1301 Sandy Ln Baytown, TX 77520
This 12,900 square foot, single-story Class B shopping center in Baytown, TX, presents a compelling investment opportunity. Located at 1301 Sandy Ln (APN 0410740030085), this stabilized property boasts seven credit-rated tenants under NNN leases with a remaining term of four years (five-year initial term). The property features 12 units, 45 parking spaces, and a diverse tenant mix including a church and event center. Built in 1970 and fully renovated in 2022, the center enjoys 100% occupancy as of November 1, 2023, generating a Net Operating Income (NOI) of $104,040 and an 8.67% cap rate. The asking price is $1,050,000. Rent bumps are included in the lease agreements. This prime location in Harris County offers high visibility and significant foot traffic, making it an ideal investment for long-term growth and profitability. The property's strong tenant base, attractive cap rate, and recent renovations make it a highly desirable asset in the thriving Baytown market. This is a full ownership opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.