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Sablechase Plaza 13712 Walters Rd 12,980 SF 100% Leased Retail Building Houston, TX 77014 $1,899,000 ($146.30/SF) 7.52% Cap Rate
Investment Highlights
- Attractive Going-In Cap Rate
- Located on Hard, Signalized Corner Walters Road and Sablechase Drive
- Priced Below Replacement Cost
- Diversified, Service-Based Tenant Mix
- Contractual Rent Growth
Executive Summary
Marcus & Millichap is pleased to exclusively list for sale Sablechase Plaza, located at 13712 Walters Road in Houston, Texas. This 12,980-square-foot retail center is located on the hard, signalized corner of Walters Road and Sablechase Drive. The subject property is 100 percent occupied, accommodating five tenants.
Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time.
Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
12,980 SF
Building Class
C
Year Built
1985
Price
$1,899,000
Price Per SF
$146.30
Cap Rate
7.52%
NOI
$142,887
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.17 AC
Zoning
None
Parking
37 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1155660010019 | Improvements Assessment | $914,687 |
| Land Assessment | $204,088 | Total Assessment | $1,118,775 |
Property Taxes
Parcel Number
1155660010019
Land Assessment
$204,088
Improvements Assessment
$914,687
Total Assessment
$1,118,775
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Sablechase Plaza | 13712 Walters Rd
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