11502 Hughes Rd Houston, TX 77089
- Lifestyle centers
- 83,200 SF
Current Use by Public Records
- Nails By Nicole / Nail Salon
- Watermill Express / Bottled Water Supplier / Drinking Water Fountain
Property Details for 11502 Hughes Rd
- Property size
- 83,200 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Sagemont Plaza, located at 11502 Hughes Rd, Houston, TX 77089, presents a compelling value-add investment opportunity. This 83,200 square foot shopping center boasts 26,806 square feet of net rentable space, currently priced at $100 per square foot. The property sits on a large parcel of land, offering significant upside potential. A pro-forma cap rate of 12.03% is projected, yielding a net operating income (NOI) of $325,000. The land value alone is assessed at $32.53 per square foot. The current largest tenants are on month-to-month leases and are open to renewing under new ownership. This property benefits from its convenient location near schools, shopping amenities, and the Beltway 8/I-45 South freeway corridor, ensuring high visibility and accessibility. Owner financing is available, making this a particularly attractive proposition for investors seeking a strong return on investment with significant potential for future growth. The property is being sold on a price-per-square-foot basis.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.2157
- Latitude
- 29.5995
