6430 Garth RdBaytown, TX 77521

Property Details for 6430 Garth Rd

Year built

2017

Construction

STEEL FRAME

Lot size

15.56 AC

Property size (Sq ft)

116,317 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

1378390010001

APU

1378390010001

Description

This exceptional retail investment opportunity is located in a thriving Baytown, Texas, center anchored by an HEB grocery store. The property boasts a total of 96,162 square feet, currently featuring two available commercial suites. Suite sizes range from 5,000 to 13,420 square feet, offering flexibility for a variety of retail tenants. A significant 18,420 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The center enjoys a strategic location at the southeast corner of Garth Road and Hunt Road, benefiting from high visibility and convenient access. Baytown's robust economy is driven by major employers including ExxonMobil, Chevron Phillips, and Bayer, each with substantial facilities and large workforces in the area. These industrial giants, along with other significant employers such as Enterprise Product Partners, Targa Resources, and major distribution centers for Walmart and Home Depot, contribute to a strong and stable local economy, creating a high-demand market for retail spaces. This new construction property offers a unique chance to capitalize on the growth and potential of this dynamic area. The property is situated in Harris County, providing access to a large consumer base and excellent infrastructure. This is an ideal investment for those seeking a high-growth retail opportunity in a well-established and expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $47,003,648

  6.5%

  $43,387,980

  7%

  $40,288,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,364,200

  Geo Method

  $87,756,848

• Alternative Use

  Use

  Valuation

  Residential

  $36,599,384

  Hospitality

  $33,524,840

  Educational

  $27,892,274

  Medical

  $28,851,532

  Retail

  $43,387,980

Location Insight

City

Baytown

County

Harris

State

Texas

Latitude

29.7954

Longitude

-94.9781

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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