410 Fairmont PkwyLa Porte, TX 77571

Property Details for 410 Fairmont Pkwy

Year built

1984

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

15,149 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

241900130005

APU

241900130005

Description

This exceptional retail opportunity is located in the vibrant Laporte Retail Center, situated in Harris County. The center boasts a strong tenant mix, currently including a daycare, dance studio, and dentist, ensuring consistent foot traffic and a thriving community atmosphere. Two spaces are immediately available, offering flexible layouts to suit a variety of businesses. One space, totaling 1,100 square feet, was previously occupied by a chiropractic practice for fifteen years, offering a ready-made layout with existing office spaces and a bathroom. This space features an open front area, ideal for customer interaction. The second available space comprises 1,000 square feet, also featuring an open front area with additional office space and a bathroom in the rear. Both spaces are adaptable and can be customized to meet specific business needs. The center offers multiple suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 2,000 square feet. The property's strategic location across from La Porte High School and en route to Sylvan Beach Recreational Park and Beach areas provides excellent visibility and accessibility, attracting a diverse customer base. This is a rare opportunity to establish a business in a well-established center with a proven track record of success. The total building comprises six suites. A total of 2,000 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $4,560,734

  6.5%

  $4,209,908

  7%

  $3,909,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,642,690

  Geo Method

  $11,429,357

• Alternative Use

  Use

  Valuation

  Residential

  $3,551,216

  Hospitality

  $3,252,894

  Educational

  $2,706,370

  Medical

  $2,799,446

  Retail

  $4,209,908

Location Insight

City

La Porte

County

Harris

State

Texas

Latitude

29.6523

Longitude

-95.0152

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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