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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 may produce more Rental Income as Rent 2 Own Trailers

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $374,327 $21.09
Other Income $17,226 $0.97
Vacancy Loss - -
Effective Gross Income $391,552 $22.06
Taxes $47,583 $2.68
Operating Expenses $44,309 $2.50
Total Expenses $91,892 $5.18
Net Operating Income $299,660 $16.88

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $374,327
Annual Per SF $21.09
Other Income (CAD)
Annual $17,226
Annual Per SF $0.97
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $391,552
Annual Per SF $22.06
Taxes (CAD)
Annual $47,583
Annual Per SF $2.68
Operating Expenses (CAD)
Annual $44,309
Annual Per SF $2.50
Total Expenses (CAD)
Annual $91,892
Annual Per SF $5.18
Net Operating Income (CAD)
Annual $299,660
Annual Per SF $16.88

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,900 SF
Building Class
B
Year Built
2001
Price
$5,935,118 CAD
Price Per SF
$314.03 CAD
Cap Rate
5.05%
NOI
$299,516 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
75 Spaces (3.97 Spaces per 1,000 SF Leased)

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 -
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
6200-02-000-0205-907
Land Assessment
$201,009 CAD (2025)
Improvements Assessment
$2,157,774 CAD (2025)
Total Assessment
$2,358,783 CAD (2025)
Annual Taxes
$47,583 CAD ($2.52 CAD/SF)
Tax Year
2026
  • Listing ID: 20582561

  • Date on Market: 2020-08-10

  • Last Updated:

  • Address: 15948 Post Oak Rd, Houston, TX 77053

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