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    1619 Texas Pkwy Missouri City, TX 77489

    For Sale
    $1,350,000

    4-Unit Strip Center, High ROI

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4,500 square foot retail strip center presents a compelling investment opportunity in the thriving Missouri City, Texas market. Located on the high-traffic Texas Parkway, this fully leased Class C property boasts four tenants, including one with a 10-year lease, ensuring consistent income. Built in 1997 on a 0.58-acre lot, the property benefits from its prime location adjacent to a newly constructed Discount Tire and directly across from the Houston Community College Missouri City campus, guaranteeing high visibility and foot traffic. Currently operating at 100% occupancy, the property generates a strong NOI of $74,640, with a pro-forma NOI projected at $79,735, and a potential to reach $97,000 by 2025. Below-market rents offer significant upside potential for future income growth. The property's strategic location within a rapidly expanding area, surrounded by new residential and commercial developments, further enhances its long-term value. This unique investment opportunity, with no comparable properties within a 10-mile radius, is offered at $1,350,000, representing a 5.53% cap rate and a pro-forma cap rate of 5.91%. Seller financing is available with a down payment exceeding 50% and a low interest rate. The property's strong tenant base, prime location, and significant growth potential make it an ideal addition to any investment portfolio.

    Property Features for 1619 Texas Pkwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,500 SF
    Class
    C
    Lot Size
    25,265 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Seller financing available with 50%+ down payment and low interest rate.
    • 4,500 SF retail strip center on a 0.58‑acre lot in Missouri City, TX.
    • 1997 construction; fully leased, including one 10‑year lease.
    • Below‑market rents provide significant upside potential; projected 2025 NOI of $97,000.
    • High‑visibility location on Texas Pkwy, near Discount Tire and HCC Missouri City.
    • Situated in a rapidly growing area with substantial new residential and commercial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Summit Nail Nail Salon Alvo The Barber Barber Shop Q2 foot massage Massage Spa Direct Discount Furniture ... Furniture Store C B Financial ... Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.526600444603
    Latitude
    29.604153861496

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    FAQs

    What type of property is this?
    Lifestyle center - 4-Unit Strip Center, High ROI
    Where is this lifestyle center 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 50%+ down payment and low interest rate.; 4,500 SF retail strip center on a 0.58-acre lot in Missouri City, TX.; 1997 construction; fully leased, including one 10-year lease.
    Request Owner's contact information
    1619 Texas Pkwy Missouri City, TX 77489
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    Realmo Value Estimation

    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.

    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.

    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
    1619 Texas Pkwy Missouri City, TX 77489
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