Multi-Tenant Shopping
5206 Airline Drive, Houston, TX 77022
For Sale
Contact for pricing
The center combines occupied storefronts with additional space currently available for lease.
Property Size17,190 SF
Lot Size1.53 Acres
Price / SF$203.61
Days on Market51
Property Features for 5206 Airline Drive
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Asking Price
Building Details
Tenancy
Listing Agency:
KW Commercial Texas
Listed By:
Patricia Brand · License TX #640952
(832) 613-7860
Source:
Crexi
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 12 at 5:47AM
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 KW Commercial Texas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 5206 Airline Drive, this Houston shopping center contains 17,190 square feet on approximately 1.53 acres. Its multi-tenant layout includes existing occupants as well as space available for lease. The property also has surface parking and multiple access points.
The center fronts Airline Drive and is near Interstate 45. Its location is in Houston’s Near North submarket.
The center fronts Airline Drive and is near Interstate 45. Its location is in Houston’s Near North submarket.
Key Highlights
- 17,190‑square‑foot retail center on approximately 1.53 acres
- Multi‑tenant configuration with existing occupants and available space
- Frontage on Airline Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,090
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,661,800
$4.7M
Cap Rate 7%
$3,329,857
$3.3M
Cap Rate 9%
$2,589,889
$2.6M
Market Conditions
NOI Build-Up for 17,190 SF
Gross rent
$352.7K $20.52/SF
− Vacancy
−$19.8K −$1.15/SF
EGI
$333.0K $19.37/SF
− OpEx
−$99.9K −$5.81/SF
NOI
$233.1K $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%
$4,661,800
Cap Rate 7%
$3,329,857
Cap Rate 9%
$2,589,889
Alternative Uses
Best Use
Retail
$3.33M
$2.91M – $3.88M
NOI $233,090 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,420 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Houston
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Mr Chris Warehouse. — Houston, TX 77022
- Ross y Walmart — 4442 north fwy, houston, tx 77022
- Coinstar Kiosk | Bitcoin ATM — 4711 Airline Dr, Houston, TX 77022
- Tidwell Place — Parking lot, 900 Tidwell Rd, Houston, TX 77022
- El rancho — 5402-5598 North Fwy, Houston, TX 77076
Frequently Asked Questions
What type of property is this?
Shopping center - The center combines occupied storefronts with additional space currently available for lease.
Where is this shopping center located?
The property is located at 5206 Airline Drive Houston, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 17,190‑square‑foot retail center on approximately 1.53 acres; Multi‑tenant configuration with existing occupants and available space; Frontage on Airline Drive
