Drug Store Retail
For Sale
$3,617,244
5440 Atascocita Road, Humble, TX 77346
For sale drug store retail property on Atascocita Road with reported 41,000+ VPD.
Property Size10,915 SF
Days on Market76
Property Features for 5440 Atascocita Road
General Information
Standard status
Active
Size
10,915 SF
Property subtype
Commercial
Lease Term
± 1.66 Years
Net Operating Income
$298,422
Additional Details
Traffic Count
41,000 vehicles/day
Building Details
Building Size
10,915 SF
Year Built
2002
Listing Agency:
Matthews
Listed By:
Christian Becker · License #License No. 794055
(512) 430-4466
Source:
Matthews
Added: Jun 23
Changed: Sep 3
Last Checked: Sep 6 at 3:49AM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale drug store retail property is located at 5440 Atascocita Road in Humble, TX. The offering includes 10,915 square feet and is marketed with high traffic exposure, including reported 41,000+ VPD along the corridor.
Public remarks also cite local demographics and growth indicators, including an income level of $155K and that the area is ranked among the fastest growing suburbs. The property is presented as a commercial retail asset suitable for users seeking a drug store format within a heavily traveled retail environment.
Additional details such as current tenant status, unit configuration, and site improvements were not provided in the available information.
Public remarks also cite local demographics and growth indicators, including an income level of $155K and that the area is ranked among the fastest growing suburbs. The property is presented as a commercial retail asset suitable for users seeking a drug store format within a heavily traveled retail environment.
Additional details such as current tenant status, unit configuration, and site improvements were not provided in the available information.
Key Highlights
- Drug store retail property built in 2002
- Located on Atascocita Road with reported 41,000+ VPD
- $155K reported incomes in the area
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
$158,407
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
4.38%
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%
$3,168,140
$3.2M
Cap Rate 7%
$2,262,957
$2.3M
Cap Rate 9%
$1,760,078
$1.8M
Market Conditions
NOI Build-Up for 10,915 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
$224.0K $20.52/SF
− Vacancy
−$12.8K −$1.17/SF
EGI
$211.2K $19.35/SF
− OpEx
−$52.8K −$4.84/SF
NOI
$158.4K $14.51/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
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%
$3,168,140
Cap Rate 7%
$2,262,957
Cap Rate 9%
$1,760,078
Alternative Uses
Best Use
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,407 @ 7.0% cap · market cap 4.38%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,690 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,625 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
59k
Monthly Visits Nearby
Balanced
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
0.0 miles
Atascocita Ace Hardware
Home Improvements & Furnishings
16,501 visits/mo
0.1 miles
Valero Energy
Shops & Services
7,376 visits/mo
0.4 miles
Bahama Bucks
Dining
4,077 visits/mo
0.1 miles
Chevron
Shops & Services
4,020 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Drug store - For sale drug store retail property on Atascocita Road with reported 41,000+ VPD.
Where is this drug store located?
The property is located at 5440 Atascocita Road Humble, TX.
What is the asking price?
The asking price for this property is $3,617,244.
What are key features of this property?
This property features: Drug store retail property built in 2002; Located on Atascocita Road with reported 41,000+ VPD; $155K reported incomes in the area
