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3624 FM 2920 Rd
Spring, TX 77388
Urbanika Plaza 2920 · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Positioned on FM 2920 with strong visibility and access.
  • Minutes from Grand Parkway, I-45, and ExxonMobil campus.
  • Offered at a 6.39% cap rate with stable income.
  • Surrounded by dense residential and retail development.

EXECUTIVE SUMMARY

Positioned along the high-visibility corridor of FM 2920, this 10,725-square-foot retail center presents a compelling investment opportunity in the thriving Spring submarket of North Houston. Offered at $3.95 million with a 6.39% cap rate, the property delivers stable income and long-term upside in a rapidly growing trade area.
Spring, TX continues to benefit from strong population growth, proximity to The Woodlands and Houston, and expanding residential and commercial development. The site enjoys excellent frontage and access, with FM 2920 serving as a major east-west arterial connecting Interstate 45 and Highway 249. This corridor is lined with national retailers, service providers, and dining establishments, creating a dynamic retail environment with consistent consumer traffic.
The property’s location places it within minutes of ExxonMobil’s corporate campus, the Grand Parkway (SH 99), and Bush Intercontinental Airport, enhancing its appeal to both tenants and investors. The surrounding area features a mix of established neighborhoods and new residential communities, supporting a strong daytime and evening population.
With its strategic positioning, income-producing tenancy, and favorable pricing, this retail center is well-suited for investors seeking a stabilized asset in a high-growth corridor. The offering provides immediate cash flow with potential for rent growth and value appreciation.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,725 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$3,950,000
Price Per SF
$368.30
Cap Rate
6.39%
NOI
$252,561
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.00 AC
Zoning
None
Parking
46 Spaces (4.27 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1287340010006
Land Assessment
$526,215
Improvements Assessment
$2,353,567
Total Assessment
$2,879,782
  • Listing ID: 38406562

  • Date on Market: 11/11/2025

  • Last Updated:

  • Address: 3624 FM 2920 Rd, Spring, TX 77388

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