Commercial Land with Flex/Office
For Sale
Contact for pricing
7087 Main Street, Houston, TX 77030
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$135.12
Days on Market125
Property Features for 7087 Main Street
General Information
Standard status
Active
Size
59,211 SF
Class
B
Total Parking Spaces
90
Lot size
1.36 Acres
Property subtype
Retail, Land
Investment Type
Redevelopment
Additional Details
Traffic Count
53,606 vehicles/day
Building Details
Year Built
1983
Units
1
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Gus Lagos · License #TX 419197
Source:
Crexi
Added: Jun 17
Changed: Oct 14
Last Checked: Oct 19 at 5:46AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$616,564
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,331,280
$12.3M
Cap Rate 7%
$8,808,057
$8.8M
Cap Rate 9%
$6,850,711
$6.9M
Market Conditions
NOI Build-Up for 59,211 SF
Gross rent
$1.07M $18.00/SF
− Vacancy
−$117.2K −$1.98/SF
EGI
$948.6K $16.02/SF
− OpEx
−$332.0K −$5.61/SF
NOI
$616.6K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,331,280
Cap Rate 7%
$8,808,057
Cap Rate 9%
$6,850,711
Alternative Uses
Best Use
Flex RnD
$8.81M
$7.71M – $10.28M
NOI $616,564 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$4.77M
$4.17M – $5.56M
NOI $333,861 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$15.23M
$13.32M – $17.76M
NOI $1,065,798 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
53,606 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77030, TX
13,221
Population
7,842
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
99%
High-School Grad
2.6 sq mi
ZIP Area
5,085
Density / Sq Mi
$79,415
Median Household Income
$62,929
Median Earnings
$1,684
Median Rent
$614,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
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 $8,000,775.
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.
