High-Visibility Storefront with Development
3743 Erie St Houston, TX 77017
3743 Erie St, Houston, TX, 77017
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For Sale
Contact for pricing
Versatile storefront with I-45 visibility and expansion potential.
Property Size1,608 SF
Lot Size0.29 Acres
Price / SF$295.40
Days on Market663
Property Features for 3743 Erie St
General Information
- Standard status
- Active
- Size
- 1,608 SF
- Lot size
- 0.29 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1940
Listing Agency
RE/MAX Top Realty
Listed by
Tony Rodriguez · License #TX 511862
Source
Crexi
Added: Sep 23, 2024 Checked: Jul 16 at 4:36 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 RE/MAX Top Realty
Investment Insights
Based on property information with market context.
Located at 3743 Erie St, this 1,610 sq. ft. storefront offers high visibility immediately off I-45. The property includes a 12,900 sq. ft. lot. The property features a 35x16 open-concept area, suitable for a retail floor, creative studio, or collaborative workspace. It also includes a private 14x14 office, a full kitchen, and a bathroom. Front-facing parking is available for 4-6 vehicles, with a large rear lot providing additional parking or fleet storage. The 12,900 sq. ft. lot offers room for expansion or redevelopment. The property is ideal for high-turnover retail or a specialty showroom. It is also suitable for insurance, law, or logistics firms needing a central hub with quick I-45 access. The large lot and office combo make this suitable for contractors (HVAC, Plumbing, Electrical) who require both a front office and secure yard space. The property benefits from high daily traffic counts off Highway 45. The 1,610 sq. ft. interior is functional and layout-optimized for immediate commercial use. The lot offers space to extend the building footprint or create a secure commercial compound.
Key Highlights
- Unparalleled visibility immediately off I‑45 with high daily traffic.
- Expansive 12,900 sq. ft. lot offers room for expansion.
- Move‑in ready 1,610 sq. ft. storefront suitable for various uses.
Local Financial Insights For Retail
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 | $33.0k | $20.52 |
| − Vacancy | −$1.8k | −$1.15 |
| EGI | $31.1k | $19.37 |
| − OpEx | −$9.3k | −$5.81 |
| NOI | $21.8k | $13.56 |
1,608 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$311.5K
$272.6K – $363.4K
NOI $21,804 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$267.9K
$234.5K – $312.6K
NOI $18,756 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K
NOI $28,944 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Select Caskets of Texas, ...
Cemetery
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Similar Off Market Nearby
- Shans Carpets And Fine Flooring Inc. — 8105 Gulf Fwy, Houston, TX 77017
FAQs
What type of property is this?
Showroom - Versatile storefront with I-45 visibility and expansion potential.
Where is this showroom located?
The property is located at 3743 Erie St Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Unparalleled visibility immediately off I‑45 with high daily traffic.; Expansive 12,900 sq. ft. lot offers room for expansion.; Move‑in ready 1,610 sq. ft. storefront suitable for various uses.
