High-Traffic Shopping Center
For Sale
Contact for pricing
550 FM 1959 RD, Houston, TX
Thriving shopping center off I-45 with multiple income streams.
Property Size9,110 SF
Lot Size0.84 Acres
Price / SF$208.56
Days on Market552
Property Features for 550 FM 1959 RD
General Information
Standard status
Active
Size
9,110 SF
Lot size
0.84 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 550 FM 1959 RD
AFFORDABLE COMMERCIAL SPACE FOR LEASE
AVAILABLE, Now
Floor
1
Size
1,035 SF
Type
RETAIL
Lease Type
NNN
AFFORDABLE COMMERCIAL SPACE FOR LEASE – HOUSTON
550 FM 1959 Rd, Houston, TX 77034
1,035 SF | $1,199/Month | Air-Conditioned
Looking for an affordable commercial space without paying premium retail-frontage prices? This 1,035 SF commercial space offers a flexible layout and an excellent opportunity for a business that primarily operates by appointment, online, by delivery, or does not require heavy walk-in customer traffic.
The space is air-conditioned and can accommodate a variety of business uses, including office, professional services, storage, contractor operations, e-commerce, light industrial, or other commercial uses, subject to applicable requirements.
Previously used as a church, the open interior provides plenty of flexibility for a business owner to configure the space around their specific needs.
Located toward the rear of the shopping center, the property does not offer prominent street-front visibility and has limited dedicated parking. This makes the space particularly well suited for businesses that prioritize affordability, usable interior space, and accessibility over storefront exposure.
Property Highlights:
• 1,035 SF
• $1,199/month
• Air-conditioned
• Flexible open layout
• Commercial location
• Suitable for a variety of business uses
• Convenient Houston location
• Ideal for businesses that don't depend on walk-in traffic
An affordable opportunity for a business owner looking for functional commercial space without the cost of a prime retail storefront.
CALL JUAN M. RAMOS
📞 713-480-2440
Ramos Realty Group
www.ramosrg.com
Contact us
Listing Agency:
Ramos Realty Group
(713) 910-0636
Listed By:
Juan Ramos · License #TEXAS9016824
(713) 480-2440
Source:
Moodyscre
Added: Apr 17, 2025
Changed: Oct 10
Last Checked: Oct 19 at 7:32AM
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 Ramos Realty Group
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Investment Insights
Based on property information with market context.
This shopping center, strategically positioned off I-45 and Galveston Rd, is surrounded by high-density apartment complexes and homes, offering constant drive-by visibility and heavy commuter traffic. The location is suitable for businesses that thrive on convenience and accessibility. The property features a gas station with four pumps and an on-site convenience store. A taco truck with a loyal following draws a lunch crowd and keeps the energy high from day to night. The property also includes an event center that hosts parties every weekend, providing ready-made foot traffic for every other tenant on-site. The property size is 9110 square feet. This income-producing asset is located in a prime location with built-in demand.
Key Highlights
- High‑traffic location off I‑45 and Galveston Rd, ensuring constant visibility and accessibility.
- Existing gas station with 4 pumps and convenience store provides steady income and customer draw.
- On‑site event center generates significant weekend foot traffic for all tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,203
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,804,060
$2.8M
Cap Rate 7%
$2,002,900
$2.0M
Cap Rate 9%
$1,557,811
$1.6M
Market Conditions
NOI Build-Up for 9,110 SF
Gross rent
$196.8K $21.60/SF
− Vacancy
−$9.8K −$1.08/SF
EGI
$186.9K $20.52/SF
− OpEx
−$46.7K −$5.13/SF
NOI
$140.2K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,804,060
Cap Rate 7%
$2,002,900
Cap Rate 9%
$1,557,811
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,203 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$1.76M
$1.54M – $2.06M
NOI $123,528 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,980 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Ellington Park Plaza — 957 FM1959, Houston, TX 77034
Frequently Asked Questions
What type of property is this?
Shopping center - Thriving shopping center off I-45 with multiple income streams.
Where is this shopping center located?
The property is located at 550 FM 1959 RD Houston, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High‑traffic location off I‑45 and Galveston Rd, ensuring constant visibility and accessibility.; Existing gas station with **4 pumps and convenience store provides steady income and customer draw.**; On‑site event center generates significant weekend foot traffic for all tenants.
