1530 Kenforest Dr, Missouri City, TX 77489
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
X · Missouri City, TXMissouri City. Always verify with local authorities before improvements.
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.