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    Property profile & analytics
    OFF-MARKET Estimated value $1,135,000
    Commercial real estate

    1530 Kenforest Dr, Missouri City, TX 77489

    14,710 SF 1.07 ac lot Built 1980
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-2220294
    Property summary
    AI-generated overview

    This exceptional 14,720-square-foot retail strip center in Missouri City, Texas, presents a compelling investment opportunity. Boasting a 6.04% cap rate and a strong net operating income (NOI) of $173,808, this property offers substantial financial returns. The single-story, 1980-built building sits on a 1.07-acre lot and features 10 units with 90% occupancy across nine tenants. The property benefits from a prime location on Kenforest Dr in Missouri City (77489), offering excellent visibility and accessibility. Its proximity to Texas Pkwy, the HCC campus, Discount Tire, and expanding residential areas ensures consistent foot traffic and strong potential for future growth. The ample 62-space parking lot caters to both tenants and customers. The property is zoned for retail use and offers pylon signage opportunities. This well-maintained Class C center presents a rare chance to acquire a stable, high-performing asset in a thriving market. The property's strong tenant base, many of whom are long-term, contributes to its consistent income stream. This mixed-use property is a turnkey investment ready for immediate returns. The asking price is $2,880,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1980
    Total area 14,710 SF
    Lot 1.07 ac (46,740 SF)
    Zoning code X
    APN 0264-00-000-0116-907
    UPID US82-2220294
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    Richard Bill Series LLC - D · 1 yrs held
    Richard Bill Series LLC - D
    since 2025
    4 recorded transactions
    2025
    2025
    2021
    2018
    Zoning & alternative use
    X · Missouri City, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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