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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Strip malls
7960 Long Pt Rd, Houston, TX 77055-3502
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2726179
Property summary
AI-generated overview
This exceptional investment opportunity presents Long Point Plaza, a 39,910-square-foot shopping center located at 7960 Long Point Rd, Houston, TX 77055. Built in 2002 and renovated in 2015, this single-story building boasts a prime location in the heart of Spring Branch, experiencing high traffic volume with 17,725 cars daily on Long Point Road and 20,635 on Wirt Road. The property is 100% occupied by a strong national tenant mix: Dollar Tree and Goodwill Industries. Both tenants have a significant presence in the Greater Houston area, with Dollar Tree operating over 150 stores and Goodwill over 90, demonstrating market stability and a loyal customer base. The center benefits from excellent demographics, with a population of 142,403 within 3 miles and 394,994 within 5 miles, and average household incomes exceeding $102,927 within 3 miles and $117,965 within 5 miles. The asking price is $8,800,000, representing a 6.58% cap rate. This property offers a compelling investment opportunity in a thriving area experiencing significant residential growth. The lease type is NNN (Net, Net, Net), and the property is offered as a multi-tenant retail investment.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
CONCRETE BLOCKS
Total area
45,593 SF
Lot
3.92 ac (170,790 SF)
APN
1205270010006
UPID
US82-2726179
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
Current use
Occupant on record · Public records
-
Dollar Tree Home Decor Store Department Store
-
Goodwill section center Shopping Center & Mall
-
Goodwill Outlet Store & Donation Center Discount Store
-
Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.26M
Owner & transaction history
Kssf Longpoint LLC · 10 yrs held
Kssf Longpoint LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+55.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Current use
MEDICAL BUILDING
$1,880,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$82,232
Tax year 2022
Assessed value
$8,289,623
Assessed 2024
Previous assessed
$7,799,863
+6.3% YoY
Effective rate
0.99%
On assessed value
Assessed land
$5,540,775
Assessed improvement
$2,748,848
Land market value
$5,540,775
Improvement market value
$2,748,848
Total market value
$8,289,623
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
45,593 SF
Lot
3.92 ac (170,790 SF)
APN
1205270010006
UPID
US82-2726179
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Kssf Longpoint LLC
Entity
Free & Clear · 10 yrs held
Mailing address
10050 NWNW FWY STE #101, HOUSTON, TX 77092-8619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2016
—
Kssf Longpoint LLC
Murphy Oil USA INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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