Signalized Corner Retail
For Sale
$1,899,000
13712 Walters Rd, Houston, TX 77014
Sablechase Plaza is a 100% occupied retail center with five tenants on a hard, signalized corner in Houston.
Property Size12,980 SF
Price / SF$146.30
Days on Market44
Property Features for 13712 Walters Rd
General Information
Standard status
Active
Size
12,980 SF
Property subtype
Shopping Strip
Occupancy
100%
Additional Details
Cap Rate
7.52%
Amenities
Attractive Going-In Cap Rate
Diversified, Service-Based Tenant Mix
Located on Hard, Signalized Corner Walters Road and Sablechase Drive
Contractual Rent Growth
Priced Below Replacement Cost
Building Details
Building Size
12,980 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
Houston Office
Listed By:
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source:
Marcusmillichap
Added: Jul 24
Changed: Aug 11
Last Checked: Sep 5 at 4:00AM
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.
Sablechase Plaza is a 12,980-square-foot retail center offered for sale at 13712 Walters Road in Houston, Texas. The property is 100 percent occupied and currently accommodates five tenants.
Located on the hard, signalized corner of Walters Road and Sablechase Drive, the center benefits from prominent intersection visibility and convenient vehicular access.
The offering is supported by current net operating income of $142,887, resulting in a stated 7.52% cap rate. The seller notes future rent growth within the existing leases, which is expected to increase returns over time.
Located on the hard, signalized corner of Walters Road and Sablechase Drive, the center benefits from prominent intersection visibility and convenient vehicular access.
The offering is supported by current net operating income of $142,887, resulting in a stated 7.52% cap rate. The seller notes future rent growth within the existing leases, which is expected to increase returns over time.
Key Highlights
- 12,980 SF retail center built in 1984 at the hard, signalized corner of Walters Rd and Sablechase Dr
- 100% occupied with five tenants
- Offered at $1,899,000 ($146/SF)
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 77014, TX
35,161
Population
13,166
Households
2.7
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
7.2 sq mi
ZIP Area
4,883
Density / Sq Mi
$54,456
Median Household Income
$34,192
Median Earnings
$1,220
Median Rent
$213,300
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Sablechase Plaza is a 100% occupied retail center with five tenants on a hard, signalized corner in Houston.
Where is this strip mall located?
The property is located at 13712 Walters Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 12,980 SF retail center built in 1984 at the hard, signalized corner of Walters Rd and Sablechase Dr; 100% occupied with five tenants; Offered at $1,899,000 ($146/SF)
