Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6840 Highway 6 Missouri City, TX 77459

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    9,920 SF retail center in Missouri City, Texas.

    Property size:
    9,920 SF
    Lot size:
    1.17 Acres

    Property Features for 6840 Highway 6

    General Information

    Standard status
    Active
    Zoning
    N/A
    Size
    9,920 SF
    Lot size
    1.17 Acres

    Building Details

    Year built
    2009

    We can help!

    Listing Contact
    Gus Lagos
    Source: Crexi

    Listing Agency: Marcus & Millichap - Houston Listing Agent: Gus Lagos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Brazos Lake Shopping Center

    Brazos Lake Shopping Center, a 9,920-square-foot retail center, is located at 6840 Highway 6 in Missouri City, Texas. Situated on State Highway 6, which sees over 58,000 vehicles per day, the property is positioned in a high-growth retail corridor within the Southwest Houston metropolitan market. The shopping center is anchored by Excel Urgent Care and also accommodates a pawn shop. One suite is master leased for three years from closing at an annual base rent of $24.00/SF + NNN. The average household income exceeds $150,000 within a one-mile radius, and significant population growth is projected through 2029. The property's multi-tenant configuration and location place it within a retail ecosystem anchored by master-planned communities (Riverstone and Sienna Plantation) and regional shopping destinations. The property offers visibility and strategic access for both local residents and commuters. The property represents a retail asset that combines tenancy, trade demographics, and highway frontage.
    Location Intelligence

    Current Use by Public Records

    Irene Ekene Cornell- ... Pediatrician Excel Urgent Care Medical Clinic Irene Cornell-Ade Medical Clinic TNT Pharmacy LLC Pharmacy The Pawn Box Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Missouri City Shopping Center, Coinstar Kiosk - Bitcoin ATM, the Centre at Knights Court, Fairview Plaza, The Shops at Rocky Creek Crossing

    Location Insight

    • Map
    • Local Demand
    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.557487
    Latitude
    29.556803

    Nearby Similar for Sale

    • $11,257,000
      20,000 SF

      Profitable Restaurant & Retail Investment

      Newly constructed retail center with established Tex-Mex restaurant.
      2720-2730 Fm 1092 Rd, Missouri City, TX 77459
      View Details
    • $450,000

      Retail Shopping Center on Highway

      Retail property built in 2020 on high-traffic Highway 6.
      4899 103E, Missouri City, TX 77459
      View Details
    • $5,292,600
      52,300 SF

      Missouri City Office Building For Sale

      52,300 SF office building in Missouri City, Texas.
      2303 Fm 1092 Rd, Missouri City, TX 77459
      View Details
    • Contact for pricing
      7,251 SF

      Houston Area Convenience Store Investment

      Single tenant convenience store with fuel, long term lease.
      750 Buffalo Run, Missouri City, TX 77489
      View Details
    • Contact for pricing
      1,225 SF

      Missouri City Office Space Available

      Office space for rent in Missouri City, Texas.
      4220 Cartwright Rd, Missouri City, TX 77459
      View Details
    • Contact for pricing
      1,225 SF

      Upgraded Office Unit For Sale

      End cap office unit with upgraded interiors and efficient layout.
      4220 Cartwright Rd, Missouri City, TX 77459
      View Details
    • $1,917,000
      510 SF

      Freestanding Commercial Building For Sale

      Freestanding commercial building with potential for coffee shop or restaurant.
      10050 Highway 6, Missouri City, TX 77459
      View Details
    • New
      Contact for pricing

      Retail Property on Highway 6

      Retail property available for sale on Highway 6.
      5422 Highway 6, Missouri City, TX 77459
      View Details
    • Contact for pricing
      27,094 SF

      New Class A Retail Center

      Retail center with national and regional tenancy in Houston, TX.
      5304 Sienna Pkwy, Missouri City, TX 77459
      View Details
    • Contact for pricing
      9,998 SF

      Missouri City Office Space

      Office space available for sale in Missouri City, Texas.
      3717 Township Ln, Missouri City, TX
      View Details
    • Contact for pricing
      52,000 SF

      Missouri City Warehouse Opportunity

      52,000 sqft warehouse in Missouri City, Texas for sale.
      15250 Hillcroft Ave, Missouri City, TX 77489
      View Details
    • Contact for pricing
      2,001 SF

      Retail Space For Sale

      Retail space available, located in Missouri City, Texas.
      4899 Highway 6, Missouri City, TX 77459
      View Details

    FAQs

    What type of property is this?
    Shopping center - 9,920 SF retail center in Missouri City, Texas.
    Where is this shopping center located?
    The property is located at 6840 Highway 6 Missouri City, TX.
    What are key features of this property?
    This property features: - High-traffic location on State Highway 6 with over 58,000 vehicles per day.; - Strong demographics with average household income exceeding $150,000 within a one-mile radius and projected population growth.; - Anchored by Excel Urgent Care, a multi-location healthcare provider.
    Request Owner's contact information
    6840 Highway 6 Missouri City, TX 77459
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6840 Highway 6
    Missouri City, TX 77459
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6840 Highway 6 Missouri City, TX 77459
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gus Lagos
    Real Estate License ID: 419197
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!