11239 Veterans Memorial DrHouston, TX 77067

Property Details for 11239 Veterans Memorial Dr

Year built

2006

Construction

METAL FRAME

Lot size

1.00 AC

Property size (Sq ft)

7,600 SF

Property type

Retail properties

Property subtype

Auto shops

APN

1333000010001

APU

1333000010001

Description

This exceptional 9,400 square foot commercial property, built in 2006, is ideally situated in Houston, Texas, at 11239 Veterans Memorial Dr, 77067. The property boasts a prime location near the intersection of I-45 North and Beltway 8 North, ensuring high visibility and tremendous traffic flow. This well-established and recognizable business offers significant potential for continued success. The single-story building sits on a substantial 43,000 square foot lot and includes 30 parking spaces. The property's classification encompasses retail, industrial, and business uses, making it versatile and adaptable to various needs. Its current configuration as an auto shop and warehouse provides a solid foundation for a variety of business ventures. The property's Assessed Property Number (APN) is 1333000010001. A buyer has the flexibility to establish an absolute net lease structure, offering further investment advantages. This is a rare opportunity to acquire a thriving business with significant upside potential in a high-traffic area. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,071,156

  6.5%

  $2,834,914

  7%

  $2,632,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,617,424

  Geo Method

  $5,733,918

• Alternative Use

  Use

  Valuation

  Residential

  $2,391,356

  Hospitality

  $2,190,469

  Educational

  $1,822,444

  Medical

  $1,885,121

  Retail

  $2,834,914

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9446

Longitude

-95.4661

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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