10906 Beamer RdHouston, TX 77089

Property Details for 10906 Beamer Rd

Year built

1970

Construction

CONCRETE BLOCKS

Lot size

0.42 AC

Property size (Sq ft)

5,910 SF

Property type

Retail space

APN

450410000053

APU

450410000053

Description

This 5,200 square foot neighborhood strip center, built in 1970 and renovated in 2022, offers a fantastic opportunity for retail businesses. The property is a single-story Class C building with four suites, and currently has 1,000 square feet of vacant space available for lease. The available space is 1,000 square feet, perfect for a variety of retail uses. The center enjoys excellent visibility on Beamer Road, with convenient access to Beltway 8 and Highway 45 South, less than a mile away. Its location benefits from proximity to an O'Reilly Auto Parts store and is within walking distance of an intermediate school and residential area, ensuring high foot traffic and a strong customer base. Lease terms are flexible, offering 3-5 year options based on tenant creditworthiness. The tenant is responsible for all utilities, property taxes, insurance, common area maintenance (CAM), and HVAC. The annual CAM, tax, and insurance charges are $3.00 per square foot. This is an exceptional opportunity to establish a thriving retail business in a well-established and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,779,255

  6.5%

  $1,642,390

  7%

  $1,525,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,201,353

  Geo Method

  $4,458,875

• Alternative Use

  Use

  Valuation

  Residential

  $1,385,417

  Hospitality

  $1,269,035

  Educational

  $1,055,822

  Medical

  $1,092,133

  Retail

  $1,642,390

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6099

Longitude

-95.2283

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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