Shell Retail
For Sale
Contact for pricing
18010 Kingsland Blvd, Houston, TX 77094
Shell retail space totaling 6,825 SF is available for finishing within a high-traffic retail center.
Property Size6,825 SF
Price / SF$293.04
Days on Market124
Property Features for 18010 Kingsland Blvd
General Information
Standard status
Active
Size
6,825 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Listing Agency:
Apex Realtors
Listed By:
Daniel Myers · License #TX 711407
Source:
Crexi
Added: May 5
Changed: Sep 3
Last Checked: Sep 4 at 9:19AM
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 Apex Realtors
Investment Insights
Based on property information with market context.
This listing offers 6,825 SF of shell retail space available for finishing. The suite is positioned within a larger retail center and can be adapted to an end-user buildout based on the tenant’s requirements.
The property is described as a high-traffic retail center located in the Energy corridor area just south of I-10, with ample parking provided on-site.
The available space is intended to accommodate retail and service uses, including medical/professional services, restaurant concepts, and general retail, subject to applicable approvals.
The property is described as a high-traffic retail center located in the Energy corridor area just south of I-10, with ample parking provided on-site.
The available space is intended to accommodate retail and service uses, including medical/professional services, restaurant concepts, and general retail, subject to applicable approvals.
Key Highlights
- 6,825 SF shell retail space available for finishing
- Located in a high‑traffic retail center in the Energy corridor area, just south of I‑10
- Ample parking on site
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
$92,544
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
4.63%
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%
$1,850,880
$1.9M
Cap Rate 7%
$1,322,057
$1.3M
Cap Rate 9%
$1,028,267
$1.0M
Market Conditions
NOI Build-Up for 6,825 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
$140.0K $20.52/SF
− Vacancy
−$7.8K −$1.15/SF
EGI
$132.2K $19.37/SF
− OpEx
−$39.7K −$5.81/SF
NOI
$92.5K $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 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%
$1,850,880
Cap Rate 7%
$1,322,057
Cap Rate 9%
$1,028,267
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,544 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77094, TX
11,150
Population
4,362
Households
2.6
Avg Household Size
39
Median Age
67%
College-Educated
99%
High-School Grad
3.4 sq mi
ZIP Area
3,279
Density / Sq Mi
$160,350
Median Household Income
$87,835
Median Earnings
$1,690
Median Rent
$469,300
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?
Shopping center - Shell retail space totaling 6,825 SF is available for finishing within a high-traffic retail center.
Where is this shopping center located?
The property is located at 18010 Kingsland Blvd Houston, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6,825 SF shell retail space available for finishing; Located in a high‑traffic retail center in the Energy corridor area, just south of I‑10; Ample parking on site
