Cutten Road Shopping Plaza
For Sale
Contact for pricing
12723 Cutten Rd, Houston, TX 77066
Newly constructed retail and office plaza with high traffic visibility.
Property Size11,150 SF
Lot Size0.91 Acres
Price / SF$251.12
Days on Market1243
Property Features for 12723 Cutten Rd
General Information
Standard status
Active
Size
11,150 SF
Total Parking Spaces
36
Lot size
0.91 Acres
Property subtype
Office, Retail
Zoning
F1 - Commercial
Occupancy
66%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2019
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
GT Capital
Listed By:
Logan Zhou · License #TX 0639394
Source:
Crexi
Added: May 26, 2023
Changed: Oct 16
Last Checked: Oct 19 at 6:02AM
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 GT Capital
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Cutten Road Shopping Plaza, located at 12723 Cutten Road, Houston, TX 77066, presents a commercial real estate investment opportunity. This newly constructed property, completed in 2019, offers retail, restaurant, and office spaces. The plaza is strategically positioned at the intersection of FM 1960 and Cutten Road. The property features a low-maintenance structure and includes a signed Marco's Pizza lease with annual rent escalations. Seller financing is available for this fee simple ownership property, offering a turnkey investment option. The property provides 11,150 square feet of leasable space on a 39,422 square foot land area. Ample parking is available, with a ratio of 3.20 spaces per 1,000 square feet. The location benefits from high traffic counts, with approximately 14,461 vehicles per day on Cutten Road and approximately 50,064 vehicles per day on FM 1960 West. The property offers visibility and accessibility with three access points.
Key Highlights
- Prime location at the intersection of FM 1960 and Cutten Rd with high traffic counts.
- Newly constructed property (built in 2019) with low maintenance structure.
- Signed Marco's Pizza lease with attractive annual rent escalations in place.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,190
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,023,800
$3.0M
Cap Rate 7%
$2,159,857
$2.2M
Cap Rate 9%
$1,679,889
$1.7M
Market Conditions
NOI Build-Up for 11,150 SF
Gross rent
$228.8K $20.52/SF
− Vacancy
−$12.8K −$1.15/SF
EGI
$216.0K $19.37/SF
− OpEx
−$64.8K −$5.81/SF
NOI
$151.2K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,023,800
Cap Rate 7%
$2,159,857
Cap Rate 9%
$1,679,889
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $151,190 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,700 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,897
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77066, TX
34,443
Population
12,156
Households
2.8
Avg Household Size
35
Median Age
20%
College-Educated
77%
High-School Grad
8.6 sq mi
ZIP Area
4,005
Density / Sq Mi
$83,545
Median Household Income
$36,865
Median Earnings
$1,396
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Willowbrook Plaza — 17355 Tomball Pkwy, Houston, TX 77064
- Greenwillow Shopping Center — 17375 Tomball Pkwy, Houston, TX 77064
- Willowbrook Court — 17776 TX-249, Houston, TX 77064
- Willowbrook Mall — 2000 Willowbrook Mall, Houston, TX 77070
- Abhore — Willowbrook Mall, Houston, TX 77064, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Newly constructed retail and office plaza with high traffic visibility.
Where is this shopping center located?
The property is located at 12723 Cutten Rd Houston, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Prime location at the intersection of FM 1960 and Cutten Rd with high traffic counts.; Newly constructed property (built in 2019) with low maintenance structure.; Signed Marco's Pizza lease with attractive annual rent escalations in place.
