Retail Storefront with Pylon
For Sale
Contact for pricing
6647 Gulf Fwy, Houston, TX 77087
Improved retail property with a pylon sign and a mezzanine balcony that adds additional square footage.
Property Size10,780 SF
Lot Size0.60 Acres
Price / SF$231.91
Days on Market297
Property Features for 6647 Gulf Fwy
General Information
Standard status
Active
Size
10,780 SF
Lot size
0.60 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Reveille
Highway Access
Yes
Listing Agency:
CBRE, Inc.
(713) 577-1600
Listed By:
Jazz Hamilton · License #0579140
(713) 577-1805
Source:
Moodyscre
Added: Jan 5
Changed: Oct 26
Last Checked: Oct 28 at 8:00AM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
This for-sale retail storefront includes approximately 10.60 acres with 10,780 square feet of improvements. The property features a 232’ x 12’ mezzanine balcony, creating additional square footage within the existing building layout. A pylon sign is included, supporting building identification and roadside presence.
The property is described as having visibility to Gulf Freeway 45 S. Current occupancy requires 30 days to vacate, and the seller notes there is no income on the property.
Overall, the combination of a pylon sign, meaningful mezzanine balcony area, and the stated exposure to Gulf Freeway 45 S presents a straightforward retail-focused asset for buyers planning for a post-vacate conversion or re-tenanting timeline.
The property is described as having visibility to Gulf Freeway 45 S. Current occupancy requires 30 days to vacate, and the seller notes there is no income on the property.
Overall, the combination of a pylon sign, meaningful mezzanine balcony area, and the stated exposure to Gulf Freeway 45 S presents a straightforward retail-focused asset for buyers planning for a post-vacate conversion or re-tenanting timeline.
Key Highlights
- 0.60 acres with 10,780 SF of improvements
- 232' x 12' mezzanine balcony adds additional square footage
- Great visibility to Gulf Freeway 45 S
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,173
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,923,460
$2.9M
Cap Rate 7%
$2,088,186
$2.1M
Cap Rate 9%
$1,624,144
$1.6M
Market Conditions
NOI Build-Up for 10,780 SF
Gross rent
$221.2K $20.52/SF
− Vacancy
−$12.4K −$1.15/SF
EGI
$208.8K $19.37/SF
− OpEx
−$62.6K −$5.81/SF
NOI
$146.2K $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%
$2,923,460
Cap Rate 7%
$2,088,186
Cap Rate 9%
$1,624,144
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,173 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.23M
NOI $194,040 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Retail space - Improved retail property with a pylon sign and a mezzanine balcony that adds additional square footage.
Where is this retail space located?
The property is located at 6647 Gulf Fwy Houston, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 0.60 acres with 10,780 SF of improvements; 232' x 12' mezzanine balcony adds additional square footage; Great visibility to Gulf Freeway 45 S
