Retail Building with Surface
For Sale
Contact for pricing
2730 Fondren Road, Houston, TX 77063
Newly vacant retail building on 2.24 acres with 140 surface parking spaces and 375 feet of frontage.
Property Size18,344 SF
Lot Size2.24 Acres
Price / SF$265.48
Days on Market128
Property Features for 2730 Fondren Road
General Information
Standard status
Active
Size
18,344 SF
Total Parking Spaces
140
Lot size
2.24 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Listing Agency:
Titan Commercial
Listed By:
Brock Hartson · License #827195
(713) 379-8164
Source:
Crexi
Added: May 1
Changed: Aug 14
Last Checked: Sep 1 at 3:35AM
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 Titan Commercial
Investment Insights
Based on property information with market context.
Newly vacant retail building offering 18,344 SF on 2.24 acres, with 140 surface parking spaces (about a 7.64/1,000 SF parking ratio). The property includes approximately 375 feet of frontage on Fondren Road, providing exposure for retail use.
2730 Fondren Road in Houston, TX 77063 is currently available for an owner user or as an investment opportunity. Fixtures, furniture, and equipment are listed as available and negotiable.
The site supports straightforward customer parking with a substantial surface lot and broad road frontage, and the building can be positioned for retail redevelopment or continued tenancy depending on an operator’s plan.
2730 Fondren Road in Houston, TX 77063 is currently available for an owner user or as an investment opportunity. Fixtures, furniture, and equipment are listed as available and negotiable.
The site supports straightforward customer parking with a substantial surface lot and broad road frontage, and the building can be positioned for retail redevelopment or continued tenancy depending on an operator’s plan.
Key Highlights
- 18,344 SF newly vacant retail building on 2.24 acres
- 140 surface parking spaces with a 7.64/1,000 SF parking ratio
- 375 feet of frontage on Fondred Road
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
$248,738
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
5.11%
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%
$4,974,760
$5.0M
Cap Rate 7%
$3,553,400
$3.6M
Cap Rate 9%
$2,763,756
$2.8M
Market Conditions
NOI Build-Up for 18,344 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
$376.4K $20.52/SF
− Vacancy
−$21.1K −$1.15/SF
EGI
$355.3K $19.37/SF
− OpEx
−$106.6K −$5.81/SF
NOI
$248.7K $13.56/SF
Area
Houston, 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 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%
$4,974,760
Cap Rate 7%
$3,553,400
Cap Rate 9%
$2,763,756
Alternative Uses
Best Use
Retail
$3.55M
$3.11M – $4.15M
NOI $248,738 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.50M
NOI $330,192 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,941
Businesses Nearby
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newly vacant retail building on 2.24 acres with 140 surface parking spaces and 375 feet of frontage.
Where is this retail space located?
The property is located at 2730 Fondren Road Houston, TX.
What is the asking price?
The asking price for this property is $4,870,000.
What are key features of this property?
This property features: 18,344 SF newly vacant retail building on 2.24 acres; 140 surface parking spaces with a 7.64/1,000 SF parking ratio; 375 feet of frontage on Fondred Road
