Horizon Plaza Retail Investment
12320 BEECHNUT ST Houston, TX
For Sale
Contact for pricing
90% leased strip center in Houston's Alief district.
Property Size16,217 SF
Lot Size1.74 Acres
Price / SF$154.16
Days on Market1241
Property Features for 12320 BEECHNUT ST
General Information
- Standard status
- Active
- Size
- 16,217 SF
- Lot size
- 1.74 Acres
- Property subtype
- RETAIL
Listing Agency:
World Wide Realty
(832) 465-6197
Listed By:
Luke Thao Dinh
(832) 465-6197
Source:
Moodyscre
Added: Mar 1, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of World Wide Realty
Investment Insights
Based on property information with market context.
Horizon Plaza is a strategically located strip building near the corner of Beechnut Street and Cook Road, situated in the Alief and International District area of Houston, Texas. Constructed in 2007, the property features a 15,000 square foot leasable strip building on a 1.74-acre lot with 67 parking spaces. The property is currently 90% occupied with a mix of short-term and long-term tenants. Additional income is generated from a food truck and fresh water stand located in the parking lot. Anchored by a long-term church and daycare service, the property benefits from a dense population base of nearly 180,000 homes within a 5-mile radius and is located within an established housing market. The property size is 16,217 square feet.
Key Highlights
- Strategically located in the heart of Alief and International District area of Houston, Texas.
- 90% mix‑tenant leased building providing immediate income.
- Anchored by long‑term church and daycare tenants, ensuring stable rental income.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $332.8k | $20.52 |
| − Vacancy | −$18.6k | −$1.15 |
| EGI | $314.1k | $19.37 |
| − OpEx | −$94.2k | −$5.81 |
| NOI | $219.9k | $13.56 |
16,217 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.14M
$2.75M – $3.66M
NOI $219,896 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $291,906 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Goathouse Restaurant
Restaurant
BOHEMIA BARBER BEAUTY ...
Barber Shop
THE FAMILY PAINT SUPPLY
Department Store
Delicias Centroamericas (Food ...
Restaurant
Twinkle Wonderland Childcare ...
Daycare Center
FAQs
What type of property is this?
Strip mall - 90% leased strip center in Houston's Alief district.
Where is this strip mall located?
The property is located at 12320 BEECHNUT ST Houston, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strategically located in the heart of Alief and International District area of Houston, Texas.; 90% mix‑tenant leased building providing immediate income.; Anchored by long‑term church and daycare tenants, ensuring stable rental income.
