Retail Strip Center on Texas
1619 Texas Pkwy Missouri City, TX 77489
For Sale
Contact for pricing
Fully leased retail strip center in a high-traffic location.
Property Size4,500 SF
Lot Size0.58 Acres
Price / SF$300
Days on Market724
Property Features for 1619 Texas Pkwy
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.58 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency:
Trinh Nguyen
Listed By:
Thế Trinh Nguyen · License #617251
Source:
Crexi
Added: Jul 31, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:03AM
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 Trinh Nguyen
Investment Insights
Based on property information with market context.
This 4,500-square-foot retail strip center, constructed in 1997, is situated on a 0.58-acre lot in Missouri City, Texas. The property is fully leased by reliable tenants, including one with a long-term lease of 10 years. Located on the busy Texas Pkwy, the property benefits from high visibility and significant foot traffic. It is adjacent to a newly-built Discount Tire and directly across from the HCC Missouri City campus. The area is experiencing rapid growth, with expanding industrial warehouses, office spaces, and numerous newly-developed residential neighborhoods. The property presents a unique investment opportunity, with no comparable properties available for sale within a 10-mile radius. Current rents are below market rates, offering potential for future increases. Pro-forma NOI for 2025 is projected to reach $97,000. The location provides convenient access to Sugar Land and Pearland.
Key Highlights
- Seller financing available with a low interest rate (more than 50% down payment required).
- Fully leased retail strip center with reliable tenants, including one with a 10‑year lease.
- High visibility location on busy Texas Pkwy, ensuring significant foot traffic.
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 | $92.3k | $20.52 |
| − Vacancy | −$5.3k | −$1.17 |
| EGI | $87.1k | $19.35 |
| − OpEx | −$26.1k | −$5.81 |
| NOI | $61.0k | $13.55 |
4,500 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$870.8K
$761.9K – $1.02M
NOI $60,954 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$56.06M
$49.05M – $65.40M
NOI $3,924,130 @ 7.0% cap · market cap 290.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Summit Nail
Nail Salon
Alvo The Barber
Barber Shop
Q2 foot massage
Alternative Medicine Practice
Direct Discount Furniture ...
Furniture & Home Goods
C B Financial ...
Bank
FAQs
What type of property is this?
Strip mall - Fully leased retail strip center in a high-traffic location.
Where is this strip mall located?
The property is located at 1619 Texas Pkwy Missouri City, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Seller financing available with a low interest rate (more than 50% down payment required).; Fully leased retail strip center with reliable tenants, including one with a 10‑year lease.; **High visibility location on busy Texas Pkwy, ensuring significant foot traffic.**
