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    14603-14643 Main St Houston, TX 77035
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    14603-14643 Main St Houston, TX 77035

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    • Lifestyle centers
    • 31,100 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 14603-14643 Main St

    Property size
    31,100 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    South Fondren Place, a vibrant retail shopping center located at 14603-14643 South Main Street in Houston, Texas, 77035, presents a compelling investment opportunity. This multi-tenant property boasts a total of 31,100 square feet of retail space, currently offering eight available suites ranging from 900 to 1,200 square feet each. The property's prime location in Houston offers excellent visibility and accessibility for businesses seeking a thriving retail environment. The individual suite sizes provide flexibility for a variety of retail concepts, from smaller boutiques to larger stores. The property's strong location within the Houston market makes it an attractive option for businesses looking to establish or expand their presence. The existing infrastructure is well-maintained and ready for immediate occupancy. This is an exceptional opportunity to acquire a well-positioned retail center in a high-growth area of Houston, offering significant potential for rental income and long-term appreciation. The property's size and layout provide ample space for a diverse range of tenants, creating a dynamic and attractive shopping destination. Interested parties are encouraged to explore this exceptional opportunity to own a piece of Houston's thriving retail landscape. The property is conveniently located and easily accessible, offering significant advantages for both tenants and investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5055
    Latitude
    29.6302

    Comparable in this City

    • Value Estimation
      $2,340,000
      116,181 SF

      4888 Bellfort Ave

      MINI-MALL • 116,181 SF
      4888 Bellfort Ave, Houston, TX 77035-3413
      View Details
    • Value Estimation by Request
      16,584 SF

      10400 Post Oak Rd

      SHOPPING CENTER, STRIP CENTER • 16,584 SF
      10400 Post Oak Rd, Houston, TX 77035-3333
      View Details
    • Value Estimation
      $755,000
      47,824 SF

      12525 Fondren Rd

      SHOPPING CENTER, STRIP CENTER • 47,824 SF
      12525 Fondren Rd, Houston, TX 77035-5252
      View Details
    • Value Estimation by Request
      16,276 SF

      10811 Post Oak Rd

      SHOPPING CENTER, STRIP CENTER • 16,276 SF
      10811 Post Oak Rd, Houston, TX 77035-3101
      View Details
    • Value Estimation by Request
      10,140 SF

      12150 Fondren Rd

      SHOPPING CENTER, STRIP CENTER • 10,140 SF
      12150 Fondren Rd, Houston, TX 77035-4002
      View Details
    • Value Estimation
      $650,000
      28,694 SF

      12515 Fondren Rd

      SHOPPING CENTER, STRIP CENTER • 28,694 SF
      12515 Fondren Rd, Houston, TX 77035-5233
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      14555 Main St, Houston, TX 77035
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      Retail/Office Space For Lease

      Retail and office spaces available for lease.
      10519 S Post Oak Rd, Houston, TX 77035
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      11,300 SF

      Auto Repair Shop For Lease

      Auto repair shop available for lease in Southwest Houston.
      5930 Greencraig Dr, Houston, TX 77035
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      Land Available For Lease

      Land for lease at 12355 Main Street, Houston, TX.
      12355 Main St, Houston, TX 77035
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      2,000 SF

      Warehouse Workshop with Office Space

      2000 SF warehouse with office, gated, and fenced.
      14435 Main St, Houston, TX 77035
      View Details
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    Houston, TX 77035
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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
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