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11092 Fondren Rd Houston, TX 77096

Community centers Google Maps
2,253 SF 1.42 ac lot Built 1980
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
Property ID US82-4117801

Property summary

AI-generated overview

Fondren Marketplace, a vibrant Houston shopping center located at 11092 Fondren Rd, Houston, TX 77096, offers exceptional retail space opportunities. This established center boasts a total of 303,790 square feet of retail space, with multiple tenancies. Currently, there is 60,575 square feet of vacant space available, providing flexibility for businesses of various sizes. Units range from a minimum of 1,600 square feet to a maximum contiguous space of 48,196 square feet, catering to a diverse range of retail needs. The property is conveniently located near Bellfort Blvd., ensuring high visibility and accessibility for customers. This prime location in Houston offers a strong potential for growth and success. The property's size and layout provide ample opportunity for expansion or consolidation, making it an ideal location for both established businesses and new ventures. The available space presents a unique chance to establish a presence in a thriving retail environment. Interested parties are encouraged to inquire about the available spaces and explore the possibilities of becoming part of the Fondren Marketplace community. The property is situated at 29.65662107 latitude and -95.50854149 longitude.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1980
Construction WOOD FRAME
Total area 2,253 SF
Lot 1.42 ac (61,947 SF)
APN 1064060000001
UPID US82-4117801

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Shopping Center & Mall

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2019
7 recorded transactions
2020
Price N/A
2019
Price N/A
2016
Price N/A
2015
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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