11921 Bissonnet StHouston, TX 77099

Property Details for 11921 Bissonnet St

Year built

1984

Construction

STEEL FRAME

Lot size

1.93 AC

Property size (Sq ft)

13,605 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1157800000005

APU

1157800000005

Description

This exceptional mixed-use property, Royal Center, located at 11921 Bissonnet St, Houston, Texas 77099, presents a compelling investment opportunity. Priced at $10,000,000, this 55,420 square foot building boasts a 4.53% cap rate and a Net Operating Income (NOI) of $452,707. The property features a diverse mix of 22 tenants operating under month-to-month leases, providing flexibility and potential for future income growth. Its prime location in Harris County offers excellent visibility from Bissonnet St and convenient access to major highways and public transportation, ensuring high traffic and accessibility. The strong demographic profile of the surrounding area, coupled with thriving businesses, guarantees a steady stream of potential customers. This owner-user investment opportunity is ideal for those seeking a stable return and long-term growth potential. The $180.44 price per square foot reflects the property's value and potential for appreciation. The building's prominent signage and diverse tenant mix contribute to its overall attractiveness and profitability. This is a rare chance to acquire a well-established, high-performing mixed-use asset in a dynamic Houston market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,095,900

  6.5%

  $3,780,831

  7%

  $3,510,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,067,582

  Geo Method

  $10,264,466

• Alternative Use

  Use

  Valuation

  Residential

  $3,189,272

  Hospitality

  $2,921,356

  Educational

  $2,430,534

  Medical

  $2,514,124

  Retail

  $3,780,831

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6741

Longitude

-95.5892

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].