7599 Garth RdBaytown, TX 77521

  • Strip malls
  • 27,178 SF
For Lease
$24/SF/YR View listing

Property Details for 7599 Garth Rd

Year built
2009
Construction
STEEL FRAME
Lot size
2.95 AC
Property size (Sq ft)
27,178 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
1310310000001
APU
1310310000001

Description

Chase Plaza, located at 7599 Garth Rd, Baytown, TX 77521, presents a compelling investment opportunity in a thriving retail environment. This single-story, 23,862 square foot strip center, built in 2009, boasts a spacious 128,676 square foot lot. Currently, 5,790 square feet of retail space is available, divisible into units ranging from 2,380 to 3,410 square feet, offering flexibility for various business needs. The property benefits from its high-traffic location on Garth Road, enjoying excellent visibility and accessibility. Its strategic proximity to an elementary school ensures consistent foot traffic, while convenient cross-access to the new Holiday Inn Express further enhances its appeal. Furthermore, its location minutes from Interstate 10 provides easy access for customers and employees alike. The property's APN is 1310310000001. This is an exceptional opportunity to secure a well-positioned retail space in a rapidly growing area of Baytown, Texas.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,982,617
    6.5%
    $10,137,801
    7%
    $9,413,672
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,936,099
    Geo Method
    $20,504,790
  • Alternative Use

    Use
    Valuation
    Residential
    $8,551,614
    Hospitality
    $7,833,232
    Educational
    $6,517,158
    Medical
    $6,741,292
    Retail
    $10,137,801

Location Insight

City
Baytown
County
Harris
State
Texas
Latitude
29.8103
Longitude
-94.9833
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
$24,061
$1,901,382
$3,025,619
$4,927,001
-
$1,901,382
$3,025,619
$4,927,001

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