(Houston, TX) – Baytown Hotel 30 Rooms For Sale Cheap $675K – Plans, Permits + Land!

site plan baytown 1 acre
30-70 room exterior corridor, proposed on 1-2 acre development.
Address: 7851 N 146, Baytown, TX 77521 (Houston Suburb / 20 Min from Downtown)
  • List Price: $675,000 (1 Acre with 30 Room Permits/Plans)
    • Total Projected Turnkey cost of $2.5M – Includes FFE, Land, + Construction
      • Total Building Construction is 17,279 sqft
  • 1 Acre has been sold next door 08/28/2018 — **** SOLD  ****
  • Includes:
    • 1 Acre of Unrestricted Commercial Land
    • APPROVED Plans from the City of Baytown & County
      • Note: The county will NOT give any more permits for hotels, this is the last permit available in the entire county.
    • Permits
    • Architecture including;
      • Mechanical
      • Plumbing
      • Electrical
      • Interior / Exterior
      • Plans are designed with a manager’s quarters thus hedging labor costs via management on site.
    • Independent Hotel (non-flag)

Financial Forecast:

  • Option #1 – Forecast – 30 Room
    • Proforma Revenue @ $75 Average Daily rate = $810,000
    • Stabilized revenue @ 65% occupany @ $75 ADR = $525,000

Financial Note:

30 Year Old Hotel is currently being sold for $70,000 per room in Baytown, just 1 Mile vicinity

Super Location in front of Super Walmart & Freeway

  • I-10 Viewability (100,000+ Cars Per Day)
  • TX 146 Frontage and viewability
  • Located in front of 24 Hour Super Walmart (4500+ average customers per day)
  • Located in front of 500+ Sub Division

aerial baytown

$1.2B+ in Baytown Corporate Expansion in 2018

Nearly 500+ Million is being spent on Plant Expansions.  Exxon and Chevron have started their plant expansions in Baytown in 2018.  Multiple plants are expanding to keep up with the world wide demand for plastics.

baytown

Facts about Hotel Industry in Baytown

  • Demand is high to reach a consistent occupancy of 65%
  • ADR (Average Daily Rate) of $75
  • Solid location off of 1-10 and 146, with new rooftops by Lynnwood homes, and new retail construction.
    • 60,000+ cars per day
  • Land price via comparable is coming in at 15.00 a sq/ft

Management Available For Maximum Return on Investment

  • Establishing new relationships at 2% of GRR
    • Normal percentage is 4-5%, however we are looking to expand our growth market and offering 2% to earn your business.
  • 25+ years of experience of hotel management
    • 500+ Hotels including the following flags;
      • Intercontinental Hotels
      • La Quinta
      • Choice Hotels
      • Wyndham Hotels
      • Marriott
      • Hilton
      • Various Independent
  • Revenue Management
  • Sales/Marketing Audit
  • Asset Assessment
  • Hotel Strategic Planning
  • Award winning team

1 Acre of Houston Land Next to Starbucks, BBVA, future HEB 60k Cars Per Day! Reduced to $1.2m

1 Acre Lot in Front of HEB for Sale for $2M !! 60K+ Cars Per Day!

HEB has released the preliminary plans for construction that surrounds this 1 acre lot.  When this happens, national tenants will be looking for retail space nearby.  It is a great opportunity for an investor to either build & fill, then sell or build a owner occupied business at location.  With 60,000+ cars per day and fwy view ability this location is a KING PREMIER LOT, nothing any better at this price point.

springweet

earth top with parcelsMaker:S,Date:2017-9-15,Ver:6,Lens:Kan03,Act:Lar02,E-Ysurvey viewgoogle bus info

1 Mi
Population
5,273
65,898
Households
1,822
23,042
Average Age
35.30
35.80
Median HH Income
$82,529
$81,884
Daytime Employees
6,122
23,337
Population Growth ’17-’22
10.3%
10.4%
Household Growth ’17-’22
10.7%
10.6%
Collection Street Cross Street Traffic Vol Year Distance
Spring Cypress Rd
Nannette Ln SW
39,000
2016
0.13 mi
Spring Cypress Rd
Bell NE
58,483
2016
0.15 mi
Spring Cypress Rd
Bell SW
54,095
2010
0.19 mi

3 acres of Land for 1.4M for C-Store / Gas Station + Strip Center

2018-03-13

Land Size: 2.96 acres
Asking Price: $1.4M

Potential Layout can fit a Gas Station – C-Store PLUS 2 Strip Centers.  The location sits in front of a major subdivision and has no nearby / walkable shopping center or c-store nearby.  Commercial land / non-restricted.

