Fully Occupied Retail Strip
For Sale
Contact for pricing
834 Little York Rd, Houston, TX 77076
Four occupied suites serve an established retail corridor surrounded by dense residential areas.
Property Size3,200 SF
Price / SF$310.94
Days on Market139
Property Features for 834 Little York Rd
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$66,110
Financials
Asking Price
$995,000
Cap Rate
6.64%
Building Details
Year Built
2004
Units
4
Tenancy
Multi
Listing Agency:
Meridian Real Estate
Listed By:
Noor Virani · License #TX 0785210
Source:
Crexi
Added: Apr 15
Changed: Aug 31
Last Checked: Aug 31 at 4:51PM
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 Meridian Real Estate
Investment Insights
Based on property information with market context.
This retail strip center contains four occupied suites totaling approximately 3,200 square feet. Each suite measures around 800 square feet, providing a consistent multi-tenant layout within a building constructed in 2004. The property is fully occupied and offers an established retail configuration with limited day-to-day management requirements described in the listing information.
The center fronts Little York Rd in Houston and benefits from visibility along the roadway. Its setting within a dense surrounding residential area supports its role as a neighborhood-serving retail property. The investment is reported at a 6.64% cap rate, with the four-suite arrangement providing multiple occupied retail spaces within one commercial asset.
The center fronts Little York Rd in Houston and benefits from visibility along the roadway. Its setting within a dense surrounding residential area supports its role as a neighborhood-serving retail property. The investment is reported at a 6.64% cap rate, with the four-suite arrangement providing multiple occupied retail spaces within one commercial asset.
Key Highlights
- Four occupied retail suites within one strip center
- Approximately 3,200 SF total building area
- Around 800 SF per suite
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
$43,391
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
4.36%
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%
$867,820
$867.8K
Cap Rate 7%
$619,871
$619.9K
Cap Rate 9%
$482,122
$482.1K
Market Conditions
NOI Build-Up for 3,200 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
$65.7K $20.52/SF
− Vacancy
−$3.7K −$1.15/SF
EGI
$62.0K $19.37/SF
− OpEx
−$18.6K −$5.81/SF
NOI
$43.4K $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%
$867,820
Cap Rate 7%
$619,871
Cap Rate 9%
$482,122
Alternative Uses
Best Use
Retail
$619.9K
$542.4K – $723.2K
NOI $43,391 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Shops & Services 41%
Apparel 10%
Home Improvements & Furnishings 2%
Sellers Bros
Groceries
24,822 visits/mo
0.4 miles
Dollar Tree
Shops & Services
12,446 visits/mo
0.4 miles
Valero Energy
Shops & Services
9,647 visits/mo
0.4 miles
Melrose
Apparel
5,335 visits/mo
0.4 miles
Aaron's
Home Improvements & Furnishings
850 visits/mo
0.4 miles
Demographics for 77076, TX
32,349
Population
10,650
Households
3
Avg Household Size
31
Median Age
6%
College-Educated
55%
High-School Grad
4.7 sq mi
ZIP Area
6,883
Density / Sq Mi
$39,895
Median Household Income
$26,809
Median Earnings
$1,151
Median Rent
$147,700
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Four occupied suites serve an established retail corridor surrounded by dense residential areas.
Where is this strip mall located?
The property is located at 834 Little York Rd Houston, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four occupied retail suites within one strip center; Approximately 3,200 SF total building area; Around 800 SF per suite
