Retail Center with Corner
1809 1st St, Galena Park, TX 77547
For Sale
Contact for pricing
A multi-suite retail center with full frontage access and ample parking, suited for owner-user or investment buyers.
Property Size3,400 SF
Price / SF$323.53
Days on Market177
Property Features for 1809 1st St
General Information
Standard status
Size
Property subtype
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Apex Realtors
Listed By:
Farid Chatur · License TX #0599697
(832) 282-0224
Source:
Crexi
Added: May 20
Changed: Nov 9
Last Checked: Nov 12 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 Apex Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a retail center totaling approximately 3,400 SF, set on an estimated 10,000 SF land area. It features multiple retail suites, providing flexible space for a range of retail concepts or tenant mixes. The site is positioned for convenient customer access with full-frontage ingress and egress.
The center is located on a high-visibility corner and is approximately one block from a signalized intersection. The surrounding area includes both residential and industrial development, supporting everyday local traffic patterns. The property is also described as minutes from the Houston Ship Channel.
For buyers, the layout of multiple suites can support an owner-operator model while still offering the option to lease to separate tenants. The full frontage access and strong parking ratio are practical considerations for retail operations that rely on customer convenience and easy drop-off and pickup. With its corner location and straightforward site circulation, the property is a workable fit for a variety of retail uses seeking a compact, manageable footprint with customer-friendly access.
The center is located on a high-visibility corner and is approximately one block from a signalized intersection. The surrounding area includes both residential and industrial development, supporting everyday local traffic patterns. The property is also described as minutes from the Houston Ship Channel.
For buyers, the layout of multiple suites can support an owner-operator model while still offering the option to lease to separate tenants. The full frontage access and strong parking ratio are practical considerations for retail operations that rely on customer convenience and easy drop-off and pickup. With its corner location and straightforward site circulation, the property is a workable fit for a variety of retail uses seeking a compact, manageable footprint with customer-friendly access.
Key Highlights
- ±3,400 SF multi‑suite retail center
- ±10,000 SF land area
- High‑visibility corner location with full frontage ingress & egress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,398
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,960
$808.0K
Cap Rate 7%
$577,114
$577.1K
Cap Rate 9%
$448,867
$448.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$61.2K $18.00/SF
− Vacancy
−$3.5K −$1.03/SF
EGI
$57.7K $16.97/SF
− OpEx
−$17.3K −$5.09/SF
NOI
$40.4K $11.88/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,960
Cap Rate 7%
$577,114
Cap Rate 9%
$448,867
Alternative Uses
Best Use
Retail
$577.1K
$505.0K – $673.3K
NOI $40,398 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$928.4K
$812.3K – $1.08M
NOI $64,986 @ 7.0% cap · market cap 5.91%
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
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77547, TX
9,627
Population
2,928
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
68%
High-School Grad
3.9 sq mi
ZIP Area
2,468
Density / Sq Mi
$53,854
Median Household Income
$30,171
Median Earnings
$1,099
Median Rent
$109,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Harris County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - A multi-suite retail center with full frontage access and ample parking, suited for owner-user or investment buyers.
Where is this shopping center located?
The property is located at 1809 1st St Galena Park, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: ±3,400 SF multi‑suite retail center; ±10,000 SF land area; High‑visibility corner location with full frontage ingress & egress
