Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    University Blvd & L J Pkwy Sugar Land, TX 77479
    Back to Search
    Property profile & analytics

    University Blvd & L J Pkwy Sugar Land, TX 77479

    View on Map
    • Retail properties & Spaces
    • 165,079 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 University Blvd & L J Pkwy

    Property size
    165,079 SF
    Property type
    Retail properties & Spaces

    Description

    The Village at Riverstone offers a unique retail investment opportunity in Sugar Land, Texas. This vibrant center, located at the intersection of University Blvd and L J Pkwy, boasts a total of 165,079 square feet of commercial space across five suites. Currently, there are four available spaces ranging from a minimum of 1,381 square feet to a maximum contiguous space of 3,036 square feet, totaling 8,307 square feet of vacant space. The property is situated within Fort Bend County, zip code 77479, and benefits from its strategic location within Riverstone, a rapidly expanding master-planned community in the Houston area. This Kroger-anchored development provides excellent visibility and access to a substantial customer base. The property's multiple tenancy structure offers flexibility for a variety of retail businesses seeking to establish a presence in this thriving market. The convenient location and strong demographics make this an attractive opportunity for businesses looking to capitalize on the growth of Riverstone and the surrounding area. This is an exceptional chance to secure prime retail space in one of Houston's most dynamic communities. Detailed floor plans and lease terms are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Land
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5855
    Latitude
    29.5489

    Comparable in this City

    • Value Estimation by Request
      134,679 SF

      4711-4989 Sweetwater Blvd

      Neighborhood centers • 134,679 SF
      4711-4989 Sweetwater Blvd, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      1.59 Acres

      University Blvd. & Telfair Ave

      Restaurants • 28,500 SF
      0 University Blvd. & Telfair Ave, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      17,467 SF

      13582 University Blvd

      Land • 17,467 SF
      13582 University Blvd, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      317,331 SF

      19900 Southwest Fwy

      Retail properties & Spaces • 317,331 SF
      19900 Southwest Fwy, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      9,772 SF

      18806 Noble 7 Ln

      Retail properties & Spaces • 9,772 SF
      18806 Noble 7 Ln, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      9,316 SF

      4907 Sandhill Dr

      Medical Office Space • 9,316 SF
      4907 Sandhill Dr, Sugar Land, TX 77479
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,768 SF

      Sugar Land Retail Center Investment

      Fully occupied retail center in Sugar Land, TX for sale.
      2600 Cordes Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      6,106 SF

      Medical Office Across From Hospital

      Move-in ready medical office space in Sugar Land's medical district.
      3519 S Town Center Blvd S, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      1,248 SF

      New Office Condo in Sugar Land

      Modern office condo built in 2020, ready for immediate use.
      800 Bonaventure Way, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      38,792 SF

      Business Park with Multiple Buildings

      Three-building business park available for sale.
      2803-2819 Imperia Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      13,858 SF

      Sugar Land Kids 'R' Kids

      13,858 SF Texas facility with long-term NNN lease.
      8202 Homeward Way, Sugar Land, TX 77479
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Commercial land available for lease in Sugar Land, Texas.
      13582 University Blvd, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Sugar Land, Texas.
      1226 Museum Square Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Mixed-Use Space in Sugar Land

      Live-work-play environment with walkable amenities in Sugar Land Town Square.
      2245 Texas Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Space in Greatwood community near hospital and schools.
      6560 Greatwood Pkwy, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Mixed-Use Property in Sugar Land

      Mixed-use property with walkable amenities in Sugar Land Town Square.
      2150 Town Square Pl, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Sugar Land, Texas.
      5720 New Territory Blvd, Sugar Land, TX 77479
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    University Blvd & L J Pkwy
    Sugar Land, TX 77479
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    University Blvd & L J Pkwy, Sugar Land, TX, 77479
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!