13502 Almeda RdHouston, TX 77053

Property Details for 13502 Almeda Rd

Year built

1970

Construction

WOOD FRAME

Lot size

0.81 AC

Property size (Sq ft)

9,600 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

150030100021

APU

150030100021

Description

This 8,640 square foot warehouse building, situated on a 3.5-acre lot (35,083 sq ft) in Houston, Texas, presents a unique investment opportunity. Built in 1970 and extensively renovated in 2023, the single-story structure offers flexible space, divisible down to 2,880 square feet, with a maximum contiguous space of 8,640 square feet. The property boasts excellent visibility and accessibility, making it ideal for various uses, including retail, restaurant, and warehouse operations. An end-cap space is particularly well-suited for a fast-food restaurant, potentially accommodating a drive-thru. The property includes 23 parking spaces. Property taxes are $2.15 per square foot. Located at 13502 Almeda Rd, Houston, TX 77053, in Harris County, this versatile property offers significant potential for a variety of businesses. Tenant improvement allowances may be considered based on lease terms, tenant qualifications, and intended use. The property is currently undergoing renovations.

• CAP approach

  CAP return

  Valuation

  6%

  $2,890,161

  6.5%

  $2,667,841

  7%

  $2,477,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,575,802

  Geo Method

  $7,242,843

• Alternative Use

  Use

  Valuation

  Residential

  $2,250,424

  Hospitality

  $2,061,376

  Educational

  $1,715,041

  Medical

  $1,774,024

  Retail

  $2,667,841

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6115

Longitude

-95.4208

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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