Leased Retail Shopping
For Sale
Contact for pricing
6306 Fairbanks North Houston Road, Houston, TX 77040
Fee simple retail center with 100% leasing and frontage along busy US Highway 290.
Property Size13,270 SF
Price / SF$286.44
Days on Market57
Property Features for 6306 Fairbanks North Houston Road
General Information
Standard status
Active
Size
13,270 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Northmarq Capital, LLC
Listed By:
Riley Sharman · License #TX 0521260
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 3 at 3:58AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Northmarq is pleased to offer a fee simple interest in the 290@Fairbanks Shopping Center, a retail property in Houston, TX. The center is 100% leased and operated with a streamlined tenant roster consisting of just 6 tenants, supporting an easier day-to-day management profile for an ownership group.
The property is positioned at 6306 Fairbanks N. Houston Rd. with easy access and ample frontage to busy U.S. Highway 290, also known as the Northwest Freeway. The shopping center sits directly in front of Home Depot, providing direct connection to an established retail destination and everyday storefront traffic.
For buyers seeking a straightforward small-format retail ownership, this asset combines a fully leased configuration with strong visibility off US Highway 290 and a convenient, easily managed layout defined by six tenants. The current leasing provides an immediate operating baseline, while the property’s frontage and access are designed to support continued retail presence for the surrounding community.
The property is positioned at 6306 Fairbanks N. Houston Rd. with easy access and ample frontage to busy U.S. Highway 290, also known as the Northwest Freeway. The shopping center sits directly in front of Home Depot, providing direct connection to an established retail destination and everyday storefront traffic.
For buyers seeking a straightforward small-format retail ownership, this asset combines a fully leased configuration with strong visibility off US Highway 290 and a convenient, easily managed layout defined by six tenants. The current leasing provides an immediate operating baseline, while the property’s frontage and access are designed to support continued retail presence for the surrounding community.
Key Highlights
- Fee simple interest in 290@Fairbanks Shopping Center, located at 6306 Fairbanks N. Houston Rd., Houston, TX
- 100% leased retail center with a diverse mix of tenants serving the surrounding community
- Directly in front of Home Depot
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 | $272.3k | $20.52 |
| − Vacancy | −$15.2k | −$1.15 |
| EGI | $257.1k | $19.37 |
| − OpEx | −$77.1k | −$5.81 |
| NOI | $179.9k | $13.56 |
13,270 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $3.00M
NOI $179,936 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $238,860 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77040, TX
49,524
Population
19,197
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
79%
High-School Grad
13.8 sq mi
ZIP Area
3,589
Density / Sq Mi
$67,254
Median Household Income
$37,004
Median Earnings
$1,343
Median Rent
$224,200
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Shops on West Tidwell — 13445 Northwest Fwy, Houston, TX 77040
- Fairbanks Shopping Center — 6306 Fairbanks North Houston Rd, Houston, TX 77040
- Northwest Marketplace — 13706-13846 Northwest Fwy, Houston, TX 77040
- SL Plaza — 13509 Northwest Fwy, Houston, TX 77040
Frequently Asked Questions
What type of property is this?
Shopping center - Fee simple retail center with 100% leasing and frontage along busy US Highway 290.
Where is this shopping center located?
The property is located at 6306 Fairbanks North Houston Road Houston, TX.
What is the asking price?
The asking price for this property is $3,801,000.
What are key features of this property?
This property features: Fee simple interest in 290@Fairbanks Shopping Center, located at 6306 Fairbanks N. Houston Rd., Houston, TX; 100% leased retail center with a diverse mix of tenants serving the surrounding community; Directly in front of Home Depot
