CVS Drugstore
For Sale
Contact for pricing
14115 East Sam Houston Parkway, Houston, TX 77044
Single-tenant retail asset with an established drugstore format in Houston.
Property Size12,900 SF
Price / SF$524.19
Days on Market147
Property Features for 14115 East Sam Houston Parkway
General Information
Standard status
Active
Size
12,900 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$355,000
Building Details
Year Built
1982
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Van Hull Commercial, LLC
Listed By:
Brad Van Hull · License #CO
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 2:26AM
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 Van Hull Commercial, LLC
Investment Insights
Based on property information with market context.
This 12,900-square-foot drugstore property is identified with CVS and was constructed in 1982. The asset is classified as a drugstore and is presented as a single-tenant retail property.
The property is located at 14115 East Sam Houston Parkway in Houston, Texas 77044, providing a clearly identified retail address within the Houston market.
The property is located at 14115 East Sam Houston Parkway in Houston, Texas 77044, providing a clearly identified retail address within the Houston market.
Key Highlights
- CVS‑identified drugstore property
- 12,900 square feet of property size
- Constructed in 1982
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
$198,531
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
2.94%
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%
$3,970,620
$4.0M
Cap Rate 7%
$2,836,157
$2.8M
Cap Rate 9%
$2,205,900
$2.2M
Market Conditions
NOI Build-Up for 12,900 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
$278.6K $21.60/SF
− Vacancy
−$13.9K −$1.08/SF
EGI
$264.7K $20.52/SF
− OpEx
−$66.2K −$5.13/SF
NOI
$198.5K $15.39/SF
Area
ZIP 77044
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%
$3,970,620
Cap Rate 7%
$2,836,157
Cap Rate 9%
$2,205,900
Alternative Uses
Best Use
Specialty Retail
$2.84M
$2.48M – $3.31M
NOI $198,531 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$2.50M
$2.19M – $2.92M
NOI $174,919 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $208,980 @ 7.0% cap · market cap 3.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
96k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Chick-fil-A
Dining
44,422 visits/mo
0.3 miles
Five Below
Shops & Services
40,345 visits/mo
0.3 miles
Taco Bell
Dining
11,260 visits/mo
0.3 miles
Demographics for 77044, TX
55,665
Population
18,273
Households
3
Avg Household Size
31
Median Age
34%
College-Educated
84%
High-School Grad
39.1 sq mi
ZIP Area
1,424
Density / Sq Mi
$92,416
Median Household Income
$53,258
Median Earnings
$1,595
Median Rent
$274,500
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- H-E-B Pharmacy — 12680 W Lake Houston Pkwy #8, Houston, TX 77044
- H-E-B! Plus Pharmacy — 12680 w lake houston pkwy, houston, tx 77044
- CVS Pharmacy — 14115 East Sam Houston Pkwy N, Houston, TX 77044
- Kroger Pharmacy — 14221 East Sam Houston Pkwy N, Houston, TX 77044
- Summerwood pharmacy — 13176 W Lake Houston Pkwy #1, Houston, TX 77044
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant retail asset with an established drugstore format in Houston.
Where is this drug store located?
The property is located at 14115 East Sam Houston Parkway Houston, TX.
What is the asking price?
The asking price for this property is $6,762,000.
What are key features of this property?
This property features: CVS‑identified drugstore property; 12,900 square feet of property size; Constructed in 1982
