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    Neq Of Elgin St & Scott St Houston, TX 77004

    Sponsored
    For Lease
    Contact for pricing

    Prime Houston Retail, Two Suites Available

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, known as Elgin at Milby Tracts, presents a unique investment opportunity in a high-traffic location. Situated on a 0.57-acre lot (with lot sizes ranging from 0.22 to 0.35 acres according to available records), this Harris County property offers two available commercial suites within a single building totaling 1 square foot. One suite is currently vacant, presenting immediate occupancy potential. The property boasts an unparalleled location directly across from the University of Houston campus, home to over 46,000 students, ensuring a consistent flow of potential customers. Its strategic placement provides easy access to I-45, placing it within convenient reach of a large customer base. Adding to its appeal, the property is adjacent to The Icon and just east of the Metro Rail Red Line, offering excellent public transportation access. The proximity to Yates High School and Texas Southern University further enhances its visibility and accessibility. This is a rare chance to secure a retail space in a vibrant, high-growth area with exceptional visibility and convenient access to major transportation arteries and a large student population. The property's location offers significant potential for a variety of retail businesses seeking a strong foothold in a densely populated and highly accessible area. The available vacant space presents an immediate opportunity for a quick start.

    Property Features for 0 Neq Of Elgin St & Scott St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    NEC Of Milby & Beulah
    Size
    0 SF
    Space
    NEC Of Milby & Elgin
    Size
    0 SF

    HighLights

    • High‑traffic retail location directly across from the University of Houston, serving over 46,000 students.
    • Excellent access to I‑45 freeway.
    • Adjacent to The Icon development.
    • Conveniently located near the Metro Rail Red Line.
    • Close proximity to Yates High School and Texas Southern University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3500468
    Latitude
    29.7277596

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    FAQs

    What type of property is this?
    Retail property - Prime Houston Retail, Two Suites Available
    Where is this retail property located?
    The property is located at Neq Of Elgin St & Scott St Houston, TX.
    What are key features of this property?
    This property features: High-traffic retail location directly across from the University of Houston, serving over 46,000 students.; Excellent access to I-45 freeway.; Adjacent to The Icon development.
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    Neq Of Elgin St & Scott St Houston, TX 77004
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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
    Neq Of Elgin St & Scott St Houston, TX 77004
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