Freeway Retail Center For
For Sale
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19752-19764 North Freeway, Spring, TX
Retail center with high-quality construction and tenant profile.
Property Size10,433 SF
Lot Size1.52 Acres
Price / SF$590.43
Days on Market320
Property Features for 19752-19764 North Freeway
General Information
Standard status
Active
Size
10,433 SF
Lot size
1.52 Acres
Property subtype
RETAIL
Listing Agency:
Hunington Properties Inc.
(713) 623-6944
Listed By:
Sandy Aron · License #531445
(713) 623-6944
Source:
Moodyscre
Added: Oct 14, 2025
Changed: Aug 17
Last Checked: Aug 28 at 1:57PM
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 Hunington Properties Inc.
Investment Insights
Based on property information with market context.
This retail property, constructed in 2008, features a high-quality construction and tenant profile. The property benefits from a freeway location with prime visibility. The tenant roster includes a Starbucks with a drive-thru. All tenants have been in place since the property's construction in 2008. The property contains 10,433 square feet and is located on North Freeway in Spring, Texas.
Key Highlights
- Freeway location with prime visibility
- Starbucks includes a drive‑thru
- High quality construction
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
$184,369
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
2.99%
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%
$3,687,380
$3.7M
Cap Rate 7%
$2,633,843
$2.6M
Cap Rate 9%
$2,048,544
$2.0M
Market Conditions
NOI Build-Up for 10,433 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
$260.4K $24.96/SF
− Vacancy
−$14.6K −$1.40/SF
EGI
$245.8K $23.56/SF
− OpEx
−$61.5K −$5.89/SF
NOI
$184.4K $17.67/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$3,687,380
Cap Rate 7%
$2,633,843
Cap Rate 9%
$2,048,544
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,369 @ 7.0% cap · market cap 2.99%
Second Best
Retail
$2.02M
$1.77M – $2.36M
NOI $141,467 @ 7.0% cap · market cap 2.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
2,742 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center with high-quality construction and tenant profile.
Where is this strip mall located?
The property is located at 19752-19764 North Freeway Spring, TX.
What is the asking price?
The asking price for this property is $6,160,000.
What are key features of this property?
This property features: Freeway location with prime visibility; Starbucks includes a drive‑thru; High quality construction
