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    45 West Rd Houston, TX 77037

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    For Lease
    Contact for pricing

    Houston Shopping Center - High Visibility

    Lot size:
    136,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    West Road Plaza, a prime retail shopping center located at 45 West Road, Houston, Texas 77037 in Harris County, presents a significant investment opportunity. This 136,000 square foot property is currently configured as a multi-tenant shopping center with only two suites. A substantial portion of the center, totaling 100,344 square feet, is currently vacant, offering considerable potential for redevelopment or lease-up. The property is ideally suited for a variety of retail uses, given its high visibility location and substantial space. Individual suites can be leased with a minimum divisible space of 6,500 square feet, while the maximum contiguous space available is 72,000 square feet. This allows for flexibility in tenant selection and lease arrangements, catering to both smaller and larger retail businesses. The property's strategic location in Houston, coupled with its size and flexibility, makes it an attractive proposition for investors seeking a high-impact retail investment in a thriving market. The property is classified as a shopping center and is currently designated as a "Future Pad," indicating potential for further development and expansion. This presents a unique opportunity to shape the future of this retail center and capitalize on the significant potential of the vacant space. The property's address is easily accessible and benefits from high traffic volume.

    Property Features for 45 West Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    136,000 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    22,198 SF

    HighLights

    • High visibility from Interstate 45, exposed to 330,000+ vehicles daily.
    • West Road Plaza boasts 2.1 million annual visitors.
    • Strategically located at a signalized intersection with eight access points.
    • Strong tenant mix featuring national retailers such as Dollar Tree, Ross Dress for Less, Marshall's, Party City, and Petco.
    • Pylon signage opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -95.4135548
    Latitude
    29.9157473

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    FAQs

    What type of property is this?
    Lifestyle center - Houston Shopping Center - High Visibility
    Where is this lifestyle center located?
    The property is located at 45 West Rd Houston, TX.
    What are key features of this property?
    This property features: High visibility from Interstate 45, exposed to 330,000+ vehicles daily.; West Road Plaza boasts 2.1 million annual visitors.; Strategically located at a signalized intersection with eight access points.
    Request Owner's contact information
    45 West Rd Houston, TX 77037
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    Houston, TX 77037
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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
    45 West Rd Houston, TX 77037
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