Sablechase Plaza — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Houston, TX 77014
  • Year built: 1984

Photos

Sablechase Plaza — Sale in Houston, TX, photo 1 of 5
Sablechase Plaza — Sale in Houston, TX, photo 2 of 5
Sablechase Plaza — Sale in Houston, TX, photo 3 of 5
Sablechase Plaza — Sale in Houston, TX, photo 4 of 5
Sablechase Plaza — Sale in Houston, TX, photo 5 of 5

Investment Figures

Cap rate
7.52%

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

Marcus & Millichap is pleased to exclusively list for sale Sablechase Plaza, located at 13712 Walters Road in Houston, Texas. This 12,980-square-foot retail center is located on the hard, signalized corner of Walters Road and Sablechase Drive. The subject property is 100 percent occupied, accommodating five tenants. Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time. Investment Highlights: • Attractive Going-In Cap Rate • Diversified, Service-Based Tenant Mix • Located on Hard, Signalized Corner Walters Road and Sablechase Drive • Contractual Rent Growth • Priced Below Replacement Cost

Market Context

This retail in Houston, TX is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1984. Compare it against other retail listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.

Its 7.5% asking cap rate is in line with the Houston retail market average of about 7.5%. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Houston?
About 7.5% as of Q1 2026, per multiple brokerage reports.
Is the Houston retail market tightening or softening?
Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).

Contact

Explore this market

Similar Retail Business for Sale in Houston, TX