Leased Retail Center Investment
8380 N Fairbanks Rd Houston, TX 77064
8380 N Fairbanks Rd, Houston, TX, 77064
$1,000,000
For Sale
$1,000,000
4400SF FAIRBANKS DENTAL STRIP CENTER
Property Size4,400 SF
Lot Size0.36 Acres
Price / SF$227.27
Days on Market554
Property Features for 8380 N Fairbanks Rd
General Information
- Standard status
- Active
- Property type
- Individual retail properties, Other retail properties, Shopping centers, Retail properties & Spaces
- Size
- 4,400 SF
- Class
- C
- Total Parking Spaces
- 13
- Elevators
- N/A
- Lot size
- 0.36 Acres
- Occupancy
- 100%
- Net Operating Income
- $71,109
Building Details
- Year Built
- 1981
- Buildings
- 1
- Stories
- 1
- Units
- 3
Listing Office
(832) 516-5619
Listed by
Daniel
(832) 516-5619
Added: Jan 9, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This 4,400 square foot retail center is located on N Fairbanks Rd in Houston, Texas. The property is situated less than 3 miles from Sam Houston Tollway and Highway 290, providing excellent accessibility and high visibility. The property features over 124 feet of frontage on a signalized corner, with daily traffic of approximately 34,506 vehicles. Two large curb cuts and a double-sided pylon sign enhance tenant exposure. The center is 100% leased, with a major dental tenant occupying over half the space, ensuring stable income. Situated on a 0.36-acre lot, the property houses three units. The area has over 148,361 residents within a 5-mile radius and an average household income of $98,173.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.3k | $20.52 |
| − Vacancy | −$5.1k | −$1.15 |
| EGI | $85.2k | $19.37 |
| − OpEx | −$25.6k | −$5.81 |
| NOI | $59.7k | $13.56 |
4,400 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$852.3K
$745.8K – $994.4K
NOI $59,662 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Individual retail property - 4400SF FAIRBANKS DENTAL STRIP CENTER
Where is this individual retail property located?
The property is located at 8380 N Fairbanks Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,000,000.
