Neighborhood Retail
12755 Walters Rd, Houston, TX 77014
For Sale
New
Contact for pricing
Four vacant suites offer flexible footprints for retail and service businesses near established community destinations.
Property Size6,000 SF
Lot Size0.50 Acres
Price / SF$216.67
Days on Market7
Property Features for 12755 Walters Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
ABC Realty Advisors
Listed By:
Nancy Wong · License TX #618679
(832) 643-9214
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 4:38AM
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 ABC Realty Advisors
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Investment Insights
Based on property information with market context.
The 6,000-square-foot retail center occupies approximately half an acre and includes four vacant suites totaling approximately 5,000 square feet. Individual spaces range from 1,000 to 1,500 square feet. Prior suite uses included an event center, daycare, drink shop, and hair salon.
At 12755 Walters Road in Houston, the property sits directly across the street from Lone Star College and Fallbrook Church. The available spaces are positioned to serve nearby residents and activity associated with these community destinations.
At 12755 Walters Road in Houston, the property sits directly across the street from Lone Star College and Fallbrook Church. The available spaces are positioned to serve nearby residents and activity associated with these community destinations.
Key Highlights
- 6,000‑square‑foot center on approximately half an acre
- Four vacant suites totaling approximately 5,000 square feet
- Suite sizes range from 1,000 to 1,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,358
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,160
$1.6M
Cap Rate 7%
$1,162,257
$1.2M
Cap Rate 9%
$903,978
$904.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$123.1K $20.52/SF
− Vacancy
−$6.9K −$1.15/SF
EGI
$116.2K $19.37/SF
− OpEx
−$34.9K −$5.81/SF
NOI
$81.4K $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%
$1,627,160
Cap Rate 7%
$1,162,257
Cap Rate 9%
$903,978
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,358 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,000 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 77014, TX
35,161
Population
13,166
Households
2.7
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
7.2 sq mi
ZIP Area
4,883
Density / Sq Mi
$54,456
Median Household Income
$34,192
Median Earnings
$1,220
Median Rent
$213,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Houston
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Shopping center - Four vacant suites offer flexible footprints for retail and service businesses near established community destinations.
Where is this shopping center located?
The property is located at 12755 Walters Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,000‑square‑foot center on approximately half an acre; Four vacant suites totaling approximately 5,000 square feet; Suite sizes range from 1,000 to 1,500 square feet
