Lake Pointe Mixed-Use
1423 Lake Pointe Pkwy, Sugar Land, TX 77478
For Sale
Contact for pricing
4,246 SF building in a mixed-use town center.
Property Size4,243 SF
Price / SF$223.90
Days on Market236
Property Features for 1423 Lake Pointe Pkwy
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Stories
Listing Agency:
Titan Commercial
Listed By:
Brock Hartson · License TX #827195
(713) 379-8164
Source:
Crexi
Added: Mar 20
Changed: Nov 8
Last Checked: Nov 8 at 8:15AM
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 Titan Commercial
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Investment Insights
Based on property information with market context.
This 4,246 SF building, constructed in 2008, is situated on a 2,827 SF lot within Lake Pointe Town Center, a 186-acre mixed-use development. The center includes townhomes, lakeside walking paths, retail spaces, restaurants, and offices. Its location offers walkability to Lake Pointe Village, anchored by Whole Foods, and a variety of restaurants and neighborhood services. The property provides convenient access to I-59 and Highway 6.
Key Highlights
- Located in Lake Pointe Town Center, a 186‑acre mixed‑use project.
- Walkable to Whole Foods‑anchored Lake Pointe Village.
- Easy access to I‑59 and Hwy 6.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,671
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,420
$613.4K
Cap Rate 7%
$438,157
$438.2K
Cap Rate 9%
$340,789
$340.8K
Market Conditions
NOI Build-Up for 4,243 SF
Gross rent
$62.6K $14.76/SF
− Vacancy
−$21.7K −$5.12/SF
EGI
$40.9K $9.64/SF
− OpEx
−$10.2K −$2.41/SF
NOI
$30.7K $7.23/SF
Area
Sugar Land, TX
Vacancy
34.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,420
Cap Rate 7%
$438,157
Cap Rate 9%
$340,789
Alternative Uses
Best Use
Office B
$438.2K
$383.4K – $511.2K
NOI $30,671 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$811.7K
$710.3K – $947.0K
NOI $56,822 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,658
Businesses Nearby
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Business Placement
Demographics for 77478, TX
24,536
Population
9,168
Households
2.7
Avg Household Size
48
Median Age
59%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,454
Density / Sq Mi
$116,205
Median Household Income
$53,388
Median Earnings
$1,751
Median Rent
$378,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Fort Bend County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 4,246 SF building in a mixed-use town center.
Where is this office building located?
The property is located at 1423 Lake Pointe Pkwy Sugar Land, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Located in Lake Pointe Town Center, a 186‑acre mixed‑use project.; Walkable to Whole Foods‑anchored Lake Pointe Village.; Easy access to I‑59 and Hwy 6.
