Mixed-Use Property with Multiple
For Sale
$525,000
13908 Garber Lane, Houston, TX 77015
Combination of residential, restaurant, retail, and auxiliary commercial improvements.
Property Size1,440 SF
Lot Size0.50 Acres
Days on Market14
Property Features for 13908 Garber Lane
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.50 Acres
Property subtype
Multi Family,Multiple Detached Dwellings
Taxes and HOA fees
Annual Taxes
$5,647
Building Details
Building Size
1,440 SF
Year Built
1962
Listing Agency:
Century 21 Garlington & Assoc.
(832) 260-3136
Listed By:
Ana Henriquez · License #0629334
(832) 260-3136
Source:
Mpowerrealtygroup
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 22 at 7:35AM
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 Century 21 Garlington & Assoc.
Investment Insights
Based on property information with market context.
This mixed-use property combines a brick residence with several commercial components. The home contains 1,200 square feet, three bedrooms, and 1.5 bathrooms. Commercial improvements include a taqueria space with an attached shed and parking lot, along with a separate 900-square-foot building that may support an additional lease. A portable retail building on a vacant lot is currently leased.
Built in 1962, the property brings residential and commercial uses together within one approximately half-acre site. The existing configuration includes multiple structures, parking, and leased space, while the separate building provides another potential leasing component. The property is located at 13908 Garber Lane in Houston, Texas.
Built in 1962, the property brings residential and commercial uses together within one approximately half-acre site. The existing configuration includes multiple structures, parking, and leased space, while the separate building provides another potential leasing component. The property is located at 13908 Garber Lane in Houston, Texas.
Key Highlights
- Approximately half an acre with multiple residential and commercial structures
- 1,200‑square‑foot brick residence with 3 bedrooms and 1.5 bathrooms
- Taqueria space includes a shed and parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,240
$443.2K
Cap Rate 7%
$316,600
$316.6K
Cap Rate 9%
$246,244
$246.2K
Market Conditions
NOI Build-Up for 1,440 SF
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.
Gross rent
$31.1K $21.60/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$29.5K $20.52/SF
− OpEx
−$7.4K −$5.13/SF
NOI
$22.2K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,240
Cap Rate 7%
$316,600
Cap Rate 9%
$246,244
Alternative Uses
Best Use
Specialty Retail
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
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?
Mixed-use property - Combination of residential, restaurant, retail, and auxiliary commercial improvements.
Where is this mixed-use property located?
The property is located at 13908 Garber Lane Houston, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately half an acre with multiple residential and commercial structures; 1,200‑square‑foot brick residence with 3 bedrooms and 1.5 bathrooms; Taqueria space includes a shed and parking lot
