5115 Buffalo SpeedwayHouston, TX 77005

Property Details for 5115 Buffalo Speedway

Year built

1999

Construction

BRICK

Lot size

1.70 AC

Property size (Sq ft)

17,465 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1190730000002

APU

1190730000002

Description

This exceptional 16,395-square-foot retail storefront property, built in 2000, is situated on a 1.7-acre lot in Houston, Texas. Located at 5115 Buffalo Speedway, zip code 77005, this single-story center enjoys a highly visible corner location at the intersection of Buffalo Speedway and Westpark Drive, just south of Highway 59. Currently housing Starbucks and Sports Clips, the property benefits from its proximity to a high-performing HEB grocery store and a Kroger across the street. This strategic location draws significant consumer traffic from affluent residential neighborhoods including West University and River Oaks, as well as daytime traffic from the Greenway Plaza submarket and the Texas Medical Center. The property presents a compelling investment opportunity due to its strong performance and potential for rental rate increases. The property's location within Houston's Inner Loop - University submarket ensures consistent demand and high visibility. This is a rare chance to acquire a well-established retail asset in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,257,986

  6.5%

  $4,853,525

  7%

  $4,506,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,505,353

  Geo Method

  $13,176,693

• Alternative Use

  Use

  Valuation

  Residential

  $4,094,130

  Hospitality

  $3,750,201

  Educational

  $3,120,123

  Medical

  $3,227,429

  Retail

  $4,853,525

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.728

Longitude

-95.4272

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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