11501 Sam Houston E Pkwy, Humble, TX 77396-4635
This exceptional Class A shopping center presents a compelling investment opportunity in Humble, Texas. The property boasts a 7.35% cap rate based on a strong in-place net operating income (NOI) of $497,172. Encompassing 22,540 square feet across two single-story buildings on a 2.09-acre lot, the center is 100% occupied by seven tenants under absolute NNN leases. These tenants are credit-rated, including franchisees and corporate guarantors, providing significant financial stability. The leases feature a 10-year remaining term with rent bumps and two 5-year lease options, ensuring long-term income growth. Built in 2014 and renovated in 2022, the property offers 115 parking spaces per 1,000 square feet, exceeding typical requirements. Its prime location on 11501 N Sam Houston Pkwy E in Harris County, zip code 77396, benefits from high visibility and traffic counts exceeding 78,000 average daily passing vehicles. The center is strategically positioned across the street from Generation Park, Houston's newest and largest commercial development, further enhancing its value and potential. The asking price is $6,764,245, translating to $300.10 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential in a rapidly growing market. The property is 100% internet resilient.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.