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11320 Homestead Rd 43,200 SF 91% Leased Retail Building Houston, TX 77016 $2,900,000 ($67.13/SF) 12.11% Cap Rate
EXECUTIVE SUMMARY
Exceptional investment opportunity to acquire a 43,200 SF neighborhood shopping center at 11320–11330 Homestead Rd, Houston, TX 77016. Anchored by a supermarket tenant and supported by essential services including a washateria and dry cleaner, this property offers stable, necessity-driven cash flow with multiple revenue streams. Featuring ample parking, food truck income, and a brand-new gas station under construction at the front, the center is strategically positioned near Houston Community College – North Forest Campus and new residential developments, driving long-term traffic and retail demand. Steady population growth within a 3–5 mile radius reinforces the property’s value as a resilient, income-producing retail asset. With 100% occupancy, diversified income streams, a high-traffic location, and Opportunity Zone tax advantages, this shopping center represents a rare chance to acquire a fully leased, necessity-based retail asset with stable returns and significant future upside potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
43,200 SF
Year Built
1968
Price
$2,900,000
Price Per SF
$67.13
Cap Rate
12.11%
NOI
$351,322
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
4.03 AC
Zoning
Opportunity Zone
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Contact broker for more details.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 4,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Contact broker for more details.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,260,867 | |
| Land Assessment | $1,245,174 | Total Assessment | $2,506,041 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,245,174
Improvements Assessment
$1,260,867
Total Assessment
$2,506,041
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11320 Homestead Rd
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