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31109359
31109367

2915, 2955, 2965 South Sam Houston Parkway East, Houston, TX 77047

RB
0266894
Barr Associates Real Estate
Listed by Barr Associates Real Estate
$7,400,000
80 days on market
Updated 71 days ago

Southbelt Plaza

Details
Property Type Mixed Use, Office (+1)
Sub Type Shopping Center, Storefront (+1)
Square Footage 37,500
Units 12
Occupancy 92%
Price per SqFt $197
Year Built 2013-2017
Buildings 3
Stories 1
Acreage 5.270

Southbelt Plaza – Modern Mixed Use Center at 288 and Beltway 8 | Houston, TX 37,500 SF

Marketing description

Southbelt Plaza – Prime Mixed Use Center at SH‑288 & Beltway 8 | Houston, TX 77047

Southbelt Plaza is a modern, high‑performing mixed use center strategically positioned at one of Houston’s most powerful growth corridors: the intersection of State Highway 288 and South Sam Houston Parkway East (Beltway 8). The property consists of three buildings totaling 37,500 SF, built between 2013 and 2017, and situated on 5.27 acres with excellent visibility, strong traffic flow, and direct access to two of Houston’s most important regional arteries. Currently 92% occupied across 12 tenants, the center provides stable income with long‑term upside.

🌆 Local Demographics (3‑Mile Radius – 2915 S Sam Houston Pkwy E)

(Based on 77047 and surrounding SH‑288 corridor data)

  • Population: ~36,274 residents in 77047, with rapid growth driven by new residential communities

  • Population Growth: 70%+ increase since 2010 (reflecting explosive development along SH‑288)

  • Median Household Income: Ranges from $70,000–$95,000 depending on neighborhood pocket

  • Housing Expansion: Significant new single‑family and multifamily development feeding retail demand

The SH‑288 corridor is one of Houston’s fastest‑growing residential zones, with strong consumer spending and a rising daytime population.

🚗 Traffic & Regional Connectivity

Southbelt Plaza benefits from exceptional exposure and access:

  • Beltway 8 (Sam Houston Pkwy E): One of Houston’s highest‑volume loops, with heavy commuter and logistics traffic

  • State Highway 288: Major north–south artery connecting Pearland, the Texas Medical Center, Downtown, and Lake Jackson

  • Intersection of 288 & Beltway 8: A major regional funnel for commuters, freight, and distribution traffic

Note: TxDOT and H‑GAC maintain detailed traffic count databases for both corridors, confirming consistently high volumes year‑over‑year.

🏗️ Surrounded by Major Infrastructure & Growth Drivers

The SH‑288 corridor is undergoing massive commercial and residential expansion. Key demand drivers include:

Immediate Adjacency

  • Amazon Fulfillment Center – Next Door A major employment hub generating thousands of daily trips and supporting strong daytime population.

Regional Growth & Projects

  • Rapid residential expansion along Cullen Blvd, Almeda Rd, and South Post Oak

  • Ongoing commercial development around Beltway 8 & 288, including logistics, service retail, and medical uses

  • Proximity to the Texas Medical Center corridor via 288

  • Continued industrial and distribution growth in the South Houston / Pearland region

This area is one of Houston’s most active development zones, with long‑term appreciation supported by infrastructure investment and population growth.

🏢 Property Specifications

Site & Buildings

  • Total Site Area: 5.27 acres

  • Net Rentable Area: 37,500 SF

  • Buildings:

    • 2915 – Built 2013

    • 2955 – Built 2015

    • 2965 – Built 2017

  • Construction: Slab‑on‑grade with steel framing

  • Exterior: Stone and stucco façade

  • Roof: Flat roof system

Utilities & Systems

  • Electricity: Individually metered; tenants pay directly

  • Water: On‑site well system

  • Sewer: Septic system

  • Detention: On‑site detention

Parking & Access

  • Parking: Approx. 114 paved concrete spaces, including 8 ADA spaces

  • Access:

    • Main entrance from South Sam Houston Pkwy E

    • Two additional rear access drives connecting to Fellows Road at the north boundary

📈 Investment Highlights

  • 92% leased to a diverse mixed use.

