Houston Retail Property For
For Sale
Contact for pricing
15444 Ridge Park Dr, Houston, TX
Retail property in Houston, Texas, featuring childcare and exercise facilities.
Property Size5,742 SF
Lot Size1.00 Acres
Price / SF$208.99
Days on Market611
Property Features for 15444 Ridge Park Dr
General Information
Standard status
Active
Size
5,742 SF
Lot size
1.00 Acres
Property subtype
RETAIL
Listing Agency:
Pennington Reid Residential
Listed By:
Brenda Pennington · License #341099
(713) 621-5050
Source:
Moodyscre
Added: Feb 26, 2025
Changed: Oct 26
Last Checked: Oct 28 at 12:25PM
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 Pennington Reid Residential
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is situated on a 1.00-acre lot and is currently 100% leased. The building includes a lobby and reception area, along with four ADA-compliant bathrooms. It is equipped with four HVAC units and provides 68 parking spaces. The interior features a childcare room, two large exercise or dance rooms, and a Pilates room. The property also benefits from double-insulated interior walls for soundproofing and high ceilings. The location offers convenient access to Highway 6, Highway 290, and Beltway 8. The property has a size of 5742 square feet.
Key Highlights
- 100% Leased investment opportunity.
- Situated on a 1.00 Acre lot.
- Conveniently located near Highway 6, Highway 290, Beltway 8.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,859
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,557,180
$1.6M
Cap Rate 7%
$1,112,271
$1.1M
Cap Rate 9%
$865,100
$865.1K
Market Conditions
NOI Build-Up for 5,742 SF
Gross rent
$117.8K $20.52/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$111.2K $19.37/SF
− OpEx
−$33.4K −$5.81/SF
NOI
$77.9K $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%
$1,557,180
Cap Rate 7%
$1,112,271
Cap Rate 9%
$865,100
Alternative Uses
Best Use
Retail
$1.11M
$973.2K – $1.30M
NOI $77,859 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,356 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Retail space - Retail property in Houston, Texas, featuring childcare and exercise facilities.
Where is this retail space located?
The property is located at 15444 Ridge Park Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 100% Leased investment opportunity.; Situated on a 1.00 Acre lot.; Conveniently located near Highway 6, Highway 290, Beltway 8.
