5206 Airline DrHouston, TX 77022

Property Details for 5206 Airline Dr

Year built

1964

Construction

BRICK

Lot size

1.53 AC

Property size (Sq ft)

26,606 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

700950050001

APU

700950050001

Description

This exceptional 5,344 sq ft retail/industrial space is situated at 5206 Airline Dr, Houston, TX 77022, a bustling commercial corridor. Part of a larger 17,190 sq ft building on a 1.53 acre lot, this single-tenant property boasts excellent visibility and high foot traffic, ideal for businesses seeking a prominent Houston presence. Built in 1964, this two-story building offers convenient access to major highways and public transportation. The property features ample parking, a diverse tenant mix within the shopping center, and strong demographics. Its prime location ensures maximum visibility and easy accessibility for customers and staff. The well-maintained property offers flexible leasing options, catering to various business needs. The surrounding area is a growing commercial hub with a vibrant community and popular amenities, making it a thriving shopping destination. The property's zoning is commercial, and its APN is 0700950050001. This is a unique opportunity to establish or expand your business in a high-demand location. The property is easily accessible from Burress St. and benefits from a well-designed lot layout accommodating both pedestrian and vehicle traffic.

• CAP approach

  CAP return

  Valuation

  6%

  $8,009,961

  6.5%

  $7,393,810

  7%

  $6,865,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,910,187

  Geo Method

  $20,073,238

• Alternative Use

  Use

  Valuation

  Residential

  $6,236,956

  Hospitality

  $5,713,018

  Educational

  $4,753,164

  Medical

  $4,916,632

  Retail

  $7,393,810

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8423

Longitude

-95.3838

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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