Retail Center in
For Sale
Contact for pricing
Pending
5324 Atascocita Road, Humble, TX 77346
23,524 SF retail center in a high-traffic location.
Property Size23,524 SF
Days on Market158
Property Features for 5324 Atascocita Road
General Information
Standard status
Pending
Size
23,524 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
AJ Elite Commercial
(281) 235-4375
Listed By:
Hossein Farshchi · License #TX
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Jul 24 at 6:45PM
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 AJ Elite Commercial
Investment Insights
Based on property information with market context.
The Center at Eagle's Nest is a 23,524 square foot retail center. It is centrally located in the Atascocita/Humble trade area. The center benefits from high visibility on Atascocita Road, a heavily traveled roadway. The property is located near the intersection of West Lake Houston Parkway, Will Clayton Parkway, and FM 1960, positioning it to serve the established neighborhood and high-growth communities.
Key Highlights
- High visibility from heavily traveled Atascocita Road.
- Centrally located in the affluent Atascocita/Humble trade area.
- 23,524 SF center.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$279,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,590,140
$5.6M
Cap Rate 7%
$3,992,957
$4.0M
Cap Rate 9%
$3,105,633
$3.1M
Market Conditions
NOI Build-Up for 23,524 SF
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.
Gross rent
$423.4K $18.00/SF
− Vacancy
−$24.1K −$1.03/SF
EGI
$399.3K $16.97/SF
− OpEx
−$119.8K −$5.09/SF
NOI
$279.5K $11.88/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,590,140
Cap Rate 7%
$3,992,957
Cap Rate 9%
$3,105,633
Alternative Uses
Best Use
Retail
$3.99M
$3.49M – $4.66M
NOI $279,507 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.42M
$5.62M – $7.49M
NOI $449,628 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Home Improvements & Furnishings 28%
Shops & Services 23%
Culver's
Dining
24,916 visits/mo
0.2 miles
Atascocita Ace Hardware
Home Improvements & Furnishings
16,501 visits/mo
0.2 miles
Valero Energy
Shops & Services
7,376 visits/mo
0.2 miles
Bahama Bucks
Dining
4,077 visits/mo
0.3 miles
Chevron
Shops & Services
4,020 visits/mo
0.2 miles
Demographics for 77346, TX
71,119
Population
26,650
Households
2.7
Avg Household Size
35
Median Age
42%
College-Educated
94%
High-School Grad
17.9 sq mi
ZIP Area
3,973
Density / Sq Mi
$116,658
Median Household Income
$61,767
Median Earnings
$1,770
Median Rent
$291,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eagle Springs Shopping Center — 5444 Atascocita Road, Humble, TX 77346
- Crossroads Square — 2728, 5820 FM 1960, Humble, TX 77346
- Eagle Pointe — 5363 - 5383 Atascocita Road #321, Atascocita, TX 77346
Frequently Asked Questions
What type of property is this?
Shopping center - 23,524 SF retail center in a high-traffic location.
Where is this shopping center located?
The property is located at 5324 Atascocita Road Humble, TX.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: High visibility from heavily traveled Atascocita Road.; Centrally located in the affluent Atascocita/Humble trade area.; 23,524 SF center.
