Retail Building With Pylon
For Sale
Contact for pricing
1114 W FM 1960 Road, Houston, TX 77090
Retail property with substantial site area, on-site parking, and access to a lighted pylon sign.
Property Size3,410 SF
Price / SF$262.46
Days on Market188
Property Features for 1114 W FM 1960 Road
General Information
Standard status
Active
Size
3,410 SF
Property subtype
RETAIL
Listing Agency:
Davis Commercial
(713) 528-9776
Listed By:
Mark Davis · License #409852
(972) 387-0300
Source:
Moodyscre
Added: Apr 13
Changed: Oct 2
Last Checked: Oct 16 at 12:02PM
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 Davis Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property includes a 3,410-square-foot building situated on a 25,500-square-foot parcel. The site offers ample parking and features a large illuminated pylon sign for on-site identification. The property is described as having no restrictions, providing flexibility for retail-oriented use.
Located at 1114 W FM 1960 Road in Houston, the property is in close proximity to I-45. The site also includes a billboard associated with annual income, although no income amount is referenced here.
Located at 1114 W FM 1960 Road in Houston, the property is in close proximity to I-45. The site also includes a billboard associated with annual income, although no income amount is referenced here.
Key Highlights
- 3,410 SF retail building
- 25,500 SF land area
- Ample parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,238
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,760
$924.8K
Cap Rate 7%
$660,543
$660.5K
Cap Rate 9%
$513,756
$513.8K
Market Conditions
NOI Build-Up for 3,410 SF
Gross rent
$70.0K $20.52/SF
− Vacancy
−$3.9K −$1.15/SF
EGI
$66.1K $19.37/SF
− OpEx
−$19.8K −$5.81/SF
NOI
$46.2K $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%
$924,760
Cap Rate 7%
$660,543
Cap Rate 9%
$513,756
Alternative Uses
Best Use
Retail
$660.5K
$578.0K – $770.6K
NOI $46,238 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$876.9K
$767.3K – $1.02M
NOI $61,380 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Hotels & Casinos 45%
Donut Delight
Dining
2,918 visits/mo
0.3 miles
Holiday Inn Express
Hotels & Casinos
2,392 visits/mo
0.3 miles
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with substantial site area, on-site parking, and access to a lighted pylon sign.
Where is this retail space located?
The property is located at 1114 W FM 1960 Road Houston, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,410 SF retail building; 25,500 SF land area; Ample parking on site
