Retail and Office Space
3815 Hollister Road Houston, TX 77080
For Sale
Contact for pricing
30,194 SqFt retail and office space for sale.
Property Size30,194 SF
Price / SF$188.78
Days on Market1005
Property Features for 3815 Hollister Road
General Information
- Standard status
- Active
- Size
- 30,194 SF
- Property subtype
- Industrial, Land
Listing Agency:
Read King Commercial Real Estate
(713) 828-4883
Listed By:
Tony Patronella · License #TX 198760
Source:
Crexi
Added: Oct 26, 2023
Changed: Jul 10
Last Checked: Jul 26 at 2:08PM
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 Read King Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial property offers 30,194 square feet of retail and office space. The property is suitable for retail, office, and industrial use.
Key Highlights
- Retail Property
- 30,194 SqFt
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $619.6k | $20.52 |
| − Vacancy | −$34.7k | −$1.15 |
| EGI | $584.9k | $19.37 |
| − OpEx | −$175.5k | −$5.81 |
| NOI | $409.4k | $13.56 |
30,194 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.85M
$5.12M – $6.82M
NOI $409,419 @ 7.0% cap · market cap 7.18%
Second Best
Office B
$5.03M
$4.40M – $5.87M
NOI $352,183 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$7.76M
$6.79M – $9.06M
NOI $543,492 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 30,194 SqFt retail and office space for sale.
Where is this retail space located?
The property is located at 3815 Hollister Road Houston, TX.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Retail Property; 30,194 SqFt
