Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    112 Avenue Sugar Land, TX 77498

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    112 Avenue Sugar Land, TX 77498

    View on Map
    • Retail properties & Spaces
    • 9.33 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 112 Avenue

    Lot size
    9.33 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional 9.33-acre commercial property in Sugar Land, Texas, presents a unique investment opportunity. Located at the intersection of Highway 90 and Main Street, this strategically positioned land offers unparalleled access to a thriving community. The property is zoned for Planned Development (including Mixed Use), allowing for diverse development possibilities. Situated within the Imperial TIRZ and Imperial Redevelopment District, it benefits from a favorable tax rate of $2.99. All city utilities are readily available. The site is conveniently located outside the flood plain, with no wetlands or pipeline easements. The asking price is $6,098,835, translating to $15 per square foot. Sugar Land boasts a master-planned community with a range of housing options, a strong business climate with easy access to Houston's job market, and a family-friendly atmosphere. High-quality schools in the Fort Bend ISD, the 8th largest in Texas, and extensive recreational facilities, including the Smart Financial Centre and Constellation Field, further enhance the area's appeal. This property is ideal for developers seeking to capitalize on Sugar Land's robust growth and vibrant community. The property is within Sugar Land city limits and offers significant potential for a variety of commercial ventures.

    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
    -95.6373
    Latitude
    29.6252

    Comparable in this City

    • Value Estimation by Request
      18,000 SF

      26 Jim Davidson Dr

      Airport retail • 18,000 SF
      26 Jim Davidson Dr, Sugar Land, TX 77498
      View Details
    • Value Estimation by Request
      1.46 Acres

      10402 Texas 6

      Land • 1 SF
      10402 Texas 6, Sugar Land, TX 77498
      View Details
    • Value Estimation by Request
      1.00 Acres

      15616 Ennis Rd

      Land • 1.00 Acres
      15616 Ennis Rd, Sugar Land, TX 77498
      View Details
    • Value Estimation by Request
      1.78 Acres

      15517 Bellfort Ave

      Land • 1.78 Acres
      15517 Bellfort Ave, Sugar Land, TX 77498
      View Details
    • Value Estimation by Request
      6.51 Acres

      Highway 6

      Land • 6.51 Acres
      0 Highway 6, Sugar Land, TX 77498
      View Details
    • Value Estimation by Request
      1.71 Acres

      Bissonnet St

      Land • 1.71 Acres
      0 Bissonnet St, Houston, TX 77498
      View Details

    Similar Nearby for Sale

    • $1,325,000

      Land with Sports Field

      Land with metal building and sports field available.
      16142 W Bellfort Ave, Sugar Land, TX 77498
      View Details
    • Contact for pricing

      Bissonnet St, Sugar Land, TX 77498

      Commercial land
      Bissonnet St, Sugar Land, TX 77498
      View Details
    • $750,000
      2,800 SF

      Sugar Land Automotive Property For Sale

      Freestanding auto repair facility with high visibility and traffic.
      15330 W Bellfort Ave, Sugar Land, TX 77498
      View Details
    • $2,100,000

      Land Parcel in Sugar Land

      Land parcel in Sugar Land, Texas, ideal for development.
      2701 Charles Ln, Sugar Land, TX 77498
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,910 SF

      Retail Space in Sugar Land

      Retail space available in New Territory Country Shops.
      6350 Highway 90A, Sugar Land, TX 77498
      View Details
    • Contact for pricing

      Retail Space at Gas Station

      Retail space available at a high-traffic gas station location.
      16123 W Bellfort Ave, Sugar Land, TX 77498
      View Details
    • $24 SF/Yr
      975 SF

      Retail Suite Ready to Lease

      Small retail suite with HVAC, restroom, and electrical system.
      5022 Highway 90A, Sugar Land, TX 77498
      View Details
    • Contact for pricing

      Commercial Land Ground Lease Available

      Ground lease available at a high-traffic intersection.
      10402 S Texas 6, Sugar Land, TX 77498
      View Details
    • Contact for pricing

      Versatile Flex Warehouse Space Available

      43,000 SF flex warehouse ideal for various commercial uses.
      16220 W Bellfort Ave, Sugar Land, TX 77498
      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.
    112 Avenue
    Sugar Land, TX 77498
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!