12603 Fm 1960 RdHouston, TX 77065

Property Details for 12603 Fm 1960 Rd

Year built

2000

Construction

STEEL FRAME

Lot size

1.75 AC

Property size (Sq ft)

16,398 SF

Property type

Retail properties

Property subtype

Gas stations

APN

1211520010001

APU

1211520010001

Description

This 12,000 square foot retail property, situated on a 1.75-acre lot in Houston, Texas, presents a compelling investment opportunity. Built in 2000, the property boasts a prime location at a high-traffic, signalized intersection, offering exceptional visibility and accessibility. Previously operating as a gas station, car wash, and lube center, the building includes four gas pumps, two underground storage tanks (15,000 and 10,000 gallons), and three oil change bays. A 120-foot conveyorized tunnel car wash, along with ample space for vacuuming and detailing under a large canopy, are also included. The property enjoys a highly desirable location, serving as a pad site to a Target store and surrounded by major retail anchors such as Walmart, Home Depot, Kroger, and Kohl's. Daily traffic counts exceed 72,413 vehicles, further enhancing its commercial potential. The area demographics are equally impressive, with an average household income of $115,828 and over 100,000 households within close proximity. The 2024 daytime population is projected to be 300,989. Furthermore, the property benefits from its proximity to the Northwest Freeway (Highway 290), less than one mile away. Ongoing TxDOT road construction at the intersection is expected to be completed by the end of 2024, promising further improvements to accessibility and visibility. This property offers significant potential for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,936,756

  6.5%

  $4,557,006

  7%

  $4,231,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,107,917

  Geo Method

  $12,371,681

• Alternative Use

  Use

  Valuation

  Residential

  $3,844,005

  Hospitality

  $3,521,088

  Educational

  $2,929,504

  Medical

  $3,030,254

  Retail

  $4,557,006

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9209

Longitude

-95.605

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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