Retail and Mixed-Use
8614 Veterans Memorial Dr Houston, TX 77088
8614 Veterans Memorial Dr, Houston, TX, 77088
Contact for pricing
For Sale
Contact for pricing
14,074 SqFt retail and mixed-use space available.
Property Size14,074 SF
Price / SF$131.45
Days on Market710
Property Features for 8614 Veterans Memorial Dr
General Information
- Standard status
- Active
- Size
- 14,074 SF
- Property subtype
- Retail, Office, Industrial, Mixed Use
Listing Agency
Advisors Commercial RE
(972) 387-0300
Listed by
David Hummel · License #TX
Source
Crexi
Added: Aug 9, 2024 Checked: Jul 19 at 3:08 am
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
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
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 | $304.0k | $21.60 |
| − Vacancy | −$85.1k | −$6.05 |
| EGI | $218.9k | $15.55 |
| − OpEx | −$54.7k | −$3.89 |
| NOI | $164.2k | $11.66 |
14,074 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Werther International
Production Facility
Silent Aire Technology
Industrial Manufacturer
Super Silent Compressors
Production Facility
Similar For Sale Nearby
FAQs
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
