3503 South Sam Houston Pkwy East Houston, TX 77047
Property Lookup
Property profile & analytics
3503 South Sam Houston Pkwy East Houston, TX 77047
- Strip malls
- 29,925 SF
- 5.16 lot acres
Property ID
US83-0562345
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Amco Auto Insurance / Insurance Agency
- Pop Events / Hotel & Motel / Resort
- Elevate Smoke, Vape And Tobacco Shop / (Bike/Boat/Book/etc) Store
- Popeyes Louisiana Kitchen / Restaurant
- Fresh Donuts / Bakery / Discount Store
Property Details for 3503 South Sam Houston Pkwy East
- Year built
- 2017
- Construction
- CONCRETE BLOCKS
- Lot size
- 5.16 lot acres
- Property size
- 29,925 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 1380630010002
- APU
- 1380630010002
Description
This exceptional 16,017-square-foot retail center in Houston, Texas, presents a compelling investment opportunity. Anchored by a Popeyes restaurant operated by an experienced franchisee managing over 125 units, the property boasts 100% occupancy and a strong net operating income (NOI) of $382,416, yielding a 7.40% cap rate. Built in 2018, the center features 90 parking spaces and sits on a 2.18-acre lot, zoned for commercial use. The property benefits from a prime location along a heavily trafficked arterial thoroughfare (over 27,000 vehicles daily), with convenient access to major highways including the Sam Houston Tollway and State Highway 288. Its strategic placement near a significant Amazon distribution center and other national retailers like Kroger, Bass Pro Shops, Chick-fil-A, and Buc-ee's ensures high visibility and strong consumer traffic. The diverse tenant mix, including restaurant and storefront spaces, creates a stable income stream. The asking price is $5,168,000, translating to $322.66 per square foot. The 5-mile trade area boasts over 207,000 residents and 50,000 daytime employees, with an average household income exceeding $105,000. The property's fee simple ownership (land and building) provides complete control and long-term value appreciation potential. The Popeyes location includes a drive-thru, enhancing convenience and sales potential. All leases are triple-net (NNN), minimizing expenses for the owner. This is a rare opportunity to acquire a high-performing, well-located retail center in a thriving Houston market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $885,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,012,000
Market price range: $549k - $1.13M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $825,000 Current use
- RETAIL STORES
- $1,550,000 Change: +87% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3661
- Latitude
- 29.599
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$79,408
$2,699,112
$2,509,946
$5,209,058
-
$2,699,112
$2,509,946
$5,209,058
