Napa Auto Parts For
For Sale
Contact for pricing
2926 Louetta Road, Spring, TX 77388
NNN Napa Auto Parts in high-traffic Houston MSA location.
Property Size6,000 SF
Price / SF$301.83
Days on Market101
Property Features for 2926 Louetta Road
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Net Operating Income
$113,231
Building Details
Year Built
2008
Listing Agency:
Matthews
Listed By:
Connor Knauer · License #413436
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 21 at 5:10AM
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 Matthews
Investment Insights
Based on property information with market context.
This commercial property is suitable for auto shops, automotive businesses, retail, and specialty purposes. The property is currently occupied by a Napa Auto Parts store. Located within the Houston MSA, the property benefits from high traffic. The building has a size of 6000 square feet. The property is being offered as an absolute NNN investment.
Key Highlights
- Absolute NNN Lease, offering minimal landlord responsibilities.
- Napa Auto Parts Tenant, an established national brand.
- High‑Traffic Location offering excellent visibility and accessibility.
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
$81,358
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
4.49%
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%
$1,627,160
$1.6M
Cap Rate 7%
$1,162,257
$1.2M
Cap Rate 9%
$903,978
$904.0K
Market Conditions
NOI Build-Up for 6,000 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
$123.1K $20.52/SF
− Vacancy
−$6.9K −$1.15/SF
EGI
$116.2K $19.37/SF
− OpEx
−$34.9K −$5.81/SF
NOI
$81.4K $13.56/SF
Area
Montgomery 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 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%
$1,627,160
Cap Rate 7%
$1,162,257
Cap Rate 9%
$903,978
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,358 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$436.3K
$381.7K – $509.0K
NOI $30,539 @ 7.0% cap · market cap 1.69%
Theoretical Best
Specialty Retail
$1.51M
$1.33M – $1.77M
NOI $106,030 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
Circle K
Shops & Services
5,547 visits/mo
0.5 miles
Bahama Bucks
Dining
3,019 visits/mo
0.4 miles
Chevron
Shops & Services
2,969 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,062 visits/mo
0.0 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Twisted Interiors — 2810 Louetta Rd, Spring, TX 77388
- Sunny’s Auto Collision & Repair — 3527 Louetta Rd, Spring, TX 77388
- Tom's Auto Repair — 3424 Louetta Rd, Spring, TX 77388
- Caliber Collision — 3828 Louetta Rd, Spring, TX 77388
- GeckoGraphX Custom Paint & Body — 3424 Louetta Rd ste B, Spring, TX 77388
Frequently Asked Questions
What type of property is this?
Auto shop - NNN Napa Auto Parts in high-traffic Houston MSA location.
Where is this auto shop located?
The property is located at 2926 Louetta Road Spring, TX.
What is the asking price?
The asking price for this property is $1,811,000.
What are key features of this property?
This property features: Absolute NNN Lease, offering minimal landlord responsibilities.; Napa Auto Parts Tenant, an established national brand.; High‑Traffic Location offering excellent visibility and accessibility.
