1203 34Th StHouston, TX 77018

  • Retail properties
  • 9,400 SF
For Lease
$40/SF/YR View listing

Property Details for 1203 34Th St

Year built
1965
Construction
STEEL FRAME
Lot size
0.79 AC
Property size (Sq ft)
9,400 SF
Property type
Retail properties
Property subtype
Strip malls
APN
580930000010
APU
580930000010

Description

This exceptional retail opportunity is located at 1203 W 34th St, Houston, TX 77018, at the southwest corner of W 34th St and Alba Rd in the Garden Oaks submarket. The property consists of a single, renovated (2019) building totaling 8,000 square feet, currently offering 3,172 square feet of vacant space. The available space is divisible to a minimum of 1,000 square feet and can accommodate up to 3,172 contiguous square feet, making it ideal for a variety of uses including medical, restaurant, veterinary, daycare, boutique fitness, or service businesses. The center benefits from ample parking with 60 spaces available. Current co-tenants include Slowpokes Coffee, The Core Lab Pilates, and a general dentist, providing strong synergy and foot traffic. The location boasts high-end demographics, with average household incomes exceeding $172,000 within a one-mile radius. Furthermore, the proximity to a recently completed Class A multi-family development by Hines and a concentration of 100,000 employees within a three-mile radius ensures robust daytime traffic and a large potential customer base. This prime end-cap space presents a unique opportunity to establish a thriving business in a vibrant and affluent Houston neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,829,949
    6.5%
    $2,612,261
    7%
    $2,425,671
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,501,306
    Geo Method
    $7,091,950
  • Alternative Use

    Use
    Valuation
    Residential
    $2,203,540
    Hospitality
    $2,018,431
    Educational
    $1,679,311
    Medical
    $1,737,065
    Retail
    $2,612,261
1203 34Th St, Houston, Texas

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8169
Longitude
-95.4206
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$47,244
$1,382,400
$905,437
$2,287,837
-
$1,382,400
$905,437
$2,287,837

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