Building with Shop
1108 Center Street, Deer Park, TX 77536
For Sale
$400,000
A second-floor apartment complements the ground-level commercial shop area.
Property Size1,800 SF
Price / SF$250
Days on Market10
Property Features for 1108 Center Street
General Information
Standard status
Size
Class
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Mixed-Use Components
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
KW Commercial Texas
Listed By:
Tim Larson · License #695022
(281) 508-0800
Source:
Realnex
Added: Oct 29
Changed: Nov 4
Last Checked: Nov 6 at 5:05AM
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 KW Commercial Texas
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Investment Insights
Based on property information with market context.
Built in 2019, the property combines a main shop area with a second-floor apartment. The shop measures approximately 1,000 square feet, while the apartment adds 600 square feet of residential space. Zoning is WHSE.
An off-road performance vehicle business currently occupies the property under a month-to-month lease; the business itself is not part of the sale. The site is near SH-225 and the Port of Houston, with oil and gas refineries in the surrounding area.
An off-road performance vehicle business currently occupies the property under a month-to-month lease; the business itself is not part of the sale. The site is near SH-225 and the Port of Houston, with oil and gas refineries in the surrounding area.
Key Highlights
- Approximately 1,000 SF of main shop space
- 600 SF second‑floor apartment
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,400
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,000
$408.0K
Cap Rate 7%
$291,429
$291.4K
Cap Rate 9%
$226,667
$226.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$38.4K $24.00/SF
− Vacancy
−$5.8K −$3.60/SF
EGI
$32.6K $20.40/SF
− OpEx
−$12.2K −$7.65/SF
NOI
$20.4K $12.75/SF
Area
Harris County, TX
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,000
Cap Rate 7%
$291,429
Cap Rate 9%
$226,667
Alternative Uses
Best Use
Mixed Use
$291.4K
$255.0K – $340.0K
NOI $20,400 @ 7.0% cap · market cap 5.10%
Second Best
Retail
$271.6K
$237.6K – $316.9K
NOI $19,011 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$436.9K
$382.3K – $509.7K
NOI $30,582 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 34%
Hotels & Casinos 3%
Home Improvements & Furnishings 3%
McDonald's
Dining
23,760 visits/mo
0.1 miles
Whataburger
Dining
20,217 visits/mo
0.4 miles
Dollar General
Shops & Services
10,727 visits/mo
0.4 miles
Shell
Shops & Services
8,450 visits/mo
0.5 miles
Circle K
Shops & Services
8,216 visits/mo
0.4 miles
Demographics for 77536, TX
33,693
Population
12,086
Households
2.8
Avg Household Size
37
Median Age
26%
College-Educated
91%
High-School Grad
9.8 sq mi
ZIP Area
3,438
Density / Sq Mi
$96,297
Median Household Income
$49,817
Median Earnings
$1,344
Median Rent
$238,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Harris County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor apartment complements the ground-level commercial shop area.
Where is this mixed-use property located?
The property is located at 1108 Center Street Deer Park, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 1,000 SF of main shop space; 600 SF second‑floor apartment; Built in 2019
