Adaptable Retail Asset in Houston MSA | 16131 N Eldridge Pky
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Adaptable Retail Asset in Houston MSA 16131 N Eldridge Pky
19,200 SF 13% Leased Retail Building Online Auction Sale Tomball, TX 77377
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Investment Highlights
- 16131 N Eldridge Parkway presents the strategic opportunity to acquire a two-story retail building in Tomball, a thriving suburb of Houston, Texas.
- Take advantage of the ultimate value-add proposition, providing endless upside potential to both investors and owners/users.
- Tomball is an attractive location for new investment, bolstered by a wealth of resources and incentives to support businesses.
- Situated just minutes to Highways 249 and 99, the location offers convenient access throughout the greater metropolitan area.
- Currently, one tenant occupies a portion of the building on a short-term lease, affording immediate growth opportunities through leasing or occupancy.
- Backed by strong market fundamentals and growing demand for commercial space in Houston’s surrounding suburbs, this location is destined for success.
Executive Summary
Discover a premier value-add opportunity with the acquisition of 16131 N Eldridge Parkway in Tomball, Texas. This well-maintained retail asset spans 19,200 square feet across two floors. Currently structured as a multi-tenant building, there are several demising options for adaptable space sizes and layouts. Single-tenant occupancy is also a possibility for end-users or investors looking to fill the entire space with one business. 16131 N Eldridge Parkway has a shared common area, a building lobby, and an elevator that services the second floor. With 48 on-site parking spaces and convenient access to major highways, this is the ultimate location for businesses across a variety of industries.
16131 N Eldridge Parkway presents a rare opportunity for an owner/user desiring a flexible space to grow their business or an investor looking to expand their real estate portfolio in the Houston market. With the potential for both single- or multi-tenant use, new owners will have diverse revenue options to help stabilize and secure their long-term investment.
Tomball is a flourishing suburban locale situated approximately 30 miles northwest of Houston. Coveted by residents and businesses for its tight-knit community and business-friendly atmosphere, Tomball is the place to be. The 2-mile radius surrounding 16131 N Eldridge Parkway highlights an affluent demographic. There are nearly 44,000 residents earning an average household income of over $140,000. Consumers spend an astounding $635 million annually, with $330 million spent specifically on retail-related goods and services. The commercial submarkets in and around the Tomball area depict strong retail fundamentals. Vacancy rates remain low, and market rents continue to rise. Don’t miss this rare opportunity to invest in a successful location with a well-maintained and highly adaptable retail asset.
Property tours are available by appointment only. Please contact the listing broker to schedule.
16131 N Eldridge Parkway presents a rare opportunity for an owner/user desiring a flexible space to grow their business or an investor looking to expand their real estate portfolio in the Houston market. With the potential for both single- or multi-tenant use, new owners will have diverse revenue options to help stabilize and secure their long-term investment.
Tomball is a flourishing suburban locale situated approximately 30 miles northwest of Houston. Coveted by residents and businesses for its tight-knit community and business-friendly atmosphere, Tomball is the place to be. The 2-mile radius surrounding 16131 N Eldridge Parkway highlights an affluent demographic. There are nearly 44,000 residents earning an average household income of over $140,000. Consumers spend an astounding $635 million annually, with $330 million spent specifically on retail-related goods and services. The commercial submarkets in and around the Tomball area depict strong retail fundamentals. Vacancy rates remain low, and market rents continue to rise. Don’t miss this rare opportunity to invest in a successful location with a well-maintained and highly adaptable retail asset.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Houston - TX USA
Market Cap Rate
Houston - TX USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Building Size
19,200 SF
Building Class
B
Year Built
2005
Percent Leased
13%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Land Acres
0.84 AC
Zoning
None
Parking
48 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
205 FT on Sweetwater Fields Lane
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200-9,600 SF | Retail | - | Now |
