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    Texas Hwy 6 & Sienna Pkwy Missouri City, TX 77459

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center, multiple spaces available

    Lot size:
    168,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional retail and restaurant property, located in Fort Bend County, offers a prime investment opportunity. The 168,058 square foot shopping center sits on a substantial 30-acre lot and features eight buildings, all single-story structures. Currently, there are five suites available, ranging from 4,049 to 10,220 square feet, with a total of 33,500 square feet of vacant space. The minimum divisible space is 4,181 square feet, while the maximum contiguous space available is 15,693 square feet. The property boasts a strong tenant base, including national brands such as Academy, LA Fitness, Spec's, and Ace Hardware. Its strategic location at the entrance to the Sienna community, a residential area with over 20,000 residents, ensures high visibility and foot traffic. Convenient access to the Fort Bend Parkway Toll Road within one mile further enhances its appeal to both residents and commuters. The area demographics are impressive, with 19.3% of residents within a one-mile radius earning over $200,000 annually. This presents a unique opportunity to capitalize on a thriving market with a strong potential for return on investment. Specific suite sizes include 4,049, 4,081, 4,251, 5,069, and 5,830 square feet; one space is currently in lease negotiations. This property is ideal for a variety of retail and restaurant concepts seeking a high-visibility location in a rapidly growing community.

    Property Features for 0 Texas Hwy 6 & Sienna Pkwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    168,058 SF

    Building Details

    Buildings
    8
    Stories
    1

    Unit(s) available at that property

    Space
    Space no. 17
    Size
    5,830 SF
    Space
    Space no. 10
    Size
    4,049 SF
    Space
    Space no. 2
    Size
    4,251 SF
    Space
    Space no. 3
    Size
    10,220 SF
    Space
    Space no. 8
    Size
    4,081 SF
    Space
    Space no. 1
    Size
    5,069 SF

    We can help!

    Listing Contact
    Wade Greene
    Wade Greene

    Learn more

    HighLights

    • 168,058 SF retail shopping center and restaurant space in Fort Bend County, Texas.
    • Multiple suites available, ranging from 4,049 SF to 10,220 SF, with a total of 33,500 SF currently vacant.
    • Located at the entrance to the Sienna community (20,000+ residents) and within one mile of the Fort Bend Parkway Toll Road.
    • Strong demographics, with 19.3% of residents within one mile earning $200,000+ annually.
    • Anchored by national tenants including Academy, LA Fitness, Spec's, and Ace Hardware.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.531397474819
    Latitude
    29.536851155287

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, multiple spaces available
    Where is this lifestyle center located?
    The property is located at Texas Hwy 6 & Sienna Pkwy Missouri City, TX.
    What are key features of this property?
    This property features: 168,058 SF retail shopping center and restaurant space in Fort Bend County, Texas.; Multiple suites available, ranging from 4,049 SF to 10,220 SF, with a total of 33,500 SF currently vacant.; Located at the entrance to the Sienna community (20,000+ residents) and within one mile of the Fort Bend Parkway Toll Road.
    Request Owner's contact information
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    Missouri City, TX 77459
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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.

    More about this property
    Texas Hwy 6 & Sienna Pkwy Missouri City, TX 77459
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    We can help!
    Listing Contact
    Wade Greene
    Wade Greene
    Real Estate License ID: TX-680080
    Learn more
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