8650 Houston Rosslyn RdHouston, TX 77088

Property Details for 8650 Houston Rosslyn Rd

Year built

2002

Construction

METAL FRAME

Lot size

0.95 AC

Property size (Sq ft)

14,112 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1227570010001

APU

1227570010001

Description

This 12,600 square foot retail strip center, built in 2002, is located at 8650 N Houston Rosslyn Rd, Houston, TX 77088. The property offers a prime location within the rapidly developing Near Northwest Oaks Submarket of Houston, benefiting from the spillover effect of the successful Inner Loop/Heights Submarket to the south. This area is experiencing significant gentrification, with communities like Acres Home and Independence Heights undergoing rapid transformation. Currently, one retail space of 1,000 square feet is available for lease. The property's multiple tenancy structure provides a diverse tenant mix, reflecting the growing demand in the area. The strategic location within the Near Northwest Oaks Submarket positions this retail center to capitalize on the increasing residential population and consumer spending. The property presents a compelling investment opportunity for businesses seeking to establish a presence in a thriving and dynamic market. The building's 2002 construction date suggests a relatively modern structure, potentially minimizing immediate capital expenditure needs. This retail space offers a chance to be part of a growing community and benefit from the ongoing revitalization of the surrounding neighborhoods. The property's size and location make it suitable for a variety of retail businesses seeking to serve the expanding local population.

• CAP approach

  CAP return

  Valuation

  6%

  $4,248,536

  6.5%

  $3,921,726

  7%

  $3,641,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,256,430

  Geo Method

  $10,646,979

• Alternative Use

  Use

  Valuation

  Residential

  $3,308,123

  Hospitality

  $3,030,223

  Educational

  $2,521,110

  Medical

  $2,607,814

  Retail

  $3,921,726

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.871

Longitude

-95.4905

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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