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    589 Airtex Blvd Houston, TX 77073

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    For Lease
    Contact for pricing

    High-traffic retail space, I-45 access

    Lot size:
    8,626 SF

    Property Features for 589 Airtex Blvd

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,626 SF
    Total Rate
    17970.83

    Building Details

    Stories
    1

    Spaces For Lease

    at 589 Airtex Blvd, Houston, TX 77073 Contact us
    Unit Suite 400

    $25 /Mo

    Size
    2,305 SF
    Contact us

    We can help!

    Listing Contact
    Adam Mcalpine
    Adam Mcalpine

    Listing Agency: McAlpine Interests Listing Agent: Adam Mcalpine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, totaling 8,626 square feet, is situated in the vibrant Champions area of North Houston, offering unparalleled convenience and visibility. The property features a single-story building with one available endcap space of 2,305 square feet, perfect for a variety of restaurant concepts. Its prime location boasts convenient access to Interstate 45, placing it within easy reach of a large customer base. The property benefits from a cross-access easement from the hard corner at Ella Boulevard and Airtex Drive, enhancing visibility and accessibility. Strategically positioned between Beltway 8/Sam Houston Tollway and FM 1960, just north of Rankin Road, this location offers exceptional connectivity to major thoroughfares and the George Bush Intercontinental Airport. Ample parking is provided with a 7.18/1,000 parking ratio, ensuring convenient access for customers and employees. This is a rare opportunity to secure a high-demand retail space in a thriving North Houston location. The property is located in Harris County, Texas. The multiple tenancy structure offers flexibility and potential for synergistic businesses. This endcap space presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation arteries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Skin Care Clinic Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.433776795179
    Latitude
    29.983542547005

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    FAQs

    What type of property is this?
    Retail space - High-traffic retail space, I-45 access
    Where is this retail space located?
    The property is located at 589 Airtex Blvd Houston, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Retail property in Champions area of North Houston, near I-45.; Cross-access easement from Ella Blvd. and Airtex Dr. hard corner.; Located west of I-45, at Ella Blvd. and Airtex Dr., between Beltway 8 and FM 1960, north of Rankin Rd.
    (281) 973-4562 Call to check price and availability
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    589 Airtex Blvd Houston, TX 77073
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    Houston, TX 77073
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    589 Airtex Blvd Houston, TX 77073
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    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Mcalpine
    Adam Mcalpine
    Real Estate License ID: 600646
    (281) 973-4562 (281) 973-0456
    Learn more
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