Multi-Tenant Flex Industrial
9934 Jones Rd Houston, TX 77065
9934 Jones Rd, Houston, TX, 77065
$22,500,000
For Sale
$22,500,000
Multi-tenant flex buildings totaling 120,195 SF, 96% occupied, with triple-net leases and canopied space.
Property Size120,195 SF
Lot Size8.05 Acres
Price / SF$187.20
Days on Market106
Property Features for 9934 Jones Rd
General Information
- Standard status
- Active
- Size
- 120,195 SF
- Lot size
- 8.05 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2017
Listing agency
Marcus & Millichap - Dallas
(972) 755-5225
Listed by
Philip Levy · License #License(s): TX: 0522087
(972) 755-5225
Source
Marcusmillichap
Added: Apr 8 Updated: Jul 21 at 3:29PM Checked: Jul 21 at 3:29PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The property consists of 15 multi-tenant flex buildings totaling 120,195 square feet of leasable area, including 10,500 square feet of canopied space. The center is 96 percent occupied, and all leases are on triple-net terms. The buildings were constructed between 2017 and 2021 and feature metal roofs, situated on 8.05 acres with concrete parking.
Located in the northwestern quadrant of Houston, the center is positioned on Jones Road near Linh Dao City Centre and Linh Dao Plaza, where traffic counts exceed 48,286 vehicles per day. It sits within a dense retail trade area and is near a range of national and regional retailers, including H-E-B, Kroger, ALDI, Walmart Supercenter, Target, The Home Depot, and others. Nearby employers include Toshiba International Corporation, supporting an estimated daytime employment population of approximately 153,220 people within a five-mile radius.
With a service-oriented, internet-resistant tenant mix and a mix of standard and canopied flex space, the center offers a consolidated setting for businesses serving the surrounding area.
Located in the northwestern quadrant of Houston, the center is positioned on Jones Road near Linh Dao City Centre and Linh Dao Plaza, where traffic counts exceed 48,286 vehicles per day. It sits within a dense retail trade area and is near a range of national and regional retailers, including H-E-B, Kroger, ALDI, Walmart Supercenter, Target, The Home Depot, and others. Nearby employers include Toshiba International Corporation, supporting an estimated daytime employment population of approximately 153,220 people within a five-mile radius.
With a service-oriented, internet-resistant tenant mix and a mix of standard and canopied flex space, the center offers a consolidated setting for businesses serving the surrounding area.
Key Highlights
- 15 multi‑tenant flex buildings totaling 120,195 SF of leasable area
- 96% occupied with all leases on triple‑net (NNN) terms
- Buildings built between 2017 and 2021 (Year built listed as 2017) with metal roofs
Local Financial Insights For Retail
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 | $2.47M | $20.52 |
| − Vacancy | −$138.1k | −$1.15 |
| EGI | $2.33M | $19.37 |
| − OpEx | −$698.5k | −$5.81 |
| NOI | $1.63M | $13.56 |
120,195 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$23.28M
$20.37M – $27.16M
NOI $1,629,798 @ 7.0% cap · market cap 7.24%
Second Best
Flex RnD
$17.88M
$15.64M – $20.86M
NOI $1,251,591 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$30.91M
$27.04M – $36.06M
NOI $2,163,510 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MCJ Euro Automotive ...
Auto Repair Shop
JLE CUSTOMS
Auto Repair Shop
JJ Brothers Auto ...
Car Dealership
Ecchi Tattoos
Tattoo & Piercing Shop
Bling Lash Beauty
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Backyard Catering — 9453 Jones Rd, Houston, TX 77065
- Firehouse Subs Windermere — 12149 Farm to Market 1960 Rd W Ste A, Houston, TX 77065
- Luby's Culinary Services — 11297 Fallbrook Dr, Houston, TX 77065
FAQs
What type of property is this?
Flex space - Multi-tenant flex buildings totaling 120,195 SF, 96% occupied, with triple-net leases and canopied space.
Where is this flex space located?
The property is located at 9934 Jones Rd Houston, TX.
What is the asking price?
The asking price for this property is $22,500,000.
What are key features of this property?
This property features: 15 multi‑tenant flex buildings totaling 120,195 SF of leasable area; 96% occupied with all leases on triple‑net (NNN) terms; Buildings built between 2017 and 2021 (Year built listed as 2017) with metal roofs
