102 Hts Blvd Houston, TX 77007-4755
This exceptional 5,922 square foot shopping center, located at 102 Heights Blvd in Houston, Texas, presents a compelling investment opportunity. Built in 2018, the property sits on a 0.45-acre lot and boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $276,014. The asking price is $4,600,248.33. The center is currently home to three tenants, including Shipleys and Mint Orthodontics, all of which are corporate-based businesses providing stability and predictable income streams. The existing leases offer a significant remaining term of 5-10 years, minimizing vacancy risk and ensuring consistent cash flow for the foreseeable future. This centrally located property benefits from its attractive co-tenants and strong tenant base, making it an ideal addition to any diversified real estate portfolio. The property's location in the vibrant Houston market, within Harris County, zip code 77007, further enhances its investment appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with substantial long-term growth potential. The property's strong financials and stable tenancy make it a low-risk, high-reward investment.
-
Park Dentistry for Kids Dental Office
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.