Call 832-305-7653 for more information

HOUSTON GAS STATION / C-STORE WITH SHOPPING CENTER ONLY $2.5M

HUM GAS 3hum gas 2

NEED ADDRESS: CALL / TEXT 832-305-7653

Sale Notes

  •  Great C-Store and Office Opportunity for the right buyer – Approximately 13,000 SF of office/retail space and 3,000 SF of C-Store with 4 MPDs with EMV system, built 2009 – 5,565 SF of retail is recently leased at $1.37 PSF for first five years then increasing to $2.25 PSF;
  • Medical office tenant – 14%+ PROFORMA – Cap rate for buyer who fills the retail space with tenants at current market rental rates –
  • C-Store Sales – $50K/month Inside and 25K gallons/month fuel sales, –
  • Jobber contract expires in 2020 –
  • Deli could be re-opened –
  • Store has gaming machines but sales not available –
  • Lease on 5,565 SF of office space is at $93,111/year (gross lease) for first 5 years with tenant option to renew at $150,255/year ($2.25 PSF Gross Lease) –
  • If new owner can lease out space at current market rate of $20 PSF + NNN, should get about $300,000 in net rent/year after tenant renewal –
  • Excellent corner location with about 91,360 vehicles per day and about 13,100 vehicles per day on Main St. –
  • Current 2017 Harris County appraised value of $1,376,296.00, real estate only; does not include business valuation – Non-Disclosure Agreement required to get full details. Do not talk with the store employees about store being for sale

High Cap Rate Shopping Centers in/near Houston from $500K

2 National Tenants with Rent Bumps in 2020 to jump cap rate to nearly 10% only $599K now at 8.5% Cap Rate

599k cap shopping

8% Cap Rate with over 15 Tenants – Recently Built and only 1 vacancy at 100% Occupied we are at over 9% Cap Rate

5m shopping center

Perfect location for Gas Station / C-Store / Bank or Owner Occupied Property – Do you see the Gas Station Location it has 70,000 cars per day + the Shopping Center cash flows with over 8.25% Cap Rate – Thus you can operate rent free.

Gas Station Shopping Center

Extreme Deal of The Year – 14% Cap Rate Shopping Center – $351,000 NOI

14caprate.jpg

Sale Notes

• 100%-occupied commercial center • Very attractive 14% cap rate, $351,000 Net Operating Income Annually • Tenants Include: Anytime Fitness, Met Petroleum & Cooper Tire (CTB). + many others • Site is shared with Ashley Furniture • The property should be relatively easy to own and operate • Additional 13.745 acres of land for sale for $500,000 and is not included in this sale

For Sale

Price $2,595,000
Price/SF $77.10
Cap Rate 13.53%
NOI $351,103
Sale Type Investment
Status Active
On Market 3 Days
Last Updated Dec 22, 2017

 Need Address Click Here:  https://app.hellosign.com/s/fbefe2f1

44 Christmas Deals under $500K – Buildings, Offices, Shopping Centers in Houston

Santa came early here at USPrimeLending… Ho Ho Ho… here are 44 buildings for sale from $99,000 — Now these are mostly Fix-N-Flip commercial properties, but they are a good way to get into commercial investing.  Happy Holidays, all though I work everyday, 12 hours a day – 7 days a week – no holidays !  Call me anytime for any assistance.

Buildings Under 500k in Houston Dec 2018

dd.PNG

NEW Houston Shopping Center reduced bid start $1M – 8.6% Cap Rate

1.15m cap 9

Houston Shopping Center For Sale

Recently built in 2013 and renovated in 2017 with new upgrades – Multiple tenants and 100% Occupied.  Bidding starts at $1M firm (not one penny less).

