Leased Retail Center Investment
For Sale
$1,000,000
8380 N Fairbanks Rd, Houston, TX 77064
4400SF FAIRBANKS DENTAL STRIP CENTER
Property Size4,400 SF
Lot Size0.36 Acres
Price / SF$227.27
Days on Market648
Property Features for 8380 N Fairbanks Rd
General Information
Standard status
Active
Property type
Individual retail properties, Other retail properties, Shopping centers, Retail properties & Spaces
Size
4,400 SF
Class
C
Total Parking Spaces
13
Elevators
N/A
Lot size
0.36 Acres
Occupancy
100%
Net Operating Income
$71,109
Building Details
Year Built
1981
Buildings
1
Stories
1
Units
3
Listed By:
Daniel Nunez
(832) 516-5619
Added: Jan 9, 2025
Changed: Mar 16
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,400 square foot retail center is located on N Fairbanks Rd in Houston, Texas. The property is situated less than 3 miles from Sam Houston Tollway and Highway 290, providing excellent accessibility and high visibility. The property features over 124 feet of frontage on a signalized corner, with daily traffic of approximately 34,506 vehicles. Two large curb cuts and a double-sided pylon sign enhance tenant exposure. The center is 100% leased, with a major dental tenant occupying over half the space, ensuring stable income. Situated on a 0.36-acre lot, the property houses three units. The area has over 148,361 residents within a 5-mile radius and an average household income of $98,173.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,662
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,240
$1.2M
Cap Rate 7%
$852,314
$852.3K
Cap Rate 9%
$662,911
$662.9K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$90.3K $20.52/SF
− Vacancy
−$5.1K −$1.15/SF
EGI
$85.2K $19.37/SF
− OpEx
−$25.6K −$5.81/SF
NOI
$59.7K $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 Rate 5%
$1,193,240
Cap Rate 7%
$852,314
Cap Rate 9%
$662,911
Alternative Uses
Best Use
Retail
$852.3K
$745.8K – $994.4K
NOI $59,662 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 77064, TX
48,243
Population
17,358
Households
2.8
Avg Household Size
36
Median Age
29%
College-Educated
82%
High-School Grad
14.7 sq mi
ZIP Area
3,282
Density / Sq Mi
$85,318
Median Household Income
$42,133
Median Earnings
$1,477
Median Rent
$234,600
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Individual retail property - 4400SF FAIRBANKS DENTAL STRIP CENTER
Where is this individual retail property located?
The property is located at 8380 N Fairbanks Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,000,000.
