Retail Center in Growing
340 Rayford Rd Spring, TX 77386
340 Rayford Rd, Spring, TX, 77386
$2,380,000
For Sale
$2,380,000
Fully occupied retail center in a high-growth suburban area.
Property Size8,711 SF
Price / SF$273.22
Days on Market99
Property Features for 340 Rayford Rd
General Information
- Standard status
- Active
- Size
- 8,711 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2005
Listing agency
Houston Office
(713) 452-4257
Listed by
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source
Marcusmillichap
Added: Apr 15 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 2:57AM
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 Houston Office
Investment Insights
Based on property information with market context.
Sam’s Plaza is an 8,711-square-foot retail center located at 340 Rayford Road in Spring, Texas. The property is 100 percent occupied, accommodating two triple-net tenants. The property is positioned within one of North Houston’s fastest-growing suburban corridors, approximately 1,000 feet from Interstate 45. The asset benefits from regional connectivity and commuter traffic, with approximately 50,000 vehicles per day along Rayford Road. The surrounding trade area is anchored by national retailers, including H-E-B, Walmart, Kroger, and Walgreens. The average household income exceeds $100,000 within a one-mile radius. The asset is embedded within the Imperial Oaks master-planned community, an area experiencing continued residential expansion and population growth, driving retail demand and supporting rent growth across the submarket. The property offers investors a well located, income-producing retail asset with embedded growth potential and exposure to one of the Houston MSA’s most dynamic suburban retail corridors.
Key Highlights
- 100% Occupancy: Provides immediate income stream.
- High‑Traffic Location: Situated near Interstate 45 and Rayford Road with approximately 50,000 vehicles per day on Rayford Road, ensuring excellent visibility and accessibility.
- Strong Demographics: Average household income exceeds $100,000 within a one‑mile radius.
Local 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 | $178.7k | $20.52 |
| − Vacancy | −$10.0k | −$1.15 |
| EGI | $168.7k | $19.37 |
| − OpEx | −$50.6k | −$5.81 |
| NOI | $118.1k | $13.56 |
8,711 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,118 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.57M
NOI $153,938 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Fully occupied retail center in a high-growth suburban area.
Where is this shopping center located?
The property is located at 340 Rayford Rd Spring, TX.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate income stream.; High‑Traffic Location: Situated near Interstate 45 and Rayford Road with approximately 50,000 vehicles per day on Rayford Road, ensuring excellent visibility and accessibility.; Strong Demographics: Average household income exceeds $100,000 within a one‑mile radius.
