Retail and Mixed-Use
For Sale
Contact for pricing
8614 Veterans Memorial Dr, Houston, TX 77088
14,074 SqFt retail and mixed-use space available.
Property Size14,074 SF
Price / SF$131.45
Days on Market800
Property Features for 8614 Veterans Memorial Dr
General Information
Standard status
Active
Size
14,074 SF
Property subtype
Retail, Office, Industrial, Mixed Use
Building Details
Buildings
2
Listing Agency:
Advisors Commercial RE
Listed By:
David Hummel · License #TX
(972) 387-0300
Source:
Crexi
Added: Aug 9, 2024
Changed: Oct 8
Last Checked: Oct 16 at 8:03AM
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 Advisors Commercial RE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers 14,074 square feet of retail and mixed-use space. It is suitable for retail, office, and industrial purposes.
Key Highlights
- Retail Property
- 14,074 SqFt of space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,159
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,283,180
$3.3M
Cap Rate 7%
$2,345,129
$2.3M
Cap Rate 9%
$1,823,989
$1.8M
Market Conditions
NOI Build-Up for 14,074 SF
Gross rent
$304.0K $21.60/SF
− Vacancy
−$85.1K −$6.05/SF
EGI
$218.9K $15.55/SF
− OpEx
−$54.7K −$3.89/SF
NOI
$164.2K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,283,180
Cap Rate 7%
$2,345,129
Cap Rate 9%
$1,823,989
Alternative Uses
Best Use
Retail
$2.73M
$2.39M – $3.18M
NOI $190,838 @ 7.0% cap · market cap 10.32%
Second Best
Mixed Use
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 10.04%
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,332 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - 14,074 SqFt retail and mixed-use space available.
Where is this mixed-use property located?
The property is located at 8614 Veterans Memorial Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Retail Property; 14,074 SqFt of space available
