11509 Veterans Memorial DrHouston, TX 77067

Property Details for 11509 Veterans Memorial Dr

Year built

2002

Construction

CONCRETE BLOCKS

Lot size

2.00 AC

Property size (Sq ft)

23,621 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1294120010001

APU

1294120010001

Description

This Houston, TX retail center, Emerald Plaza, offers 4,500 square feet of contiguous space in a single-story, 21,045 square-foot building situated on 2 acres of land. Built in 2002, the Class C property features 8 suites, with a minimum divisible space of 2,000 square feet. The center boasts ample parking with 112 spaces and is conveniently located at 11509 Veterans Memorial Dr, Houston, TX 77067, near Beltway 8 in the Veteran Memorial submarket. The space is ideal for various uses, including medical offices, daycare centers, restaurants, clothing stores, or dollar stores. The landlord is willing to collaborate with prospective tenants, particularly long-term restaurant operators. Currently, several stable tenants occupy the center. A 3D tour is available online. The property offers a gross lease structure.

• CAP approach

  CAP return

  Valuation

  6%

  $9,545,235

  6.5%

  $8,810,986

  7%

  $8,181,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,243,049

  Geo Method

  $17,821,166

• Alternative Use

  Use

  Valuation

  Residential

  $7,432,397

  Hospitality

  $6,808,036

  Educational

  $5,664,206

  Medical

  $5,859,006

  Retail

  $8,810,986

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9491

Longitude

-95.4697

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].