Renovated Retail
For Sale
Contact for pricing
17960 FM 529 RD, Houston, TX 77095
Turnkey retail storefront renovated in 2019, suited to serve nearby residential communities along a growing commercial corridor.
Property Size3,400 SF
Price / SF$411.76
Days on Market54
Property Features for 17960 FM 529 RD
General Information
Standard status
Active
Size
3,400 SF
Class
B
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1999
Year Renovated
2019
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
KW Commercial Signature
Listed By:
Jay Linh Phan · License #793349
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 1:34PM
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 KW Commercial Signature
Investment Insights
Based on property information with market context.
This renovated retail storefront offers a single-unit setup totaling approximately 3,400 square feet, situated on a 21,600 square foot lot. The property was renovated in 2019, giving an owner or operator a commercially usable space designed for a retail business from day one.
Located at 17960 FM 529 Rd in Houston, TX, the property is described as well-positioned to serve surrounding residential communities and a growing commercial corridor. The configuration is straightforward for tenants looking for a retail presence in an area that supports both day-to-day customer traffic and ongoing neighborhood development.
For an owner-user, this property can function as a ready-to-operate storefront with a renovation-backed interior and an independent lot footprint. Investors and entrepreneurs may also find the single-unit nature practical for managing one space versus multiple tenants. With its updated condition and retail-focused configuration, the asset is presented as a fit for those seeking a turnkey commercial opportunity aligned with the Copperfield/Cypress area’s residential and commercial momentum.
Located at 17960 FM 529 Rd in Houston, TX, the property is described as well-positioned to serve surrounding residential communities and a growing commercial corridor. The configuration is straightforward for tenants looking for a retail presence in an area that supports both day-to-day customer traffic and ongoing neighborhood development.
For an owner-user, this property can function as a ready-to-operate storefront with a renovation-backed interior and an independent lot footprint. Investors and entrepreneurs may also find the single-unit nature practical for managing one space versus multiple tenants. With its updated condition and retail-focused configuration, the asset is presented as a fit for those seeking a turnkey commercial opportunity aligned with the Copperfield/Cypress area’s residential and commercial momentum.
Key Highlights
- Retail property built in 1999 with 3,400 SF of retail space
- Renovated in 2019
- 1‑unit retail storefront
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
$46,103
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
3.29%
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%
$922,060
$922.1K
Cap Rate 7%
$658,614
$658.6K
Cap Rate 9%
$512,256
$512.3K
Market Conditions
NOI Build-Up for 3,400 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
$69.8K $20.52/SF
− Vacancy
−$3.9K −$1.15/SF
EGI
$65.9K $19.37/SF
− OpEx
−$19.8K −$5.81/SF
NOI
$46.1K $13.56/SF
Area
ZIP 77095
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 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%
$922,060
Cap Rate 7%
$658,614
Cap Rate 9%
$512,256
Alternative Uses
Best Use
Retail
$658.6K
$576.3K – $768.4K
NOI $46,103 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 77095, TX
71,206
Population
26,429
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
4,844
Density / Sq Mi
$95,657
Median Household Income
$49,466
Median Earnings
$1,638
Median Rent
$288,500
Median Home Value
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 - Turnkey retail storefront renovated in 2019, suited to serve nearby residential communities along a growing commercial corridor.
Where is this retail space located?
The property is located at 17960 FM 529 RD Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Retail property built in 1999 with 3,400 SF of retail space; Renovated in 2019; 1‑unit retail storefront