Need Address: Sign or request to esign – commission protection agreement

Center Type: Strip Center
Center Name:
Center Status: Built 2013 Total Avail: Retail GLA: 6,250 SF
No. of Stores: Available: Anchor GLA:
Levels: 1 % Leased: 100.00% Center Vacant: 0 SF
Shape: Rectang 5 Star No. of Properties: 1
Land Area: 28,837 SF/0.66 AC
For Sale Info: Buy it NOW for $1.1M
Parking:  35 Surface Spaces

 

3 Houston Shopping Centers w/ 8.8% Cap Rate For Sale $5M Firm

Detail.aspx

Want cash flow, consider these consolidated multiple shopping centers with long term tenants in place.  Not only do you receive the 8.8% Cap Rate, you also receive the 8 acres of land for a tremendous growth potential to exceed over 15%.

Need address please sign commission protection agreement or contact me at 832-305-7653 .

8AC | 41K SF RBA | CORNER LOT | DEV. OPPORTUNITY Development Opportunity with a mix of existing retail and storage. This center has excellent visibility, high traffic counts and easy access to I-45. Tenancy: Multi-Tenant. Tremendous upside potential. Utilities: Power,Water,Phone, Trash 13 Miles to IAH and Miles to Hobby.

For Sale

Price: $5,000,000 (firm)
Cap Rate 8.80%
Sale Type Investment
Status Active
Last Updated Dec 5, 2017
Update

Building

Type 3 Star Retail (Neighborhood Center)
GLA 41,150 SF
Stories 1
Typical Floor 41,150 SF
Year Built 2010
Tenancy Multi
Owner Occup No
Parking 550 Surface Spaces are available; Ratio of 13.37/1,000 SF
Frontage
Taxes$1.92/SF (2016)
Walk Score®Somewhat Walkable (60)
Transit Score®Some Transit (37)

Land

Land Acres8.00 AC
Bldg FAR0.12
Land SF348,480 SF
2016 Assessment
Improvements
Land
Total Value
 $2,588,362
 $1,093,022
$3,681,384
 $62.90/SF
 $3.14/SF
$10.56/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 2-4 Star
4.7%
0.7%
Market Overall
5.3%
0.6%

NNN Asking Rents Per SF

Submarket 2-4 Star
$14.47
7.4%
Market Overall
$16.56
4.5%

Submarket Leasing Activity

12 Mo. Leased SF
129,144
38.7%
Months on Market
12.7
5.4 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$4.9
$18.2
12 Mo. Price Per SF
$325
$207

 

Shopping Center + 2 Apartment Complex in Houston for $2M near Med Center

Description:  Portfolio of 3 Properties sold as a bundle.  #1 Apartment Complex with 6 units, #2 Shopping Center with 3 Retail Units, #3 Apartment Complex with 8 Units.  100% occupied and generating over $10,000 a month all together.  They are all right next to each other inside the innerloop area of Houston.  Close to the medical center.  Cap Rate is at 6% at $2M.   Need address: Sign commission protection agreement

#1 Apartment Complex is next to a new Family Dollar also for sale for $1.8M  at a 6% Cap Rate – NOT ASSOCIATED WITH THIS PORTFOLIO.

image

Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 3-5 Star
5.0%
0.1%
Market Overall
5.4%
0.6%

NNN Asking Rents Per SF

Submarket 3-5 Star
$16.97
10.4%
Market Overall
$16.50
3.8%

Submarket Leasing Activity

12 Mo. Leased SF
152,879
21.8%
Months on Market
9.7
9.4 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$2.8
$5.7
12 Mo. Price Per SF
$169
$121
1 Mi 3 Mi
Population
18,334
142,213
Households
6,085
51,493
Average Age
35.30
34.70
Median HH Income
$29,970
$35,814
Daytime Employees
3,278
75,814
Population Growth ’17-’22
9.1%
8.7%
Household Growth ’17-’22
8.9%
8.9%
Collection Street Cross Street Traffic Vol Year Distance
1,530
2016
0.09 mi
 Blvd
5,370
2016
0.10 mi
Blvd
6,100
2016
0.20 mi
 Blvd
14,793
2016
0.23 mi
 Blvd
10,830
2016
0.24 mi
Property ID: 9923867

9% Cap Rate at $599K SHOPPING CENTER in Greater Houston

 

Great opportunity in Greater Houston, 4555 sq. ft. building backs to beautiful reserve area. Fully leased, but no long terms so easily convertible to new leases and businesses. These are the original owners, built the building in 1991.  NOT FLOODED.

