Retail Space with Freeway
New
For Sale
Contact for pricing
19211 NORTH FWY, Spring, TX 77388
The existing retail configuration includes freeway-facing signage along the I-45 corridor.
Property Size14,202 SF
Lot Size0.70 Acres
Price / SF$105.55
Days on Market6
Property Features for 19211 NORTH FWY
General Information
Standard status
Active
Size
14,202 SF
Lot size
0.70 Acres
Property subtype
RETAIL
Site & Location
Traffic Count
217,000 vehicles/day
Highway Access
Yes
Additional Details
Clear Height
15 ft
Building Details
Building Size
14,202 SF
Listing Agency:
Coldwell Banker Commercial Universal
(832) 760-1733
Listed By:
Arnold Garza · License #513669
(832) 431-0181
Source:
Moodyscre
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 2:17AM
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 Coldwell Banker Commercial Universal
Investment Insights
Based on property information with market context.
The 14,202-square-foot property sits on 30,461 square feet of land and is currently arranged for retail use. Its 15-foot clear height and history of flex/industrial use provide additional context for evaluating the existing space. Retail, showroom, and light flex use are identified as potential applications.
The property has 125 feet of frontage on I-45, with signage oriented toward the freeway. The corridor carries more than 217,000 vehicles per day.
The property has 125 feet of frontage on I-45, with signage oriented toward the freeway. The corridor carries more than 217,000 vehicles per day.
Key Highlights
- 14,202 SF building on 30,461 SF of land
- 125' of frontage on I‑45
- 15' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,778
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,560
$2.4M
Cap Rate 7%
$1,739,686
$1.7M
Cap Rate 9%
$1,353,089
$1.4M
Market Conditions
NOI Build-Up for 14,202 SF
Gross rent
$187.5K $13.20/SF
− Vacancy
−$13.5K −$0.95/SF
EGI
$174.0K $12.25/SF
− OpEx
−$52.2K −$3.67/SF
NOI
$121.8K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,560
Cap Rate 7%
$1,739,686
Cap Rate 9%
$1,353,089
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.81M
NOI $168,745 @ 7.0% cap · market cap 11.26%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,778 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$3.88M
$3.39M – $4.52M
NOI $271,451 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
15 ft
Clear height
217,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The existing retail configuration includes freeway-facing signage along the I-45 corridor.
Where is this retail space located?
The property is located at 19211 NORTH FWY Spring, TX.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 14,202 SF building on 30,461 SF of land; 125' of frontage on I‑45; 15' clear height
