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
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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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