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15948 Post Oak Rd 18,900 SF Retail Building Houston, TX 77053 $4,300,000 ($227.51/SF) 5.05% 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 may produce more Rental Income as Rent 2 Own Trailers
Good upset and potential.
Adjacent land - Tract II - Approx.28,340+/- square feet at North of the Strip Center may produce more Rental Income as Rent 2 Own Trailers
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$271,200
|
$15.28
|
| Other Income |
$12,480
|
$0.70
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$283,680
|
$15.98
|
| Taxes |
$34,474
|
$1.94
|
| Operating Expenses |
$32,102
|
$1.81
|
| Total Expenses |
$66,576
|
$3.75
|
| Net Operating Income |
$217,104
|
$12.23
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $271,200 |
| Annual Per SF | $15.28 |
| Other Income | |
|---|---|
| Annual | $12,480 |
| Annual Per SF | $0.70 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $283,680 |
| Annual Per SF | $15.98 |
| Taxes | |
|---|---|
| Annual | $34,474 |
| Annual Per SF | $1.94 |
| Operating Expenses | |
|---|---|
| Annual | $32,102 |
| Annual Per SF | $1.81 |
| Total Expenses | |
|---|---|
| Annual | $66,576 |
| Annual Per SF | $3.75 |
| Net Operating Income | |
|---|---|
| Annual | $217,104 |
| Annual Per SF | $12.23 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,900 SF
Building Class
B
Year Built
2001
Price
$4,300,000
Price Per SF
$227.51
Cap Rate
5.05%
NOI
$217,000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
75 Spaces (3.97 Spaces per 1,000 SF Leased)
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 | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6200-02-000-0205-907 | Total Assessment | $1,708,941 (2025) |
| Land Assessment | $145,631 (2025) | Annual Taxes | $34,474 ($1.82/SF) |
| Improvements Assessment | $1,563,310 (2025) | Tax Year | 2026 |
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
$34,474 ($1.82/SF)
Tax Year
2026
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15948 Post Oak Rd