7414 Long Point RdHouston, TX 77055

  • Retail space
  • 3,904 SF
For Lease
$19/SF/YR View listing

Property Details for 7414 Long Point Rd

Year built
1968
Construction
FRAME
Lot size
0.70 AC
Property size (Sq ft)
3,904 SF
Property type
Retail space
APN
821660000016
APU
821660000016

Description

This exceptional 3,604 square foot commercial property, located in the thriving Spring Branch submarket of Harris County, presents a unique investment opportunity. Situated on a 0.7-acre lot (30,400 square feet), this single-story, 1968-built building offers versatile space suitable for retail, restaurant, or medical office use. The property boasts excellent visibility and accessibility, with 45 parking spaces and prime frontage on heavily trafficked Long Point Road, experiencing an estimated 22,000 vehicles per day. Its strategic location provides easy access to major thoroughfares including I-10, Highway 290, and the 610 Loop, and is conveniently situated near the future Texas Bullet Train terminal. The property is zoned for commercial use (APN: 082-166-000-0016) and benefits from a dense demographic and high growth rate in the surrounding Spring Branch, Hedwig Village, Spring Valley, and Memorial City areas. Currently vacant, this property offers a blank canvas for a variety of businesses to capitalize on the underserved market. Annual property taxes are $6.48 per square foot. The cross street is Harland. This is a rare chance to establish a presence in one of Houston's most dynamic and rapidly developing neighborhoods. Further details are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $945,886
    6.5%
    $873,125
    7%
    $810,759
  • Comparable approach

    Method
    Valuation
    Relative Method
    $600,129
    Geo Method
    $1,215,570
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,737,200
    Mixed-Use / Specialty
    $856,063
    Hospitality / Lodging
    $609,904
    Office
    $836,448
    Institutional / Educational
    $884,975
    Residential Income
    $1,035,420
    Multifamily
    $1,319,160
    Automotive / Energy
    $758,550
    Parking / Income-Based Land
    $275,548
    Restaurant / Food Service
    $415,474
    Healthcare / Senior Housing
    $892,182

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8032
Longitude
-95.4768
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,714
$1,064,000
$234,831
$1,298,831
-
$1,064,000
$234,831
$1,298,831

FAQs

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