NEED ADDRESS ?? SIGN commission protection agreement

For Sale

Price $599k
Price/SF$142.70
Cap Rate 9%
NOI $53,755
Sale Type Investment
Status Active

Building

Type 3 Star Retail Storefront
GLA 4,555 SF
Stories 1
Typical Floor 4,555 SF
Tenancy Multi
Taxes$2.99/SF (2016)
Walk Score®Somewhat Walkable (56)
Transit Score®Minimal Transit (0)

Land

Land Acres 0.41 AC
Bldg FAR 0.26
Land SF 17,844 SF
2016 Assessment
Improvements
Land
Total Value
 $363,790
 $113,880
$477,670
 $79.87/SF
 $6.38/SF
$26.77/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
17.0%
Submarket 2-4 Star
3.6%
0.7%
Market Overall
5.4%
0.6%

NNN Asking Rents Per SF

Submarket 2-4 Star
$11.59
4.8%
Market Overall
$16.55
4.1%

Submarket Leasing Activity

12 Mo. Leased SF
103,203
24.5%
Months on Market
12.0
4.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$3.7
$5.2
12 Mo. Price Per SF
$489
$242

SHOPPING CENTER NEEDS SOME LOVE BUT AT 100% OCCUPANCY HAS 11% CAP RATE – 65% FULL CURRENTLY HAS 7% CAP

IMAGE 14

Shopping Center 7% Cap at Current Occupancy and 11%+ Cap at 100% Occupancy. • Building Size: 13,035 rsf | Land Area: 1.21 ac • Year Built: 1984 • Current Occupancy: 65% • Maximum contiguous area 3,500 sf; smallest 1,000 sf • 55 Parking Spaces: Parking ratio 4/1,000 • $1,450,000 ($111.24 psf) • Proforma NOI: $148,563 | Proforma Cap Rate: 10.6%

For Sale

Price $1,450,000
Year Built 1984
Price/SF $111.24
Cap Rate 11% AT 100% OCC.  CURRENTLY 7% CAP RATE AT 65% OCCUPANCY
NOI $153,700
Sale Type Investment
Status Active
On Market 1 Day
Last Updated Jul 21, 2017
Update
NEED ADDRESS???? – SIGN commission protection agreement

Building

Type 2 Star Office
RBA 13,035 SF
Stories 1
Typical Floor 13,035 SF
Class C
Construction Steel
Building Ht15′
Year Built 1984
TenancyMulti
Owner Occup –
Elevators None
Parking 55 free Surface Spaces are available; Ratio of 4.00/1,000 SF
Taxes $1.09/SF (2016)
Walk Score®Somewhat Walkable (60)
Transit Score®Minimal Transit (0)

Land

Land Acres 1.20 AC
Bldg FAR 0.25
Land SF5 2,272 SF
Zoning None
Current
YOY Change

Vacancy Rates

Current Building
34.5%
34.5%
Submarket 1-3 Star
10.9%
1.2%
Market Overall
15.9%
1.4%

Gross Asking Rents Per SF

Submarket 1-3 Star
$20.89
2.5%
Market Overall
$27.53
0.5%

Submarket Leasing Activity

12 Mo. Leased SF
329,539
27.4%
Months on Market
13.2
9.0 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$22.7
$11.5
12 Mo. Price Per SF
$217
$117
Smallest Space800 SF
Max Contiguous3,500 SF
# of Spaces2
Retail Avail4,500 SF
Vacant4,500 SF
% Leased65.5%
Asking Rent$12.00/SF Triple Net

9% CAP RATE ON HOUSTON SHOPPING CENTER FOR SALE AT $799K

This Houston Shopping Center is a 13,544 square foot retail center situated on a 29,751 square foot parcel at the intersection of 2 Main Streets in Houston, Texas, and has a 9% Cap at $75,000 Net Operating Income.

