Corner Storefront with Open
For Sale
$450,000
3802 Hardy St, Houston, TX 77009
Open commercial space with on-site parking and additional street parking along two sides.
Property Size2,640 SF
Days on Market157
Property Features for 3802 Hardy St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Office
Additional Details
Corner Location
Yes
Building Details
Building Size
2,640 SF
Year Built
1961
Stories
1
Units
1
Listing Agency:
Coldwell Banker Universal
Listed By:
Bridgett Badillo · License #0528145
(713) 568-2389
Source:
Commercialcafe
Added: May 14
Changed: Oct 13
Last Checked: Oct 16 at 6:16AM
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 Coldwell Banker Universal
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2640-square-foot storefront property occupies a corner at Hardy Street and Alber Street in Houston. Its open interior can support retail, showroom, creative studio, office, or professional service operations. Dedicated parking is available on the site, with additional street parking along the building’s front and side.
The property is approximately 10 minutes from Downtown Houston and sits in an area with multiple nearby new construction projects. Prior occupants included a church and a convenience store, providing context for the building’s adaptable commercial configuration.
The property is approximately 10 minutes from Downtown Houston and sits in an area with multiple nearby new construction projects. Prior occupants included a church and a convenience store, providing context for the building’s adaptable commercial configuration.
Key Highlights
- 2640‑square‑foot storefront property
- Corner position at Hardy Street and Alber Street
- Open‑concept interior for retail, showroom, studio, office, or professional service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,797
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,940
$715.9K
Cap Rate 7%
$511,386
$511.4K
Cap Rate 9%
$397,744
$397.7K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$54.2K $20.52/SF
− Vacancy
−$3.0K −$1.15/SF
EGI
$51.1K $19.37/SF
− OpEx
−$15.3K −$5.81/SF
NOI
$35.8K $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 Rate 5%
$715,940
Cap Rate 7%
$511,386
Cap Rate 9%
$397,744
Alternative Uses
Best Use
Retail
$511.4K
$447.5K – $596.6K
NOI $35,797 @ 7.0% cap · market cap 7.95%
Second Best
Office B
$439.9K
$384.9K – $513.2K
NOI $30,793 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Houston, TX
Similar Off Market Nearby
- Florería — 4201 Irvington Blvd, Houston, TX 77009
- Rosegreen Florist — 4201 Irvington Blvd, Houston, TX 77009
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with on-site parking and additional street parking along two sides.
Where is this storefront property located?
The property is located at 3802 Hardy St Houston, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2640‑square‑foot storefront property; Corner position at Hardy Street and Alber Street; Open‑concept interior for retail, showroom, studio, office, or professional service use
