Commercial Land with Flex/Office
7087 Main Street Houston, TX 77030
7087 Main Street, Houston, TX, 77030
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For Sale
Contact for pricing
Land parcel with retail frontage and existing flex/office shell improvements for owner-users or redevelopment in Houston.
Property Size59,211 SF
Lot Size1.36 Acres
Price / SF$145
Days on Market32
Property Features for 7087 Main Street
General Information
- Standard status
- Active
- Size
- 59,211 SF
- Lot size
- 1.36 Acres
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1983
Listing Agency
Marcus & Millichap - Houston
Listed by
Gus Lagos · License #TX 419197
Source
Crexi
Added: Jun 17 Checked: Jul 17 at 1:13 pm
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 Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
This offering presents ±1.36 acres of commercial land with existing ±47,918 square feet of flex/office shell improvements. The site includes a development-ready land configuration on the eastern quadrant of Main Street and Kirby Drive, with existing structures that may be built out for an owner-user approach or redeveloped for a new ground-up concept.
Fronting Main Street, the property provides approximately 1,301 feet of retail frontage and is presented as benefiting from an estimated 53,606 vehicles per day. It is positioned roughly within a half-mile of the Medical Center and approximately a bit over one mile from NRG Stadium, supporting a mix of retail-oriented and institutional-adjacent development interests.
For buyers, the combination of substantial street frontage and existing shell space gives options for adaptive reuse, phased development, or demolition and ground-up construction depending on the intended use. The site’s location at a primary thoroughfare between the Medical Center and NRG Stadium area supports planning for uses such as medical/life science, hospitality, retail, multifamily, or mixed-use development, subject to applicable approvals.
Fronting Main Street, the property provides approximately 1,301 feet of retail frontage and is presented as benefiting from an estimated 53,606 vehicles per day. It is positioned roughly within a half-mile of the Medical Center and approximately a bit over one mile from NRG Stadium, supporting a mix of retail-oriented and institutional-adjacent development interests.
For buyers, the combination of substantial street frontage and existing shell space gives options for adaptive reuse, phased development, or demolition and ground-up construction depending on the intended use. The site’s location at a primary thoroughfare between the Medical Center and NRG Stadium area supports planning for uses such as medical/life science, hospitality, retail, multifamily, or mixed-use development, subject to applicable approvals.
Key Highlights
- 1.36‑acre land parcel at 7807 Main Street, Houston, TX 77030 (Year built: 1983).
- 1301 feet of retail frontage on Main Street (approx. 53,606 vehicles per day).
- 59,211 SF land located near Main Street and Kirby Drive.
Local Financial Insights For Office B
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 | $1.28M | $21.60 |
| − Vacancy | −$358.1k | −$6.05 |
| EGI | $920.8k | $15.55 |
| − OpEx | −$230.2k | −$3.89 |
| NOI | $690.6k | $11.66 |
59,211 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.87M
$8.63M – $11.51M
NOI $690,637 @ 7.0% cap · market cap 8.04%
Second Best
Flex RnD
$8.81M
$7.71M – $10.28M
NOI $616,564 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$15.23M
$13.32M – $17.76M
NOI $1,065,798 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Ral's Fine Catering — 5927 Almeda Rd, Houston, TX 77004
- Westheimer Catering Solutions — 4418 Fannin St Suite 101, Houston, TX 77004
- True Dog Houston — 20 Alumni Dr, Houston, TX 77005
- Wolfe & Wine Co. — 1801 Binz St Suite 120, Houston, TX 77004
FAQs
What type of property is this?
Flex space - Land parcel with retail frontage and existing flex/office shell improvements for owner-users or redevelopment in Houston.
Where is this flex space located?
The property is located at 7087 Main Street Houston, TX.
What is the asking price?
The asking price for this property is $8,585,595.
What are key features of this property?
This property features: 1.36‑acre land parcel at 7807 Main Street, Houston, TX 77030 (Year built: 1983).; 1301 feet of retail frontage on Main Street (approx. 53,606 vehicles per day).; 59,211 SF land located near Main Street and Kirby Drive.
