Former Automotive Retail
For Sale
Contact for pricing
14042 Old HWY 59 N, Splendora, TX 77372
4,800 SF commercial space in high-growth area.
Property Size4,800 SF
Price / SF$109.38
Days on Market284
Property Features for 14042 Old HWY 59 N
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail, Mixed Use, Office, Industrial
Zoning
Commercial
Building Details
Buildings
1
Listing Agency:
Anne Vickery Real Estate
(832) 398-1021
Listed By:
Trisha Cranney · License #0641612
Source:
Crexi
Added: Nov 2, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:56PM
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 Anne Vickery Real Estate
Investment Insights
Based on property information with market context.
The property is a former automotive parts store and retail building situated in a prime location. It features 4,800 square feet of vacant commercial space, suitable for various retail or professional uses. The warehouse and office space includes single-phase power, high ceilings, two 12-foot grade-level roll-up doors, and a loft. Located in a high-growth area with increasing traffic, the property is adjacent to a new development that is coming soon. It offers 110 feet of frontage on Business 59 N, providing easy access to US-59/I-69 and FM 2090. The location is 4 miles from TX-242 and 9 miles north of 99/Valley Ranch.
Key Highlights
- Prime location with 110 feet of frontage on Business 59 N in a high‑growth area.
- 4,800 sf commercial vacant space ready for build out** to suit a variety of retail or professional uses.
- Easy access to US‑59/I‑69 & FM 2090.
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
$29,666
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
5.65%
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%
$593,320
$593.3K
Cap Rate 7%
$423,800
$423.8K
Cap Rate 9%
$329,622
$329.6K
Market Conditions
NOI Build-Up for 4,800 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
$37.2K $7.76/SF
− Vacancy
−$2.3K −$0.49/SF
EGI
$34.9K $7.27/SF
− OpEx
−$5.2K −$1.09/SF
NOI
$29.7K $6.18/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
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%
$593,320
Cap Rate 7%
$423,800
Cap Rate 9%
$329,622
Alternative Uses
Best Use
Retail
$929.8K
$813.6K – $1.08M
NOI $65,086 @ 7.0% cap · market cap 12.40%
Second Best
Office B
$803.9K
$703.4K – $937.9K
NOI $56,272 @ 7.0% cap · market cap 10.72%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,824 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 77372, TX
13,306
Population
4,779
Households
2.8
Avg Household Size
36
Median Age
12%
College-Educated
80%
High-School Grad
51.5 sq mi
ZIP Area
258
Density / Sq Mi
$78,601
Median Household Income
$38,263
Median Earnings
$1,226
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 4,800 SF commercial space in high-growth area.
Where is this mixed-use property located?
The property is located at 14042 Old HWY 59 N Splendora, 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: Prime location with **110 feet of frontage on Business 59 N** in a high‑growth area.; 4,800 sf commercial vacant space ready for build out** to suit a variety of retail or professional uses.; Easy access to US‑59/I‑69 & FM 2090.