  • Modern construction (2013–2017) minimizing near‑term capital expenditures

  • High‑visibility frontage on Beltway 8 with immediate access to SH‑288

  • Adjacent to Amazon Fulfillment Center, a major traffic and employment generator

  • Strong demographics with rapid population and income growth in 77047

  • Located in one of Houston’s fastest‑growing corridors

  • Stable cash flow with upside potential through lease‑up and rent growth

Investment highlights

📌 Investment Opportunity Overview – Southbelt Plaza (SH‑288 & Beltway 8, Houston 77047)

Southbelt Plaza represents a rare opportunity to acquire a modern, stabilized mixed use asset in one of Houston’s fastest‑expanding commercial corridors. The SH‑288 & Beltway 8 submarket has experienced sustained industrial, retail, and residential growth over the past decade, with continued acceleration driven by logistics, medical, and distribution demand. The property’s adjacency to the Amazon Fulfillment Center and proximity to major regional infrastructure positions it for long‑term rent growth and value appreciation.


📈 Historical Market Performance – SH‑288 / Beltway 8 Corridor

1. Explosive Industrial & Logistics Growth

The South Houston industrial market has expanded rapidly, with large‑scale developments such as South Belt Central Business Park, a 3.5 million SF industrial park along Beltway 8.

  • The park reports Phase 1 fully leased, with multiple phases completed and more under construction, demonstrating sustained tenant demand. southbeltcentralbusinesspark.com

  • Beltway 8 frontage sees ~101,971 cars daily, reinforcing the corridor’s strength as a logistics and commuter artery. southbeltcentralbusinesspark.com

This industrial absorption has historically driven daytime population, service‑sector demand, and retail stability—directly benefiting centers like Southbelt Plaza.

2. Steady Retail & Flex Space Demand

Retail and flex properties in the 77047 ZIP code continue to lease quickly, with multiple listings showing active demand for small‑format retail and office suites.

  • Properties along S. Sam Houston Pkwy E and W show consistent leasing activity, including flex and retail spaces ranging from 2,500 SF to 62,742 SF. CityFeet

  • Nearby coworking and office suites highlight strong demand for small‑business and service‑oriented tenants. Showcase

This demonstrates a resilient tenant base and a historically low vacancy environment for well‑located retail centers.

3. Strong Regional Connectivity Driving Growth

The area’s central location—connecting SH‑288, the Texas Medical Center, Pearland, and Downtown Houston—has historically supported rising property values and tenant demand.

  • Multiple listings emphasize the corridor’s strategic access to 288, Medical Center, Pearland & Downtown, reinforcing its long‑term desirability. Showcase


🚀 Forward‑Looking Market Expectations (Next 3–7 Years)

1. Continued Industrial Expansion

With ongoing construction at South Belt Central Business Park and similar developments, the SH‑288/Beltway 8 corridor is expected to remain one of Houston’s top industrial growth zones.

This will continue to increase daytime population and drive demand for retail services, food, medical, and personal care tenants.

2. Rising Retail Demand from Residential Growth

The 77047 area has seen rapid population growth, driven by new single‑family and multifamily developments along Cullen, Almeda, and South Post Oak.

  • As industrial and medical employment expands, retail demand is expected to rise proportionally, supporting rent growth and reduced vacancy risk.

3. Long‑Term Value Appreciation from Infrastructure

The SH‑288 corridor continues to benefit from:

  • Improved Beltway 8 access

  • Proximity to the Texas Medical Center

  • Expanding logistics and distribution hubs

These infrastructure advantages historically correlate with above‑average appreciation in commercial real estate values.

4. Amazon Fulfillment Center as a Permanent Demand Driver

The Amazon facility adjacent to Southbelt Plaza generates:

  • Thousands of daily trips

  • A stable workforce population

  • Increased demand for food, services, and convenience retail

This anchor‑level traffic generator is expected to remain a long‑term stabilizing force for the center.


💼 Why Southbelt Plaza Is a Strong Investment

Stabilized Income + Growth Market

  • 92% occupancy across 12 tenants

  • Modern construction (2013–2017) reduces near‑term capital needs

  • Positioned in a corridor with proven historical absorption and future expansion underway

High‑Barrier, High‑Demand Location

  • Direct frontage on Beltway 8

  • Immediate access to SH‑288

  • Adjacent to Amazon Fulfillment Center

  • Surrounded by industrial, logistics, and medical employment drivers

Strong Demographic & Traffic Fundamentals

  • Rapid population growth in 77047

  • High traffic volumes on Beltway 8

  • Expanding residential and industrial base


📌 Summary for Investors

Southbelt Plaza offers a rare combination of stabilized cash flow, modern construction, and location within one of Houston’s most dynamic growth corridors.
Historical performance shows strong absorption and rising demand, while future projections indicate continued industrial expansion, population growth, and infrastructure investment—all of which support long‑term rent growth and asset appreciation.


Listing Contacts

RB
0266894
Barr Associates Real Estate
Listed by Barr Associates Real Estate

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