9430 Mesa DrHouston, TX 77028

Property Details for 9430 Mesa Dr

Year built

1965

Construction

CONCRETE BLOCKS

Lot size

0.47 AC

Property size (Sq ft)

3,440 SF

Property type

Gas stations

APN

440240000487

APU

440240000487

Description

This exceptional 1,800 square foot commercial property, situated on a 0.47-acre lot at 9430 Mesa Drive in Houston, Texas, presents a rare investment opportunity. Located at a bustling intersection in Northeast Houston, this corner lot boasts combined daily traffic exceeding 36,820 vehicles. Its strategic position offers excellent visibility and accessibility, with frontage on both Tidwell Road and Mesa Drive, major thoroughfares connecting to I-69 and Business Highway 90. The property benefits from a strong grocery-anchored trade area, surrounded by a successful Fiesta Mart grocery store, a high-end fuel retailer, quick-service restaurants, cell phone retailers, and a KIPP Public School. This established commercial area provides a high volume of foot and vehicle traffic, creating a desirable location for a variety of businesses. The site is one of the last remaining vacant corner lots in this thriving area, making it a highly sought-after opportunity for owner-users or investors seeking a prime location with significant growth potential. The asking price is $1,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,102,697

  6.5%

  $1,017,874

  7%

  $945,169

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,350,974

  Geo Method

  $2,595,352

• Alternative Use

  Use

  Valuation

  Residential

  $858,615

  Hospitality

  $786,487

  Educational

  $654,348

  Medical

  $676,852

  Retail

  $1,017,874

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8497

Longitude

-95.262

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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