5820 Fm 1960 RdAtascocita, TX 77346

  • Strip malls
  • 26,866 SF
For Lease
$20/SF/YR View listing

Property Details for 5820 Fm 1960 Rd

Year built
1984
Construction
CONCRETE BLOCKS
Lot size
1.81 AC
Property size (Sq ft)
26,866 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
1105860000034
APU
1105860000034

Description

Crossroads Plaza, a 24,087-square-foot retail and office center in Humble, Texas, offers multiple executive office suites for lease. Located at the prominent corner of FM 1960 and Twigs Worth Lane, this 1984-built property provides convenient access and high visibility. Currently, 5,196 square feet of space is available, with individual suites ranging from a minimum of 1,000 square feet to a maximum contiguous space of 2,690 square feet. The building's prime location in Harris County ensures excellent exposure to a substantial customer base. Ideal for businesses seeking flexible and well-situated office space, Crossroads Plaza presents a compelling opportunity to establish a thriving presence in a bustling commercial area. The property offers a blend of retail and office space, creating a dynamic and vibrant environment. Its strategic location at a major intersection provides exceptional visibility and accessibility for both employees and clients. The available space is adaptable to various business needs, making it a versatile option for companies of different sizes. Built in 1984, the building offers a well-established presence within the community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,856,538
    6.5%
    $10,021,420
    7%
    $9,305,604
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,787,594
    Geo Method
    $20,269,398
  • Alternative Use

    Use
    Valuation
    Residential
    $8,453,443
    Hospitality
    $7,743,308
    Educational
    $6,442,342
    Medical
    $6,663,904
    Retail
    $10,021,420

Location Insight

City
Humble
County
Harris
State
Texas
Latitude
29.998
Longitude
-95.1847
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
$26,737
$632,312
$2,371,948
$3,004,260
-
$632,312
$2,371,948
$3,004,260

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