Retail Shopping
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2206 E FM 1960 RD, Humble, TX 77338
Flexible commercial layout suited to retail, restaurant, and service-oriented occupancy.
Property Size7,476 SF
Lot Size0.49 Acres
Price / SF$180.58
Days on Market176
Property Features for 2206 E FM 1960 RD
General Information
Standard status
Active
Size
7,476 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Listing Agency:
Apex Brokerage, LLC
(832) 282-0224
Listed By:
Farid Chatur · License #0599697
(832) 282-0224
Source:
Moodyscre
Added: Mar 9
Changed: Aug 30
Last Checked: Aug 30 at 6:35PM
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 Brokerage, LLC
Investment Insights
Based on property information with market context.
This shopping center contains 7,476 square feet of retail space on a 21,130-square-foot lot. The layout is described as adaptable for retail, restaurant, and service-based users, providing flexibility for different commercial configurations.
The property is located at 2206 E FM 1960 Rd in Humble, within the North Houston area. It offers 239 feet of frontage along FM 1960 and is surrounded by national retailers and dense residential neighborhoods. The site is positioned within the Humble / FM 1960 trade area and may accommodate either an owner-user or investment-oriented strategy.
The property is located at 2206 E FM 1960 Rd in Humble, within the North Houston area. It offers 239 feet of frontage along FM 1960 and is surrounded by national retailers and dense residential neighborhoods. The site is positioned within the Humble / FM 1960 trade area and may accommodate either an owner-user or investment-oriented strategy.
Key Highlights
- 7,476 SF retail center on a 21,130 SF lot
- 239 feet of direct frontage on FM 1960
- Flexible layouts for retail, restaurant, or service‑based users
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
$108,497
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
8.04%
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%
$2,169,940
$2.2M
Cap Rate 7%
$1,549,957
$1.5M
Cap Rate 9%
$1,205,522
$1.2M
Market Conditions
NOI Build-Up for 7,476 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
$153.4K $20.52/SF
− Vacancy
−$8.7K −$1.17/SF
EGI
$144.7K $19.35/SF
− OpEx
−$36.2K −$4.84/SF
NOI
$108.5K $14.51/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$2,169,940
Cap Rate 7%
$1,549,957
Cap Rate 9%
$1,205,522
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,497 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,828 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,893 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 22%
Electronics 2%
Hotels & Casinos 1%
McDonald's
Dining
34,031 visits/mo
0.5 miles
Taco Bell
Dining
7,426 visits/mo
0.3 miles
Dollar General
Shops & Services
7,273 visits/mo
0.5 miles
KFC
Dining
5,347 visits/mo
0.4 miles
Texaco
Shops & Services
3,463 visits/mo
0.3 miles
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Flexible commercial layout suited to retail, restaurant, and service-oriented occupancy.
Where is this shopping center located?
The property is located at 2206 E FM 1960 RD Humble, 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: 7,476 SF retail center on a 21,130 SF lot; 239 feet of direct frontage on FM 1960; Flexible layouts for retail, restaurant, or service‑based users
