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5555 Tc Jester
About This Property
Positioned for a grocery- or limited-assortment-anchored neighborhood center. Trade area shows documented grocery leakage; 2015 local survey plus 2020–26 food-access data still support demand at this corner. Master site plan in hand: ±33,795 SF multi-tenant retail plus a second ±8,800 SF building, 183–185 parking spaces.
Work already done: WCR capacity reserved and impact fees paid, drainage/mitigation plan, elevation certificate, surveys, and geotech. White Oak Bayou channel improvements are complete. Zone AE / partial floodway-engineer-addressed, not a surprise.
Ideal for a food-store operator, QOF investor, or developer seeking a de-risked infill retail site with residential optionality.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Listed by Keller Williams Premier Realty | $3,000,000 | |
| Listed by Keller Williams Premier Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017