Assisted Living and Medical
For Sale
Contact for pricing
675 RANKIN RD, Houston, TX 77067
For sale property with an electronic gate and approximately 9,559 SF, suited for assisted living or medical-related uses.
Property Size9,559 SF
Price / SF$219.69
Days on Market517
Property Features for 675 RANKIN RD
General Information
Standard status
Active
Size
9,559 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Amenities
electronic gate
Listing Agency:
Danny Nguyen Commercial
(713) 270-5400
Listed By:
Danny Nguyen, CCIM
Source:
Moodyscre
Added: Feb 28, 2025
Changed: Jul 25
Last Checked: Jul 29 at 3:41PM
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 Danny Nguyen Commercial
Investment Insights
Based on property information with market context.
This for-sale property is offered with owner financing available and availability of approximately 9,559 SF. The site includes an electronic gate, supporting controlled access for a variety of neighborhood-oriented commercial and care uses.
The location provides proximity to major employers and transportation corridors, with approximate distances of 0.7 miles to I-45 and 7 miles to Beltway 8. It is also approximately 8 miles to George Bush Intercontinental Airport and within about 1.3 miles of United Airlines Reservations North Houston Center. Additional nearby distribution and business references noted include an Amazon distribution center (about 2 miles) and Dr. Pepper & Sysco distribution center (about 3 miles).
The owner’s remarks indicate the property may be suitable for assisted living, medical/health facilities, retail centers, daycare/trade school programs, and professional services or offices.
The location provides proximity to major employers and transportation corridors, with approximate distances of 0.7 miles to I-45 and 7 miles to Beltway 8. It is also approximately 8 miles to George Bush Intercontinental Airport and within about 1.3 miles of United Airlines Reservations North Houston Center. Additional nearby distribution and business references noted include an Amazon distribution center (about 2 miles) and Dr. Pepper & Sysco distribution center (about 3 miles).
The owner’s remarks indicate the property may be suitable for assisted living, medical/health facilities, retail centers, daycare/trade school programs, and professional services or offices.
Key Highlights
- Electronic gate on‑site
- Approximately 9,559 SF available (+/- 9,559 SF)
- Owner financing available
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 | $196.2k | $20.52 |
| − Vacancy | −$11.0k | −$1.15 |
| EGI | $185.2k | $19.37 |
| − OpEx | −$55.5k | −$5.81 |
| NOI | $129.6k | $13.56 |
9,559 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,616 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$1.55M
$1.35M – $1.80M
NOI $108,295 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,062 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 77067, TX
31,729
Population
11,072
Households
2.9
Avg Household Size
31
Median Age
12%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
5,566
Density / Sq Mi
$51,278
Median Household Income
$33,287
Median Earnings
$1,138
Median Rent
$174,600
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 - For sale property with an electronic gate and approximately 9,559 SF, suited for assisted living or medical-related uses.
Where is this retail space located?
The property is located at 675 RANKIN RD Houston, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Electronic gate on‑site; Approximately 9,559 SF available (+/- 9,559 SF); Owner financing available