| 2nd Floor | 2,425-9,600 SF | Retail | - | 90 Days |
1st Floor
| Size |
| 1,200-9,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 2,425-9,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 90 Days |
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1st Floor
| Size | 1,200-9,600 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
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2nd Floor
| Size | 2,425-9,600 SF |
| Space Use | Retail |
| Position | - |
| Available | 90 Days |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
10,792
93,348
227,187
2020 Population
11,649
97,197
234,541
2029 Population
10,859
94,610
230,639
2024-2029 Projected Population Growth
0.6%
1.4%
1.5%
Daytime Employees
2,505
23,387
65,816
Total Businesses
476
3,098
8,957
Average Household Income
$144,536
$129,848
$120,941
Median Household Income
$126,993
$110,768
$96,579
Total Consumer Spending
$160.8M
$1.3B
$3B
Median Age
42.7
37.6
37.8
2024 Households
3,768
32,010
79,537
Percent College Degree or Above
31%
30%
29%
Average Home Value
$325,058
$326,854
$325,931
PROPERTY TAXES
| Parcel Number | 1159970060052 | Improvements Assessment | $1,353,142 (2023) |
| Land Assessment | $439,968 (2023) | Total Assessment | $1,793,110 (2023) |
PROPERTY TAXES
Parcel Number
1159970060052
Land Assessment
$439,968 (2023)
Improvements Assessment
$1,353,142 (2023)
Total Assessment
$1,793,110 (2023)
Sale Advisors
Sale Advisors
Peyton Easley, SIOR ,CCIM, President
(713) 379-8161
Contact
Peyton is the Founder and President at Titan Commercial. He started Titan in 2022 and specializes in Industrial, Land, and Development transactions. He represents tenants, landlords, buyers, and sellers, and has had great success with design-builds for large-scale Industrial developments.
Peyton started in the commercial real estate business in 2015 at ICO Commercial. During his time at ICO, he consistently won top sales awards and completed some of the largest transactions in the firm’s history. He is often asked to speak and write about the industrial market in Houston. He takes pride in adding value to all of his clients by providing excellent service while putting their goals first. Peyton earned his CCIM (Certified Commercial Investment Member) Designation in 2021.
Peyton and his wife Grace reside in Spring Branch with their three dogs. Peyton is an avid Baylor University and Houston sports fan. In his free time, he also enjoys playing basketball and golf.
Peyton started in the commercial real estate business in 2015 at ICO Commercial. During his time at ICO, he consistently won top sales awards and completed some of the largest transactions in the firm’s history. He is often asked to speak and write about the industrial market in Houston. He takes pride in adding value to all of his clients by providing excellent service while putting their goals first. Peyton earned his CCIM (Certified Commercial Investment Member) Designation in 2021.
Peyton and his wife Grace reside in Spring Branch with their three dogs. Peyton is an avid Baylor University and Houston sports fan. In his free time, he also enjoys playing basketball and golf.
Brock Hartson, Associate
(713) 379-8164
Contact
Brock joined the Titan team in 2024. Prior to obtaining his real estate license and joining Titan, Brock worked within the construction industry and played six years of minor league baseball with the Cleveland Indians. He brings determination, a competitive spirit, existing industry relationships, and a heavy knowledge of the Greater Houston Market to Titan and the clients he serves.
Colton Janho, Associate
(713) 379-8166
Contact
Colton joined the team in 2024. He began his career in commercial real estate back in 2022, stepping into the role of Brokerage Assistant / Marketing Director and was quickly promoted to Associate at a large retail development firm.
Born and raised in Houston, Texas, with a stint in Central Texas, Colton has gained a unique understanding of the Texas real estate market. His diverse background, local expertise, charisma, and fortitude make him a valuable asset to Titan Commercial. In his free time, he enjoys hunting, fishing, and playing pickleball.
Born and raised in Houston, Texas, with a stint in Central Texas, Colton has gained a unique understanding of the Texas real estate market. His diverse background, local expertise, charisma, and fortitude make him a valuable asset to Titan Commercial. In his free time, he enjoys hunting, fishing, and playing pickleball.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
-
Peyton Easley, SIOR ,CCIM -
Brock Hartson -
Colton Janho -
Titan Commercial
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Adaptable Retail Asset in Houston MSA | 16131 N Eldridge Pky
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