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15948 Post Oak Rd 17,750 SF Retail Building Houston, TX 77053 $4,300,000 ($242.25/SF) 4.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy day time traffic
- 100% Occupied
- lots of nature lights
- Cash Offers !
EXECUTIVE SUMMARY
King Plaza Shopping Center - Good neighborhood Strip Center sitting on approx. 84,824 square feet tract and consisting of approximately 17,650+/- square feet leasable area. The Center is extremely well located 3 minutes South of South Sam Houston Tollway (Beltway 8) in Harris County, Texas
Good upset and potential.
Adjacent land - Tract II - Approx.28,340+/- square feet at North of the Strip Center
Good upset and potential.
Adjacent land - Tract II - Approx.28,340+/- square feet at North of the Strip Center
FINANCIAL SUMMARY (PRO FORMA - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$251,820
|
$14.19
|
| Other Income |
$11,640
|
$0.66
|
| Vacancy Loss |
$11,641
|
$0.66
|
| Effective Gross Income |
$251,819
|
$14.19
|
| Taxes |
$38,158
|
$2.15
|
| Operating Expenses |
$46,235
|
$2.60
|
| Total Expenses |
$84,393
|
$4.75
|
| Net Operating Income |
$167,426
|
$9.43
|
FINANCIAL SUMMARY (PRO FORMA - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $251,820 |
| Annual Per SF | $14.19 |
| Other Income | |
|---|---|
| Annual | $11,640 |
| Annual Per SF | $0.66 |
| Vacancy Loss | |
|---|---|
| Annual | $11,641 |
| Annual Per SF | $0.66 |
| Effective Gross Income | |
|---|---|
| Annual | $251,819 |
| Annual Per SF | $14.19 |
| Taxes | |
|---|---|
| Annual | $38,158 |
| Annual Per SF | $2.15 |
| Operating Expenses | |
|---|---|
| Annual | $46,235 |
| Annual Per SF | $2.60 |
| Total Expenses | |
|---|---|
| Annual | $84,393 |
| Annual Per SF | $4.75 |
| Net Operating Income | |
|---|---|
| Annual | $167,426 |
| Annual Per SF | $9.43 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,750 SF
Building Class
B
Year Built
2000
Price
$4,300,000
Price Per SF
$242.25
Cap Rate
4.99%
NOI
$214,500
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
Commercial
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Le Seafood
- Retailer
- 1,700 SF
- -
- Full Service
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Le Seafood | Retailer | 1,700 SF | - | Full Service | - |
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 6200-02-000-0205-907 | Total Assessment | $1,708,941 (2025) |
| Land Assessment | $145,631 (2025) | Annual Taxes | $38,158 ($2.15/SF) |
| Improvements Assessment | $1,563,310 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
6200-02-000-0205-907
Land Assessment
$145,631 (2025)
Improvements Assessment
$1,563,310 (2025)
Total Assessment
$1,708,941 (2025)
Annual Taxes
$38,158 ($2.15/SF)
Tax Year
2022
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15948 Post Oak Rd
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