Houston Retail/Industrial Corner
For Sale
Contact for pricing
3361 Fountain View Dr, Houston, TX 77057
High-visibility commercial property in Houston's Galleria/Uptown area.
Property Size10,325 SF
Lot Size0.40 Acres
Price / SF$203.39
Days on Market174
Property Features for 3361 Fountain View Dr
General Information
Standard status
Active
Size
10,325 SF
Class
B
Lot size
0.40 Acres
Property subtype
Industrial, Mixed Use, Retail
Building Details
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
Keller Williams Memorial
(713) 461-9393
Listed By:
Blanca R.Garza · License #TX 774653
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 Keller Williams Memorial
Investment Insights
Based on property information with market context.
Located in Houston’s Galleria/Uptown corridor, this retail property offers frontage, traffic counts, and commercial use. Situated 0.2 miles from Richmond Avenue and US Highway 59 South, the property has access to thoroughfares and surrounding residential and commercial development. The property sits on a 17,424 square foot lot with 206 feet of frontage along Fountain View. This corner location captures approximately 42,000 vehicles per day. The existing 10,325 square foot building is zoned F1 commercial and industrial, allowing for a variety of permitted uses. The current car shop configuration accommodates more than 50 vehicles, making it ideal for automotive users, fleet operations, specialty retail, or redevelopment potential. This property is located in one of Houston’s established and centrally located submarkets.
Key Highlights
- Prime location in Houston's Galleria/Uptown corridor.
- High visibility with 206 feet of frontage on a signalized hard corner.
- High traffic counts of approximately 42,000 vehicles per day.
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
$140,003
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
6.67%
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%
$2,800,060
$2.8M
Cap Rate 7%
$2,000,043
$2.0M
Cap Rate 9%
$1,555,589
$1.6M
Market Conditions
NOI Build-Up for 10,325 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
$211.9K $20.52/SF
− Vacancy
−$11.9K −$1.15/SF
EGI
$200.0K $19.37/SF
− OpEx
−$60.0K −$5.81/SF
NOI
$140.0K $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%
$2,800,060
Cap Rate 7%
$2,000,043
Cap Rate 9%
$1,555,589
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $140,003 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$831.7K
$727.7K – $970.3K
NOI $58,218 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,850 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,391
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77057, TX
43,669
Population
25,231
Households
1.7
Avg Household Size
36
Median Age
53%
College-Educated
87%
High-School Grad
4.3 sq mi
ZIP Area
10,156
Density / Sq Mi
$66,200
Median Household Income
$40,419
Median Earnings
$1,354
Median Rent
$318,700
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Advanced Auto Tech Towing & Repair — 5632 Rampart St, Houston, TX 77081, United States
- Sterling McCall Ford Collision — 6445 Southwest Fwy, Houston, TX 77074
- Barrera Tire Shop — 6101 Glenmont Dr, Houston, TX 77081
- Sterling McCall Ford Service — 6445 Southwest Fwy, Houston, TX 77074
- Joya's Tire Shop — 6101 Glenmont Dr, Houston, TX 77081
Frequently Asked Questions
What type of property is this?
Auto shop - High-visibility commercial property in Houston's Galleria/Uptown area.
Where is this auto shop located?
The property is located at 3361 Fountain View Dr Houston, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime location in Houston's Galleria/Uptown corridor.; High visibility with **206 feet of frontage on a signalized hard corner.**; High traffic counts of approximately 42,000 vehicles per day.
