850 Gibson StJasper, TX 75951

Property Details for 850 Gibson St

Year built

1999

Lot size

1.01 AC

Property size (Sq ft)

13,515 SF

Property type

Commercial real estate

APN

8006900

APU

8006900

Description

Invest in this thriving 13,520 square foot retail center in Jasper County, Texas. Strategically located off Highway 190, this multi-tenant property enjoys a prime position next to Lowe's and directly across from a high-performing Walmart Supercenter, guaranteeing exceptional daily foot traffic. Currently, there are two available spaces, each ranging from 1,405 to 1,600 contiguous square feet, with a total of 4,605 square feet currently vacant. The center boasts a strong tenant mix, including established national and regional brands such as Cato and GameStop, along with Check 'n Go, providing a stable and attractive environment for new businesses. This Walmart shadow center offers an unparalleled opportunity to capitalize on the significant draw of these major retailers. The property's convenient highway access and proximity to a major home improvement store and a high-volume Walmart Supercenter create a high-visibility location with a built-in customer base. This is an ideal location for businesses seeking high visibility and significant foot traffic in a thriving retail environment. The minimum divisible space is 1,405 square feet, offering flexibility for various business needs. Don't miss this chance to secure a space in this successful retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $4,210,610

  6.5%

  $3,886,710

  7%

  $3,609,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,552,710

  Geo Method

  $4,046,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,870,420

  Retail / Commercial

  $3,993,160

  Mixed-Use / Specialty

  $3,945,240

  Hospitality / Lodging

  $2,850,640

  Office

  $3,886,710

  Institutional / Educational

  $4,089,420

  Residential Income

  $4,784,620

  Multifamily

  $5,925,170

  Automotive / Energy

  $3,505,220

  Parking / Income-Based Land

  $1,242,890

  Restaurant / Food Service

  $1,980,060

  Healthcare / Senior Housing

  $4,080,310

Location Insight

City

Jasper

County

Jasper

State

Texas

Latitude

30.9057

Longitude

-94.0168

Property Tax & Assessments

FAQs

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