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    The Largest CRE Database in the US with Over 1 Million Listings

    9370-9380 Sam Houston Pkwy Houston, TX 77099

    Sponsored
    For Lease
    $21 SF/Yr

    Houston Retail Space Available

    Lot size:
    18,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    The Shops on Elmsworth, a thriving 18,515 square foot retail center, is ideally situated at 9370-9380 West Sam Houston Parkway South in Houston, Texas. Built in 2008, this multi-tenant property boasts a prime location just off the feeder road, conveniently near the intersection of Beechnut Street and West Sam Houston Parkway South. Currently housing a diverse mix of established businesses including AT&T, Musaafer, Mint Dentistry, and Mambo Seafood, this center offers five available spaces ranging from 1,032 to 6,544 square feet, presenting a unique opportunity for expansion or new ventures. The property's strong tenant roster and high-traffic location make it an attractive investment prospect. This well-maintained retail center provides excellent visibility and accessibility, ensuring a steady stream of potential customers. The available spaces offer flexibility for a variety of retail uses, catering to diverse business needs. Consider this exceptional opportunity to secure a space in a thriving Houston retail hub.

    Property Features for 9370-9380 Sam Houston Pkwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,515 SF
    Total Rate
    32401.25

    Building Details

    Year Built
    2008

    Unit(s) available at that property

    Space
    Suite 225
    Size
    5,229 SF
    Rate per SF
    $21
    Space
    Suite 100
    Size
    2,415 SF
    Rate per SF
    $21
    Space
    Suite 250
    Size
    1,032 SF
    Rate per SF
    $21
    Space
    Suite B&C
    Size
    6,544 SF
    Rate per SF
    $21
    Space
    Suite 275
    Size
    2,242 SF
    Rate per SF
    $21

    We can help!

    Listing Contact
    Jim Bayne
    Jim Bayne

    Learn more

    HighLights

    • 18,515 SF retail strip center in Harris County, TX.
    • Built in 2008.
    • Five spaces available, ranging from 1,032 SF to 6,544 SF.
    • Located at 9370‑9380 West Sam Houston Parkway South, Houston, TX, near Beechnut Street.
    • Current tenants include AT&T, Musaafer, Mint Dentistry, and Mambo Seafood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5595129
    Latitude
    29.6831445

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    FAQs

    What type of property is this?
    Lifestyle center - Houston Retail Space Available
    Where is this lifestyle center located?
    The property is located at 9370-9380 Sam Houston Pkwy Houston, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 18,515 SF retail strip center in Harris County, TX.; Built in 2008.; Five spaces available, ranging from 1,032 SF to 6,544 SF.
    Request Owner's contact information
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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
    9370-9380 Sam Houston Pkwy Houston, TX 77099
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    We can help!
    Listing Contact
    Jim Bayne
    Jim Bayne
    Real Estate License ID: TX 353979
    Learn more
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