Single-Story Retail Building with
For Sale
Contact for pricing
527 RANKIN RD, Houston, TX 77073
Modern multi-tenant retail building with extensive surface parking and 120 feet of street frontage.
Property Size5,100 SF
Lot Size1.38 Acres
Price / SF$254.90
Days on Market110
Property Features for 527 RANKIN RD
General Information
Standard status
Active
Size
5,100 SF
Class
B
Total Parking Spaces
80
Lot size
1.38 Acres
Property subtype
Retail, Industrial, Land
Investment Type
Redevelopment
Warehouse & Industrial
Clear Height
18 ft
Sprinkler System
Yes
Building Details
Year Built
2015
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
ORR Commercial
Listed By:
Taylor Wilson · License #660531
Source:
Crexi
Added: Jun 30
Changed: Oct 8
Last Checked: Oct 16 at 6:15AM
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 ORR Commercial
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Investment Insights
Based on property information with market context.
527 Rankin Rd is a single-story, metal-constructed retail building built in 2019, offering a modern multi-tenant configuration. The property measures 5,100 SF and includes dry sprinkler protection and an 18’ building height. It sits on 1.38 acres and features an expansive concrete-paved surface designed to support customer access and circulation.
The site has approximately 120 feet of frontage on Rankin Road, providing direct street presence. An on-site surface parking field includes 80 spaces, supporting retail and service-oriented uses where convenient parking is a key factor. The asset is located in Houston’s North Belt/Greenspoint submarket and is positioned within a suburban corridor. The remarks also cite proximity to George Bush Intercontinental Airport for regional connectivity.
For tenants or investors, the building’s multi-tenant format and strong parking ratio may suit a range of retail and service uses that benefit from visibility and straightforward customer access. The combination of dry sprinklers, single-story layout, and large paved parking area can support operations that require frequent customer visits and efficient on-site parking.
The site has approximately 120 feet of frontage on Rankin Road, providing direct street presence. An on-site surface parking field includes 80 spaces, supporting retail and service-oriented uses where convenient parking is a key factor. The asset is located in Houston’s North Belt/Greenspoint submarket and is positioned within a suburban corridor. The remarks also cite proximity to George Bush Intercontinental Airport for regional connectivity.
For tenants or investors, the building’s multi-tenant format and strong parking ratio may suit a range of retail and service uses that benefit from visibility and straightforward customer access. The combination of dry sprinklers, single-story layout, and large paved parking area can support operations that require frequent customer visits and efficient on-site parking.
Key Highlights
- 5,100 SF Class B, single‑story metal retail building built in 2015
- Sits on 1.38 acres with approximately 120 ft of frontage on Rankin Rd
- Expansive surface parking field with 80 spaces (10.0/1,000 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,154
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,080
$1.4M
Cap Rate 7%
$987,914
$987.9K
Cap Rate 9%
$768,378
$768.4K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$104.7K $20.52/SF
− Vacancy
−$5.9K −$1.15/SF
EGI
$98.8K $19.37/SF
− OpEx
−$29.6K −$5.81/SF
NOI
$69.2K $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%
$1,383,080
Cap Rate 7%
$987,914
Cap Rate 9%
$768,378
Alternative Uses
Best Use
Retail
$987.9K
$864.4K – $1.15M
NOI $69,154 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 77073, TX
46,071
Population
14,989
Households
3.1
Avg Household Size
30
Median Age
14%
College-Educated
79%
High-School Grad
14.6 sq mi
ZIP Area
3,156
Density / Sq Mi
$72,271
Median Household Income
$37,132
Median Earnings
$1,330
Median Rent
$206,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Retail space - Modern multi-tenant retail building with extensive surface parking and 120 feet of street frontage.
Where is this retail space located?
The property is located at 527 RANKIN RD Houston, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,100 SF Class B, single‑story metal retail building built in 2015; Sits on 1.38 acres with approximately 120 ft of frontage on Rankin Rd; Expansive surface parking field with 80 spaces (10.0/1,000 SF)
