20669 Lake Houston PkwyAtascocita, TX 77346

Property Details for 20669 Lake Houston Pkwy

Year built

2004

Construction

BRICK

Lot size

2.30 AC

Property size (Sq ft)

22,915 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1191890010003

APU

1191890010003

Description

This exceptional 20,948 square foot Class A retail center, located at 20669 W Lake Houston Pkwy, Humble, TX 77346, presents a unique leasing opportunity in the thriving Kings Lake Estates submarket. The property boasts a single, one-story building with 10 suites, offering flexible spaces ranging from a minimum of 1,782 square feet to a maximum contiguous space of 3,240 square feet. Currently, 5,022 square feet are vacant, providing immediate occupancy potential. The center is ideally suited for a variety of uses, including retail, restaurant, and special purpose tenants, as indicated by its Commercial zoning. With ample parking (133 spaces) and excellent visibility from W. Lake Houston Parkway, this location ensures high traffic and accessibility. The property benefits from its strategic position in a densely populated area, with average household incomes exceeding $100,000 within a 5-mile radius, and high daily traffic volume exceeding 120,000 vehicles. The center's location between Atascocita and Kingwood provides convenient access to a large customer base. This is a rare opportunity to secure a space in a thriving retail center with strong demographics and high visibility. The property is conveniently located near Upper Lake Drive.

• CAP approach

  CAP return

  Valuation

  6%

  $9,259,941

  6.5%

  $8,547,638

  7%

  $7,937,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,907,010

  Geo Method

  $17,288,516

• Alternative Use

  Use

  Valuation

  Residential

  $7,210,252

  Hospitality

  $6,604,552

  Educational

  $5,494,910

  Medical

  $5,683,888

  Retail

  $8,547,638

Location Insight

City

Humble

County

Harris

State

Texas

Latitude

30.0116

Longitude

-95.1798

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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