Drugstore at Signalized
15633 Vintage Preserve Parkway, Houston, TX 77070
For Sale
Contact for pricing
The freestanding store occupies a prominent corner within a retail marketplace anchored by Whole Foods.
Property Size14,820 SF
Lot Size1.70 Acres
Price / SF$413.88
Days on Market31
Property Features for 15633 Vintage Preserve Parkway
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Anchor Co-Tenants
Highway Access
Building Details
Year Built
Tenancy
Listing Agency:
SVN | Net Lease Texas
Listed By:
Glen Berhow · License TX #0602310
(469) 828-1950
Source:
Crexi
Added: Oct 10
Changed: Nov 8
Last Checked: Nov 8 at 5:01PM
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 SVN | Net Lease Texas
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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.
The Walgreens store, built in 2017, contains 14,820 square feet on a 1.698-acre parcel. It occupies a signal-controlled corner where Louetta Road meets Vintage Preserve Parkway, within the Vintage Marketplace retail center, which includes a Whole Foods anchor.
Louetta Road carries 34,700+ vehicles per day, while Vintage Preserve Parkway records 31,200+ VPD. Highway 249, with traffic counts of 84,000+ VPD, is nearby. The three-mile area has a population of 108,000+.
Retail and medical neighbors named for the area include Chick-fil-A, Home Depot, Kroger, CVS, St. Luke’s Hospital, MD Anderson Cancer Center, and Lone Star College.
Louetta Road carries 34,700+ vehicles per day, while Vintage Preserve Parkway records 31,200+ VPD. Highway 249, with traffic counts of 84,000+ VPD, is nearby. The three-mile area has a population of 108,000+.
Retail and medical neighbors named for the area include Chick-fil-A, Home Depot, Kroger, CVS, St. Luke’s Hospital, MD Anderson Cancer Center, and Lone Star College.
Key Highlights
- 14,820‑square‑foot Walgreens store built in 2017
- Situated on 1.698 acres
- Signalized corner at Louetta Road and Vintage Preserve Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,080
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,561,600
$4.6M
Cap Rate 7%
$3,258,286
$3.3M
Cap Rate 9%
$2,534,222
$2.5M
Market Conditions
NOI Build-Up for 14,820 SF
Gross rent
$320.1K $21.60/SF
− Vacancy
−$16.0K −$1.08/SF
EGI
$304.1K $20.52/SF
− OpEx
−$76.0K −$5.13/SF
NOI
$228.1K $15.39/SF
Area
Houston, TX
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%
$4,561,600
Cap Rate 7%
$3,258,286
Cap Rate 9%
$2,534,222
Alternative Uses
Best Use
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,080 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$2.87M
$2.51M – $3.35M
NOI $200,954 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$3.81M
$3.33M – $4.45M
NOI $266,760 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Kroger Pharmacy — 10010 Cypresswood Dr, Houston, TX 77070
- Smoothie King — 19736 TX-249, Houston, TX 77070
- Allison G. Mercadel, RPH — 20405 TX-249, Houston, TX 77070, United States
- Walgreens — 11445 Compaq Center W Dr, Houston, TX 77070
- Learning Rx — 9720 Cypresswood Dr #140, Houston, TX 77070
Frequently Asked Questions
What type of property is this?
Drug store - The freestanding store occupies a prominent corner within a retail marketplace anchored by Whole Foods.
Where is this drug store located?
The property is located at 15633 Vintage Preserve Parkway Houston, TX.
What is the asking price?
The asking price for this property is $6,133,733.
What are key features of this property?
This property features: 14,820‑square‑foot Walgreens store built in 2017; Situated on 1.698 acres; Signalized corner at Louetta Road and Vintage Preserve Parkway
