Multi-Tenant Retail
New
For Sale
$5,068,000
315 Gentry St, Spring, TX 77373
The fully occupied property accommodates 18 tenants across 19 retail spaces.
Property Size21,243 SF
Lot Size0.87 Acres
Price / SF$238.57
Days on Market1
Property Features for 315 Gentry St
General Information
Standard status
Active
Size
21,243 SF
Lot size
0.87 Acres
Property subtype
Shopping Neighborhood
Occupancy
100%
Net Operating Income
$374,960
Financials
Asking Price
$5,068,000
Cap Rate
7.4%
Additional Details
Highway Access
Yes
Amenities
Destination Retail in Old Town Spring: Located in the heart of Old Town Spring, a regional shopping, dining, and tourism destination.
Internet-resistant tenant mix with an average tenure of more than six years | $141,701 average household income within one mile
Diversified Rent Roll With Value-Add Upside: 100 percent occupied by 18 tenants; no tenant exceeds 17 percent of GLA
Average base rent of $23.12/SF | Tenants currently pay fixed additional rent, but lease agreements read as triple-net, giving a buyer the opportunity to implement expense reconciliations.
Accessible Features for Tenants and Customers: • Ample public parking available for customers, in addition to public bathrooms available for visitors. • Beautiful courtyard and street-front deck provide unique features that attract customers and tenancy resulting in consistently high occupancy and tenured tenants. • Common areas adequately support the large quantity of businesses, such as common area bathrooms, two private parking lots behind the two floors building for tenant's parking only, a
Building Details
Building Size
21,243 SF
Year Built
1993
Year Renovated
2025
Tenancy
Multi
Listing Agency:
Houston Office
Listed By:
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source:
Marcusmillichap
Added: Oct 16
Last Checked: Oct 16 at 2:20PM
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 Houston Office
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Investment Insights
Based on property information with market context.
This 21,243-square-foot shopping center was built in 1993 and renovated in 2024 and 2025. It occupies 0.87 acres in Old Town Spring and contains 19 spaces leased to 18 tenants. The center is 100 percent occupied, with no tenant accounting for more than 17 percent of its gross leasable area. Six tenants have occupied the property since 2020 or earlier, representing more than 40 percent of the center; average tenant tenure is approximately six years.
The property is near Interstate 45, which carries 160,956 VPD, and the Hardy Toll Road, with 64,492 VPD. The Woodlands and the ExxonMobil campus are 4 miles away, while George Bush Intercontinental Airport is 13 miles from the center. Within one mile, average household income is $141,701. The population within five miles is nearly 260,000 and is projected to grow 5.76 percent by 2030.
The property is near Interstate 45, which carries 160,956 VPD, and the Hardy Toll Road, with 64,492 VPD. The Woodlands and the ExxonMobil campus are 4 miles away, while George Bush Intercontinental Airport is 13 miles from the center. Within one mile, average household income is $141,701. The population within five miles is nearly 260,000 and is projected to grow 5.76 percent by 2030.
Key Highlights
- 21,243‑square‑foot center on 0.87 acres
- 100 percent occupied, with 18 tenants across 19 spaces
- Built in 1993; renovated in 2024 and 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,405
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,048,100
$5.0M
Cap Rate 7%
$3,605,786
$3.6M
Cap Rate 9%
$2,804,500
$2.8M
Market Conditions
NOI Build-Up for 21,243 SF
Gross rent
$382.4K $18.00/SF
− Vacancy
−$21.8K −$1.03/SF
EGI
$360.6K $16.97/SF
− OpEx
−$108.2K −$5.09/SF
NOI
$252.4K $11.88/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,048,100
Cap Rate 7%
$3,605,786
Cap Rate 9%
$2,804,500
Alternative Uses
Best Use
Retail
$3.61M
$3.16M – $4.21M
NOI $252,405 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.80M
$5.08M – $6.77M
NOI $406,030 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
2,742 visits/mo
0.3 miles
Amegy Bank
Shops & Services
2,089 visits/mo
0.5 miles
Demographics for 77373, TX
63,413
Population
23,619
Households
2.7
Avg Household Size
34
Median Age
26%
College-Educated
88%
High-School Grad
23.8 sq mi
ZIP Area
2,664
Density / Sq Mi
$86,693
Median Household Income
$42,384
Median Earnings
$1,649
Median Rent
$221,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Louetta Spring Plaza — 810 E Louetta Rd, Spring, TX 77373
- Northland Center — Spring, TX 77373
- Creations Market and Workshop — 311 Main St, Spring, TX 77373
- Gentry Square — Gentry St, Spring, TX 77373
- Salon Beautiful — 4 preston st, spring, tx 77373
Frequently Asked Questions
What type of property is this?
Shopping center - The fully occupied property accommodates 18 tenants across 19 retail spaces.
Where is this shopping center located?
The property is located at 315 Gentry St Spring, TX.
What is the asking price?
The asking price for this property is $5,068,000.
What are key features of this property?
This property features: 21,243‑square‑foot center on 0.87 acres; 100 percent occupied, with 18 tenants across 19 spaces; Built in 1993; renovated in 2024 and 2025
