Multi-Tenant Retail
13157 Northwest Freeway, Houston, TX 77040
For Sale
Contact for pricing
At 95% occupancy, the center serves retail, medical, educational, restaurant, and service tenants, primarily on triple-net leases.
Property Size86,515 SF
Lot Size9.27 Acres
Price / SF$171.29
Days on Market39
Property Features for 13157 Northwest Freeway
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License TX 0522087-SA
(972) 755-5225
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 5:49PM
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 - Dallas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Houston retail center contains 86,515 square feet across approximately 9.27 acres. Built in 1997, it offers suites ranging from 600 to 24,000 square feet, with approximately 4,450 square feet currently available. Occupancy is 95%, and tenants represent retail, medical, educational, restaurant, and service uses. Lease structures are primarily triple-net.
The property fronts Northwest Freeway (US-290) and also has exposure along Hollister Street. Multiple access points and a surface parking field serve the center. Traffic on US-290 is approximately 201,615 vehicles per day. Loop 610 and Beltway 8 provide connections to the broader Houston area.
The property fronts Northwest Freeway (US-290) and also has exposure along Hollister Street. Multiple access points and a surface parking field serve the center. Traffic on US-290 is approximately 201,615 vehicles per day. Loop 610 and Beltway 8 provide connections to the broader Houston area.
Key Highlights
- 86,515‑square‑foot retail center on approximately 9.27 acres
- 95% occupied, with approximately 4,450 square feet available
- Suite sizes range from 600 to 24,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,173,110
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,462,200
$23.5M
Cap Rate 7%
$16,758,714
$16.8M
Cap Rate 9%
$13,034,556
$13.0M
Market Conditions
NOI Build-Up for 86,515 SF
Gross rent
$1.78M $20.52/SF
− Vacancy
−$99.4K −$1.15/SF
EGI
$1.68M $19.37/SF
− OpEx
−$502.8K −$5.81/SF
NOI
$1.17M $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%
$23,462,200
Cap Rate 7%
$16,758,714
Cap Rate 9%
$13,034,556
Alternative Uses
Best Use
Retail
$16.76M
$14.66M – $19.55M
NOI $1,173,110 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.25M
$19.47M – $25.95M
NOI $1,557,270 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
201,615 VPD
Traffic count
95%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77040, TX
49,524
Population
19,197
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
79%
High-School Grad
13.8 sq mi
ZIP Area
3,589
Density / Sq Mi
$67,254
Median Household Income
$37,004
Median Earnings
$1,343
Median Rent
$224,200
Median Home Value
Market
Properties on Market for Shopping centers in Houston
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Shops on West Tidwell — 13445 Northwest Fwy, Houston, TX 77040
- SL Plaza — 13509 Northwest Fwy, Houston, TX 77040
- Northwest Marketplace — 13706-13846 Northwest Fwy, Houston, TX 77040
Frequently Asked Questions
What type of property is this?
Shopping center - At 95% occupancy, the center serves retail, medical, educational, restaurant, and service tenants, primarily on triple-net leases.
Where is this shopping center located?
The property is located at 13157 Northwest Freeway Houston, TX.
What is the asking price?
The asking price for this property is $14,819,000.
What are key features of this property?
This property features: 86,515‑square‑foot retail center on approximately 9.27 acres; 95% occupied, with approximately 4,450 square feet available; Suite sizes range from 600 to 24,000 square feet
