Retail Building on Hwy
For Sale
Contact for pricing
18413 Hwy 105 W, Montgomery, TX 77356
5,580 SF retail building with additional acre.
Property Size5,580 SF
Lot Size1.00 Acre
Price / SF$241.94
Days on Market433
Property Features for 18413 Hwy 105 W
General Information
Standard status
Active
Size
5,580 SF
Lot size
1.00 Acre
Property subtype
Industrial, Land, Retail
Building Details
Year Built
2004
Listing Agency:
Black Label Group
Listed By:
Heinz Kuhner · License #TX 324724
Source:
Crexi
Added: May 29, 2025
Changed: Jul 10
Last Checked: Aug 3 at 4:34AM
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 Black Label Group
Investment Insights
Based on property information with market context.
This 5,580 SF retail building is located on Hwy 105. It includes a fully renovated, long-established 900 SF dry cleaners that generates steady foot traffic. The remaining 4,580 SF is available for lease, offering flexible demising options. A grease trap from a previous restaurant is available, and end-cap drive-thrus are also available. The property has strong visibility with approximately 100' on HWY 105. The current tenant would consider relocating if prospects require the whole building. Positioned on a high-traffic corridor with ample parking, the property also includes an additional acre in the rear, providing ample space for future growth, parking expansion, or potential pad site development, making this a compelling value-add investment opportunity. The additional acre is attached to this retail building on Hwy 105, just East of Walden Road with 150’ of road frontage. It is suitable for single user retail, showroom, or automotive store front. Options exist for the property to make the center a single user property and add warehouse space on the additional acre of cleared land on the back of the center to add storage or maintenance/automotive facility space, making this an incredible value add investment opportunity. The current tenant is open to moving or continuing his lease, depending on prospects’ requirements.
Key Highlights
- High‑traffic location on Hwy 105 with strong visibility and +/- 100' of frontage.
- Significant value‑add potential with an additional acre for expansion, parking, or pad site development.
- Existing, fully renovated dry cleaners (900 SF) provides immediate income and foot traffic.
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 | $114.5k | $20.52 |
| − Vacancy | −$6.4k | −$1.15 |
| EGI | $108.1k | $19.37 |
| − OpEx | −$32.4k | −$5.81 |
| NOI | $75.7k | $13.56 |
5,580 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$945.8K – $1.26M
NOI $75,663 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,608 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 77356, TX
32,136
Population
14,982
Households
2.1
Avg Household Size
49
Median Age
44%
College-Educated
95%
High-School Grad
127.1 sq mi
ZIP Area
253
Density / Sq Mi
$113,750
Median Household Income
$55,533
Median Earnings
$1,608
Median Rent
$369,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 5,580 SF retail building with additional acre.
Where is this retail space located?
The property is located at 18413 Hwy 105 W Montgomery, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑traffic location on Hwy 105 with strong visibility and +/- 100' of frontage.; Significant value‑add potential with an additional acre for expansion, parking, or pad site development.; Existing, fully renovated dry cleaners (900 SF) provides immediate income and foot traffic.
