Signalized Corner Retail
13712 Walters Rd Houston, TX 77014
New
For Sale
$1,899,000
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 Market6
Property Features for 13712 Walters Rd
General Information
Standard status
Active
Size
12,980 SF
Property subtype
Shopping Strip
Building Details
Year Built
1984
Listing Agency:
Houston Office
(713) 452-4257
Listed By:
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source:
Marcusmillichap
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 3:30AM
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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
Location Intelligence
Current Use
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)
