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11001 Fondren Rd 7,368 SF 100% Leased Retail Building Houston, TX 77096 $1,600,000 ($217.16/SF) 4.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy cars and foot traffic.
- Unique small shopping Center with ready make income.
- Shopping strip 100 % occupied with stable tenants.
- Great Opportunity for dentist ready to work on day one.
EXECUTIVE SUMMARY
100% Occupied shopping center for sale, Dental office Business available for sale
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$85,800
|
$11.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,800
|
$11.64
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,725
|
$1.46
|
| Net Operating Income |
$75,075
|
$10.19
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $85,800 |
| Annual Per SF | $11.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $85,800 |
| Annual Per SF | $11.64 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $10,725 |
| Annual Per SF | $1.46 |
| Net Operating Income | |
|---|---|
| Annual | $75,075 |
| Annual Per SF | $10.19 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,368 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
$1,600,000
Price Per SF
$217.16
Cap Rate
4.69%
NOI
$75,075
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.31 AC
Zoning
business - retail office neighborhood zone
Parking
28 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
22’ on Fondren
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Allied Family Dentistry P.C
- Professional, Scientific, and Technical Services
- 1,200 SF
- -
- Plus Electric
- Dec 2028
- Better Insurance
- Finance and Insurance
- 1,200 SF
- -
- Plus Electric
- Jan 2028
- Paradise Adult Day Care
- Health Care and Social Assistance
- 3,500 SF
- -
- Plus Tenant Electric
- Aug 2028
- Phann Dental Lab
- Health Care and Social Assistance
- 1,200 SF
- -
- Plus Utilities
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Allied Family Dentistry P.C | Professional, Scientific, and Technical Services | 1,200 SF | - | Plus Electric | Dec 2028 | |
| Better Insurance | Finance and Insurance | 1,200 SF | - | Plus Electric | Jan 2028 | |
| Paradise Adult Day Care | Health Care and Social Assistance | 3,500 SF | - | Plus Tenant Electric | Aug 2028 | |
| Phann Dental Lab | Health Care and Social Assistance | 1,200 SF | - | Plus Utilities | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0420320000042 | Improvements Assessment | $392,676 (2025) |
| Land Assessment | $107,992 (2025) | Total Assessment | $500,668 (2025) |
PROPERTY TAXES
Parcel Number
0420320000042
Land Assessment
$107,992 (2025)
Improvements Assessment
$392,676 (2025)
Total Assessment
$500,668 (2025)
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11001 Fondren Rd
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