The center is 100% occupied by four local area tenants signed to triple net (NNN) leases, reimbursing the owner for operating expenses. Rents are all under market, allowing for future upside.

The property is highlighted by its strong retail fundamentals, such the center’s small, easy to lease spaces, shallow bay depth, reinforced concrete construction, two egress/ingress points, and excellent visibility

NEED MORE INFORMATION: SIGN commission protection agreement

image 12

Building

Net Operating Income: $75,000 Annually
Type 2 Star Retail (Strip Center)
GLA 17,700 SF
Stories 1
Typical Floor 17,700 SF
Docks 2 ext
Construction Reinforced Concrete
Year Built 1983
Tenancy Multi
Owner Occup No
Elevators 0
Parking 18 free Surface Spaces are available; Ratio of 1.03/1,000 SF
Frontage
Taxes$1.12/SF (2016)
Opex$1.15/SF (2011)
Walk Score®Very Walkable (74)
Transit Score®Some Transit (34)

Land

Land Acres 0.68 AC
Bldg FAR 0.59
Land SF 29,751 SF
Dimensions 165′ x 180′
Zoning None
1 Mi 3 Mi
Population
21,928
144,617
Households
7,044
43,340
Average Age
32.90
32.70
Median HH Income
$35,650
$39,552
Daytime Employees
6,212
44,620
Population Growth ’17-’22
8.6%
8.5%
Household Growth ’17-’22
8.5%
8.5%

BUSDemographics

$399K Shopping Center Cheap on Main Street !! (Houston, TX)

399k center homes

Want a great shopping center for only $399k, on a busy Main Street of Houston Texas?  This may your diamond in the rough.  This shopping center consist of a Nail Salon, Grocery Store, and a a C-Store.  Property is located in one of the fastest booming areas of Houston. Great Location, great neighborhood. Building has three units, grocery store. The building has a living area in the back, just in case you need a little home away from home or maybe just rent it out, 2 bedrooms, 1 living room, and 1 full bath. Easy access to major freeways I69, I10, I45, I610. Strong visibility.

FOR ADDRESS: SIGN commission protection agreement

Price/SF $32.11
Cap Rate 8.00% at 85% Occupancy 
Vacancy: 3000 sqft (once filled cap rate will rise to 10.5%)
NOI $29,400
Sale Type Investment
Status Active

Building

Type 2 Star Retail Convenience Store
GLA 13,080 SF
Year Built: 1945
Stories 1
Typical Floor 13,080 SF
Construction Masonry
Year Built 1945
Tenancy Single
Taxes$0.74/SF (2016)
Opex$4.17/SF (2012)
Walk Score®Somewhat Walkable (54)
Transit Score®Some Transit (45)

Land

Land Acres0.67 AC
Bldg FAR0.45
Land SF29,251 SF
Parcel0731100160468
2016 Assessment
Improvements
Land
Total Value
 $324,077
 $58,500
$382,577
 $24.78/SF
 $2.00/SF
$13.08/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 1-3 Star
6.0%
1.1%
Market Overall
5.3%
0.4%

NNN Asking Rents Per SF

Submarket 1-3 Star
$19.48
15.4%
Market Overall
$16.66
4.8%

Submarket Leasing Activity

12 Mo. Leased SF
105,461
88.4%
Months on Market
0.1
13.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$0
$1.0

Demographics

1 Mi 3 Mi
Population
8,993
79,717
Households
3,140
25,800
Average Age
38.20
36.10
Median HH Income
$28,333
$30,602
Daytime Employees
1,131
21,165
Population Growth ’17-’22
8.4%
8.2%
Household Growth ’17-’22
8.4%
8.0%

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Homestead Rd
Westcott Rd W
13,610
2015
0.24 mi
Homestead Rd
Larkstone St SW
12,530
2015
0.25 mi
Laura Koppe Rd
Spaulding St W
4,020
2015
0.32 mi
Weaver Rd
Shreveport Blvd NW
9,240
2015
0.33 mi
Ley Rd
Homestead Rd W
8,180
2015
0.34 m

12% Cap Rate w/ Car Wash & Washateria Business + Building

car wash.PNG

Description of Property:

Sale Price is including the Washateria and the Car Wash behind it. Washateria has an existing tenant for 2 years out of 20 years (Lease term is 20 years). *** Landlord is running the car wash business and wanting to sell it.  Does include real estate.

