Retail Space Near Beltway
For Sale
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15919 S Post Oak Rd, Houston, TX 77053
10,052 SF retail space on 1.12 acres.
Property Size10,052 SF
Lot Size1.12 Acres
Price / SF$179.07
Days on Market814
Property Features for 15919 S Post Oak Rd
General Information
Standard status
Active
Size
10,052 SF
Class
C
Lot size
1.12 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$144,820
Building Details
Year Built
1987
Year Renovated
2002
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Realm Real Estate Professionals
Listed By:
Nizar Noor · License #TX 0771112
(281) 394-9120
Source:
Crexi
Added: Jun 16, 2024
Changed: Aug 16
Last Checked: Sep 7 at 2:32AM
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 Realm Real Estate Professionals
Investment Insights
Based on property information with market context.
This commercial property features 10,052 square feet of retail space on a 1.12-acre lot. The property is currently fully occupied. It is located in close proximity to Beltway 8 and the Post Oak area. The surrounding area has a population of 31,115 and an average household income of over $52,800 within the 77053 zip code.
Key Highlights
- High‑traffic location near Beltway 8 and the Post Oak area.
- Substantial size: 10,052 square feet.
- 1.12 acres of land.
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
$136,301
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
7.57%
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%
$2,726,020
$2.7M
Cap Rate 7%
$1,947,157
$1.9M
Cap Rate 9%
$1,514,456
$1.5M
Market Conditions
NOI Build-Up for 10,052 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
$206.3K $20.52/SF
− Vacancy
−$11.6K −$1.15/SF
EGI
$194.7K $19.37/SF
− OpEx
−$58.4K −$5.81/SF
NOI
$136.3K $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%
$2,726,020
Cap Rate 7%
$1,947,157
Cap Rate 9%
$1,514,456
Alternative Uses
Best Use
Retail
$1.95M
$1.70M – $2.27M
NOI $136,301 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.02M
NOI $180,936 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 77053, TX
30,350
Population
9,716
Households
3.1
Avg Household Size
34
Median Age
13%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,662
Density / Sq Mi
$63,739
Median Household Income
$32,177
Median Earnings
$1,579
Median Rent
$166,200
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 10,052 SF retail space on 1.12 acres.
Where is this retail space located?
The property is located at 15919 S Post Oak Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: High‑traffic location near Beltway 8 and the Post Oak area.; Substantial size: **10,052 square feet.**; 1.12 acres of land.
