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    403 Highway 6 Sugar Land, TX 77478

    Sponsored
    For Lease
    Contact for pricing

    Prime Sugar Land retail space available.

    Lot size:
    4,758 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional retail opportunity presents 4,758 square feet of vacant space in the Shops at Sugar Crossing, a neighborhood strip center located at 403 Hwy 6 in Sugar Land, Texas, zip code 77478. Built in 2005, this property offers in-line spaces ranging from a minimum of 982 square feet to a maximum contiguous space of 1,376 square feet, perfect for a variety of retail businesses. The center provides ample parking with a ratio of 8.42 spaces per 1,000 square feet. The property is conveniently located in Fort Bend County, offering excellent accessibility and visibility. The entire 4,758 square feet is currently available for immediate lease. There are no elevators on site. This is an ideal location for businesses seeking high-traffic exposure in a thriving Sugar Land community. The property's prime location and ample space make it a compelling investment opportunity for discerning tenants. Contact us today to learn more about leasing this exceptional retail space.

    Property Features for 403 Highway 6

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,758 SF

    Building Details

    Year Built
    2005

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,376 SF
    Space
    Suite G
    Size
    1,200 SF
    Space
    Suite D
    Size
    1,200 SF
    Space
    Suite A-1
    Size
    982 SF

    We can help!

    Listing Contact
    Tyler Reiley
    Tyler Reiley

    Learn more

    HighLights

    • 982‑1,376 SF of immediately available second‑generation retail space.
    • Highway 6 frontage with high visibility and over 39,000 VPD.
    • Southeast corner of Highway 90 and Highway 6 in Sugar Land's First Crossing mixed‑use development.
    • Shadow‑anchored by Walmart and Sam's Club with ample shared parking.
    • Excellent access from Highway 6 and University Blvd with multiple ingress/egress points.
    • Strong retail corridor near Lake Pointe, Sugar Land Towne Square, and First Colony Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Russo's New York ... Pizza Restaurant Imperial Cigar Cigar Shop R Beauty Salon Best Barber Fade Barber Shop Baloch Grill & Desserts Ice Cream Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Land
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6435358
    Latitude
    29.6106049

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    FAQs

    What type of property is this?
    Retail property - Prime Sugar Land retail space available.
    Where is this retail property located?
    The property is located at 403 Highway 6 Sugar Land, TX.
    What are key features of this property?
    This property features: 982-1,376 SF of immediately available second-generation retail space.; Highway 6 frontage with high visibility and over 39,000 VPD.; Southeast corner of Highway 90 and Highway 6 in Sugar Land's First Crossing mixed-use development.
    Request Owner's contact information
    403 Highway 6 Sugar Land, TX 77478
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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
    403 Highway 6 Sugar Land, TX 77478
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    We can help!
    Listing Contact
    Tyler Reiley
    Tyler Reiley
    Real Estate License ID: TX 532547
    Learn more
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