High-Traffic Shopping Center
550 FM 1959 RD Houston, TX
550 FM 1959 RD, Houston, TX, 00000
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For Sale
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Thriving shopping center off I-45 with multiple income streams.
Property Size9,110 SF
Lot Size0.84 Acres
Price / SF$230.52
Days on Market462
Property Features for 550 FM 1959 RD
General Information
- Standard status
- Active
- Size
- 9,110 SF
- Lot size
- 0.84 Acres
- Property subtype
- RETAIL
Listing agency
Ramos Realty Group
(713) 480-2440
Listed by
Juan Ramos · License #TEXAS9016824
(713) 480-2440
Source
Moodyscre
Added: Apr 17, 2025 Updated: Jul 6 at 9:37AM Checked: Jul 21 at 4:10AM
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
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.
Local Financial Insights For Specialty 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 | $196.8k | $21.60 |
| − Vacancy | −$9.8k | −$1.08 |
| EGI | $186.9k | $20.52 |
| − OpEx | −$46.7k | −$5.13 |
| NOI | $140.2k | $15.39 |
9,110 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,203 @ 7.0% cap · market cap 6.68%
Second Best
Retail
$1.76M
$1.54M – $2.06M
NOI $123,528 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,980 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pupuseria Crusita
Food Processing Plant
Abby’s banquet hall#2
Hotel & Motel
Taqueria la Poblanita ...
Restaurant
Discount Auto Repairs ...
Auto Repair Shop
DKCHE TACOS Y ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Ellington Park Plaza — 957 FM1959, Houston, TX 77034
FAQs
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 $2,100,000.
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.
