8050 Sam Houston PkwyHouston, TX 77064

  • Strip malls
  • 13,898 SF
For Lease
$26/SF/YR View listing

Property Details for 8050 Sam Houston Pkwy

Year built
2008
Construction
CONCRETE BLOCKS
Lot size
1.35 AC
Property size (Sq ft)
13,898 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
1202050010001
APU
1202050010001

Description

This exceptional retail center, located at 8050 North Sam Houston Pkwy W in Houston, Texas (zip code 77064), offers ±2,424 square feet of available space. Situated on the hard corner of Gessner Road and Beltway 8, this property boasts unparalleled visibility and accessibility. Benefit from exposure to over 227,000 vehicles daily traveling along these major thoroughfares. The center's strategic location provides excellent proximity to Sam Houston Race Park, a significant traffic generator for the area, and is approximately 1.7 miles from Willowbrook Mall, further enhancing its appeal. The property is a multi-tenant retail center within Harris County, with currently 1,050 square feet of vacant space. This presents a unique opportunity for businesses seeking high visibility and convenient access to one of Houston's busiest roadways. The property's location within the Northwest Houston area offers strong potential for growth and success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,184,110
    6.5%
    $3,862,256
    7%
    $3,586,380
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,176,718
    Geo Method
    $10,485,524
  • Alternative Use

    Use
    Valuation
    Residential
    $3,257,957
    Hospitality
    $2,984,271
    Educational
    $2,482,878
    Medical
    $2,568,268
    Retail
    $3,862,256

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9309
Longitude
-95.5441
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
$24,535
$1,057,500
$2,177,607
$3,235,107
-
$1,057,500
$2,177,607
$3,235,107

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