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

    University Blvd & L J Pkwy Sugar Land, TX 77479

    • Neighborhood centers
    • 165,079 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 University Blvd & L J Pkwy

    Property size
    165,079 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    The Village at Riverstone, located at the intersection of University Blvd and L J Pkwy in Sugar Land, Texas (zip code 77479), presents a unique investment opportunity in a thriving retail environment. This 165,079 square foot strip center boasts four suites, offering flexible space options ranging from a minimum of 1,381 square feet to a maximum contiguous space of 3,036 square feet. Currently, 7,257 square feet are available for lease. The property is situated within Fort Bend County, benefiting from its strong economic growth and robust demographics. Its strategic location within the rapidly expanding Riverstone master-planned community, anchored by a Kroger grocery store, ensures high visibility and significant foot traffic. This makes it an ideal location for a variety of retail businesses seeking to capitalize on the area's burgeoning population and consumer spending. The property's multiple suite configuration allows for diverse tenancy options, catering to a range of business needs and sizes. This prime retail space offers exceptional potential for investors seeking a strong return on investment in a high-demand market. The property's location within the Riverstone community, known for its rapid growth, provides a significant advantage in attracting customers and building a successful business.

    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

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    • Value Estimation by Request
      1.59 Acres

      University Blvd. & Telfair Ave

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      9,772 SF

      18806 Noble 7 Ln

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      9,316 SF

      4907 Sandhill Dr

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      317,331 SF

      19900 Southwest Fwy

      Retail properties • 317,331 SF
      19900 Southwest Fwy, Sugar Land, TX 77479
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    • Value Estimation by Request
      17,467 SF

      13582 University Blvd

      Land • 17,467 SF
      13582 University Blvd, Sugar Land, TX 77479
      View Details

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    Similar Nearby for Lease

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      University Commons Retail Space

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      Lexington Square Retail Center

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      165,079 SF

      Sugar Land Retail Center Opportunity

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      0 University Blvd & L J Pkwy, Sugar Land, TX 77479
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    • $23 SF/Yr
      41,955 SF

      New Territory Retail Space Available

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      317,331 SF

      Riverpark Shopping Center: Sugar Land

      Retail space available, prime Sugar Land location.
      19900 Southwest Fwy, Sugar Land, TX 77479
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    Sugar Land, TX 77479
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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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