Mixed-Use Property with Street-Front
For Sale
$675,000
7016 Harrisburg Boulevard, Houston, TX 77011
Fully leased mixed-use property features street-front commercial space occupied by Metro by T-Mobile plus a duplex behind it.
Property Size3,916 SF
Days on Market89
Property Features for 7016 Harrisburg Boulevard
General Information
Standard status
Active
Size
3,916 SF
Property subtype
Multi Family,Multiple Detached Dwellings
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$6,982
Building Details
Building Size
3,916 SF
Year Built
1985
Buildings
2
Tenancy
Multi
Listing Agency:
The Vincere Group LLC
(281) 748-4955
Listed By:
Ngoc Cindie Huynh · License #0722034
(281) 748-4955
Source:
Livingvoguerealestate
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 29 at 2:35PM
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 The Vincere Group LLC
Investment Insights
Based on property information with market context.
This mixed-use property offers a street-front commercial building and a residential duplex behind it, with 100% occupancy. The commercial component is a high-visibility standalone building at the street front, currently occupied by Metro by T-Mobile.
The duplex sits directly behind the retail building, providing an additional residential income component within the same property configuration. The property was built in 1985.
For buyers seeking an occupied setup that combines street-level retail with residential units on one site, this layout provides two distinct spaces under one ownership, both currently leased.
The duplex sits directly behind the retail building, providing an additional residential income component within the same property configuration. The property was built in 1985.
For buyers seeking an occupied setup that combines street-level retail with residential units on one site, this layout provides two distinct spaces under one ownership, both currently leased.
Key Highlights
- 100% occupancy across the mixed‑use property
- Street‑front commercial building occupied by Metro by T‑Mobile
- Residential duplex located directly behind the retail building
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
$53,099
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
7.87%
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%
$1,061,980
$1.1M
Cap Rate 7%
$758,557
$758.6K
Cap Rate 9%
$589,989
$590.0K
Market Conditions
NOI Build-Up for 3,916 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
$80.4K $20.52/SF
− Vacancy
−$4.5K −$1.15/SF
EGI
$75.9K $19.37/SF
− OpEx
−$22.8K −$5.81/SF
NOI
$53.1K $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 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%
$1,061,980
Cap Rate 7%
$758,557
Cap Rate 9%
$589,989
Alternative Uses
Best Use
Retail
$758.6K
$663.7K – $885.0K
NOI $53,099 @ 7.0% cap · market cap 7.87%
Second Best
Mixed Use
$738.4K
$646.1K – $861.5K
NOI $51,691 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.01M
$881.1K – $1.17M
NOI $70,488 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use property features street-front commercial space occupied by Metro by T-Mobile plus a duplex behind it.
Where is this mixed-use property located?
The property is located at 7016 Harrisburg Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 100% occupancy across the mixed‑use property; Street‑front commercial building occupied by Metro by T‑Mobile; Residential duplex located directly behind the retail building
