Single-Story Retail Building with
527 RANKIN RD Houston, TX 77073
527 RANKIN RD, Houston, TX, 77073
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For Sale
Contact for pricing
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$235.29
Days on Market23
Property Features for 527 RANKIN RD
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Lot size
- 1.38 Acres
- Property subtype
- Retail, Industrial, Land
Building Details
- Year Built
- 2015
Listing agency
ORR Commercial
Listed by
Taylor Wilson · License #660531
Source
Crexi
Added: Jun 30 Updated: Jul 10 at 2:11PM Checked: Jul 21 at 6:02AM
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
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)
Local 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 | $104.7k | $20.52 |
| − Vacancy | −$5.9k | −$1.15 |
| EGI | $98.8k | $19.37 |
| − OpEx | −$29.6k | −$5.81 |
| NOI | $69.2k | $13.56 |
5,100 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$987.9K
$864.4K – $1.15M
NOI $69,154 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
D&Z Timbers Corporation
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
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 $1,200,000.
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)
