The Renaissance Center, located at 6102 Scott St, Houston, TX 77021, offers 18,381 square feet of vacant retail space across three buildings totaling 101,525 square feet. This multi-tenant property boasts a diverse mix of established businesses, including Shoe Palace and T-Mobile, creating a vibrant shopping environment. Recent renovations, including a new 6,000-square-foot building, enhance the property's appeal and functionality. The center provides ample parking with 765 spaces, ensuring convenient access for customers. Space is divisible to a minimum of 1,500 square feet and up to a maximum contiguous space of 12,381 square feet. Its strategic location at the intersection of Scott Street and Old Spanish Trail offers high visibility and accessibility within a densely populated area, making it an ideal location for a variety of retail uses, including restaurants, retail shops, and medical offices. The property's strong tenant base and recent improvements present a compelling investment opportunity in a thriving Houston market. This is a unique chance to secure space in a well-established and highly visible retail center.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$10,168,851
6.5%
$9,386,632
7%
$8,716,158
Comparable approach
Method
Valuation
Relative Method
$12,581,237
Geo Method
$25,483,490
Alternative Use
Use
Valuation
Residential
$7,917,975
Hospitality
$7,252,822
Educational
$6,034,263
Medical
$6,241,791
Retail
$9,386,632
Location Insight
City
Houston
County
Harris
State
Texas
Latitude
29.7004
Longitude
-95.3603
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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