10070 Veterans Memorial Drive, Houston, TX
New auto shop near Jersey Village with high traffic frontage.
- Added:
- Mar 29, 2021
- Days on Market:
- 1908
- Last Refresh:
- May 19 at 9:56 pm
Property Features for 10070 Veterans Memorial Drive
General Information
- Standard status
- Active
- Size
- 23,750 SF
- Lot size
- 2.07 Acres
- Property subtype
- RETAIL
Listing agent Joel C. English License #465800
Listing office Texas CRES (281) 898-0895
Listing date Mar 29, 2021
Source Moodyscre
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 CRES
HighLights
- New 9,000 SF building with 5 drive‑in bays with lifts, enclosed office/reception area & an additional covered open repair area.
- Excellent visibility with 135 feet of frontage on Veterans Memorial and access from Forestburg Drive.
- High traffic location: Average of 28,800 vehicles per day on Veterans Memorial.
- Outstanding investment opportunity near Jersey Village, SH‑249, & Beltway 8.
- Ample parking on 20,800 SF paved area.
- Easy access to Beltway 8 (1.5 miles), I‑45 (1.8 miles) & SH‑249 (less than 3 miles).
Overview
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 | $487.4k | $20.52 |
| − Vacancy | −$27.3k | −$1.15 |
| EGI | $460.1k | $19.37 |
| − OpEx | −$138.0k | −$5.81 |
| NOI | $322.0k | $13.56 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Universal Truck General Mechanic — Kingmont, TX 77088
- New Star Muffler — Kingmont, TX 77088
- D.R.V Tire Shop — 8933 Veterans Memorial Dr, Houston, TX 77088
- Quality Transmissions — 90 Lochland Ln, Houston, TX 77088
- Sandoval Wrecker Service - Container Towing Service, Quality Towing Service — 8746 Braunston Ln, Houston, TX 77088
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.4432
- Latitude
- 29.9169
