12224 Almeda RdHouston, TX 77045

Property Details for 12224 Almeda Rd

Year built

1987

Construction

BRICK

Lot size

0.34 AC

Property size (Sq ft)

2,520 SF

Property type

Retail space

APN

1015160000006

APU

1015160000006

Description

This 5,250 square foot, single-tenant retail space is located in Harris County on Almeda Road, offering excellent visibility and ample parking. Built in 2009, this Class B property sits on a 0.344-acre lot and features a single-story building. The space is currently configured as a second-generation retail space, allowing for tenant improvements to suit specific business needs. With a total building size of 5,250 square feet, the property presents a significant opportunity for a variety of retail businesses. The prominent Almeda Road frontage ensures high traffic and excellent exposure to potential customers. The property is ideal for businesses seeking a well-located, adaptable space with strong visibility. Please note that certain business types, including smoke shops and liquor stores, are not permitted. This property offers a unique chance to establish a thriving retail presence in a high-traffic area. The ample parking ensures convenient access for customers and employees. The property's size and location make it suitable for a wide range of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $758,667

  6.5%

  $700,308

  7%

  $650,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $938,648

  Geo Method

  $1,901,246

• Alternative Use

  Use

  Valuation

  Residential

  $590,736

  Hospitality

  $541,111

  Educational

  $450,198

  Medical

  $465,681

  Retail

  $700,308

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6335

Longitude

-95.412

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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