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 Market520
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:
Brenda Pennington Commercial
(713) 621-5050
Listed By:
Brenda Pennington · License #341099
(713) 621-5050
Source:
Moodyscre
Added: Feb 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:11AM
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 Brenda Pennington Commercial
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.8k | $20.52 |
| − Vacancy | −$6.6k | −$1.15 |
| EGI | $111.2k | $19.37 |
| − OpEx | −$33.4k | −$5.81 |
| NOI | $77.9k | $13.56 |
5,742 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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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.
