Neighborhood Retail
4811 Hwy 6 Missouri City, TX 77459
For Sale
Contact for pricing
Grocery-anchored neighborhood retail center with 97% occupancy history and 92.5% current leasing.
Property Size26,513 SF
Price / SF$388.49
Days on Market100
Property Features for 4811 Hwy 6
General Information
- Standard status
- Active
- Size
- 26,513 SF
- Property subtype
- Retail
Listing Agency:
Cushman & Wakefield Houston
Listed By:
Kristopher Von Hohn · License #TX 612661
Source:
Crexi
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 6:29PM
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 Cushman & Wakefield Houston
Investment Insights
Based on property information with market context.
Colony Plaza is a 26,513-square-foot neighborhood retail center featuring ongoing tenant demand and a long-term occupancy track record, with approximately 97% occupancy maintained over the past decade. The property is currently 92.5% leased to a roster of 14 tenants and has a weighted average lease term (WALT) of approximately 2.0 years. In-place rents average about $24 per square foot, described as approximately 20% below market, with near-term rollover creating a value-add path tied to mark-to-market rent and projected NOI growth.
Colony Plaza is positioned at the signalized southeast corner of Dulles Avenue and Highway 6, with combined traffic of approximately 69,000 vehicles per day for visibility, access, and daily convenience. The center sits directly across the street from a dominant H-E-B grocer, the area’s primary retail anchor, serving the dense consumer base of Missouri City and neighboring Sugar Land.
The broader trade area is supported by an estimated average household income of approximately $146,000 and a population of more than 212,000 within a five-mile radius, reinforcing the center’s neighborhood retail focus.
Colony Plaza is positioned at the signalized southeast corner of Dulles Avenue and Highway 6, with combined traffic of approximately 69,000 vehicles per day for visibility, access, and daily convenience. The center sits directly across the street from a dominant H-E-B grocer, the area’s primary retail anchor, serving the dense consumer base of Missouri City and neighboring Sugar Land.
The broader trade area is supported by an estimated average household income of approximately $146,000 and a population of more than 212,000 within a five-mile radius, reinforcing the center’s neighborhood retail focus.
Key Highlights
- 26,513 SF neighborhood retail center (Colony Plaza) in the Houston MSA, located in Missouri City
- Historically ~97% occupancy over the past decade and currently 92.5% leased to 14 tenants
- Signalized southeast corner location at Dulles Avenue and Highway 6 with combined ~69,000 vehicles per day
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 | $544.0k | $20.52 |
| − Vacancy | −$31.0k | −$1.17 |
| EGI | $513.0k | $19.35 |
| − OpEx | −$153.9k | −$5.81 |
| NOI | $359.1k | $13.55 |
26,513 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.13M
$4.49M – $5.99M
NOI $359,125 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$330.29M
$289.00M – $385.34M
NOI $23,120,103 @ 7.0% cap · market cap 224.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Missouri City Bunion ...
Medical Clinic
Sean Croft
Physician
Star Cinema Grill
Cinema
Similar Off Market Nearby
- Riverstone Shopping Center — Highway 6 @, Riverstone Blvd, Missouri City, TX 77459
- Coinstar Kiosk - Bitcoin ATM — 4724 Hwy 6 H.E.B, Missouri City, TX 77459
- Star Center — 5201 Hwy 6, Missouri City, TX 77459
- Riverstone Retail Shopping Center — 5422 Hwy 6, Missouri City, TX 77459
- Coin Cloud Bitcoin ATM — 5418 Hwy 6, Missouri City, TX 77459
FAQs
What type of property is this?
Shopping center - Grocery-anchored neighborhood retail center with 97% occupancy history and 92.5% current leasing.
Where is this shopping center located?
The property is located at 4811 Hwy 6 Missouri City, TX.
What is the asking price?
The asking price for this property is $10,300,000.
What are key features of this property?
This property features: 26,513 SF neighborhood retail center (Colony Plaza) in the Houston MSA, located in Missouri City; Historically ~97% occupancy over the past decade and currently 92.5% leased to 14 tenants; Signalized southeast corner location at Dulles Avenue and Highway 6 with combined ~69,000 vehicles per day
