Prime Freeway Frontage Investment
14504 North Fwy Houston, TX 77090
14504 North Fwy, Houston, TX, 77090
Contact for pricing
For Sale
Contact for pricing
Pending
Freeway frontage property in a rapidly growing area.
Property Size9,456 SF
Lot Size2.70 Acres
Days on Market1069
Property Features for 14504 North Fwy
General Information
- Standard status
- Pending
- Size
- 9,456 SF
- Lot size
- 2.70 Acres
- Property subtype
- Office
Listing agency
eXp Realty
(281) 723-3336
Listed by
Bill Smith · License #TX 291078
Source
Crexi
Added: Aug 18, 2023 Updated: Jul 10 at 3:44PM Checked: Jul 21 at 1:20PM
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
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.
Local Financial Insights For Office B
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 | $204.2k | $21.60 |
| − Vacancy | −$57.2k | −$6.05 |
| EGI | $147.1k | $15.55 |
| − OpEx | −$36.8k | −$3.89 |
| NOI | $110.3k | $11.66 |
9,456 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Michael I. ...
Physician
Valliance
Event Planning
Dr. Richard T. ...
Physician
TELEMEDX
Medical Supply Store
Karma and Love Psychic
Spiritual Center
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FAQs
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.
