Property profile

11239 Veterans Memorial Dr Houston, TX 77067

FOR SALE
Auto shops
Property ID
US82-3439273
7,600 SF 1 ac lot Built 2006
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,400 square foot commercial property, built in 2006, is ideally situated in Houston, Texas, at 11239 Veterans Memorial Dr, 77067. The property boasts a prime location near the intersection of I-45 North and Beltway 8 North, ensuring high visibility and tremendous traffic flow. This well-established and recognizable business offers significant potential for continued success. The single-story building sits on a substantial 43,000 square foot lot and includes 30 parking spaces. The property's classification encompasses retail, industrial, and business uses, making it versatile and adaptable to various needs. Its current configuration as an auto shop and warehouse provides a solid foundation for a variety of business ventures. The property's Assessed Property Number (APN) is 1333000010001. A buyer has the flexibility to establish an absolute net lease structure, offering further investment advantages. This is a rare opportunity to acquire a thriving business with significant upside potential in a high-traffic area. The asking price is $2,500,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2006
Construction METAL FRAME
Total area 7,600 SF
Lot 1 ac (43,560 SF)
APN 1333000010001
UPID US82-3439273

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Auto Repair Shop

Location

11239 Veterans Memorial Dr Houston, TX 77067
Houston metro Census 550800 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2014
5 recorded transactions
2017
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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