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    Retail Center in Missouri City Title is generated by Realmo AI

    6840 Hwy 6, Missouri City, TX 77459

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    For Sale
    $3,500,000

    9,920 SF retail center in a high-growth area.

    Type:Shopping Strip
    Property size:
    9,920 SF
    Price / SF:
    $352/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:01 am

    Property Features for 6840 Hwy 6

    General Information

    Standard status
    Active
    Size
    9,920 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Alex Wolansky, CCIM
    Alex Wolansky, CCIM

    Listing agent Alex Wolansky, CCIM License #TX: 702899

    Listing office Houston Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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

    HighLights

    • High‑traffic location on State Highway 6 with over 58,000 vehicles per day.
    • Located in a high‑growth retail corridor with strong consumer demand and household spending power.
    • Anchored by Excel Urgent Care, a multi‑location healthcare provider.
    • High average household income exceeding $150,000 within a one‑mile radius.
    • Master leased suite provides immediate income with potential for higher rent upon renewal.
    • Offered at a 7.08 percent cap rate.

    Overview

    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 benefits from its location in a high-growth retail corridor. The area continues to attract strong consumer demand and household spending in the Southwest Houston metropolitan market. The shopping center is anchored by Excel Urgent Care, a multi-location healthcare provider, and also accommodates a pawn shop. One suite is master leased for three years from closing at an annual base rent of $24.00 per square foot plus 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. This location provides visibility and strategic access for local residents and commuters. The property is offered at a price of $3,500,000, representing a 7.08 percent cap rate. Brazos Lake Shopping Center is an attractive opportunity for investors targeting stable income and long-term value creation in the Houston-area retail market.
    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 — 5950 Hwy 6, Missouri City, TX 77459
    • Coinstar Kiosk - Bitcoin ATM — Kroger - Houston, 6200 Hwy 6, Missouri City, TX 77459
    • the Centre at Knights Court — 7746 Hwy 6, Missouri City, TX 77459
    • Fairview Plaza — 6850 Hwy 6, Missouri City, TX 77459
    • The Shops at Rocky Creek Crossing — 7260 Hwy 6 Ste 400, Missouri City, TX 77459

    Location Insight

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

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    FAQs

    What type of property is this?
    Shopping center - 9,920 SF retail center in a high-growth area.
    Where is this shopping center located?
    The property is located at 6840 Hwy 6 Missouri City, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: High‑traffic location on State Highway 6 with over 58,000 vehicles per day.; Located in a high‑growth retail corridor with strong consumer demand and household spending power.; Anchored by Excel Urgent Care, a multi‑location healthcare provider.
    (713) 452-4292
    We can help!
    Listing Contact
    Alex Wolansky, CCIM
    Alex Wolansky, CCIM
    Real Estate License ID: TX: 702899
    Learn More
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    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.

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