Jensen Drive Commercial
For Sale
Contact for pricing
7000 JENSEN DR, Houston, TX 77093
Combined site with building and land, ideal for redevelopment.
Property Size5,000 SF
Lot Size0.66 Acres
Price / SF$186
Days on Market116
Property Features for 7000 JENSEN DR
General Information
Standard status
Active
Size
5,000 SF
Class
C
Total Parking Spaces
72
Lot size
0.66 Acres
Property subtype
Retail, Land, Mixed Use
Zoning
Mixed-Use
Investment Type
Owner/User
Building Details
Year Built
1950
Year Renovated
2005
Buildings
1
Stories
1
Units
15
Tenancy
Single
Listing Agency:
Mod Realty
Listed By:
Tanya Nero · License #731224
Source:
Crexi
Added: May 12
Changed: Aug 26
Last Checked: Sep 2 at 8:13AM
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 Mod Realty
Investment Insights
Based on property information with market context.
This commercial property on Jensen Drive offers a combined site of approximately 28,754 square feet across two parcels. It includes an existing building of approximately 5,000 square feet and a large adjacent land parcel, providing a flexible footprint suitable for owner-users, investors, or redevelopment. The existing structure features an open layout and can be repurposed for various commercial uses. The excess land allows for expansion, outdoor storage, additional parking, or future development. This makes the property attractive for automotive businesses, contractors, service operators, or users needing yard space. Located in a high-traffic corridor surrounded by industrial, automotive, and commercial activity, the site benefits from strong visibility and accessibility. The location's lack of traditional zoning enhances the flexibility of potential uses.
Key Highlights
- Large ±28,754 SF site with existing ±5,000 SF building and adjacent land parcel.
- Significant excess land** allows for expansion, outdoor storage, additional parking, or future development.
- Ideal for owner‑users, investors, or redevelopment due to flexible footprint.
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
$66,000
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
7.10%
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%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 5,000 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
$120.0K $24.00/SF
− Vacancy
−$14.4K −$2.88/SF
EGI
$105.6K $21.12/SF
− OpEx
−$39.6K −$7.92/SF
NOI
$66.0K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Mixed Use
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,000 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined site with building and land, ideal for redevelopment.
Where is this mixed-use property located?
The property is located at 7000 JENSEN DR Houston, TX.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Large ±28,754 SF site with existing ±5,000 SF building and adjacent land parcel.; Significant excess land** allows for expansion, outdoor storage, additional parking, or future development.; Ideal for owner‑users, investors, or redevelopment due to flexible footprint.
