5700 Chimney Rock RdHouston, TX 77081

Property Details for 5700 Chimney Rock Rd

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

1.98 AC

Property size (Sq ft)

32,748 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

370590240048

APU

370590240048

Description

This exceptional retail investment opportunity is located at 5700 Chimney Rock Rd, Houston, Texas, 77081, within the bustling Harris County market. The property, known as Chimney Rock Central, is a multi-tenant shopping center boasting a total of 30,224 square feet of retail space. Currently, there is one available space totaling 1,500 square feet, presenting a unique chance for a business to establish itself in a high-traffic location. The property's strategic location on Chimney Rock Road ensures excellent visibility and accessibility for customers. The shopping center's existing tenant mix contributes to a vibrant and thriving commercial environment. This property is ideal for a variety of retail businesses seeking a well-established location with significant foot traffic potential. The property's size and layout offer flexibility for various retail concepts. This is a rare opportunity to acquire a piece of prime Houston retail real estate in a highly desirable area. The property's strong location and existing infrastructure make it an attractive investment for both established businesses and new ventures. Detailed financial information and lease terms are available upon request. Don't miss this chance to secure a foothold in this thriving Houston market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,859,062

  6.5%

  $9,100,672

  7%

  $8,450,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,197,955

  Geo Method

  $24,707,148

• Alternative Use

  Use

  Valuation

  Residential

  $7,676,758

  Hospitality

  $7,031,869

  Educational

  $5,850,432

  Medical

  $6,051,638

  Retail

  $9,100,672

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7195

Longitude

-95.4769

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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