Shopping Center with Corner Development
For Sale
Contact for pricing
6525 Lawndale Street, Houston, TX 77023
Multi-building corner shopping center with existing retail, medical and office space plus land for additional retail development.
Property Size11,190 SF
Lot Size2.12 Acres
Price / SF$268.10
Days on Market679
Property Features for 6525 Lawndale Street
General Information
Standard status
Active
Size
11,190 SF
Lot size
2.12 Acres
Property subtype
RETAIL
Additional Details
Asking Price
$3,000,000
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Carlos Garcia Realty
(281) 235-9904
Listed By:
Bill Garcia · License #174458
Source:
Moodyscre
Added: Sep 20, 2024
Changed: Jul 30
Last Checked: Jul 30 at 6:04AM
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 Carlos Garcia Realty
Investment Insights
Based on property information with market context.
This shopping center offers a three-space retail configuration totaling 11,190 SF (HCAD), along with additional income-supporting space including an 8,260 SF cafeteria, a 1,430 SF medical clinic, a 700 SF pharmacy, and an 800 SF office. The land includes room to build additional retail on the corner, supporting an expansion opportunity tied to the existing center.
The property is located at the corner of Lawndale and Wayside Drive on a 2.115-acre site (92,170 SF). It borders the recently renovated Gus Wortham Golf Course, Villa De Matel Convent, Houston Country Club Addition, and Idylwood Addition, creating a well-defined setting for neighborhood-serving uses.
Lease expirations are scheduled for the 1st Qtr. 2025, which may be a key consideration for planning near-term occupancy and tenant mix for the retail/office development on the corner.
The property is located at the corner of Lawndale and Wayside Drive on a 2.115-acre site (92,170 SF). It borders the recently renovated Gus Wortham Golf Course, Villa De Matel Convent, Houston Country Club Addition, and Idylwood Addition, creating a well-defined setting for neighborhood-serving uses.
Lease expirations are scheduled for the 1st Qtr. 2025, which may be a key consideration for planning near-term occupancy and tenant mix for the retail/office development on the corner.
Key Highlights
- 2.115‑acre site (92,170 SF) at the corner of Lawndale and Wayside Drive
- Existing 11,190 SF (HCAD) three‑space retail center
- Additional on‑site space: 8,260 SF cafeteria, 1,430 SF medical clinic, 700 SF pharmacy
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 | $241.7k | $21.60 |
| − Vacancy | −$12.1k | −$1.08 |
| EGI | $229.6k | $20.52 |
| − OpEx | −$57.4k | −$5.13 |
| NOI | $172.2k | $15.39 |
11,190 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.46M
$2.15M – $2.87M
NOI $172,214 @ 7.0% cap · market cap 5.74%
Second Best
Healthcare Medical
$2.18M
$1.90M – $2.54M
NOI $152,274 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,420 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-building corner shopping center with existing retail, medical and office space plus land for additional retail development.
Where is this shopping center located?
The property is located at 6525 Lawndale Street Houston, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 2.115‑acre site (92,170 SF) at the corner of Lawndale and Wayside Drive; Existing 11,190 SF (HCAD) three‑space retail center; Additional on‑site space: 8,260 SF cafeteria, 1,430 SF medical clinic, 700 SF pharmacy
