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: Oct 13 Last Checked: Oct 16 at 6:01AM

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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

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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.

Key Highlights

• CVS‑identified drugstore property
• 12,900 square feet of property size
• Constructed in 1982

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$198,531

Cap Rate

2.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,970,620 $4.0M

Cap Rate 7%

$2,836,157 $2.8M

Cap Rate 9%

$2,205,900 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,900 SF

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 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 (±1% cap)

NOI $198,531 @ 7.0% cap · market cap 2.94%

Second Best

Retail

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $174,919 @ 7.0% cap · market cap 2.59%

Theoretical Best

Office A

$2.99M

$2.61M – $3.48M (±1% cap)

NOI $208,980 @ 7.0% cap · market cap 3.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

CVS Pharmacy Pharmacy CVS Pharmacy Coinhub Bitcoin ATM ... Atm UPS Access Point ... Courier Service Primo Water Refill Big Box & Wholesale Store

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Building Supply Law Firm Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6.9% 2019

8.2% 2020

7.6% 2021

6.4% 2022

6% 2023

6.6% 2024

6.6% 2025

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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