Prime Freeway Frontage Investment
For Sale
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14504 North Fwy, Houston, TX 77090
Freeway frontage property in a rapidly growing area.
Property Size9,456 SF
Lot Size2.70 Acres
Price / SF$263.85
Days on Market1163
Property Features for 14504 North Fwy
General Information
Standard status
Active
Size
9,456 SF
Class
B
Lot size
2.70 Acres
Property subtype
Office
Lease Type
Modified Gross
Building Details
Buildings
3
Listing Agency:
eXp Realty
Listed By:
Bill Smith · License #TX 291078
(281) 723-3336
Source:
Crexi
Added: Aug 18, 2023
Changed: Oct 13
Last Checked: Oct 20 at 5:27PM
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 eXp Realty
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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 property is located in the heart of one of the fastest growing areas in the Greater Houston Metropolitan Area. It features prime freeway frontage with approximately 220 feet on I-45 North, situated in the auto industry north corridor, surrounded by Tesla, Texas Direct Auto, DeMontrond Auto Group, Lamborghini, Rolls Royce and Porsche. The property includes three buildings: The north building is 4,610 square feet and is leased. The middle building is 2,660 square feet and is leased. The south building is 2,186 square feet and is available to lease at $3,500 per month. The property has self-containing drainage, secured fencing, two curb cuts (36 feet and 18 feet), and a lighted 30-foot marquee sign. With 280,000 cars passing by, the lighted signage offers excellent visibility. The 2.7-acre property is suitable for corporate offices, investment property, or repurposing for other uses.
Key Highlights
- PRIME Freeway Frontage on I‑45 North with approximately 220' of frontage and high visibility.
- Located in a rapidly growing area within the Greater Houston Metropolitan Area.
- Situated in the heart of the auto industry north corridor, surrounded by major dealerships.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,295
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,900
$2.2M
Cap Rate 7%
$1,575,643
$1.6M
Cap Rate 9%
$1,225,500
$1.2M
Market Conditions
NOI Build-Up for 9,456 SF
Gross rent
$204.2K $21.60/SF
− Vacancy
−$57.2K −$6.05/SF
EGI
$147.1K $15.55/SF
− OpEx
−$36.8K −$3.89/SF
NOI
$110.3K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,900
Cap Rate 7%
$1,575,643
Cap Rate 9%
$1,225,500
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,295 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,208 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Freeway frontage property in a rapidly growing area.
Where is this office building located?
The property is located at 14504 North Fwy Houston, TX.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: PRIME Freeway Frontage on I‑45 North with approximately 220' of frontage and high visibility.; Located in a rapidly growing area within the Greater Houston Metropolitan Area.; Situated in the heart of the auto industry north corridor, surrounded by major dealerships.
