Retail/Office Space For
For Sale
Contact for pricing
11780 FM 1960, Houston, TX 77065
Retail or office space available in established center.
Property Size1,500 SF
Price / SF$266
Days on Market1362
Property Features for 11780 FM 1960
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Retail, Office
Lease Type
Modified Gross
Building Details
Year Built
1995
Listing Agency:
Texas Commercial Real Estate Services
Listed By:
Chris Joyce · License #TX 695869
(713) 473-7200
Source:
Crexi
Added: Jan 14, 2023
Changed: Sep 21
Last Checked: Oct 5 at 5:53PM
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 Texas Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This commercial property offers retail or office space available for sale. The property is located in a well-established center on FM 1960 and Fallbrook. The property size is 1500 square feet.
Key Highlights
- Retail/office space available for lease or sale.
- Located in a well‑established center.
- Located on FM 1960 and Fallbrook.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,339
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,780
$406.8K
Cap Rate 7%
$290,557
$290.6K
Cap Rate 9%
$225,989
$226.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$30.8K $20.52/SF
− Vacancy
−$1.7K −$1.15/SF
EGI
$29.1K $19.37/SF
− OpEx
−$8.7K −$5.81/SF
NOI
$20.3K $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%
$406,780
Cap Rate 7%
$290,557
Cap Rate 9%
$225,989
Alternative Uses
Best Use
Retail
$290.6K
$254.2K – $339.0K
NOI $20,339 @ 7.0% cap · market cap 5.10%
Second Best
Office B
$249.9K
$218.7K – $291.6K
NOI $17,496 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 77065, TX
37,144
Population
17,110
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,530
Density / Sq Mi
$75,496
Median Household Income
$44,334
Median Earnings
$1,371
Median Rent
$257,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
What type of property is this?
Retail space - Retail or office space available in established center.
Where is this retail space located?
The property is located at 11780 FM 1960 Houston, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Retail/office space available for lease or sale.; Located in a well‑established center.; Located on FM 1960 and Fallbrook.
