This exceptional retail opportunity presents four available spaces within the thriving Allendale Shopping Center, located at 2000 S Richey St, Pasadena, TX 77502. The center is a well-established strip center in the Near Southeast Submarket of Houston, Harris County. Units range in size from 1,050 square feet to 2,400 square feet, offering flexibility for a variety of retail businesses. The property's total building size is 7,956 square feet, indicating a substantial and established retail presence. The center benefits from its location within a vibrant and diverse community, providing convenient access for both local residents and visitors, ensuring high foot traffic and visibility. This makes it an ideal location for businesses seeking strong community engagement and a robust customer base. The property's address is easily accessible, contributing to its appeal for both customers and employees. This is a rare opportunity to secure retail space in a well-established center within a thriving Texas community. The available spaces offer a chance to establish or expand a business in a high-traffic, convenient location. Interested parties should inquire promptly to secure their preferred space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$16,543,100
6.5%
$15,270,500
7%
$14,179,800
Comparable approach
Method
Valuation
Relative Method
$10,496,000
Geo Method
$21,259,700
Alternative Use
Use
Valuation
Industrial / Distribution
$30,382,800
Mixed-Use / Specialty
$14,972,100
Hospitality / Lodging
$10,666,900
Office
$14,629,100
Institutional / Educational
$15,477,800
Residential Income
$18,109,000
Multifamily
$23,071,500
Automotive / Energy
$13,266,700
Parking / Income-Based Land
$4,819,200
Restaurant / Food Service
$7,266,430
Healthcare / Senior Housing
$15,603,800
Location Insight
City
Pasadena
County
Harris
State
Texas
Latitude
29.6826
Longitude
-95.2269
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Richey St Pasadena, TX 77502
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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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