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 Market143
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: Aug 31
Last Checked: Sep 2 at 12:57AM
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
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 = 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
$46,238
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
5.17%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
