Kingwood Retail Building on
For Sale
Contact for pricing
22210 Loop 494, Kingwood, TX
Single-user retail building with ample parking and expansion potential.
Property Size2,160 SF
Lot Size0.99 Acres
Price / SF$277.78
Days on Market1051
Property Features for 22210 Loop 494
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.99 Acres
Property subtype
RETAIL
Listing Agency:
McAlpine Interests
(281) 973-0456
Listed By:
Adam McAlpine · License #600646
(281) 973-4562
Source:
Moodyscre
Added: Dec 8, 2023
Changed: Oct 2
Last Checked: Oct 23 at 10:40AM
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 McAlpine Interests
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story, single-user retail building, constructed in 1986, offers 2,160 square feet of space on Loop 494 in Kingwood. The property features 102 feet of frontage on Loop 494, which has been recently expanded. It provides convenient access to Hwy 59/I-69 and Kingwood Drive. The building includes an upgraded electrical system, HVAC, restrooms, and emergency and exit lighting. A new AC unit was installed in 2021. There is an additional storage building located at the rear of the property. The site provides abundant parking with 100 spaces, equating to a parking ratio of 10 spaces per 1,000 square feet, and offers the potential for expansion at the back of the property.
Key Highlights
- High visibility with 102 feet of frontage on Loop 494.
- Abundant parking (100 spaces) with expansion potential.
- Upgraded electrical, HVAC, restrooms, and lighting systems.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,289
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,780
$585.8K
Cap Rate 7%
$418,414
$418.4K
Cap Rate 9%
$325,433
$325.4K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$44.3K $20.52/SF
− Vacancy
−$2.5K −$1.15/SF
EGI
$41.8K $19.37/SF
− OpEx
−$12.6K −$5.81/SF
NOI
$29.3K $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%
$585,780
Cap Rate 7%
$418,414
Cap Rate 9%
$325,433
Alternative Uses
Best Use
Retail
$418.4K
$366.1K – $488.2K
NOI $29,289 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Single-user retail building with ample parking and expansion potential.
Where is this storefront property located?
The property is located at 22210 Loop 494 Kingwood, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High visibility with 102 feet of frontage on Loop 494.; Abundant parking (100 spaces) with expansion potential.; Upgraded electrical, HVAC, restrooms, and lighting systems.
