11150 Airline DrHouston, TX 77037

Property Details for 11150 Airline Dr

Year built

2017

Construction

METAL FRAME

Lot size

1.99 AC

Property size (Sq ft)

8,580 SF

Property type

Retail properties

Property subtype

Retail space

APN

1221840010001

APU

1221840010001

Description

This exceptional Houston property presents a compelling value-add investment opportunity. Located at 11150 Airline Dr, Houston, TX 77037, this 8,400 square foot retail/industrial building sits on a 2.03-acre lot. Built in 2017, the existing structure features four bathrooms, four AC units, individual electrical meters, and approximately 25-foot clear heights. The metal building is currently 40% occupied, offering immediate cash flow potential for an owner-user. Approved plans exist for developing two additional buildings, totaling approximately 21,000 square feet, expanding the total potential square footage to approximately 29,400 square feet. The unrestricted zoning in an opportunity zone, combined with existing gas, water, and sewage infrastructure, makes this a highly attractive development prospect. The asking price is $2,395,000, with a price per square foot of $285. This property is ideal for an owner-user seeking retail or industrial space, or for a developer looking to capitalize on the significant expansion potential in a prime Houston location. The property's location in Harris County, with its thriving economy and large population, further enhances its investment appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $3,284,808

  6.5%

  $3,032,130

  7%

  $2,815,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,906,515

  Geo Method

  $6,473,291

• Alternative Use

  Use

  Valuation

  Residential

  $2,557,716

  Hospitality

  $2,342,854

  Educational

  $1,949,227

  Medical

  $2,016,264

  Retail

  $3,032,130

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9181

Longitude

-95.405

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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