Leased Retail Shopping
6306 Fairbanks North Houston Road, Houston, TX 77040
For Sale
Contact for pricing
Pending
Fee simple retail center with 100% leasing and frontage along busy US Highway 290.
Property Size13,270 SF
Days on Market155
Property Features for 6306 Fairbanks North Houston Road
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Net Operating Income
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Blue West Capital
Listed By:
Riley Sharman · License TX #0521260
Source:
Crexi
Added: Jun 9
Changed: Oct 28
Last Checked: Nov 10 at 8:07AM
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 Blue West Capital
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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
Estimated NOI and Cap Rate
NOI / Yr
$179,936
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,598,720
$3.6M
Cap Rate 7%
$2,570,514
$2.6M
Cap Rate 9%
$1,999,289
$2.0M
Market Conditions
NOI Build-Up for 13,270 SF
Gross rent
$272.3K $20.52/SF
− Vacancy
−$15.2K −$1.15/SF
EGI
$257.1K $19.37/SF
− OpEx
−$77.1K −$5.81/SF
NOI
$179.9K $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 Rate 5%
$3,598,720
Cap Rate 7%
$2,570,514
Cap Rate 9%
$1,999,289
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Houston
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Shops on West Tidwell — 13445 Northwest Fwy, Houston, TX 77040
- SL Plaza — 13509 Northwest Fwy, Houston, TX 77040
- Northwest Marketplace — 13706-13846 Northwest Fwy, Houston, TX 77040
- Fairbanks Shopping Center — 6306 Fairbanks North Houston Rd, 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