 

For Sale

Price $1,150,000
Price/SF $195.91
Cap Rate 12.00%
NOI $138,000
Sale Type Investment
Status Active
On Market 9 Days
Last Updated Jun 14, 2017
Address: Sign commission protection agreement and fax to 800-508-2939 or email to Allen@HoustonPremierAgents.com 

Building

Type 3 Star Retail Freestanding
Building Sqft: 5,870 SF
Stories 1
Typical Floor 5,870 SF
Building Ht16′
Docks None
Construction Masonry
Year Built 1983
Tenancy Single
Owner Occup No
Parking 25 free Surface Spaces are available; Ratio of 4.26/1,000 SF

Shopping Center WITH C-Store at 75% Occupancy has near 10% Cap Rate! 13% at 100% (Houston, TX)

 

600k center

Houston #ShoppingCenter WITH a C-Store for sale has a very high actual cap rate at near 10% with 75% occupancy, once we get the last space filled we will have a 13%+ cap rate.  Asking price: $599k with a NOI (Net Operating Income) of $60,000 annually.   Long term tenants in place.  C-Store is long term tenant been there many years.  Property is on soft corner in front of 400 Unit Apartment Complex.

Building

Type 3 Star Retail Freestanding
GLA – Total Sqft: 3,846 SF
Stories 1
Typical Floor 3,846 SF
Walk Score®Somewhat Walkable (61)
Transit Score®Some Transit (32)

 

Location: Northeast Houston

NEED ADDRESS: SIGN commission protection agreement and fax to 1-800-508-2939 or email it to Allen.

$199K Shopping Center (Houston, TX) For Sale

225 FWY VIEW

$199K Shopping Center (Houston, TX) For Sale building is 6000 sqft on a very busy street in Houston, Texas.  Foreclosure thus, the building is empty.  It has freeway view-ability which makes this building very appealing.

Repair Estimate: $70-80K

After Repair Value: $525K

After Repair Rents: 3900-4400 Monthly ($199+70 = $269K / 3900 = 14.4% Cap Rate)

Days on Market: 1  –  MOVE FAST !!!!! YOU NEED $$ I WILL GET YOU A BRIDGE LOAN BUT YOU NEED AT LEAST 30% DOWN – 9%-11% Interest no pre-payment penalty

NEED ADDRESS ??? SIGN commission protection agreement

Building


Type 2 Star Retail Freestanding
Center
GLA 6,000 SF
Stories 1
Typical Floor 6,000 SF
Building Ht
Ceiling Ht
Docks None
Construction Masonry

Explanation of Estimated Rents


Property Mix

Parking12 Surface Spaces are available; Ratio of 3.00/1,000 SF

Frontage103′ on E Main St (with 1 curb cut)

Taxes$0.63/SF (2016)
Opex
Total Expenses
Walk Score®Car-Dependent (49)
Transit Score®Some Transit (45)

Land


Land Acres0.29 AC
Bldg FAR0.47
Corner LotYes
Land SF12,632 SF
Dimensions
ZoningNone
Parcel 0422323000020411
2016 Assessment
Improvements
Land
Total Value
  $148,972
 $19.57/SF
 $2.50/SF
$11.79/SF
NEED ADDRESS ??? SIGN commission protection agreement

10% Cap Rate – Shopping Center $275K

10 cap anuj

This Houston Texas shopping center is at 93% Occupancy and has a annual cap rate of $27K Net Operating Income.  It is located on a very busy main street in Houston, TX, with 4 lanes.  Long term tenants in place and tenants plan on resigning a new lease to extend.

rent roll
$27,518 ANNUAL NET OPERATING INCOME = 10% CAP RATE 

As is cap=10%, Proforma cap=13% + development upside. Current leases are under market value on rent. The property has good cash flow, development upside, in an under-served retail market. Please do not disturb tenants and verify all financial information in feasibility period.

