Flex-Retail Building with Roll-Up
For Sale
$445,000
625 W Parker Road, Houston, TX 77091
Flex-retail space with three roll-up doors, a main showroom, and secondary show area with employee facilities.
Property Size3,450 SF
Lot Size0.18 Acres
Price / SF$128.99
Days on Market55
Property Features for 625 W Parker Road
General Information
Standard status
Active
Size
3,450 SF
Lot size
0.18 Acres
Property subtype
Lots
Additional Details
Business Included
Yes
Highway Access
Yes
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$4,936
Listing Agency:
Walzel Properties - Corporate Office
(713) 503-9118
Listed By:
Alexander Rasmussen
(713) 503-9118
Source:
Mpowerrealtygroup
Added: Jul 6
Changed: Aug 24
Last Checked: Aug 29 at 4:27PM
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 Walzel Properties - Corporate Office
Investment Insights
Based on property information with market context.
This flex-retail property offers a value-add configuration designed around a showroom-forward interior. The front entrance includes a covered metal roof extending over the original parking area and is served by three roll-up doors, providing versatile access through the building’s front-loading setup. Inside, a large main showroom occupies approximately 75% of the footprint and transitions into a secondary show floor on the east side. The east-side area includes an employee lounge, kitchen, and bathroom to support day-to-day operations.
The property is located in the Independence Heights/Northline submarket and is positioned as an east-west connector between I-45 and N Shepherd Dr. This placement supports visibility for a tenant seeking retail and light-industrial/flex utility in one building.
Overall, the space combines showroom display with practical roll-up door access and dedicated employee facilities within a flex-retail layout.
The property is located in the Independence Heights/Northline submarket and is positioned as an east-west connector between I-45 and N Shepherd Dr. This placement supports visibility for a tenant seeking retail and light-industrial/flex utility in one building.
Overall, the space combines showroom display with practical roll-up door access and dedicated employee facilities within a flex-retail layout.
Key Highlights
- ~3,450 SF flex‑retail space on a 7,764 SF lot in the Independence Heights/Northline submarket
- Three 14.5'W x 7'H roll‑up doors for loading and light‑industrial/flex‑retail use
- Covered metal roof and framed front entrance with loading over the original parking 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
$35,925
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
8.07%
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%
$718,500
$718.5K
Cap Rate 7%
$513,214
$513.2K
Cap Rate 9%
$399,167
$399.2K
Market Conditions
NOI Build-Up for 3,450 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
$62.1K $18.00/SF
− Vacancy
−$6.8K −$1.98/SF
EGI
$55.3K $16.02/SF
− OpEx
−$19.3K −$5.61/SF
NOI
$35.9K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$718,500
Cap Rate 7%
$513,214
Cap Rate 9%
$399,167
Alternative Uses
Best Use
Flex RnD
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 8.07%
Second Best
Warehouse
$362.8K
$317.4K – $423.2K
NOI $25,393 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$887.1K
$776.3K – $1.04M
NOI $62,100 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex-retail space with three roll-up doors, a main showroom, and secondary show area with employee facilities.
Where is this flex space located?
The property is located at 625 W Parker Road Houston, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: ~3,450 SF flex‑retail space on a 7,764 SF lot in the Independence Heights/Northline submarket; Three 14.5'W x 7'H roll‑up doors for loading and light‑industrial/flex‑retail use; Covered metal roof and framed front entrance with loading over the original parking area
