Fully Occupied Retail
1212 Durham Dr, Houston, TX 77007
13,345 SF retail center in Houston's Heights/Washington Corridor.
Type:Retail
Property size:
13,345 SFLot size:
0.55 AcresPrice / SF:
$257/SF- Added:
- May 26, 2026
- Days on Market:
- 8
- Last Refresh:
- May 27 at 8:26 am
Property Features for 1212 Durham Dr
General Information
- Standard status
- Active
- Size
- 13,345 SF
- Lot size
- 0.55 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agent Jennifer Pierson License #424317-B
Listing office STRIVE Commercial Real Estate Advisors
Listing date May 26, 2026
Source Crexi
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 STRIVE Commercial Real Estate Advisors
HighLights
- Prime location in the highly desirable Heights/Washington Avenue Corridor of Houston.
- Fully occupied retail center with stable tenants.
- NNN lease structures offer passive income and ease of management.
- Strong demographics with high average household income and large population.
- Recently renovated including parking lot restriping, exterior paint, signage, and tenant build‑outs with new plumbing and HVAC.
- Weighted average lease term of 7.4 years ensures consistent cash flow.
Overview
Durham Shops is a 13,345-square-foot retail center located in Houston, Texas, in the Heights/Washington Avenue Corridor. The property is fully occupied and features three tenants with staggered lease expirations in 2030, 2033, and 2036, delivering a weighted average lease term of 7.4 years. All three tenants operate under NNN lease structures. The property has recently undergone renovations including parking lot restriping, fresh exterior paint, new signage, and full build-outs for two tenants with new plumbing and HVAC systems. Situated on 0.55 acres with ample parking, Durham Shops benefits from its location in one of Houston's urban infill submarkets, characterized by demographics including an average household income of $153,494 within a 3-mile radius and a population exceeding 208,000.
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 | $273.8k | $20.52 |
| − Vacancy | −$15.3k | −$1.15 |
| EGI | $258.5k | $19.37 |
| − OpEx | −$77.6k | −$5.81 |
| NOI | $181.0k | $13.56 |
13,345 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.59M
$2.26M – $3.02M
NOI $180,953 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,210 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Buffalo Heights District — 3663 Washington Ave Suite 100, Houston, TX 77007
- Ponderosa Land — 550 Westcott St #550, Houston, TX 77007
- Park Place Memorial — 5801 Memorial Dr, Houston, TX 77007
- The Shops on Memorial — 5535 Memorial Dr, Houston, TX 77007
- West End Shopping Center — 5320 washington ave, houston, tx 77007
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.4111501
- Latitude
- 29.7929332
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 13,345 SF retail center in Houston's Heights/Washington Corridor.
Where is this shopping center located?
The property is located at 1212 Durham Dr Houston, TX.
What is the asking price?
The asking price for this property is $3,435,000.
What are key features of this property?
This property features: Prime location in the highly desirable Heights/Washington Avenue Corridor of Houston.; Fully occupied retail center with stable tenants.; NNN lease structures offer passive income and ease of management.
