Renovated Single-Story Retail
206 West Houston Street, Cleveland, TX 77327
For Sale
Contact for pricing
An existing tenant occupies the property under lease, providing current leased occupancy.
Property Size3,116 SF
Lot Size0.41 Acres
Price / SF$417.20
Days on Market24
Property Features for 206 West Houston Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Asking Price
Tenant in Place
Building Details
Buildings
Stories
Listing Agency:
eXp Realty, LLC
Listed By:
Robert Harris · License TX #798031
(832) 579-7197
Source:
Crexi
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 12 at 4:39AM
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 eXp Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property includes a single-story building totaling 3,116 square feet. Recent renovations have been completed, and an existing tenant remains under lease.
The property occupies approximately 0.41 acres at 206 West Houston Street in Cleveland, Texas.
The property occupies approximately 0.41 acres at 206 West Houston Street in Cleveland, Texas.
Key Highlights
- 3,116‑square‑foot single‑story retail building
- Approximately 0.41 acres
- Recent renovations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,252
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,040
$845.0K
Cap Rate 7%
$603,600
$603.6K
Cap Rate 9%
$469,467
$469.5K
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$63.9K $20.52/SF
− Vacancy
−$3.6K −$1.15/SF
EGI
$60.4K $19.37/SF
− OpEx
−$18.1K −$5.81/SF
NOI
$42.3K $13.56/SF
Area
Liberty County, 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 Rate 5%
$845,040
Cap Rate 7%
$603,600
Cap Rate 9%
$469,467
Alternative Uses
Best Use
Retail
$603.6K
$528.2K – $704.2K
NOI $42,252 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$794.2K
$695.0K – $926.6K
NOI $55,596 @ 7.0% cap · market cap 4.28%
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
895
Businesses Nearby
85k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 24%
Groceries 19%
Home Improvements & Furnishings 9%
QuikTrip
Shops & Services
31,797 visits/mo
0.5 miles
Jack in the Box
Dining
16,508 visits/mo
0.4 miles
Brookshire Brothers
Groceries
16,347 visits/mo
0.4 miles
M&D Supply Cleveland Ace Hardware
Home Improvements & Furnishings
7,430 visits/mo
0.1 miles
Dollar General
Shops & Services
6,024 visits/mo
0.5 miles
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An existing tenant occupies the property under lease, providing current leased occupancy.
Where is this retail space located?
The property is located at 206 West Houston Street Cleveland, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,116‑square‑foot single‑story retail building; Approximately 0.41 acres; Recent renovations
