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11001 Fondren Rd 7,368 SF 100% Leased Retail Building Houston, TX 77096 $1,600,000 ($217.16/SF) 5.68% Cap Rate
Investment Highlights
- Heavy cars and foot traffic.
- Unique small shopping Center with ready make income.
- Shopping strip 100% occupied with stable tenants.
Executive Summary
100% Occupied shopping center for sale, stable and long terms tenants
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$100,200
|
$13.60
|
| Other Income |
$8,100
|
$1.10
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,300
|
$14.70
|
| Taxes |
$11,500
|
$1.56
|
| Operating Expenses |
$6,000
|
$0.81
|
| Total Expenses |
$17,500
|
$2.38
|
| Net Operating Income |
$90,800
|
$12.32
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $100,200 |
| Annual Per SF | $13.60 |
| Other Income | |
|---|---|
| Annual | $8,100 |
| Annual Per SF | $1.10 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,300 |
| Annual Per SF | $14.70 |
| Taxes | |
|---|---|
| Annual | $11,500 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.81 |
| Total Expenses | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $2.38 |
| Net Operating Income | |
|---|---|
| Annual | $90,800 |
| Annual Per SF | $12.32 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,368 SF
Building Class
C
Year Built/Renovated
1980/2020
Price
$1,600,000
Price Per SF
$217.16
Cap Rate
5.68%
NOI
$90,800
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
Amenities
- Storage Space
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
- 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 | |
| Phann Dental Lab | Health Care and Social Assistance | 1,200 SF | - | Plus Utilities | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0420320000042 | Total Assessment | $500,668 (2025) |
| Land Assessment | $107,992 (2025) | Annual Taxes | $11,500 ($1.56/SF) |
| Improvements Assessment | $392,676 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0420320000042
Land Assessment
$107,992 (2025)
Improvements Assessment
$392,676 (2025)
Total Assessment
$500,668 (2025)
Annual Taxes
$11,500 ($1.56/SF)
Tax Year
2026
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11001 Fondren Rd