Houston Retail Center For
For Sale
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12033 Misty Valley Dr, Houston, TX 77066
6,510 SF retail center in Houston, 100% occupied.
Property Size6,510 SF
Lot Size0.52 Acres
Price / SF$153.46
Days on Market258
Property Features for 12033 Misty Valley Dr
General Information
Standard status
Active
Size
6,510 SF
Class
B
Total Parking Spaces
25
Lot size
0.52 Acres
Property subtype
Retail
Zoning
COM
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$86,935
Building Details
Year Built
1972
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Gus Lagos · License #TX 419197
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 Marcus & Millichap - Houston
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Investment Insights
Based on property information with market context.
The Misty Valley Shopping Center is a 6,510-square-foot retail center situated on a 0.52 acre tract of land fronting Misty Valley Drive in Houston, Texas. The property is 100 percent occupied, with all tenant leases structured as triple-net. Klein Forest High School is located across the street from the property. The property is offered for sale.
Key Highlights
- 100% Occupancy ensures immediate income.
- Boasting an 8.70% Cap Rate.
- Triple‑Net (NNN) Leases offer simplified management.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,273
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,765,460
$1.8M
Cap Rate 7%
$1,261,043
$1.3M
Cap Rate 9%
$980,811
$980.8K
Market Conditions
NOI Build-Up for 6,510 SF
Gross rent
$133.6K $20.52/SF
− Vacancy
−$7.5K −$1.15/SF
EGI
$126.1K $19.37/SF
− OpEx
−$37.8K −$5.81/SF
NOI
$88.3K $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%
$1,765,460
Cap Rate 7%
$1,261,043
Cap Rate 9%
$980,811
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,273 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,180 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77066, TX
34,443
Population
12,156
Households
2.8
Avg Household Size
35
Median Age
20%
College-Educated
77%
High-School Grad
8.6 sq mi
ZIP Area
4,005
Density / Sq Mi
$83,545
Median Household Income
$36,865
Median Earnings
$1,396
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Shopping center - 6,510 SF retail center in Houston, 100% occupied.
Where is this shopping center located?
The property is located at 12033 Misty Valley Dr Houston, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 100% Occupancy ensures immediate income.; Boasting an 8.70% Cap Rate.; Triple‑Net (NNN) Leases offer simplified management.
