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15948 Post Oak Rd 17,750 SF Retail Building Houston, TX 77053 $5,999,360 CAD ($337.99 CAD/SF) 4.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy day time traffic
- 100% Occupied
- lots of nature lights
- Cash Offers !
EXECUTIVE SUMMARY
King Plaza Shopping Center - Good neighborhood Strip Center sitting on approx. 84,824 square feet tract and consisting of approximately 17,650+/- square feet leasable area. The Center is extremely well located 3 minutes South of South Sam Houston Tollway (Beltway 8) in Harris County, Texas
Good upset and potential.
Adjacent land - Tract II - Approx.28,340+/- square feet at North of the Strip Center
Good upset and potential.
Adjacent land - Tract II - Approx.28,340+/- square feet at North of the Strip Center
FINANCIAL SUMMARY (PRO FORMA - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$351,339
|
$19.79
|
| Other Income |
$16,240
|
$0.91
|
| Vacancy Loss |
$16,242
|
$0.92
|
| Effective Gross Income |
$351,338
|
$19.79
|
| Taxes |
$53,238
|
$3.00
|
| Operating Expenses |
$64,507
|
$3.63
|
| Total Expenses |
$117,745
|
$6.63
|
| Net Operating Income |
$233,593
|
$13.16
|
FINANCIAL SUMMARY (PRO FORMA - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $351,339 |
| Annual Per SF | $19.79 |
| Other Income (CAD) | |
|---|---|
| Annual | $16,240 |
| Annual Per SF | $0.91 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,242 |
| Annual Per SF | $0.92 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $351,338 |
| Annual Per SF | $19.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $53,238 |
| Annual Per SF | $3.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $64,507 |
| Annual Per SF | $3.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $117,745 |
| Annual Per SF | $6.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $233,593 |
| Annual Per SF | $13.16 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,750 SF
Building Class
B
Year Built
2000
Price
$5,999,360 CAD
Price Per SF
$337.99 CAD
Cap Rate
4.99%
NOI
$299,270 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
Commercial
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Le Seafood
- Retailer
- 1,700 SF
- -
- Full Service
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Le Seafood | Retailer | 1,700 SF | - | Full Service | - |
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 6200-02-000-0205-907 | Total Assessment | $2,408,086 CAD (2025) |
| Land Assessment | $205,210 CAD (2025) | Annual Taxes | $53,238 CAD ($3.00 CAD/SF) |
| Improvements Assessment | $2,202,876 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
6200-02-000-0205-907
Land Assessment
$205,210 CAD (2025)
Improvements Assessment
$2,202,876 CAD (2025)
Total Assessment
$2,408,086 CAD (2025)
Annual Taxes
$53,238 CAD ($3.00 CAD/SF)
Tax Year
2022
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15948 Post Oak Rd
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