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    27620 Tx-249 Tomball, TX 77375

    For Sale
    $7,250,000

    Multi-tenant retail center, high occupancy.

    Property size:
    35,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 35,550 square foot, multi-tenant retail center located at 27620 TX-249 in Tomball, Texas. The property, built in 2002 and renovated in 2024, boasts a Class B designation and sits on a generous 3.9-acre lot. Currently operating at 100% occupancy with seven tenants, the center offers 34,918 square feet of net rentable space. The property features ample parking with 200 spaces, providing a convenient 5.58 spaces per 1,000 square feet. The lease type is NNN, with a remaining lease term of 0.5 years. The asking price is $7,250,000, and the property is zoned for commercial use. This stabilized, value-add investment is ideal for those seeking a strong return. The property benefits from a prime location, sharing street and parking lot access with a Walmart Supercenter and a Taco Bell/KFC. It also enjoys 6-lane street frontage just off the freeway, and a new Costco is under construction nearby. A 1031 exchange is possible, and the seller is open to a lease option to purchase with SBA loan financing. The property's APN is 1176310010004. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a rapidly growing area.

    Property Features for 27620 Tx-249

    General Information

    Property type
    Lifestyle centers
    Square Feet
    35,550 SF
    Class
    B
    Lot Size
    169,884 SF

    Building Details

    Year Built/Renovated
    2002/2024
    Stories
    1

    HighLights

    • $7,250,000 asking price for a stabilized, value‑add retail investment.
    • 35,550 square feet (34,918 rentable) multi‑tenant retail property in Tomball, TX.
    • 100% occupancy with seven tenants, lease expiring in 0.5 years.
    • Class B, single‑story building constructed in 2002, renovated in 2024, on a 3.9‑acre lot with 200 parking spaces.
    • NNN lease, located at 27620 TX‑249, Tomball, TX 77375 (APN: 1176310010004).
    • Sale includes a lease option with potential SBA loan; suitable for a 1031 exchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.626177500311
    Latitude
    30.074590903482

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    FAQs

    What type of property is this?
    Lifestyle center - Multi-tenant retail center, high occupancy.
    Where is this lifestyle center located?
    The property is located at 27620 Tx-249 Tomball, TX.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: $7,250,000 asking price for a stabilized, value-add retail investment.; 35,550 square feet (34,918 rentable) multi-tenant retail property in Tomball, TX.; 100% occupancy with seven tenants, lease expiring in 0.5 years.
    Request Owner's contact information
    27620 Tx-249 Tomball, TX 77375
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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

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    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
    27620 Tx-249 Tomball, TX 77375
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