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    22948 Imperial Valley Dr Houston, TX 77073

    Sponsored
    For Sale
    $1,250,000

    High-yield retail center, 100% leased.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Houston shopping center presents a compelling investment opportunity. Located at 22948 Imperial Valley Dr, Houston, TX 77073, in Harris County, this property boasts a +/- 7,500 square foot building situated on a +/- 0.53-acre lot. The center enjoys excellent visibility with approximately +/- 150.16 feet of frontage. Currently operating at 100% occupancy, this investment offers a strong cap rate of approximately 6.021%. Its strategic location provides convenient access to major transportation arteries, including proximity to I-45 (within 1 mile), FM 1960 Road (within 1 mile), and the Hardy Toll Road (within 3.1 miles). Furthermore, the property benefits from its relatively close proximity to George Bush Intercontinental Airport (approximately 13.1 miles) and the city of Spring (approximately 5.2 miles). This fully leased retail center represents a stable and potentially lucrative investment in a thriving Houston market. The property's size, location, and high occupancy rate make it an attractive option for investors seeking a strong return on investment. Detailed financial information is available upon request.

    Property Features for 22948 Imperial Valley Dr

    General Information

    Property type
    Lifestyle centers

    HighLights

    • $1,250,000 Asking Price
    • 7,500 SF Retail Building on a 0.53‑Acre Lot
    • 150.16 Feet of Frontage
    • 100% Leased
    • 6.021% Cap Rate
    Property Profile Location Intelligence

    Current Use by Public Records

    Imperial Washateria Laundromat Nice Dreams Smoke ... Vaporizer Store Erika's Hair Salon Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.421394156683
    Latitude
    30.029888776536

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, 100% leased.
    Where is this lifestyle center located?
    The property is located at 22948 Imperial Valley Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 Asking Price; 7,500 SF Retail Building on a 0.53-Acre Lot; 150.16 Feet of Frontage
    Request Owner's contact information
    22948 Imperial Valley Dr Houston, TX 77073
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    Houston, TX 77073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22948 Imperial Valley Dr Houston, TX 77073
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