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    12200 Gulf Freeway Houston, TX 77034

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    For Sale
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    Strategically located retail property with high visibility and future growth.

    Type:Retail
    Property size:
    198,964 SF
    Lot size:
    17.18 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    12
    Last Refresh:
    Mar 18 at 8:42 am

    Property Features for 12200 Gulf Freeway

    General Information

    Standard status
    Active
    Size
    198,964 SF
    Lot size
    17.18 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Jazz Hamilton
    Jazz Hamilton

    Listing agent Jazz Hamilton

    Listing office CBRE, Inc.

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE, Inc.

    Overview

    Prime Houston Retail Opportunity

    This commercial property is strategically located in southeast Houston, near major employment centers and Interstate 45. Its central location provides significant visibility. The property benefits from convenient access and serves a population of approximately 130,000 within a 3-mile radius. The property is adjacent to Almeda Mall, which attracts 1.7 million annual visitors. It is also near The Market at Almeda, a 23-acre retail redevelopment project scheduled to deliver 182,000 square feet and 4.96 acres of pad opportunities in 2026, featuring a grocery anchor and other service-related retailers. Several industrial developments are underway within 3 miles, including SouthPort 45, Gulfbelt Logistics Park, Red Bluff Distribution Center, Gauge Southgate, and Gulf Point 8, adding over 2.3 million square feet of industrial space to the area. The building has two stories: the ground floor measures 103,916 square feet, and the second floor measures 95,048 square feet, totaling 198,964 square feet. The land size is approximately 17.18 acres. The property includes 4 loading docks, 1 pylon sign, and 2 monument signs. The annual taxes are $78,621. There are no known restrictions.
    Location Intelligence

    Current Use by Public Records

    Magic Shots Photography Service PARKWAY STUDIOS (Bike/Boat/Book/etc) Store Uniforms N More (Bike/Boat/Book/etc) Store Shirin Diamond Center (Bike/Boat/Book/etc) Store Slinkee's A Stretch On Fun Arcade & Gaming Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tienda Del Tesoro — 12148 Gulf Fwy, Houston, TX 77034, United States
    • Kingsway — 12260 Gulf Fwy, Houston, TX 77034
    • Fuqua Shopping Center — 12810 Gulf Fwy, Houston, TX 77089
    • Centre South — 11030 Kingspoint Rd, Houston, TX 77075
    • Gpm Houston Properties Ltd — 12300 Gulf Fwy #208, Houston, TX 77034

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.2248964
    Latitude
    29.6229166

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    FAQs

    What type of property is this?
    Shopping center - Strategically located retail property with high visibility and future growth.
    Where is this shopping center located?
    The property is located at 12200 Gulf Freeway Houston, TX.
    What are key features of this property?
    This property features: Strategic location in southeast Houston near I‑45 and key employment centers.; High visibility and convenient access to a large population (130,000 within 3 miles).; Adjacent to Almeda Mall (1.7m annual visitors) and The Market at Almeda retail redevelopment.
    (713) 577-1805
    We can help!
    Listing Contact
    Jazz Hamilton
    Jazz Hamilton
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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