1815 Mount Houston RdHouston, TX 77038

Property Details for 1815 Mount Houston Rd

Year built

1993

Construction

CONCRETE BLOCKS

Lot size

2.44 AC

Property size (Sq ft)

4,456 SF

Property type

Gas stations

APN

462400000244

APU

462400000244

Description

This exceptional investment opportunity presents a combined convenience store and auto shop totaling approximately 7,336 square feet, situated on a 2.44-acre lot in Houston, Texas. The property boasts a prime location at the signalized intersection of West Mount Houston Road and Ella Boulevard, offering excellent visibility and accessibility. The convenience store, a well-established business operating for over 20 years, currently generates approximately $70,000 in monthly revenue (excluding lottery sales), with an estimated fuel volume of 15,000-20,000 gallons per month. The existing tenant pays $5,200 in monthly rent and has 14 months remaining on their lease, expressing interest in renewal or potential purchase. The auto shop operates on a month-to-month lease at $4,200 per month. The property includes two fiberglass fuel tanks (10,000 and 12,000 gallons) installed in 1993 and four Gilbarco MPDs (2010). There is no existing fuel supply agreement, presenting a unique opportunity for the new owner to negotiate favorable terms with fuel suppliers, potentially increasing sales volume through branding and upgrades. The property also features over 40,000 square feet of vacant land, allowing for future development potential. Located approximately 1.2 miles from I-45, this property benefits from high traffic counts and proximity to a large public school complex under construction across the street. Note that the property is located in the 100-year floodplain (per FEMA) and the 2023 Harris County and Aldine ISD tax rate is $2.05 per $100 of assessed value. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,341,516

  6.5%

  $1,238,323

  7%

  $1,149,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,659,768

  Geo Method

  $3,361,886

• Alternative Use

  Use

  Valuation

  Residential

  $1,044,572

  Hospitality

  $956,822

  Educational

  $796,065

  Medical

  $823,443

  Retail

  $1,238,323

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.897

Longitude

-95.4318

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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