4840 Center StDeer Park, TX 77536

Property Details for 4840 Center St

Year built

1986

Construction

STEEL FRAME

Lot size

0.47 AC

Property size (Sq ft)

7,320 SF

Property type

Auto shops

APN

790850110029

APU

790850110029

Description

This exceptional investment opportunity presents a 6,120-square-foot freestanding auto shop located at 4840 Center Street, Deer Park, Texas, 77536. The property boasts nine vehicle bays equipped with overhead doors, five two-post lifts, and an alignment lift, all included in the sale. An 800-square-foot office area provides ample administrative space. The building sits on a highly trafficked area with 23,268 vehicles per day on Center Street and 32,994 vehicles per day on Spencer Highway, ensuring excellent visibility and potential for high returns. The property includes 15 parking spaces, with five in front and paved overflow parking in the rear. The current tenant is under a NNN lease with a remaining term of two years, expiring in 2026, offering immediate cash flow. The average household income in the area is $94,244, indicating a strong consumer base. This single-tenant retail property presents a compelling investment opportunity in a prime location with significant traffic volume and a proven tenant history. The property type is retail, specifically an auto shop and storefront.

• CAP approach

  CAP return

  Valuation

  6%

  $2,203,748

  6.5%

  $2,034,229

  7%

  $1,888,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,726,549

  Geo Method

  $5,522,668

• Alternative Use

  Use

  Valuation

  Residential

  $1,715,948

  Hospitality

  $1,571,799

  Educational

  $1,307,718

  Medical

  $1,352,693

  Retail

  $2,034,229

Location Insight

City

Deer Park

County

Harris

State

Texas

Latitude

29.6645

Longitude

-95.1234

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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