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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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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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