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11616 T C Jester Blvd Houston, TX 77067

OFF-MARKET Strip malls Google Maps
23,216 SF 6.1 ac lot Built 2019
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$740k
Range $666k – $814k (±10%)
Property ID US82-5562441

Property summary

AI-generated overview

This exceptional retail strip center, located at 11616 T C Jester Blvd in Houston, Texas (zip code 77067), offers four available spaces ranging from 1,800 to 2,100 square feet. The property is classified as a Class B retail strip center within Harris County. Its prime location provides excellent visibility and is strategically situated near major corporations and Bush Intercontinental Airport, ensuring high traffic and potential customer base. The center's multiple tenancy structure presents a diverse and vibrant commercial environment. The property boasts a significant advantage by being located outside of both the 100-year and 500-year floodplains, minimizing risk and enhancing its long-term value. This presents a compelling opportunity for businesses seeking high-traffic exposure in a well-established Houston location. The available spaces are ideal for a variety of retail uses, offering flexibility and potential for growth. Interested parties are encouraged to inquire for further details and leasing information. The property's convenient access to major transportation arteries and proximity to significant employment centers make it an attractive investment. This is a rare opportunity to secure retail space in a thriving Houston neighborhood.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2019
Construction STEEL FRAME
Total area 23,216 SF
Lot 6.1 ac (265,607 SF)
APN 1152920010017
UPID US82-5562441

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
  • (Bike/Boat/Book/etc) Store
  • Gas Station
  • Grocery & Convenience Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$723k
Blend (final) Blend
$740k

Owner & transaction history

since 2015
4 recorded transactions
2020
Price N/A
2015
Price N/A
1998
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.1M +78.6%

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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