NEED ADDRESS? – SIGN commission protection agreement

Building

Type1 Star Retail Freestanding (Strip Center)
GLA 2,500 SF
Stories1
Typical Floor 2,500 SF
Docks None
Construction Reinforced Concrete
Year Built 1950
Tenancy Multi
Owner Occup No
Parking 11 free Surface Spaces are available; Ratio of 3.72/1,000 SF
Frontage
118′ 
Taxes$1.56/SF (2016)
Walk Score®Somewhat Walkable (63)
Transit Score®Some Transit (47)

Land

Land Acres 0.34 AC
Bldg FAR 0.17
Land SF 15,000 SF
Zoning None
Parcel0332200240005

10%-15% Cap Rate on Shopping Center ($3.5M) – Walmart Anchored

10CAP-SHOPPINGCENTER

10% Cap Rate on Shopping Center ($3.5M) NOW & 15% at 100% Occupancy!

10% Capitalization Rate on Actual 73% Occupancy, 15.13% Proforma Capitalization Rate 100% National/Regional Tenants: 100% of the occupied square footage is leased to national and regional credit tenants including Bealls, Burke’ s Outlet, Dollar General, I’ d GO Wireless/Verizon Wireless, Subway, US Forest Services, and White Sands Federal Credit Union. Priced Below Replacement Cost: At $47 per square foot, Shopping Center is priced below today’ s replacement cost. Upside Potential: With no other shop space competition this Shopping Center will continue to be the retail destination for both national tenants as well as local businesses. Dominant Regional Shopping Center: Shopping Center is uniquely positioned. Additionally, it is located adjacent to the stand-alone Walmart Supercenter, which draws traffic from the region as it is the only national grocer and the surrounding region.

NEED ADDRESS? SIGN commission protection agreement

For Sale

Price$ 3,535,000
Price/SF $46.75
Cap Rate 10.00%
NOI $353,500
Sale Type Investment
StatusActive

Building

Type3 Star Retail (Neighborhood Center)
 
GLA 75,616 SF
Stories 1
Typical Floor 75,616 SF
Building Ht
Ceiling Ht
Docks
Construction Masonry
Year Built 1984
Year Renov 2005
Tenancy Multi
Owner Occup No
Elevators
Building Depth
Sprinklers

Explanation of Estimated Rents

Property Mix

 

Parking 350 Surface Spaces are available; Ratio of 4.63/1,000 SF

Taxes $0.08/SF (2016)
Opex $0.90/SF (2014-Est)
Total Expenses
Walk Score®Car-Dependent (33)
Transit Score®Minimal Transit (0)

Land

Land Acres 7.90 AC
Bldg FAR 0.22
Corner Lot
Land SF 344,124 SF
Dimensions
 
 

Houston Shopping Center for Sale $199K – 16% Cap Rate

9123 s st
FORECLOSED SHOPPING CENTER – #FORECLOSURE

NEED ADDRESS – SIGN commission protection agreement

  • Not on Loopnet or Listed – Pocket Listing
  • BANK OWNED SHOPPING CENTER – TENANTS NOT PAYING RENT CURRENTLY BUT RENTS ARE A TOTAL OF $3500 A MONTH ESTIMATE
  •  4 Retail Spaces Strip Center
  • Comes with extra parking lot of 13.6K Sq ft parking lot

9123 s parking

Land

Land Acres  0.5 AC
Bldg FAR 0.93
Land SF 6,421 SF
Zoning N/A
Collection Street Cross Street Traffic Vol Year Distance
Cars Per Day
14,010
2016
0.09 mi

Amenities

  • Pylon Sign
Name SF Occupied
Seafood Resturant
5,000 SF
Liquor Restaurant
1,000 SF
1 Mi 3 Mi
Population
12,561
104,100
Households
4,725
39,168
Average Age
35.30
35.60
Median HH Income
$20,842
$34,569
Daytime Employees
2,356
39,766
Population Growth ’17-’22
8.7%
8.9%
Household Growth ’17-’22
8.4%
8.7%