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    3831 Golf Dr Houston, TX 77018

    For Sale
    Contact for pricing

    High-Growth Area, 23,132 SF Pharmacy

    Property size:
    23,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional sale-leaseback opportunity presents a 23,132-square-foot Class A retail building in Houston, Texas. Located in the desirable Garden Oaks submarket, this single-tenant property features a 7-year absolute NNN lease with a creditworthy tenant, Revive RX, one of the fastest-growing compounding pharmacies in Texas. The building, constructed in 1982 and extensively renovated in 2020 (including a new roof in 2024), sits on a 0.83-acre lot (36,465 sq ft). The lease includes annual rent escalations, providing consistent income growth. The property's prime location offers excellent access to Houston's thriving urban communities and business centers. With a strong NOI of $480,000, this investment presents a compelling opportunity for long-term, stable returns in a high-growth market. This is a rare chance to acquire a well-maintained, high-performing asset with a secure, long-term lease.

    Property Features for 3831 Golf Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    23,132 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1982/2020

    HighLights

    • Sale‑leaseback opportunity: 23,132 SF Class A retail building leased to Revive RX, a creditworthy tenant.
    • 7‑year absolute NNN lease with annual rent escalations.
    • 23,132 SF building on a 0.83‑acre lot.
    • Major renovations completed in 2020, including a new roof in 2024.
    • Located in the high‑growth Garden Oaks submarket of Houston, TX, with excellent access to major urban areas.
    • Strong NOI of $480,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Revive RX Pharmacy Pharmacy Dataprise Computer Support And Services Lobo and Company Internet Marketing Service Old tom Bar Cocktail Bar ITCubed Computer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4243034
    Latitude
    29.8224168

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    FAQs

    What type of property is this?
    Individual retail property - High-Growth Area, 23,132 SF Pharmacy
    Where is this individual retail property located?
    The property is located at 3831 Golf Dr Houston, TX.
    What are key features of this property?
    This property features: Sale-leaseback opportunity: 23,132 SF Class A retail building leased to Revive RX, a creditworthy tenant.; 7-year absolute NNN lease with annual rent escalations.; 23,132 SF building on a 0.83-acre lot.
    (432) 296-2994
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    3831 Golf Dr Houston, TX 77018
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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
    3831 Golf Dr Houston, TX 77018
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