Renovated Retail
For Sale
Contact for pricing
629 W 19th Street, Houston, TX 77008
Updated commercial space with dedicated on-site parking in Houston’s Heights area.
Property Size12,654 SF
Lot Size0.63 Acres
Price / SF$482.06
Days on Market10
Property Features for 629 W 19th Street
General Information
Standard status
Active
Size
12,654 SF
Total Parking Spaces
50
Lot size
0.63 Acres
Property subtype
Retail, Office, Mixed Use
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$134,000
Building Details
Year Renovated
2020
Buildings
1
Tenancy
Multi
Listing Agency:
Davis Commercial a Real Estate Company
(713) 528-9776
Listed By:
Mark Davis · License #TX 409852
Source:
Crexi
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 25 at 7:25AM
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 Davis Commercial a Real Estate Company
Investment Insights
Based on property information with market context.
This retail property includes a 12,654-square-foot building on a 27,510-square-foot parcel. The improvements were completely renovated in 2020 and are accompanied by 50 on-site parking spaces, providing a substantial physical platform for retail occupancy or other commercial use supported by the existing asset classification.
The property is located at 629 W 19th Street in Houston’s Heights area. Its W 19th Street address places the asset within the neighborhood context identified in the listing, while the combination of building area, land area, and parking creates a well-defined commercial property offering.
The property is located at 629 W 19th Street in Houston’s Heights area. Its W 19th Street address places the asset within the neighborhood context identified in the listing, while the combination of building area, land area, and parking creates a well-defined commercial property offering.
Key Highlights
- 12,654 SF retail building
- 27,510 SF land parcel
- 50 on‑site parking spaces
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
$171,583
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
2.81%
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%
$3,431,660
$3.4M
Cap Rate 7%
$2,451,186
$2.5M
Cap Rate 9%
$1,906,478
$1.9M
Market Conditions
NOI Build-Up for 12,654 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
$259.7K $20.52/SF
− Vacancy
−$14.5K −$1.15/SF
EGI
$245.1K $19.37/SF
− OpEx
−$73.5K −$5.81/SF
NOI
$171.6K $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 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%
$3,431,660
Cap Rate 7%
$2,451,186
Cap Rate 9%
$1,906,478
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.86M
NOI $171,583 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,772 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 77008, TX
36,631
Population
20,709
Households
1.8
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
5,636
Density / Sq Mi
$142,414
Median Household Income
$84,642
Median Earnings
$1,567
Median Rent
$609,300
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Updated commercial space with dedicated on-site parking in Houston’s Heights area.
Where is this retail space located?
The property is located at 629 W 19th Street Houston, TX.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 12,654 SF retail building; 27,510 SF land parcel; 50 on‑site parking spaces
