351-403 Greens Rd Houston, TX 77060
Northwood Village Center offers a compelling investment opportunity in a thriving retail environment. This single-story, Class B neighborhood retail center, built in 1982 and renovated in 1987, boasts a total of 70,392 square feet, with 21,647 square feet currently available for lease. The property sits on 6.83 acres of land and features a building floor area ratio (FAR) of 0.24. Five individual spaces are immediately available, ranging in size from 1,262 to 8,835 square feet, providing flexibility for various retail concepts. Ample parking is provided with 425 spaces. The center benefits from a strong tenant mix of both national and local businesses, ensuring a diverse and stable customer base. Its strategic location enjoys high visibility and accessibility, with over 200,000 people within a three-mile radius and 32,660 vehicles passing daily on Greens Road. This presents a unique chance to establish or expand a retail presence in a high-traffic, densely populated area. The property's established infrastructure and existing tenant base offer immediate potential for revenue generation. The available spaces are ready for immediate occupancy, making this an attractive option for businesses seeking a quick and efficient entry into the market.
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Northwood Village Shopping Center & Mall
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.