Multi-Tenant Retail Center with
For Sale
Contact for pricing
9522 Huffmeister Rd, Houston, TX 77095
100% leased multi-tenant retail center featuring an outparcel drive-thru coffee concept on a long-term ground lease.
Property Size19,037 SF
Price / SF$403.32
Days on Market95
Property Features for 9522 Huffmeister Rd
General Information
Standard status
Active
Size
19,037 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$549,000
Additional Details
Cap Rate
6.91%
Building Details
Year Built
2009
Tenancy
Multi
Listing Agency:
Wexford Commercial Properties
Listed By:
J. Brady Wilkins, CCIM, SIOR · License #TX 9013556
Source:
Crexi
Added: Jun 3
Changed: Aug 31
Last Checked: Sep 4 at 11:02PM
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 Wexford Commercial Properties
Investment Insights
Based on property information with market context.
Eagles Landing on Huffmeister is a 19,037-square-foot inline multi-tenant retail center offering 12 tenant spaces. The property is 100% leased and described as stabilized. A pad site on the premises is occupied by a drive-thru coffee concept under a long-term ground lease, adding a second retail format within the overall center configuration.
The center is located on Huffmeister Road in Houston, Texas. The listing presents Eagles Landing as a constructed retail asset designed to serve multiple tenants within one cohesive footprint.
For investors, this offering is positioned as a stabilized, fully occupied property with in-place income. The pad site’s long-term ground lease structure may provide additional durability to the overall tenant mix, while the inline configuration supports a multi-tenant retail approach within a single ownership. The seller has noted an opportunity to acquire the asset at a 6.91% cap rate on in-place NOI.
The center is located on Huffmeister Road in Houston, Texas. The listing presents Eagles Landing as a constructed retail asset designed to serve multiple tenants within one cohesive footprint.
For investors, this offering is positioned as a stabilized, fully occupied property with in-place income. The pad site’s long-term ground lease structure may provide additional durability to the overall tenant mix, while the inline configuration supports a multi-tenant retail approach within a single ownership. The seller has noted an opportunity to acquire the asset at a 6.91% cap rate on in-place NOI.
Key Highlights
- 19,037 SF inline multi‑tenant retail center on Huffmeister Road
- 100% leased and stabilized with 12 tenants
- Includes a pad site with a drive‑thru coffee concept on a long‑term ground lease
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
$258,134
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
3.36%
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%
$5,162,680
$5.2M
Cap Rate 7%
$3,687,629
$3.7M
Cap Rate 9%
$2,868,156
$2.9M
Market Conditions
NOI Build-Up for 19,037 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
$390.6K $20.52/SF
− Vacancy
−$21.9K −$1.15/SF
EGI
$368.8K $19.37/SF
− OpEx
−$110.6K −$5.81/SF
NOI
$258.1K $13.56/SF
Area
ZIP 77095
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%
$5,162,680
Cap Rate 7%
$3,687,629
Cap Rate 9%
$2,868,156
Alternative Uses
Best Use
Retail
$3.69M
$3.23M – $4.30M
NOI $258,134 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.90M
$4.28M – $5.71M
NOI $342,666 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77095, TX
71,206
Population
26,429
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
4,844
Density / Sq Mi
$95,657
Median Household Income
$49,466
Median Earnings
$1,638
Median Rent
$288,500
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Shopping center - 100% leased multi-tenant retail center featuring an outparcel drive-thru coffee concept on a long-term ground lease.
Where is this shopping center located?
The property is located at 9522 Huffmeister Rd Houston, TX.
What is the asking price?
The asking price for this property is $7,678,000.
What are key features of this property?
This property features: 19,037 SF inline multi‑tenant retail center on Huffmeister Road; 100% leased and stabilized with 12 tenants; Includes a pad site with a drive‑thru coffee concept on a long‑term ground lease
