13311 Hargrave RdHouston, TX 77070

Property Details for 13311 Hargrave Rd

Year built

2015

Construction

FRAME

Lot size

1.68 AC

Property size (Sq ft)

24,800 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1307100010002

APU

1307100010002

Description

This exceptional 24,800 square foot multi-tenant building, located at 13311 Hargrave Road in Houston, Texas (zip code 77070), offers a prime opportunity for businesses seeking versatile space. The property is zoned for retail, office, and restaurant uses, currently configured as executive and medical office space. Situated in Harris County, this building boasts excellent visibility on Hargrave Road, providing significant exposure to potential customers. The building features convenient elevator and stairwell access to the second floor, ensuring easy navigation for tenants and their clients. Lease terms are structured as base rent plus NNN charges. The location offers unparalleled accessibility, with easy access to Highway 249 and close proximity to the Sam Houston Tollway/Beltway 8, facilitating seamless commutes for employees and clients. A significant advantage is its adjacency to Houston Methodist Willowbrook Hospital, the largest hospital system in Northwest Harris County, creating a high-traffic area with a substantial potential customer base. Furthermore, the property benefits from its proximity to Willowbrook Mall (approximately one mile northwest) and a dense residential area, with approximately 1,800 residential rooftops within a one-mile radius, ensuring a strong local market. This presents a unique opportunity to establish a thriving business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,958,098

  6.5%

  $7,345,938

  7%

  $6,821,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,748,256

  Geo Method

  $18,710,678

• Alternative Use

  Use

  Valuation

  Residential

  $6,196,573

  Hospitality

  $5,676,028

  Educational

  $4,722,388

  Medical

  $4,884,798

  Retail

  $7,345,938

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9685

Longitude

-95.5527

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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