Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7960 Long Pt Rd Houston, TX 77055-3502

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7960 Long Pt Rd Houston, TX 77055-3502

    View on Map
    • Strip malls
    • 45,593 SF
    • 3.92 lot acres
    Off-Market
    Property ID
    US82-2726179
    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.
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 7960 Long Pt Rd

    Year built
    2002
    Construction
    CONCRETE BLOCKS
    Lot size
    3.92 lot acres
    Property size
    45,593 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1205270010006
    APU
    1205270010006

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,661,000
      Market price range: $849k - $1.72M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,210,000
      Current use
      MEDICAL BUILDING
      $1,880,000
      Change: +56% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4866
    Latitude
    29.804
    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
    $82,232
    $5,540,775
    $2,748,848
    $8,289,623
    -
    $5,540,775
    $2,748,848
    $8,289,623

    Comparable in this City

    • Value Estimation
      $570,000
      18,537 SF

      9930 Katy Fwy

      SHOPPING CENTER, STRIP CENTER • 18,537 SF
      9930 Katy Fwy, Houston, TX 77055-6212
      View Details
    • Value Estimation
      $810,000
      36,984 SF

      1000 Ww N Loop

      SHOPPING CENTER, STRIP CENTER • 36,984 SF
      1000 Ww N Loop, Houston, TX 77055-7216
      View Details
    • Value Estimation
      $550,000
      23,490 SF

      8532 Hammerly Blvd

      SHOPPING CENTER, STRIP CENTER • 23,490 SF
      8532 Hammerly Blvd, Houston, TX 77055-1414
      View Details
    • Value Estimation by Request
      7,640 SF

      7610 Kempwood Dr

      SHOPPING CENTER, STRIP CENTER • 7,640 SF
      7610 Kempwood Dr, Houston, TX 77055-1360
      View Details
    • Value Estimation by Request
      7,315 SF

      1805 Bingle Rd

      SHOPPING CENTER, STRIP CENTER • 7,315 SF
      1805 Bingle Rd, Houston, TX 77055
      View Details
    • Value Estimation by Request
      15,246 SF

      1200 Blalock Rd

      SHOPPING CENTER, STRIP CENTER • 15,246 SF
      1200 Blalock Rd, Houston, TX 77055-6471
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land on Katy Freeway

      1.17 acres in Houston's affluent corridor, high traffic exposure.
      9210 Katy Fwy, Houston, TX 77055
      View Details
    • Contact for pricing
      7,818 SF

      Turn-Key Ambulatory Surgery Center

      7,818 SF ambulatory surgery center available for sale.
      1233 Campbell Rd, Houston, TX 77055
      View Details
    • Contact for pricing
      25,771 SF

      Industrial Property for Sale

      Industrial property available for sale in Houston, Texas.
      1221 Adkins Rd, Houston, TX 77055
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Spring Branch

      Retail space with frontage on Long Point Road.
      9101-9123 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Retail Space on Katy Freeway

      Shopping center space for rent at Interstate 10 and Wirt.
      1014 Wirt Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Retail Space in Spring Branch

      Retail spaces available in a busy Houston shopping center.
      8118-8130 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Houston Retail Space For Lease

      Retail spaces available in a high-traffic Houston shopping center.
      10002-10086 Long Point Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Houston, TX.
      I-10 & Bunker Hl Rd, Houston, TX 77055
      View Details
    • Contact for pricing

      Retail Space in Houston

      Retail space available in affluent Houston neighborhoods.
      8141 Long Point Rd, Houston, TX 77055
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7960 Long Pt Rd
    Houston, TX 77055-3502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    7960 Long Pt Rd, Houston, TX, 77055

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!