Louetta Plaza II — Sale in Spring, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Spring, TX 77379

Photos

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Investment Figures

Cap rate
1.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject property is a 17,500 square foot multi-tenant retail center located in Spring, Texas along a corridor carrying 41,000 vehicles per day in the northwest Houston submarket. The center is currently 58% occupied, presenting a lease-up opportunity with a clear path to $350,000 in stabilized NOI at a 11.66% pro forma cap rate. The offering includes a 1-acre pad site with additional development potential. The trade area is anchored by strong income and employment fundamentals. Average household income within one mile is $131,243, with 51% of households earning over $100,000 annually. The five-mile population is 292,275 — up 28% since 2010 and projected to reach 302,617 by 2030. Daytime population within five miles totals 260,399, supported by 152,342 area employees across healthcare, engineering, and professional services. Houston Northwest Medical Center, the submarket's largest single employer at 1,600 employees, is located within the trade area. Investment Highlights: • Value-Add Retail Center | 17,500 SF • Lease-Up Opportunity | 58% Occupancy • 1 Acre Pad Site | $350K Stabilized NOI | 11.66% Pro Forma Cap • 3 Mile Radius | Population - 110,227 | AHHI - $122,032

Market Context

This retail in Spring, TX is listed for sale. It is offered at an approximate 1.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Spring, TX — view the full market.

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