Retail and Office Space
For Sale
Contact for pricing
3815 Hollister Road, Houston, TX 77080
30,194 SqFt retail and office space for sale.
Property Size30,194 SF
Price / SF$188.78
Days on Market1096
Property Features for 3815 Hollister Road
General Information
Standard status
Active
Size
30,194 SF
Property subtype
Industrial, Land
Investment Type
Redevelopment
Site & Location
Neighborhood
Spring Branch North
Listing Agency:
Read King Commercial Real Estate
Listed By:
Tony Patronella · License #TX 198760
(713) 828-4883
Source:
Crexi
Added: Oct 26, 2023
Changed: Oct 16
Last Checked: Oct 24 at 5:48PM
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 Read King Commercial Real Estate
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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 30,194 square feet of retail and office space. The property is suitable for retail, office, and industrial use.
Key Highlights
- Retail Property
- 30,194 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$409,419
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,188,380
$8.2M
Cap Rate 7%
$5,848,843
$5.8M
Cap Rate 9%
$4,549,100
$4.5M
Market Conditions
NOI Build-Up for 30,194 SF
Gross rent
$619.6K $20.52/SF
− Vacancy
−$34.7K −$1.15/SF
EGI
$584.9K $19.37/SF
− OpEx
−$175.5K −$5.81/SF
NOI
$409.4K $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%
$8,188,380
Cap Rate 7%
$5,848,843
Cap Rate 9%
$4,549,100
Alternative Uses
Best Use
Retail
$5.85M
$5.12M – $6.82M
NOI $409,419 @ 7.0% cap · market cap 7.18%
Second Best
Office B
$5.03M
$4.40M – $5.87M
NOI $352,183 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$7.76M
$6.79M – $9.06M
NOI $543,492 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 77080, TX
45,428
Population
17,394
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
68%
High-School Grad
6.4 sq mi
ZIP Area
7,098
Density / Sq Mi
$63,056
Median Household Income
$33,658
Median Earnings
$1,253
Median Rent
$311,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Retail space - 30,194 SqFt retail and office space for sale.
Where is this retail space located?
The property is located at 3815 Hollister Road Houston, TX.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Retail Property; 30,194 SqFt
